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Domestic IPOs by African issuers increase for a second year

By: Creamer Media Reporter      19th January 2018 While 2017 registered fewer domestic listings in Africa, the capital raised in domestic listings by African issuers increased by 19.5% year-on-year to $1.4-billion, the second consecutive year of growth. The latest research by global law firm Baker McKenzie shows that there were seven domestic... 

Africa, and other regions, seen benefiting from China-driven One Belt, One Road superproject

By: Schalk Burger     19th January 2018 The China-driven superproject, the Belt and Road Initiative (BRI), which is a conceptual redevelopment of the ancient global tradeways of the Silk Road, aims to link the heartlands of countries by land, sea and air routes, says Renmin University School of International Studies Professor Wang... 

Shanta expects to produce up to 88 000 oz of gold this year

By: Megan van Wyngaardt     18th January 2018 East Africa-focused gold developer Shanta Gold’s New Luika mine, in Tanzania, produced 21 288 oz of gold in the three months ended December 31, a quarter-on-quarter increase of 17%. This brought the Aim-listed miner’s full-year production to 79 585 oz, in line with its 80 000 oz guidance, but... 

WEF 2018 meeting to feature record number of world leaders

By: African News Agency      18th January 2018 A record number of heads of state, government and international organisations, as well as leaders from business, civil society, academia, the arts and media, are set to attend the World Economic Forum’s (WEF) 48th annual meeting taking place in Davos-Klosters, Switzerland, from January 23 to 26.... 

Off-grid solar set to boom in Africa

     9th January 2018 The role of off-grid and mini-grid in rural electrification in Africa, will be a key discussion session during the 10th Africa Energy Indaba Conference on 20-21st February 2018 at the Sandton Convention Centre in Johannesburg, South Africa, supporting the immense growth potential of solar. Solar... 

Edenville sees increase in coal demand from East African customers

By: Anine Kilian     8th January 2018 Aim-listed Edenville Energy has seen an increase in requests to provide coal to clients in East Africa, which could boost its monthly revenue. The company, which recently commissioned the Rukwa coal project, in Tanzania, supplies the bulk of its coal to clients in the East Africa region.... 

Ericsson Mobility Report: 17 million 5G subscriptions in the Middle East and north Africa by 2023

     15th December 2017 According to the latest regional appendix to the latest Ericsson (NASDAQ:ERIC) Mobility Report, the first 5G subscriptions in the Middle East and north Africa region are expected during the period 2020 to 2022, reaching around 17 million subscriptions by 2023. 

Heartland-to-heartland linkages sought in China-driven industrial superproject

By: Schalk Burger     12th December 2017 The China-driven superproject, the Belt and Road Initiative (BRI), which is a conceptual redevelopment of the ancient global tradeways of the Silk Road, aims to link the heartlands of countries by land, sea and air routes, said Renmin University School of International Studies Professor Wang... 

African Energy Indaba celebrates its 10th edition in 2018.

     11th December 2017 The African Energy Indaba (AEI) celebrates its 10th edition on 20-21 February, 2018 at the Sandton Convention Centre, Johannesburg, South Africa. This flagship annual event on the African business calendar correlates with the growth in African energy on the continent, as the AEI is well-renowned... 

Volvo Financial Services makes Southern African debut

By: Irma Venter     8th December 2017 Volvo Financial Services (VFS), the global finance arm of the Volvo Group, has announced the launch of Volvo Financial Services Southern Africa. VFS Southern Africa will provide financial services to customers of Volvo Group Southern Africa, which includes the UD Trucks, Volvo Bus, Volvo Trucks... 

Zimbabwe had been ripe for a military coup for a long time

By: Martin Zhuwakinyu     24th November 2017 The past few weeks have been hectic for Zimbabwe, our northern neighbour. Matters came to a head early this month, when Emmerson Mnangagwa was sacked as President Robert Mugabe’s joint number two in both government and the ruling Zanu-PF party, ostensibly for “disloyalty, disrespect,... 

Outlook for vehicle market hinges on political landscape – bank

By: Irma Venter     17th November 2017 It is impossible to accurately forecast where the new-vehicle market will end the year, or what the 2018 market will look like, says Standard Bank Vehicle and Asset Finance (VAF) group head Simphiwe Nghona. “Everything hinges on the political landscape. Anything can happen in the last quarter.... 

