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Rosatom says planned Egypt nuclear plant to cost $21bn

By: Reuters     11th December 2017 Russian state nuclear company Rosatom said on Monday a power station it will build in Egypt will cost up to $21-billion and is expected to be finished by 2028/29. Russian President Vladimir Putin and his Egyptian counterpart Abdel Fattah al-Sisi will sign an agreement on the project on Monday,... 

Exxon eyes Egypt's offshore oil and gas – sources

By: Reuters     4th December 2017 Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals' success in the country and boost its reserves, officials and industry sources said. Officials from the world's largest listed oil producer recently held talks with Egypt's petroleum ministry to... 

Grand Ethiopian Renaissance Dam, Ethiopia

By: Sheila Barradas     24th November 2017 Negotiations on how to conduct technical studies of the dam’s potential impact on the downstream countries – Egypt, Sudan and Ethiopia – have broken down. 

Egypt, Ethiopia deadlocked on dam studies 

By: African News Agency      20th November 2017 Egypt and Ethiopia have reached a deadlock in further studies on the effects of the Ethiopian Grand Renaissance Dam (GERD) on downstream countries, Egyptian Al Ahram newspaper reports. This information was conveyed by Egyptian Foreign Minister Sameh Shoukry to US Secretary of State Rex Tillerson... 

Johannesburg ranked most visited city in Africa

By: African News Agency      10th October 2017 South Africa’s most-populated city, Johannesburg, has emerged as the most popular destination city in Africa in 2016 followed by Cape Town, according to the annual Mastercard Global Destination Cities Index released on Tuesday. The Mastercard Global Destination Cities Index showed that... 

Infrastructure initiative garners support from nine African presidents

By: Natasha Odendaal     21st August 2017 Spearheaded by South Africa’s President Jacob Zuma, the Presidential Infrastructure Champion Initiative (PICI), aimed at accelerating regional trade and unlocking the economic potential of the continent, now has nine African presidents on board, with ten projects in the spotlight as Africa... 

Africa urged to focus on attracting more FDI

By: Anine Kilian     28th July 2017 Improving the quality of life for people in Africa is a key goal of the African Development Bank and this will require the continent to attract more foreign direct investment (FDI). Addressing delegates at the second Gauteng Infrastructure Investment Conference, in Midrand, on Friday, University... 

Africa’s rail development key to growth in intra-Africa trade

By: Natasha Odendaal     14th June 2017 A lack of efficient rail infrastructure and a rail “disconnect” were inhibiting dealings within the continent and contributing to struggling intra-African trade growth, Common Market for Eastern and Southern Africa-Alliance for Commodity Trade in East and Southern Africa trade and market director... 

Gulf of Suez wind farm project, Egypt

By: Sheila Barradas     19th May 2017 The project entails the construction of a 200 MW wind farm. 

Cross-border power to boost African economies

By: Robyn Wilkinson     21st April 2017 With the announcement of an ambitious power project to connect Cape Town and Cairo within the next three years by regional orhganisation the Eastern Africa Power Pool, the opportunities for reliable cross-border electricity generation are once again in the spotlight, says power generation... 

Mall of Egypt project, Egypt

By: Sheila Barradas     13th April 2017 This Mall of Egypt will be one of the biggest shopping centres in North Africa. 

What to expect on trade agreements front in 2017

By: Taapano Paradza      17th March 2017 As far as trade agreements are concerned, 2016 was an unprecedented year, with significant activity occurring that had never been witnessed in the past decade. The Economic Partnership Agreement with the European Union and South Africa’s first trade agreement with South America, the Common Market... 

Africa’s Biggest Coatings Show Entrusted To Major Global Expo Organisers

     9th March 2017 Leading international exhibitions organisers, dmg events - Middle East, Asia & Africa, will in June next year stage Coatings for Africa 2018, the largest event for its industry on the continent. Coatings for Africa – the longest-running coatings event in Africa - is jointly presented by the SA... 

