R/€ = 13.68 Change: -0.23
R/$ = 12.58 Change: -0.11
Au 1257.69 $/oz Change: 9.42
Pt 978.00 $/oz Change: 13.50


EIB backs last-mile power connectivity in Kenya

By: Terence Creamer     Updated 56 minutes ago The European Investment Bank (EIB) has signed a €60-million loan agreement with Kenya to support an ongoing project designed to connecg 300 000 Kenyan households to the national electricity grid. The loan for Kenya Power’s ‘Last Mile Connectivity’ project forms part of a “blended” €180-million... 

Cummins C&G Limited Targets Strong Growth In East Africa

     24th March 2017 The 50:50 joint venture partnership between Cummins and Car & General (C&G), to be known as Cummins C&G Limited, will be fully operational in April 2017. Cummins C&G Limited’s region of responsibility will cover Kenya, Tanzania, Uganda, Ethiopia, South Sudan, Rwanda, Burundi, Djibouti, Eritrea,... 

Metair sees 7% drop in profit, signs supply agreement with Daimler

By: Irma Venter     23rd March 2017 Manufacturer, distributor and retailer of energy storage solutions and automotive components, Metair, has secured a multiyear supply agreement, from 2018 onwards, for the supply of enhanced flooded start/stop batteries to German car maker Daimler, in Europe, says MD Theo Loock. Speaking in... 

World Bank to lend Tanzania $2.4bn over three years for infrastructure projects

By: Reuters     20th March 2017 The World Bank will lend Tanzania $2.4-billion over the next three years to finance infrastructure projects, the bank's president Jim Yong Kim said on Monday. Tanzania is seeking financing for infrastructure projects as part of its plans to transforming the country into a regional transport and... 

Somali pirates release hostages, warn of further attacks

By: African News Agency      17th March 2017 The first hijacking off Somalia’s coast in five years has concluded with eight crew members of a Sri Lankan oil tanker released without the payment of a ransom, three days after they were kidnapped. Despite this incident ending relatively successfully locals from the country’s fishing community... 

Lack of reliable power supply hinders Africa’s growth – trade commission

By: Nadine James     17th March 2017 Despite an uptick in planned power-generation projects, it is still fair to say that Africa lacks reliable power supply, which has prevented the continent’s economies from developing in line with their potential, says Austrian Trade Commission Advantage Austria.  “The effects of the lack of... 

Olkaria V geothermal power plant project, Kenya

By: Sheila Barradas     17th March 2017 The Olkaria V geothermal power plant will expand existing power plant facilities in the Olkaria geothermal field. 

KPMG to take the lead with industry solutions at African Utility Week

     15th March 2017 Generating value and creating agility in the evolving business landscape of power and utilities With the firm’s goal to focus on ‘future proofing’ in an effort to prepare for both foreseeable and  unforeseeable forces that are fundamentally changing the power and utilities industry, KPMG has... 

Mikono Expo Group will Host the Dar Construction Trade Expo and the East Africa Smart Building Summit 2017 in Dar es Salaam,Tanzania!!

     15th March 2017 Tanzanian based company Mikono Speakers under her sister company Mikono Expo Group, which operates in Tanzania, South Africa and other African nations, is hosting the Dar Construction Trade Expo 2017. This esteemed event will take place along with the East Africa Smart Building Conference. More... 

South Australian magnetite consortium finds possible offtake partner

By: Esmarie Swanepoel     13th March 2017 ASX-listed Magnetite Mines has announced the signing of a sale and purchase letter of intent (LOI) between the South Australian Magnetite Consortium and a non-Chinese steelmaker for the purchase of one-million tonnes a year of iron-ore concentrate for pelletising purposes. The South Australian... 

Status change for Kenya airport opens way for direct flights to the US

By: John Muchira     10th March 2017 Kenya’s Jomo Kenyatta International Airport (JKIA) has been granted Category 1 status by the US Federal Aviation Administration (FAA), paving the way for airlines to operate direct flights between JKIA and airports in the US. This followed a meticulous assessment by the FAA and other US agencies. 

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... 

Exxon to buy stake in gas block offshore Mozambique for $2.8bn

By: Reuters     9th March 2017 Exxon Mobil Corp said on Thursday it would buy a 25% stake in a natural gas-rich block, offshore Mozambique, from Italy's Eni for $2.8-billion in cash. The offshore gas reserves discovered by Eni in Mozambique are large enough to need a giant liquefied natural gas (LNG) export plant. 