Vodacom’s M-Pesa ambitions heat up post Safaricom transaction

By: Natasha Odendaal     13th November 2017 Following the R35-billion acquisition of a 34.94% stake in Kenya’s largest telecoms group Safaricom, JSE-listed telecommunications giant Vodacom plans to drive the development of its newly revamped M-Pesa platform. Speaking at Vodacom’s interim results, in Midrand, on Monday, CEO Shameel Joosub... 

Second runway to be built at Kenya’s Jomo Kenyatta International Airport

By: John Muchira     10th November 2017 A second runway is to be built at Kenya's Jomo Kenyatta International Airport (JKIA) in an effort to transform the airport into a world-class facility. The new runway, to be built at a cost of $351.8-million, is designed to ease pressure on the exiting runway and to nearly double the aircraft... 

Sub-Saharan Africa sets another record for number of business reforms

By: Natasha Odendaal     31st October 2017 Sub-Saharan African countries have set a new record, for the second consecutive year, for the number of business reforms undertaken during 2016/17, a new World Bank report shows. The ‘Doing Business 2018: Reforming to Create Jobs’ report, now in its fifteenth year, reported that 83 business... 

Politics muddying new-vehicle market forecasts

By: Irma Venter     24th October 2017 It is impossible to accurately forecast where the new-vehicle market will end the year, or what the 2018 market will look like, says Standard Bank Vehicle and Asset Finance (VAF) group head Simphiwe Nghona. “Everything hinges on the political landscape. Anything can happen in the last quarter.... 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

Shanta expects new strategy to bolster future quarters

By: Natasha Odendaal     19th October 2017 Aim-listed Shanta Gold expects to deliver a stronger operational and financial performance during the next few quarters as it shifts into a new strategy of improving profitability and reducing debt following legislative changes in Tanzania. The East Africa-focused gold producer, developer and... 

Construction of Mombasa container terminal second phase to begin 2018

By: John Muchira     13th October 2017 Construction of the second phase of a modern container terminal in Kenya's port city of Mombasa is set to start in January as the country seeks to cement its position as East Africa’s transport and logistics hub. This comes after the Kenya Ports Authority (KPA) secured a $333.7-million loan from... 

Drainage system helps manufacturer achieve international standards

By: Robyn Wilkinson     13th October 2017 Drainage technology provider ACO Systems South Africa has completed the first phase of the installation of its flagship hygienic solution at food manufacturer Simba Pepsico’s production plant, in Johannesburg. 

Italian company ensures engineering success in KZN

By: Robyn Wilkinson     13th October 2017 As it celebrates its sixtieth year in South Africa, Italian multinational engineering solutions provider Maccaferri will complete the construction of one of the country’s largest surfaces of mechanically stabilised earth walls to date – at 10 000 m2 – at the Mount Edgecombe interchange, in... 

Africa Energy Indaba To Discuss Key Issues Facing The African Energy Sector

     9th October 2017 The 10th African Energy Indaba (AEI) will take place on 20-21st February, 2018 at the Sandton Convention Centre in Johannesburg, South Africa. The conference plenary session topics include: -  

MTN appoints new Seagha region VP

By: Anine Kilian     6th October 2017 MTN has appointed Ebenezer Asante VP of its expanded Southern, East Africa and Ghana (Seagha) region. The new Seagha region will comprise the mobile operations in Ghana, Uganda, Rwanda, Zambia, South Sudan, Botswana and Swaziland, as well as the MTN Internet service providers in Kenya, Namibia... 

Evolving The Conversation From The Basement To The Boardroom; Modern Facilities And Asset Management

     6th October 2017 In the facilities management (FM) industry, listening to the client plays a critical role in ensuring the delivery of a flexible solution. Understanding the client’s requirements is the first step to tailoring an FM solution that meets their needs, while delivering measurable results and reliable... 

