R/€ = 15.90 Change: -0.01
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Pt 805.07 $/oz Change: 17.61


VEON says aims to buy out Egypt's Global Telecom for $600m

By: Reuters     5th February 2019 Telecoms operator VEON Ltd said on Tuesday it intends to offer 5.30 Egyptian pounds ($0.3005) per share for the 42.3% of Cairo-listed Global Telecom Holding it does not already own. The offer for the stake in Global, formerly known as Orascom, represents a 20% premium to its closing price on... 

Volkswagen signs agreement with Ethiopia to develop auto industry

By: Irma Venter     29th January 2019 Volkswagen has signed a memorandum of understanding (MoU) with the government of Ethiopia to deliver a joint vision for the development of an automotive industry in the East African country. The MoU was signed by Volkswagen sub-Saharan Africa region head Thomas Schaefer and Ethiopian Investment... 

Cape Town’s WhereIsMyTransport expands to Latin America, India

By: Irma Venter     22nd January 2019 Public transport data and technology company WhereIsMyTransport has raised $1.85-million in funding from Liil Ventures and Goodwell Investments, as part of its Series A funding round. The funding will support the company’s expansion into Latin America and India. 

Oil, gas outlook positive amid tough conditions, says PwC review

By: Kim Cloete     7th November 2018 The outlook for Africa’s oil and gas industry is positive, despite tough economic conditions and far fewer discoveries over the past year, PwC’s yearly 'Africa Oil & Gas Review' shows. The review indicates how the industry has responded in the wake of the recovery of the oil price to close to... 

Unlock true potential of Africa by empowering its youth

26th October 2018 Africa evokes distinctive images of its natural wildlife and majestic landscapes. Of course, there is more to the Africa story, driven by its people, tremendous talent pool, and the untapped resources that will take the continent to the next level of growth in the coming years. 

Terramin flags higher output at Algeria zinc/lead mine

By: Esmarie Iannucci     23rd October 2018 An initial optimisation study into the Tala Hamza zinc/lead project, in Algeria, has flagged a substantial increase in production rates, ASX-listed Terramin Australia said on Tuesday. Terramin, which owns a 65% interest in the project, reported that the initial optimisation study had identified... 

Containerised workshop facilitates hydraulic services

19th October 2018 Hydraulics components supplier Hytec Services Africa (HSA), part of hydraulic components supplier Hytec Group, has launched its mine site based containerised hose workshops to provide a comprehensive onsite hose and fittings service to its mining clients across Africa. Set up in refurbished and... 

Positives of migration

By: Martin Zhuwakinyu     19th October 2018 Television footage of desperate Africans drowning in the Mediterranean Sea en route to Spain and other European destinations that hold out the promise of a better life has become all too frequent. The International Organisation for Migration puts the cumulative toll since 2000 at 33 000, with... 

South Africa elected chair of ACF

18th October 2018 South Africa has been elected chair of the continental competition body, the African Competition Forum (ACF).   The body, which comprises 31 members and five regional competition agencies, voted for three positions that include the chair, vice chair and the steering committee at a biennial... 

Visa regulation amendments to ease entry for business travellers, tourists

By: Tasneem Bulbulia     25th September 2018 The Department of Home Affairs (DHA) is pursuing new regulations to make it easier for business travellers, tourists and academia to enter South Africa, but South African minors leaving the country will still need consent from both parents when leaving the country. The announcement of the new... 

Consultancy pursues innovation, growth

14th September 2018 Engineering consultancy AZMET continues to showcase South African engineering talent to a global audience, and the company is pursuing a number of plans for further expansions and opportunities that exist for organisations willing to innovate, says AZMET marketing director Ruan Kukard. AZMET,... 

SA cities not among the least liveable

By: Martin Zhuwakinyu     14th September 2018 South Africans are a whinging lot – there is survey data from credible research entities to prove this – and one of biggest gripes is about living conditions in towns and cities, especially in the less-well-to-do areas, better known in our lingo as ‘locations’ or ‘townships’. The service delivery... 

