R/€ = 13.71 Change: 0.06
R/$ = 12.99 Change: 0.06
Au 1236.67 $/oz Change: 3.97
Pt 998.00 $/oz Change: -1.50


Electrifying rural areas offers opportunity for skills development

By: Megan van Wyngaardt     22nd February 2017 African governments’ growing implementation of minigrids to electrify rural areas creates the opportunity for innovation and skills development to operate these grids, Emergent Energy renewable-energy consultant Adele Boadzo says. In a panel discussion on skills development in the energy sector... 

Noncommunicable diseases present African pharmaceutical industry with a $40bn opportunity

By: Megan van Wyngaardt     20th February 2017 The growing incidence of noncommunicable diseases (NCDs) across sub-Saharan Africa, such as cardiovascular disease, cancer, diabetes and respiratory disease, in addition to infectious and parasitic illness, will present the pharmaceutical industry in Africa with a business opportunity of... 

Solar-powered Africa 'never more possible and less expensive' – energy chief

By: Reuters     20th February 2017 A “solar revolution” is coming to Africa, comparable in scale and importance to the rapid surge in mobile phone use on the continent two decades ago, predicts the head of the International Renewable Energy Agency. Fast-dropping costs for solar power, combined with plenty of sun and a huge need... 

African Utility Week Industry Awards include new gas, small scale and ICT categories to reflect evolution of energy and water sectors

     20th February 2017 Nominations are open for top industry professionals and projects   “I know the energy revolution is powering up and ready to take off. We should embrace energy trade with each other”.  With these words Mr Kandeh Yumkella, UN Under-Secretary-General and Former Special Representative of the... 

Exponential increase in the number of power generation projects

By: Nadine James     17th February 2017 The African continent’s large energy deficit has resulted in an exponential increase in the number of power generation projects – both planned and implemented – as well as the number of stakeholders which are a consequence of renewed commercial interest in the African energy sector, says... 

Pioneer Foods feels headwinds from drought, soft economy

By: Megan van Wyngaardt     10th February 2017 While the local economy was hit by the long-standing drought and softer trading conditions, increasing inflation has seen JSE-listed Pioneer Foods increase its group turnover by 5.1% for the four months to January 31, with a 7.6% increase in South African turnover. However, contracting volumes... 

First organic coolant in the lubrications market

By: Kimberley Smuts     10th February 2017 The correct coolant chemistry is vital in maintaining the longevity of engines, says diesel engine and technology specialist Cummins Filtration technical services support lead - Africa Tim Hayward, explaining that coolants increase the lifespan of engines by removing compounds that are difficult... 

Tanzania set to proceed with Dar port expansion

By: John Muchira     10th February 2017 Tanzania is set to proceed with the long-stalled expansion of the Dar es Salaam port, after securing funding from the World Bank. Two years after breaking ground, the project has been in doubt until recently, when the Bretton Woods institution approved a $305-million loan for the project. 

SAP Skills for Africa adds 101 students to digital workforce

     7th February 2017 Students, SAP Africa partners, customers and executives gathered at Eskom’s Megawatt Park in Sandton for the SAP Skills for Africa graduation ceremony which celebrated the completion of an intense three-month digital skills training programme. Now in its sixth chapter, the job creation initiative... 

Importance of gas in global energy arena set to increase

By: Simone Liedtke     3rd February 2017 In the medium term, the importance of gas in the global energy mix is set to increase, owing to the growth in global liquefied natural gas (LNG) supply and a more flexible global market, says advisory firm KPMG energy economist Dr Requier Wait. 

Uganda says funding secured for new standard-gauge railway line

By: John Muchira     3rd February 2017 As Kenya gears up to commission the first phase of a standard-gauge railway (SGR) line running from the coastal city of Mombasa to Nairobi, the capital city, in June, neighbouring Uganda has closed financial agreements with Exim Bank of China for the construction of its own SGR line, which will... 

AIIM acquires stake in DCG

By: Anine Kilian     2nd February 2017 African infrastructure equity investment manager African Infrastructure Investment Managers (AIIM) has acquired a 60% interest in dry bulk terminal operator DSM Corridor Group Tanzania (DCG), in the Port of Dar es Salaam, in Tanzania. “The port and surrounding infrastructure is set to be... 