South Africa to be ‘resolute’ in using tariffs to protect domestic industry 

By: Terence Creamer     15th February 2017 South Africa will be “resolute” in using tariffs to defend domestic industry and support industrial development, particularly in light of moves towards greater protectionism in other countries, Trade and Industry Minister Dr Rob Davies said in his contribution to the State of the Nation debate on... 

Egypt risks no interest in gold tender as Centamin won’t bid

By: Bloomberg     23rd January 2017 Egypt is at risk of getting no participation in its first exploration tender in gold since 2009 after Centamin, which operates the nation’s only active gold mine, Sukari, and two other companies in the country said they won’t bid. Terms being offered “result in an effective tax rate that is by... 

Fourteen airport rail links planned in Africa, including two more in SA

By: Irma Venter     16th December 2016 There are more than 7 000 airports indexed at the International Air Transport Association (Iata), with 600 of those handling more than 1-million passengers a year. Around 150 of these 600 airports have rail access directly to the terminals, with only 23 of the 150 featuring dedicated,... 

Fourteen airport rail links planned in Africa, including two more in South Africa

By: Irma Venter     15th December 2016 There are more than 7 000 airports indexed at the International Air Transport Association (Iata), with 600 of those hand- ling more than one-million passengers a year. Around 150 of these 600 airports have rail access directly to the terminals, with only 23 of the 150 featuring dedicated,... 

Prioritizing renewable energy and energy efficiency to accelerate growth in Africa

     7th December 2016 ABB supported a number of pledges signed by world leaders at COP21 in Paris, including a commitment to scale up renewable energy and help emerging economies transition their markets for energy efficient products. At COP22, ABB showed how this commitment translates into solutions and services that... 

Ingeteam launches its new 100 kW three-phase string inverter

     29th November 2016 The inverter is to be showcased at the Solar-Tec fair in Cairo, Egypt Series production is set to commence in June 2017 Ingeteam is finalizing the launch of its new PV string inverter, which will make it possible to achieve a power output of 100 kWAC in a single, 75 kg unit. This inverter will... 

Opportunities for bitumen producers increased in Africa

     2nd September 2016 With there being various commitments to improve infrastructure made by African countries, bitumen producers will be assured of significant work in future, says oil industry company Royal Dutch Shell. According to figures stated in the Roads and Highways overview compiled by international... 

Cairo Solar Farm project, Egypt

By: Sheila Barradas     12th August 2016 The project is part of the first regulatory round of the Egypt's Feed-in Tariff programme, which aims to procure 4 300 MW of renewable-energy capacity. 

Political turbulence overshadowing Egypt’s efforts to increase mining’s share of GDP

By: Ilan Solomons     29th July 2016 Egypt, which seeks to grow its mining sector’s contribution to the country’s gross domestic product (GDP), has become Africa’s second-largest economy after Nigeria, pushing South Africa into third place on the continent. This is according to data released by multilateral organisation the... 

Transport costs undermining African farmers

By: Irma Venter     22nd July 2016 A study shows that agricultural fertiliser can land at the Kenyan Port of Mombasa at $350/t, and then sell for 300% to 400% more 1 000 km inland, says Common Market for Eastern and Southern Africa (Comesa) Alliance for Commodity Trade in Eastern and Southern Africa CEO Argent Chuula. “The same is... 

Cairo Metro Line 3 – Phase 3 project, Egypt

By: Sheila Barradas     22nd July 2016 The works will require the construction of a new tunnel under the Nile river. 

DTI sets up Africa-focused trade unit in bid to grow exports beyond R300bn

By: Terence Creamer     15th July 2016 The South African government believes the launch of a new one-stop-shop to facilitate higher levels of trade and investment in the rest of Africa will help consolidate the continent as the country’s most important market for value-added goods and create the platform for an expansion in exports... 

Intra-African trade costs highest of all developing regions

By: Irma Venter     30th June 2016 A study shows that agricultural fertiliser can land at the Kenyan Port of Mombasa at $350/t, and then sell for 300% to 400% more 1 000 km inland, says Common Market for Eastern and Southern Africa (Comesa) Alliance for Commodity Trade in Eastern and Southern Africa CEO Argent Chuula. “The same is... 

