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Africa one of only two regions achieving FDI project growth – EY

By: Anine Kilian     Updated 6 hours ago Sub-Saharan Africa remains one of the fastest growing regions in the world according to advisory firm EY’s 2016 Africa attractiveness programme, entitled Staying the course. This is reflected in the foreign direct investment (FDI) levels in 2015, where FDI project numbers increased by 7%. 

Tanzania gets $7.6bn loan from China's Exim Bank for railway

By: Reuters     21st July 2016 Tanzania has secured a $7.6-billion loan from China's Export-Import Bank (Exim) to build a railway line that will link it to its neighbours, President John Magufuli's office said on Wednesday. Tanzania wants to profit from its long coastline and upgrade its rickety railways and roads to serve... 

Imperial’s Health Initiatives Working For Good In Africa

     19th July 2016 As a major sponsor of AIDS 2016, the international AIDS conference being held in Durban from the 18th to 22nd of July, Imperial believes in improving and facilitating healthcare across Africa. Says Dr Iain Barton, Imperial’s Group Business Development Executive for Healthcare, “it is vitally... 

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... 

Safaricom uses Nokia Customer Experience Management on Demand to differentiate its services in Kenya

     14th July 2016 Uses CEM on Demand to understand and improve the daily network experience of each Safaricom customer Prioritises network investments based on customer experience insights including cell/MSISDN level details that guide decisions like which sites to upgrade first to 3G or 4G Has greatly improved... 

Black & Veatch eyeing South Africa’s gas-to-power opportunity

By: Terence Creamer     12th July 2016 Despite falling electricity demand in South Africa, global engineering, procurement and construction (EPC) group Black & Veatch remains optimistic about prospects for the country’s power market, as well as energy prospects across Africa, where increased attention is being given to addressing the... 

Africa’s Premier Aerospace And Defence Spectaculor Exhibition Aims To Unlock Markets On The Continent

     8th July 2016 The growth potential of the African aerospace and defence markets will be highlighted during the largest exhibition focusing on these industries on the continent hosted in Tshwane in September. The 9th edition of Africa Aerospace & Defence – AAD 2016 – is returning to the Air Force Base... 

Base achieves near-record production, ups 2017 guidance on all commodities

By: Samantha Herbst     8th July 2016 Following consistent production rates achieved at its Kwale mineral sands operation in Kenya, East Africa, over the June 2016 quarter, dual-listed Base Resources has decided to increase its production guidance for the 2017 financial year (FY) across all mineral sands, namely rutile, ilmenite and... 

Metair says acquisition extends its reach into renewable energy

By: Irma Venter     8th July 2016 Manufacturer, distributor and retailer of energy storage solutions and automotive components, Metair, has acquired 25% of Kenya-based Associated Battery Manufacturers East Africa (Abmeal), and its subsidiaries, at a price tag of $7.3-million. “This transaction ticked critical boxes for us as it... 

Turner & Townsend turns to Kenya

By: Creamer Media Reporter      7th July 2016 Global construction and management consulting firm Turner & Townsend has taken another step in its African growth and expansion strategy by launching an office in Kenya. As growth in Africa, and in particular East Africa, increased, it provided Turner with a “major catalyst” for its own growth... 

Eyes on Africa in Aecom strategy shift 

By: Natasha Odendaal     7th July 2016 Professional and technical services firm Aecom planned to leverage its extensive base in South Africa to expand its presence across Africa in a strategy that could see the company’s revenue from the continent doubling from $150-million in the next few years. Speaking on the sidelines of a... 

Tullow issues convertible bonds to attract new investors, shares dive

By: Reuters     6th July 2016 Africa-focused oil explorer Tullow Oil has issued convertible bonds worth $300-million, a move it said was designed to diversify its investor base, sending its shares to the lowest in nearly three months. The bonds, due in 2021 and offered at a conversion price set at a 30% to 35% premium to the... 

Shanta completes second drilling programme at Ilunga

By: Natasha Odendaal     6th July 2016 Aim-listed Shanta Gold completed a second round of drilling as part of its ongoing exploration programme in and around its flagship asset, the New Luika gold mine, in the Lupa goldfield, in south-west Tanzania. Following the “encouraging” Phase 1 drilling programme at the Ilunga mineralised... 