Africa Power Roundtable to consider continent’s power challenges, opportunities

     27th January 2017 The upcoming Africa Power Roundtable (APR) will seek to further address challenges such as regulatory certainty to enable investment in long-term grid connected power projects on the continent. The event, to be held in Sandton on February 1 and 2 and sponsored by investment and advisory company... 

World Bank approves $225m loan for Tanzania's water sector

By: Reuters     27th January 2017 The World Bank's board of executive directors has approved a $225-million loan to Tanzania to improve water supply in the African nation's commercial capital Dar es Salaam, the bank said.     Tanzania plans to raise $900-million in fiscal year 2016/17 to fund public investment projects in the... 

Strong developmental flavour to Africa’s tentative adoption of IoT solutions

By: Natasha Odendaal     27th January 2017 The concept of the Internet of Things (IoT) is beginning to penetrate Africa, where adoption, albeit patchy and hesitant, is underpinned primarily by a developmental agenda, as well as efforts by firms to bolster productivity and efficiency. The continent’s unique socioeconomic and business... 

Solar opportunities raised at exhibition

     27th January 2017 After the success of Solar Africa 2015, at the Kenyatta International Convention Centre (KICC) in Nairobi, Kenya, organiser of trade events Expogroup announced the return of Solar Africa 2017 from June 10 to 12. Expogroup highlights that one of the major challenges in the renewable energy... 

Strong developmental flavour to Africa’s tentative adoption of IoT solutions

By: Natasha Odendaal     27th January 2017 As the Internet of Things (IoT) embeds its early-stage unique shape across Africa, one thing is certain: the continent cannot afford to fall behind as it approaches the adoption of the interconnected way of life in its own way to drive growth and development. Despite an initially slow, hesitant... 

Shanta Gold achieves record production, costs at New Luika

By: Megan van Wyngaardt     19th January 2017 East Africa-focused gold producer Shanta Gold on Thursday reported that it had beaten full year guidance on both cost and volume at its New Luika gold mine (NLGM), in southwest Tanzania. This follows record gold production of 87 713 oz for the year ended December 31, at an all-in sustaining cost... 

Trial mining starts at Edenville’s Rukwa coal project

By: Megan van Wyngaardt     12th January 2017 Trial mining has started at Edenville Energy’s 120 MW Rukwa coal-to-power project, in Tanzania. The project hosts 171-million tons of measured and indicated coal, sufficient to support a power station over a 30-year project life. 

Africa is poised for sustainable growth and development. But there are risks

     9th January 2017 As we know, growth accelerations are pretty commonplace among developing countries. Economist Ricardo Haussman and his colleagues identified 83 growth accelerations of eight consecutive years at 2% higher than the five-yearly average between the mid-1950s and early 2000s. But most growth... 

Uganda solar PV project on track

By: Megan van Wyngaardt     21st December 2016 Multinational independent power producer Building Energy on Wednesday said it could proceed with the construction of the 10 MW Tororo solar photovoltaic project ins Uganda, as it reached financial close with Dutch development bank FMO for $14.7-million. The project’s shareholders will attribute... 

Shanta ‘strikes gold’

By: African News Agency      17th December 2016 Shanta Gold, the Aim-listed East Africa-focused gold miner, said on Friday that the underground development had intersected first mineralisation at the Bauhinia Creek deposit on Thursday. CEO Toby Bradbury said the New Luika gold mine remained on track to commence first excavation of ore in the... 

Edenville Energy mulls most viable power plant route

By: Natasha Odendaal     14th December 2016 A host of proposals from various engineering, procurement and construction (EPC) companies has enabled Edenville Energy to carefully review options for the most financially viable route to build a power plant at its Rukwa coal-to-power project, in Tanzania. The group on Wednesday said several... 

SYSPRO is Putting Down Roots with a New Office in Nairobi, Kenya

     9th December 2016 Global ERP service provider SYSPRO has opened a new office in Kenya to grow its footprint in the East African region and demonstrate its commitment to the company’s local partners and customers. According to Zaren Ramlugan, SYSPRO Channel Sales Manager for Africa, SYSPRO is delighted to finally... 

Coral discovery (Coral South) development project, Mozambique

By: Sheila Barradas     9th December 2016 The first-phase development of the Coral discovery has been approved by Eni. 