Shanta confident of Q2 maiden resource for Nkuluwisi

By: Natasha Odendaal     8th March 2017 A maiden resource for the Nkuluwisi prospect, located near the New Luika gold mine, in southwest Tanzania, is on track for delivery in the second quarter of 2017, Aim-listed Shanta Gold said on Wednesday. The reverse circulation (RC) drilling results of the Nkuluwisi mineralised target are... 

Altron selects MTN’s Nyati to replace Venter as CEO, narrows FY16 losses

By: Natasha Odendaal     8th March 2017 Following a rigorous recruitment process and a global search for a suitable candidate, MTN South Africa (SA) CEO Mteto Nyati has been appointed the new group CEO of JSE-listed Allied Electronics (Altron), effective no later than July 1. Nyati, who will succeed outgoing Altron CEO Robbie Venter,... 

Elephant hunter Randgold walks the talk in Africa

By: Henry Lazenby     7th March 2017 The industry is constantly reducing the quality of its asset base and the only way to reverse the trend is to restart the “exploration engine”, Randgold Resources CEO Mark Bristow said in Toronto this week. “It is misguided to think that cutting back on exploration is a good idea, because it... 

Commission refers alleged collusion case against shipping line to tribunal

By: Megan van Wyngaardt     6th March 2017 The Competition Commission of South Africa has referred a case of alleged price fixing, market division and collusive tendering against Kawasaki Kisen Kaisha to the Competition Tribunal for prosecution. The commission alleged that the Japanese company, operating in South Africa, along with Mitsui... 

Secret of the Kibali mine – flying people in and gold bars out

By: Bloomberg     6th March 2017 Randgold Resources had to haul heavy equipment more than 1 000 miles to build the roads and hydropower plants needed to construct its Kibali gold mine, the biggest in Democratic Republic of Congo. The sprawling facility in a remote corner of a country the size of Western Europe is a high-tech... 

South African maize production doubles despite droughts worsening across East Africa

By: African News Agency      3rd March 2017 As drought and worsening food security hits swathes of East Africa, maize harvests in Southern Africa, previously slashed by El Niño, are forecast to recover this year, with South Africa’s output expected to increase by more than 50 percent from 2016. A new United Nations (UN) report states that... 

Africa slump not grounds for ‘excessive pessimism’

By: Bloomberg     3rd March 2017 The student is halfway through her question to Christine Lagarde when the power cuts – a reminder of the obstacles facing Africa’s poorest nations. The head of the International Monetary Fund (IMF) doesn’t miss a beat. “As you can see, building better infrastructure – roads, the Internet,... 

Ethiopian Airlines receives backing for big growth plan

By: John Muchira     3rd March 2017 Plans by Africa’s fastest-growing carrier, Ethiopia Airlines, to double its size by 2025 have received a major boost in the form of a $159-million loan from the African Development Bank (AfDB) to fund its fleet expansion efforts. The loan, which is backed by the African Trade Insurance Agency... 

GM plans to sell stake in East African unit to Isuzu

By: Reuters     1st March 2017 General Motors Co on Tuesday said it plans to sell its majority ownership stake in General Motors East Africa to its Japanese partner Isuzu Motors Ltd, as the US carmaker continues to streamline by exiting non-core operations. Isuzu will acquire GM's 57.7% stake in the unit in Kenya, which... 

Mitsubishi Hitachi to supply turbines for 140 MW Kenyan geothermal plant

By: Reuters     28th February 2017 Japan's Mitsubishi Hitachi Power Systems said on Tuesday it and two other firms had won an power generation plant order including two 70 megawatt turbines from Kenya Electricity Generating Company. Last year, KenGen said it expected to start the construction of the 140 MW plant, known as Olkaria... 

DEHN Africa extends CPD course to Kenya

     27th February 2017 Lighting and surge protection solutions provider, DEHN Africa recently hosted its first CPD seminar in Nairobi, Kenya, with the assistance of the Institute of Engineers of Kenya (IEK). DEHN Africa frequently holds seminars, training and workshops as part of its education institution, DEHNacademy.... 

Busega–Mpigi express highway project, Tanzania

By: Sheila Barradas     24th February 2017 The project involves the construction of a 23.7 km four-lane express highway. 

MENA region to account for big proportion of 3% growth

     24th February 2017 Last month, international consultancy company Deloitte projected a growth of more than 3% in global defence spending in 2017 after years of declining budgets. 

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... 

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... 

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