Engen’s Agnes Yahuma scoops prestigious fellowship

     1st July 2016 The American Embassy in Kenya recently contacted Agnes Yahuma – Engen’s head of supply in the country - to confirm her attendance of the prestigious Mandela Washington Fellowship Programme. The Mandela Washington Fellowship for Young African Leaders is a programme backed by the United States... 

Advances in energy-storage technology, burgeoning electric car market driving lithium and graphite uptake

By: Mia Breytenbach     1st July 2016 Advances in energy-storage technology and rising demand for batteries from the global electric vehicle (EV) market are driving the need for technology minerals – such as lithium and graphite – which are increasingly used in lithium-ion batteries. The sectors mining these industries are “young and... 

Metair acquires 25% of East African battery and solar power group

By: Irma Venter     27th June 2016 Manufacturer, distributor and retailer of energy storage solutions and automotive components, Metair, announced on Monday that it had acquired 25% of Kenya-based Associated Battery Manufacturers East Africa (Abmeal), and its subsidiaries, at a price tag of $7.3-million. “This transaction ticked... 

Shanta starts New Luika decline development

By: Natasha Odendaal     27th June 2016 The decline development at the New Luika gold mine has started after Aim-listed Shanta Gold secured all the required approvals for the Tanzania mine to move from a surface operation to a high-grade underground mining operation. The East Africa-focused gold producer, developer and explorer was... 

Conference celebrates 19 years of success

By: Victor Moolman     24th June 2016 The longest running rail conference and exhibition in Africa, Africa Rail, will mark its nineteenth year of existence, says international business to business media company Terrapinn. 

Summit brings governments, operators and investors together

     24th June 2016 Regional and international stakeholders for East and Central Africa's transport infrastructure sector will be gathering once again at the seventh East & Central Africa Roads & Rail Infrastructure Summit 2016 (Roads & Rail 2016) to be held on September 27 and 28 in Dar es Salaam, in Tanzania. 

Truck group seeks to regain lost market share after restructuring

By: Irma Venter     24th June 2016 Following a slump in truck sales in South Africa in 2015, MAN Truck & Bus South Africa (SA) and MAN Sub-Equatorial Africa MD Markus Geyer is confident the company can win back its lost market share “within a year”. The local arm of the German group sold 1 317 trucks in South Africa in 2015, at a... 

Improved Healthcare Delivery Models across Africa Transform the Industry, Says Frost & Sullivan

     22nd June 2016 The pharmaceutical industry, followed closely by healthcare information technology (IT), in Africa is predicted to experience substantial growth in 2016. A host of factors are anticipated to have a positive effect on the African healthcare industry. Increased investment in both the pharmaceutical... 

MTN announces new group CEO, several board posts

By: Natasha Odendaal     20th June 2016 Telecommunications giant MTN on Monday announced the appointment of Rob Shuter as group president and CEO following  a global search in the wake of the resolution of the “Nigerian dispute”. Shuter would assume the new role by no later than July 1, 2017, as he wrapped up his current obligations as... 

East African Power Industry Convention announces platinum sponsorship by Lucy Electric

     20th June 2016 “This is a very exciting time for the electricity sector across East Africa and at Lucy Electric we hope to play a key part in helping to make this a reality” says Phil Dingle, Marketing Director, Lucy Electric, a global secondary distribution leader in the electricity sector and a platinum... 

Trends Driving the African Automotive Industry in 2016 and 2017

     14th June 2016 The global automotive business is in its most disruptive era since the advent of the industry over a century ago, creating an abundance of opportunities for new and established companies in the global automotive market. Frost & Sullivan anticipates the market to grow by 2%, reaching 91 million... 

Dangote eyes aggressive market share gains

By: Natasha Odendaal     13th June 2016 Cement producer Dangote Cement is aggressively targeting 60% market share in all countries where it operates as it cuts prices, doubles its production and expands it geographic footprint over the next three years, positioning itself to benefit from the 6.1% cement demand growth expected from... 

Upscaled infrastructure and regional integration needed in Africa

     10th June 2016 Africa is urbanising at a rapid pace, which means infrastructure such as bypasses, bridges, new highways and new technologies needs to be deployed in congested areas where traditional methods cannot work, notes Africa-focused consultancy Africa House director Duncan Bonnett. 