Volkswagen signs assembly, policy MoUs in Nigeria, Ghana

By: Irma Venter     3rd September 2018 Volkswagen has added Ghana and Nigeria to its list of future vehicle assembly operations in Africa. The German manufacturer is already active on assembly sites in Kenya, Algeria and Rwanda. 

SA looking to Equatorial Guinea, South Sudan and Algeria for oil

By: African News Agency      21st August 2018 South Africa is looking to Algeria, Equatorial-Guinea and South Sudan for crude oil sources closer to home as the country experiences its highest fuel prices in history, Energy Minister Jeff Radebe said on Tuesday. "We are looking very aggressively to other countries, Equatorial Guinea, Algeria,... 

Open letter to Safa president

By: Martin Zhuwakinyu     8th June 2018 Dear Dr Danny Jordaan Congratulations on your recent election for another term at the pinnacle of South African football administration. If there had been any doubt that you are a darling of our football-loving nation, it would have evaporated in the wake of your landslide victory – 234 out of... 

Alstom completes tram line in Algerian city

By: Marleny Arnoldi     9th May 2018 French multinational Alstom has completed the first tram line for the city of Sétif, in Algeria.  

Economist predicts growth for African countries

By: Marleny Arnoldi     4th May 2018 The tide has turned for many African countries in terms of growth, says Citibank Africa economist David Cowan.  

Algerian cement firm exports for first time to Europe

By: Reuters     3rd May 2018 Algeria's State cement firm GICA has exported to Europe for the first time, sending out 200 000 t of grey cement, it said on Wednesday, as the North African oil producing country seeks to lower its import bill following a fall in energy revenues. Algeria used to be a net importer of grey cement,... 

Alstom holds test run for Coradia Polyvalent train for Senegal

By: Simone Liedtke     2nd May 2018 Alstom has successfully started the test run of the first Coradia Polyvalent train to be delivered to Senegal at Alstom’s site in Reichshoffen, in France, which marks the start of an extensive testing campaign prior to its departure. These tests, the rail transport company explained, will allow... 

Global wind body sees South African market returning to ‘full health’ in 2018

By: Terence Creamer     25th April 2018 The Global Wind Energy Council (GWEC) expects the South African wind market to return to “full health” in the coming year, following more than two years of uncertainty. The council’s latest Global Wind Report, which deals with market developments for 2017, notes that the South African renewable... 

Free trade deal is much ado about nothing

By: Riaan de Lange     6th April 2018 It is the eightieth day of the year as I sit down to write this piece – the first full day of the sign of Aries. In case you are wondering, there are 285 days until the end of the year, and, in another 65 days, it will be Tax Freedom Day. It means that you will need to work up to May 25 to pay... 

Future of SA space industry lies in collaborations and constellations

By: Rebecca Campbell     6th April 2018 International collaboration is essential for a successful South African space programme. “The future of the South African space industry lies in international collaboration in satellite constellations,” affirms South African private-sector space enterprise SCS Aerospace Group Executive Chairman... 

Remembering Julius Nyerere

By: Martin Zhuwakinyu     23rd March 2018 It took the threat of impeachment proceedings by his own party to get Jacob Zuma, decidedly the most inept – and venal – President South Africa has ever had, to vacate the Union Buildings on Valentine’s Day. Just under three months earlier, the ruling Zanu-PF party in neighbouring Zimbabwe had... 

PEWA to set stage for African energy investment once again

By: Marleny Arnoldi     16th March 2018 With 600-million people in Africa not having access to electricity, the onus is on Power & Electricity World Africa (PEWA) to provide the platform that will encourage investment in infrastructure and grid connection across Africa.  

Africa’s downstream oil industry holds promise

By: Kim Cloete     14th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

Groupe PSA to assemble Peugeot, Opel vehicles in Namibia

By: Irma Venter     13th March 2018 Groupe PSA has signed an agreement with the Namibia Development Corporation (NDC) to assemble Peugeot and Opel vehicles in Walvis Bay. Groupe PSA is a French multinational manufacturer of automobiles and motorcycles sold under the Peugeot, Citroën, DS, Opel and Vauxhall brands. 

