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Mobile technology transforming Africa, manufacturing needs to step up

By: Anine Kilian     Updated 4 hours ago Mobile technology has been a transformative factor for various sectors across Africa and could bolster the manufacturing industry across the continent, according to former GE Africa senior leader Vishal Agarwal. Addressing the Manufacturing Indaba in Kempton Park on Wednesday, Agarwal noted that,... 

Moving to LPG: summit focuses on LPG in Africa

     27th June 2017 You are invited to join over 500 pan-African energy stakeholders who will participate in the largest conference around LPG and CNG in the region. The fourth edition of the Africa LPG Summit, co-located with CNG-NGV Africa will be staged from 11 - 12 July at Emperor's Palace, Johannesburg. Limited... 

Automakers eye fast-growing East Africa as they set up shop in Kenya

By: John Muchira     23rd June 2017 Global automakers have, in recent years, established assembly plants in Kenya as they seek to increase sales in East Africa, sub-Saharan Africa's fastest-growing region. East Africa, of which Kenya is the biggest economy, is projected by the World Bank to grow by 5.4% in 2017, compared with... 

Djibouti commissions $590m multipurpose port

By: John Muchira     23rd June 2017 Djibouti has commissioned its $590 state-of-the-art Doraleh multipurpose port, at a time when fellow East African nations Kenya and Tanzania are investing heavily in port expansion in a bid to become the region's shipping hub. The new port, which occupies a 690 ha site, comprises 15 berths that... 

Drive supplier remains committed to continent

By: Nadine James     23rd June 2017 German drive engineering group SEW Eurodrive remains committed to Africa despite political and economic instability in parts of the continent, says local subsidiary SEW Eurodrive South Africa (SA). SEW Eurodrive SA MD Raymond Obermeyer says while the political upheaval and economic uncertainty... 

Kenya joins Africa Finance Corporation

By: Megan van Wyngaardt     21st June 2017 Kenya is the latest country to become a member of Pan-African multilateral development finance institution, the Africa Finance Corporation (AFC).   Kenya is the AFC’s fifteenth member and its third East African member after Rwanda and Uganda. The other members are Cabo Verde, Chad, Côte d’Ivoire,... 

Eni finalises $7bn Mozambique gas project investment

By: Bloomberg     16th June 2017 An Eni-led group signed off this month on a $7-billion investment in a project to export natural gas from Mozambique. The country’s President Filipe Nyusi and Eni CEO Claudio Descalzi attended a ceremony in the capital Maputo on June 1 to formally approve the Coral South liquefied natural gas... 

Investment In Correct Infrastructure Is Key To Economic Growth

     15th June 2017 “Think big but act small in the early stages,” said Arup director Damane Hlalele at the Captains of Construction and Infrastructure Leadership Forum held in May 2017 at Gallagher Estate, Midrand. “Investing heavily in incorrect infrastructure and/or in the wrong place can hinder economic growth... 

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... 

Tanzania signs $154m contract with Chinese firm to expand main port

By: Reuters     12th June 2017 Tanzania's government signed a $154-million contract on Saturday with the state-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country... 

$126m loan approved for 75 MW geothermal project in Ethiopia

By: John Muchira     9th June 2017 Ethiopia will soon start building a 75 MW geothermal electricity project, the first of its kind in the Horn of Africa country, which is believed to have massive geothermal potential. This follows the approval of a $126-million loan from the World Bank to implement the project, located at Aluto... 

Lean technology approach helps mattress manufacturer remain competitive

By: Dylan Slater     9th June 2017 Langlaagte-based sleep products manufacturer the Bravo Group’s Sleep Factory attributes its lions’ share of the domestic premium sleep products market to an adoption of low technology processes, low levels of automation and, instead relying on a large labour-intensive workforce and refined... 

Moroccan fossils shake up understanding of human origins

By: Reuters     8th June 2017 The understanding of human origins was turned on its head on Wednesday with the announcement of the discovery of fossils unearthed on a Moroccan hillside that are about 100 000 years older than any other known remains of our species, Homo sapiens. Scientists determined that skulls, limb bones and... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR), in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from earth observation (EO) satellites, to support the... 