Trials on Kenya’s new standard-gauge railway network to start this month

By: John Muchira     6th October 2017 Kenya is gearing up to start transporting cargo on the country's new standard-gauge railway (SGR) network, signalling the beginning of a new era for East Africa’s freight logistics sector, which has been dominated by road hauliers. Cargo transport trial runs on the SGR network start at the end of... 

Edenville expects washed coal production at Rukwa within a week

By: Schalk Burger     4th October 2017 Production of washed coal from the Rukwa coal project, in south-west Tanzania, is expected to start later this week, Aim-listed thermal coal company Edenville Energy announced on Wednesday. The company plans to produce 5 000 t of washed coal in October, and aims to ramp this up to at least 10 000... 

I am unable to replicate your thinking

By: Riaan de Lange     22nd September 2017 In a country famed for its politeness, you have to take care not of offend, or to be perceived to offend, when expressing an opinion that may differ from those held by people about whom you are expressing the opinion. An expression might well be perceived as a prejudicial. Hint: the country is... 

Local unit of helicopter group introduces electronic aid for pilots, maintainers

By: Keith Campbell     22nd September 2017 Following authorisation by the South African Civil Aviation Authority, Airbus Helicopters Southern Africa (AHZA) has now released its Fleetkeeper product to the South African market. Fleetkeeper is an electronic flight folio and electronic technical logbook. South Africa is one of the the first... 

Deterrence, prevention critical for miners in fight against fraud

By: Henry Lazenby     18th September 2017 Fraud is a significant burden on the mining industry and is likely to cost companies an average of 5.85% of turnover every year. Therefore, catching it before it happens is often the best weapon to combat this scourge. This figure is based on 20 years of data across more than 40 sectors,... 

Consortia, skills, logistics key factors for South Africa to make its mark in Africa

By: Natasha Odendaal     14th September 2017 Consortia, skills and logistics have become the most critical elements in ensuring South Africa’s input in a growing Africa, delegates at the Southern African Metals and Engineering Indaba heard on Thursday. Within a rapidly changing landscape, South Africa urgently needs to start planning... 

Jasco FY17 earnings hit by ‘unusual items’ in tough market

By: Natasha Odendaal     13th September 2017 “Unusual items” have dealt a blow to the full-year earnings of JSE-listed Jasco Electronics as the group navigates a particularly tough environment. The group on Wednesday reported a 61% decline in both headline earnings and headline earnings a share to a respective R5.6-million and 2.5c apiece... 

Shanta firms up operations and management structures

By: Natasha Odendaal     5th September 2017 Following a business review in the wake of legislative changes in Tanzania, Aim-listed Shanta Gold is optimistic of emerging with a leaner cost structure, an enhanced focus on increased cash generation, greater internal Tanzanian leadership and reduced financial risk. With new initiatives in... 

SEW-EURODRIVE builds on its East African presence with new offices in Tanzania, Kenya

     30th August 2017 SEW-EURODRIVE is building on its presence in Tanzania, its main hub in Eastern Africa, by opening a new office in Kenya, and commencing with a recruitment drive for Burundi and the Democratic Republic of Congo (DRC). East Africa represents a major growth area for the drive and automation... 

Edenville signs coal marketing deal with UK firm

By: Creamer Media Reporter      29th August 2017 Aim-listed Edenville Energy, which is developing the Rukwa coal project, in Tanzania, has entered into a nonexclusive two-year coal marketing agreement with a UK firm. The firm, which will be responsible for introductions, liaison and, where appropriate, management of coal sales and delivery, has... 

Infrastructure initiative garners support from nine African presidents

By: Natasha Odendaal     21st August 2017 Spearheaded by South Africa’s President Jacob Zuma, the Presidential Infrastructure Champion Initiative (PICI), aimed at accelerating regional trade and unlocking the economic potential of the continent, now has nine African presidents on board, with ten projects in the spotlight as Africa... 

Tanzania’s 55% share of mine revenue ‘pretty generous’ – AngloGold  

By: Martin Creamer     21st August 2017 The share of revenues that the government of Tanzania has received from the Geita gold mine is “pretty generous” when compared with what shareholders have received, AngloGold Ashanti CEO Srinivasan Venkatakrishnan said on Monday when the company reported an adjusted headline loss of $93-million,... 

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... 

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