Exciting prospects for national space agency

By: Rebecca Campbell     12th March 2018 The South African National Space Agency (Sansa) has a number of exciting opportunities for the next few years, CEO Dr Val Munsami told Engineering News Online on Monday. These include collaborations with other countries in Africa as well as with major global space agencies. Some of the proposed... 

LafargeHolcim CEO launches overhaul, takes big Q4 charge

By: Reuters     2nd March 2018 LafargeHolcim aims to grow faster than the overall market and cut costs under a five-year plan set out by the new chief executive of the world's biggest cement maker on Friday. The strategy was launched as LafargeHolcim reported a 3.1-billion Swiss franc ($3.3-billion) net loss during its fourth... 

Production starts at Algerian gasfield

2nd February 2018 Energy company Repsol has started production from the Reggane Nord gasfields, in Algeria. With construction completed in December, the company explains that the Reggane Nord gasfields are expected to produce eight-million cubic metres a day of gas. 

The growing importance of Gas in the Africa Mix, latest market trends

1st February 2018 The 3rd Africa Gas Forum will be taking place on Monday, 19th February 2018 at the Sandton Convention Centre, Johannesburg, South Africa, and is affiliated to African Energy Indaba (AEI) as an official side event. With African economic growth in 2018 making a recovery after a difficult year,... 

UK reaffirms commitment to promote trade and investment with Africa

By: Keith Campbell     19th January 2018 The British government has again given the assurance that it desires a mutually beneficial and thriving trade relationship between the UK and Africa once the country has left the European Union (EU). This was affirmed by Trade Policy Minister (equivalent to Deputy Minister in South Africa) Greg... 

Algeria's Sonatrach signs $500 mln deal with BP, Statoil

By: Reuters     20th December 2017 Algerian state-owned energy company Sonatrach has signed an agreement with BP and Statoil to produce an additional 11 billion cubic metres (bcm) of natural gas from its Tiguentourine gas field, Sonatrach's CEO said on Wednesday. The field produces 9 bcm per year, but more investment is needed to... 

London Stock Exchange CEO quits after TCI, board feud

By: Bloomberg     29th November 2017 Xavier Rolet said he will step down immediately as chief executive officer of London Stock Exchange Group Plc after a weeks-long spat between the board and a hedge-fund activist that demanded he stay in the role. Rolet resigned following a request from the board, and will be replaced in the... 

Ganntas Tunnel, Algeria

By: Sheila Barradas     24th November 2017 The Ganntas Tunnel is the first long tunnel in Algeria and North Africa. 

Global oil exploration dips to 60-year low

By: Natasha Odendaal     1st November 2017 With exploration activity waning, global oil and gas exploration has reached an historic low, according to the latest PwC Africa oil and gas review 2017, which highlights just three new major discoveries in Africa during 2016 and the first half of 2017, compared with 11 in 2015. In 2016, there... 

Rotor blade manufacturing facility officially opens in Tangier

27th October 2017 Wind turbine components manufacturer Siemens Gamesa Renewable Energy (SGRE) officially inaugurated its new rotor blade factory in Tangier, Morocco, earlier this month, at an event chaired by Moroccan Minister of Industry, Investment, Trade and Digital Economy, Moulay Hafid El Alamy, and Siemens... 

US to strengthen energy partnerships in Africa, says US Energy Secretary

By: Kim Cloete     25th October 2017 US Energy Secretary Rick Perry says his government is committed to strengthening its energy partnerships with African countries, but has called for a clear and transparent regulatory environment. “There is no more important message that governing bodies can send to both the US government and the... 

Manufacturing sector bore brunt of industrial cyberattacks in first half of 2017

By: Schalk Burger     4th October 2017 The manufacturing sector emerged as the hardest hit by cyberattacks during the first half of 2017 as the target of one in every three attacks on industrial control system (ICS) computers, global cybersecurity firm Kaspersky Lab said on Wednesday. The Threat Landscape for Industrial Automation... 

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