SASSDA Facilitates Cross Border Initiatives With Leading Kenyan Stainless Steel Fabricator

     5th December 2016 A sassda facilitated visit by one of its members, Kenyan-based stainless steel fabricator Desbro Engineering to a number of South African counterparts has resulted in a training partnership between the South African Institute of Welding as part of a joint initiative to boost the skills base... 

Edenville coal sampling results show power plant feed potential

By: Natasha Odendaal     5th December 2016 The latest sampling and wash test results are validating the initial positive results of the recent bulk sampling programme at the Rukwa coal-to-power project, in Tanzania, Aim-listed Edenville Energy said on Monday. The results from seam MK1, which followed closely on that of the seam MK2... 

Infrastructure-focused legal firm sets up Africa practice

By: Terence Creamer     5th December 2016 International law firm Pinsent Masons is formally establishing its African office in Johannesburg, from where it plans to pursue continental opportunities in the areasof infrastructure, energy and technology. The firm, which is domiciled in the UK, is a specialist infrastructure practice... 

BASF appoints new South Africa MD, country cluster head

By: Megan van Wyngaardt     1st December 2016 International chemicals company BASF has appointed Benoit Fricard South Africa MD and Southern Africa country cluster head. He joined the organisation in 2002 and most recently held the position of BASF South America performance materials director. 

Debt capital markets in Africa remain resilient, says Standard Bank

By: Megan van Wyngaardt     1st December 2016 A review of the continent’s activity in debt capital markets by financial services provider Standard Bank reveals continued growth in issuance, including the evolution of new asset classes, which speak well to both the resilience and future growth prospects of Africa’s debt capital markets. Debt... 

BASF South Africa announces the appointment of new Managing Director and Country Cluster Head for BASF in Southern Africa

     1st December 2016 BASF recently announced the appointment of Benoit Fricard as Managing Director of BASF South Africa and Country Cluster Head for Southern Africa. Fricard, who holds a Betriebswirt (FH) Diploma and a Master’s Degree in Economics as well as a MBA, joined the organization in 2002 and has... 

Seacom’s business unit gains traction 

By: Natasha Odendaal     30th November 2016 Pan-African telecommunications firm Seacom has gained better-than-expected momentum in its quest to grow its enterprise segment, with the well received establishment of the second unit opening up the East African market. The business unit, which launched its full set of business offerings to the... 

AfDB appoints new regional director-generals to roll out business plans

By: Megan van Wyngaardt     25th November 2016 The African Development Bank (AfDB) has appointed Dr Tonia Kandiero as DG of its Southern Africa regional development and business delivery office, effective December 1. The office forms part of the AfDB’s new business approach to accelerate its business and development impacts across the continent. 

Gold from woodchips, grease, mine muck surprises on upside 

By: Martin Creamer     21st November 2016 The recovery of gold from mine waste at Goldplat Recovery in Benoni generates a surprisingly high level of revenue while simultaneously protecting the environment and providing hundreds of valuable jobs. The London Aim-listed Goldplat, a bona fide junior producer from secondary material, last... 

Zanzibar Amber Resort project, Tanzania

By: Sheila Barradas     18th November 2016 The project involves the construction of a resort that will host an array of premium residency options. 

Shanta receives $5.25m silver streaming payment

By: Anine Kilian     17th November 2016 East Africa-focused gold producer Shanta Gold has received an advanced payment of $5.25-million as part of a silver streaming agreement (SSA) with privately held Guernsey-based investment company Silverback. The SSA was signed in May. 

Pioneer Foods enters East African cereal market

By: Megan van Wyngaardt     16th November 2016 JSE-listed Pioneer Foods is acquiring a 49.8% interest in UK food processing company Weetabix’s East Africa distributing company. The Kenya-based company has been in operation for over 40 years and has about 13 brands in its portfolio. Last year, the business invested £1.6-million in a capacity... 

Ericsson’s latest Mobility report shows Africa’s IoT potential

By: Natasha Odendaal     16th November 2016 Africa’s reliance on mobile technology, as opposed to fixed-line technology, is a significant contributing factor in the rapid growth of mobile subscriptions, with the continent accounting for 15-million of the 80-million new mobile subscriptions recorded in the third quarter. Nigeria has led the... 

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