GM’s withdrawal from SA to be negative for component suppliers

By: Irma Venter     2nd June 2017 The decision by General Motors (GM) to pull out of South Africa will “have negative consequences on component suppliers to the company’s existing Chevrolet assembly lines”, says National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Renai Moothilal. “We... 

Isuzu sees opportunity as it buys GM’s Port Elizabeth plant

By: Irma Venter     2nd June 2017 US vehicle manufacturer General Motors (GM) has announced that it will disinvest from South Africa as part of a global restructuring process. GM South Africa (GMSA) sells the Opel, Isuzu and Chevrolet brands in South Africa. 

Rezidor opens first Park Inn by Radisson in Rwanda

By: Natasha Odendaal     26th May 2017 The Rezidor Hotel Group has continued its African growth momentum with the unveiling of its first Park Inn by Radisson in Kigali, Rwanda, which is its fifth in East Africa. The newest four-star hotel, which is the second to be opened in the region this year, brings the hotel group’s African and... 

Westcon-Comstor Southern Africa Appoints CEO

     25th May 2017 Westcon-Comstor Southern Africa, a value-added technology distributor of category-leading solutions in Security, Collaboration, Networking, Cloud and Data Centre, has announced that it has appointed Rakesh Parbhoo as CEO of WestconGroup SA, effective 1st August 2017.    Parbhoo will replace Guy... 

Stratex commits further funding to TSR venture

By: Megan van Wyngaardt     19th May 2017 Gold focused exploration and development company Stratex International on Friday agreed to continue funding exploration planned by joint venture (JV) company Thani Stratex Resources (TSR) at its Anbat gold prospect, in Egypt. In 2014, Stratex and Thani Emirates Resource combined their assets in... 

GM’s departure from SA will hurt suppliers, says Naacam

By: Irma Venter     19th May 2017 The decision by General Motors (GM) to pull out of South Africa will “have negative consequences on component suppliers to the company’s existing Chevrolet assembly lines”, says National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Renai Moothilal. “We... 

India, Japan to push for One Belt, One Road counter at AfDB conference 

By: Ajoy K Das     19th May 2017 India will unleash its highest level of economic diplomacy at next week’s African Development Bank (AfDB) conference in the western city of Ahmedabad, with the aim of setting quantifiable targets of international economic and trade cooperation between the continents in a bid to counter China’s... 

South Africa remains largest FDI hub in Africa, report shows

By: Mia Breytenbach     19th May 2017 South Africa remains the leading foreign direct investment (FDI) destination in Africa, with a 6.9% increase in FDI projects in 2016, according to financial services advisory firm EY’s latest ‘Africa Attractiveness’ report, published earlier this month. The report provides an analysis of FDI... 

General Motors pulls out of SA, GMSA to become Isuzu Motors SA

By: Irma Venter     18th May 2017 US vehicle manufacturer General Motors (GM) on Thursday announced that it would disinvest from South Africa as part of a global restructuring process. GM South Africa (GMSA) sells the Opel, Isuzu and Chevrolet brands in South Africa. 

Rwandan authority fines MTN subsidiary $8.5m

By: Creamer Media Reporter      17th May 2017 The Rwanda Utilities Regulatory Authority has fined MTN Rwanda $8.5-million owing to its noncompliance with directives prohibiting the inclusion of MTN Rwanda in the MTN South and East Africa information technology hub, based in Uganda. MTN Rwanda is studying the notification of the fine and says... 

Vodacom bolsters international portfolio with R35bn Safaricom stake buy

By: Natasha Odendaal     15th May 2017 The pending acquisition of a 35% stake in Kenya’s largest telecoms group Safaricom will secure JSE-listed Vodacom a high-growth market that is as large as all of its international subsidiaries combined. The R35-billion deal, expected to be concluded in August, presented South Africa’s largest... 

Vodacom eyes R35bn acquisition of 35% stake in Safaricom

By: Natasha Odendaal     15th May 2017 JSE-listed Vodacom, which reported steady growth for the financial year ended March 31, on Monday announced the acquisition of an indirect 34.94% stake in Kenya-based Safaricom for R34.6-billion. The transaction will result in Vodacom buying out 87.5% of Vodafone Kenya, which holds a 39.93% in... 