MAN aims to win back lost market share; van on the horizon

By: Irma Venter     8th June 2016 Following a slump in truck sales in South Africa in 2015, MAN Truck & Bus South Africa (SA) and MAN Sub-Equatorial Africa MD Markus Geyer is confident the company can win back its lost market share “within a year”. The local arm of the German group sold 1 317 trucks in South Africa in 2015, at a... 

Entrepreneurs navigating economic uncertainty better than large corporates – EY

By: Samantha Herbst     6th June 2016 In an environment where individual companies are being transformed by the disruptive force of technology, and where entirely new sectors are being created, entrepreneurs are becoming increasingly pivotal to global job creation, according to EY global chairperson Mark Weinberger. In a statement... 

South African industry has new infrastructure opportunities in Sub-Saharan Africa if they take long term view

By: Creamer Media Reporter      6th June 2016 In the face of growing international competition in Sub-Saharan Africa, South African-based companies need to take a long-term strategic view of the region and how best to take advantage of the opportunities presented by the demographic, industrial and energy evolution that is taking place. “Low... 

Mondi to acquire 90% stake in Turkish consumer packaging company

By: Creamer Media Reporter      2nd June 2016 Packaging and paper group Mondi will acquire a 90% interest in Turkish consumer packaging company Kalenobel for €90-million. “The acquisition of Kalenobel supports the growth of our consumer packaging business, broadening our product portfolio and geographic reach to better serve our customers in... 

Five-year funding plan to overcome challenges

     20th May 2016 Independent global charitable foundation, the Wellcome Trust has committed £21-million to the Developing Excellence in Leadership, Training and Science (Deltas) Africa initiative, which aims to improve health in Africa through research driven by the most urgent regional challenges. 

UN expert urges African utilities to improve policies, pricing

By: Kim Cloete     17th May 2016 African power utilities have been urged to adopt good policies and pricing and be at the forefront of change or risk being left behind. “Africa contributes less than 3% of manufacturing globally. That is unacceptable. Our population will be 1.4-billion by 2030 and two-billion by 2050. We need to... 

South African Industry Has New Infrastructure Opportunities In Sub-Saharan Africa If They Take Long-Term View

     16th May 2016 In the face of growing international competition in Sub-Saharan Africa, South African-based companies need to take a long-term strategic view of the region and how best to take advantage of the opportunities presented by the demographic, industrial and energy evolution that is taking place. “Low... 

Tanzania aiming to become East Africa’s regional transport hub

By: John Muchira     13th May 2016 Tanzania is determined to implement transport infrastructure megaprojects in a bid to become East Africa's regional transport hub. The country, which is investing massively in port, airport and railway projects, has earmarked $445.6-million in the current financial year budget for the... 

World Bank suggests new measure to address effects of drought in African dry-lands

By: African News Agency      11th May 2016 The World Bank says irrigation, improved crop production technologies, soil fertility management and adding trees to current farming systems could help reduce the impact of drought in Africa’s dry-lands by half and help save an estimated 5.5-million people annually from food insecurity. In a new... 

BASF increases its footprint in Ivory Coast

     11th May 2016 BASF, the world's leading chemical company, establishes a legal entity in Ivory Coast to enable future growth opportunities. BASF is looking at Ivory Coast as the hub country for West Africa French Speaking countries and has expanded its capabilities considerably to continue innovating in this... 

Car and bakkie exports into Africa declined for third year running in 2015

By: Irma Venter     6th May 2016 South African car and bakkie exports into Africa declined for the third year in a row in 2015, falling from 79 228 units in 2012, to 77 589 units in 2013, 60 189 units in 2014, and 41 446 units last year – this according to the Automotive Industry Export Council’s newest Automotive Export Manual,... 

Ethiopia likely to face green opposition over new hydropower plan

By: John Muchira     6th May 2016 Ethiopia could be headed for another round of confrontation with environmentalists following the announcement of plans to construct another hydropower plant on the contested Omo river. The Horn of Africa nation managed to silence conservationists opposed to the Gilgel Gibe III project, which... 

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