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Press Office - WorleyParsons

WorleyParsons

WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the power, hydrocarbons, mineral, metals and chemicals sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.

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Shanta cancels Helio transaction, New Luika on track to meet FY guidance

By: Anine Kilian     18th August 2017 East Africa-focused Shanta Gold has cancelled its proposed £3.5-million buyout of TSX-V-listed Helio Resources. The transaction, which was announced in June, would have given Shanta control of Helio’s assets, adjacent to its own New Luika gold mine, in Tanzania. 

Construction contract awarded for Kenya’s techno city

By: John Muchira     18th August 2017 Kenya has has awarded the construction contract for East Africa’s first smart city. The $390-million engineering, procurement, construction and financing contract – entailing the construction of roads, water and sewerage infrastructure within the 400 acre first phase of  Konza Techno City, about... 

Free African mining projects report offered to advertisers

     10th August 2017 Companies advertising in the September edition of the Projects in Progress Supplement will receive a FREE copy of Creamer Media’s African Mining Projects in Progress Research Report - normally valued at R1 950 (excluding VAT). The African Mining Projects in Progress Report tracks developments... 

Tanzania Q1 growth slows to 5.7%

By: Reuters     10th August 2017 Tanzanian growth slowed to 5.7% in the first quarter of this year, hurt by slower-than-expected performance of construction, transport, agriculture and the financial services sectors, the statistics office said on Thursday. Growth in the same period of 2016 was 6.8%. 

Westcon-Comstor Southern Africa Appoints CEO

     7th August 2017 Westcon-Comstor Southern Africa, a value-added technology distributor of category-leading solutions in Security, Collaboration, Networking, Cloud and Data Centre, is pleased to announce that Rakesh Parbhoo has officially joined the company in the role of CEO of WestconGroup SA, effective 1st... 

Crystal Events Africa increases its continental footprint.

     1st August 2017 Formerly known as Crystal Events and Incentives, a leading conference, incentive travel and corporate meeting organizer in South Africa is proud to announce its expansion into Africa through strategic business partnerships within Harare and Kigali, as well as rebranding to Crystal Events Africa.... 

Technology, digital solutions part of Botswana firm’s microfinance arsenal as it expands across Africa 

By: David Oliveira     28th July 2017 Botswana-based microfinance company Letshego Holdings, which operates in 11 African countries, aims to use technology and digital solutions to affect economic redress in Africa and provide financial inclusion for the continent’s most underserved markets. Letshego MD Chris Low explains that the... 

May unveils British initiatives aimed at reducing Africa’s reliance on aid

By: Keith Campbell     21st July 2017 British Prime Minister Theresa May used the recent G20 Summit in Hamburg, Germany, to announce a series of new British initiatives intended to reduce the reliance of African countries on aid and increase their long-term stability and prosperity. This was in line with a theme for the summit... 

SAP Skills for Africa launches first East African chapter with participation from Kenya, Rwanda, Uganda, Ethiopia

     19th July 2017 First true East African class as group includes graduates from Uganda and Ethiopia. All 55 graduates will be placed at partner and customer organisations who have already committed to graduate intake. SAP Skills for Africa today launched its first-ever East African programme at an event held in... 

Shanta to review cost base in light of new legislation, higher royalties

By: Creamer Media Reporter      19th July 2017 East Africa-focused Shanta Gold is undertaking a business review of its operational and cost base in Tanzania, where it operates the New Luika mine, following the introduction of new legislation and higher royalty rates. The Tanzanian Parliament earlier this month enacted the Natural Wealth and... 

FDI key for mining growth in North Africa, Middle East

By: Anine Kilian     14th July 2017 State-owned miners will continue to drive mining output in the Middle East and North Africa (Mena), with governments slowly encouraging foreign direct investment (FDI) into the sector, however, political instability will keep investment rates relatively low compared with other regions, according... 

Gas ‘would power SA growth’

     12th July 2017 A gas economy could significantly drive South African economic growth, and the discovery of substantial natural gas reserves in the Karoo would be akin to finding gold and sparking a new gold rush, speakers said at the opening of the 4th annual Africa LPG Summit and Natural Gas & CNG Africa Forum... 

Sub-Saharan Africa needs a ‘gas economy’

     10th July 2017 Natural gas should not be overlooked as a key solution to several sub-Saharan African energy challenges In the rush to adopt renewable energy, Africa may be overlooking the cost savings, efficiencies and lifestyle enhancing properties of gas, say experts participating in the upcoming Africa LPG... 

Kenya set to build three industrial megaparks

By: John Muchira     7th July 2017 Kenya has embarked on the construction of three industrial megaparks in an effort to attract investors and spur growth in the struggling manufacturing sector. The East African nation, which has lost its manufacturing competitive edge to Ethiopia, plans to build the megaparks as part of the Kenya... 

Coca-Cola Beverages Africa buys Equator Bottlers in Kenya

By: African News Agency      6th July 2017 South Africa-headquartered Coca-Cola Beverages Africa (CCBA) announced on Thursday that it has concluded negotiations to acquire Equator Bottlers, the third largest Coca-Cola bottler in Kenya, for an undisclosed amount of money. This comes after the acquisition was approved by the Competition... 

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Automotive sector remains relevant in volatile market

By: Natasha Odendaal     29th June 2017 While South Africa works its way through the impact of the latest economic headwinds, the automotive sector is holding its own in a volatile market, Econometrix director and chief economist Dr Azar Jammine said on Wednesday. Despite an expected contraction in domestic vehicle production and sales... 

Summit to outline African LPG market growth potential

By: Mia Breytenbach     29th June 2017 While Africa – the fastest-growing liquefied petroleum gas (LPG) market in the world today – is rich with potential for LPG industry players, distribution challenges, affordability and safety issues need to be addressed to capitalise on this potential, according to industry experts. This emerged... 

Mobile technology transforming Africa, manufacturing needs to step up

By: Anine Kilian     28th June 2017 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... 

$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... 

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... 

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