Davies outlines agricultural benefits from new EU trade deal

By: Terence Creamer     17th June 2016 South Africa is “satisfied” that the recently signed Economic Partnership Agreement with the European Union (EU) will lead to improved market access for some additional South African agricultural products, Trade and Industry Minister Dr Rob Davies said at the weekend, reporting that Cabinet had,... 

SA’s relative economic decline undermines its diplomatic ambitions 

By: Keith Campbell     27th May 2016 The news, released earlier this month, that Egypt had become Africa’s second largest economy, pushing South Africa into third place, did not create all that much of a stir. There were two good reason for this. The huge shock had been to lose first place to Nigeria, back in 2014, whose economy was... 

Centamin executive on missing EgyptAir flight

By: Anine Kilian     20th May 2016 An executive of gold mining company Centamin is believed to have been on the ill-fated EgyptAir flight MS804 that disappeared between Paris and Cairo on Thursday.  The British National was believed to have been flying to work for the gold mining company, which owns the Sukari mine, in Egypt. 

WEF leaders campaign to bring Internet to all in Africa

By: African News Agency      4th May 2016 Members from more than 90 hubs of the World Economic Forum’s Global Shapers community, extending from Cape Town to Cairo, are driving a campaign to ensure that all Africans can enjoy the economic and societal benefits of Internet access, the WEF said on Wednesday. The Shapers, a worldwide network... 

Cape Town’s V&A Waterfront swims against sluggish economic tide

By: Kim Cloete     11th March 2016 Cape Town’s V&A Waterfront is bucking the sluggish trend in the national economy. It pulled in over three-million visitors in December alone, has substantially boosted its coffers and has embarked on some dynamic new developments. Retail, commercial, leisure and residential developments are all... 

Cape Town’s V&A Waterfront swims against sluggish economic tide

By: Kim Cloete     11th March 2016 Cape Town’s V&A Waterfront is bucking the sluggish trend in the national economy. It pulled in over three-million visitors in December alone, has substantially boosted its coffers and has embarked on some dynamic new developments.  Retail, commercial, leisure and residential developments are all... 

AU urges Africa countries to scrap visas for other Africans 

By: African News Agency      29th January 2016 The African Union Commissioner for Social Affairs Dr Mustapha Sidiki Kaloko has urged African countries to ease their visa polices to stem migration from Africa to places like Europe by stimulating national and regional economic prospects in Africa. The commissioner specifically praised Rwanda as... 

Airport city development requires more than economic investment

By: Nadine James     22nd January 2016 Airport cities that lack a robust economy, excellent public transport infrastructure and a relatively large and educated population are prone to failure, says independent aviation consultancy Centre for Aviation chief airports analyst David Bentley.  

Grand Renaissance dam hydropower project, Ethiopia

By: Sheila Barradas     8th January 2016 Egypt, Ethiopia, and Sudan signed an agreement finalising the two firms tasked with carrying out studies on the potential impact of Ethiopia's Grand Renaissance Dam on the flow of the Nile. 

Cairo Metro Line 3 project, Egypt

By: Sheila Barradas     4th December 2015 The Cairo Metro Line 3 project involves the construction of two complete rail lines. 

Engineering consultancy introduces integrated earthing for wind energy facilities

     27th November 2015 Engineering consulting firm Hatch Goba has introduced a new approach to integrated earthing for wind energy facilities, using insulated cables to connect the individual wind turbine groundmats to the substation groundmat, taking the equivalent circuit of the entire wind energy facility (WEF) into... 

S Africa to play a key role in creating a nuclear-weapons-free world 

By: African News Agency      5th November 2015 South Africa as the host country for the Headquarters of the African Commission on Nuclear Energy (AFCONE), will in future play a key role in ensuring a nuclear-weapons-free world. The role AFCONE would play on the global stage when it comes to nuclear issues, includes advancing the global... 

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