Ethiopia says it will continue to support cement investments

By: John Muchira     12th May 2017 Ethiopia will continue to offer investors in the cement industry attractive incentives as it seeks to dominate the cement trade in the wider East Africa region. Cement production in the Horn of Africa nation has increased tenfold during the past decade, owing to the entry of new investors... 

Mombasa-to-Nairobi rail line set for commissioning

By: John Muchira     12th May 2017 Kenya is gearing up for a new era in railway transport with the impending commissioning of a standard-gauge railway (SGR) system on June 1. The East African nation has depended on a dilapidated metre-gauge railway line for more than a century, but that is about to change, following the completion... 

Atlas Copco’s sale of Road Construction Equipment leads to establishment of Dynapac South Africa

     8th May 2017 The Atlas Copco Group has sold its global Road Construction Equipment Division, including the Dynapac brand name, to the number one construction Group in France and world-leader in road construction equipment, Fayat Group. The Road Construction Equipment division became part of Atlas Copco‘s... 

Challenged renewable energy sector growing rapidly in Africa

By: Johane Turkstra     5th May 2017 The renewable energy sector has grown rapidly in the last four years and has delivered over 5 000 MW in South Africa alone, owing to the completion of about 80 renewable energy projects, says financial services company Thomson Reuters. “Renewables will receive considerable attention at African... 

Company to extend financial services into East and West Africa

By: Robyn Wilkinson     5th May 2017 As part of its strategic ambition to position itself as a leading Pan-African financial services leader, specialised financial services group Alexander Forbes is exploring opportunities for expansion in East and West Africa, as well as further afield in greenfield countries such as Morocco. 

EIB provides €95m support for East African entrepreneurs

By: Mia Breytenbach     5th May 2017 The European Investment Bank (EIB) has signed two new credit lines for East-Africa for €95-million, or about Kshs(Kenyan Shilings)10.45-billion, to be made available through financial institutions Equity Bank and HFC Limited to support smaller local projects in Kenya, Tanzania, the Democratic... 

Platinum sponsor returns to African Utility Week

     5th May 2017 Conference and trade exhibition African Utility Week has welcomed back a long-standing supporter - global energy giant Shell. The oil company will again be a platinum sponsor at the conference and exhibition from May 16 to 18, in Cape Town. 

Telecommunications giant sponsors African Utility Week

     5th May 2017 Telecommunication provider Huawei has signed a platinum sponsorship with African Utility Week (AUW), which is the leading conference and trade exhibition for African power, energy and water professionals, taking place from May 16 to 18 at the Cape Town International Convention Centre.  

Wireless communication to drive economic growth in Africa

By: Robyn Wilkinson     5th May 2017 Large-scale information communication technology (ICT) investment can play a crucial role in fuelling gross domestic product growth through increased economic activity, innovation and productivity, but government, the private sector, donors and civil society need to take bolder steps to... 

Africa investment outlook promising – survey

By: Natasha Odendaal     3rd May 2017 A new survey has shown that the investment outlook across Africa, particularly Eastern and sub-Saharan Africa, is becoming more “promising” as countries yield marketing successes to international investors. About three-quarters of the respondents to independent global business advisory firm FTI... 

South Africa remains largest FDI hub in Africa – report

By: Mia Breytenbach     3rd May 2017 South Africa remains the leading foreign direct investment (FDI) destination in Africa, with a 6.9% increase in FDI projects in 2016, according to financial services advisory firm EY’s latest ‘Africa Attractiveness’ report, published on Wednesday. The report provides an analysis of FDI investment... 

Zim, SA researchers work together on baby elephant formula

By: News24Wire      2nd May 2017 Researchers in Zimbabwe and South Africa have embarked on a quest to unlock the make-up of elephant milk – and hopefully come up with a baby "formula" to keep orphan elephants alive. The difficulties of hand-rearing baby elephants are well-known: close to half die in captivity, many from... 

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