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Arbitrary licence cancellation a thing of the past as Kenya establishes oversight board

By: John Muchira     26th August 2016 Investors in Kenya’s mining sector will no longer face the risk of arbitrary cancellation of their licences, as the country has established a body to oversee the licensing of prospecting and mining activities and the leasing of mining tenements. Moreover, companies planning to invest in the... 

Tanzania’s rural electrification plan gets $470m boost

By: John Muchira     26th August 2016 Tanzania's plans to increase electricity connections in rural areas have been boosted by a $470-million loan that the East African country has secured from a consortium of development partners. Efforts to tackle abject poverty in rural Tanzania, where electricity access has remained a pipe dream... 

Resources Watch 

     25th August 2016 This week: Gold Fields lifts full-year production guidance as South Deep, Australian operations perform in first half; Harmony back in the black, eyes acquisitions; And, DRA enjoying rise in gold project share, eyeing more gold opportunities 

Tanzania's President Magufuli orders officials to speed up LNG project

By: Reuters     23rd August 2016 Tanzanian President John Magufuli ordered officials on Monday to speed up long-delayed work on a planned liquefied natural gas (LNG) plant, saying implementation of the project had taken too long. BG Group, recently acquired by Royal Dutch Shell, alongside Statoil, Exxon Mobil and Ophir Energy,... 

On-The-Air (19/08/2016) 

By: Martin Creamer     19th August 2016 Illegal occupation of the Obuasi gold mine in Ghana by ‘galamsey’ miners is dealing a devastating blow to South African investors. South African project engineering company DRA is hitting the high spots as a developer of new gold mines in Africa. A revolutionary new gold-mining... 

Kenya gears up to award contract for new Mombasa oil import facility

By: John Muchira     19th August 2016 After a delay of more than three years, Kenya is finally set to start constructing a modern oil importing facility in the coastal city of Mombasa. The Kenya Ports Authority (KPA) announced earlier this month that it is in the process of identifying a contractor to $116.3-million terminal.  The... 

DRA enjoying rise in gold project share, eyeing more gold opportunities 

By: Martin Creamer     17th August 2016 Mining project house DRA, which has hit the gold project high spots in particularly West Africa, is now well poised to extend that gold triumph further into Central Africa, East Africa and also South Africa. DRA’s impressive penetration of the gold project market has been characterised by... 

Kenya unveils plan to revive idle petroleum refinery

By: John Muchira     12th August 2016 Kenya plans to revive its obsolete petroleum refinery – which has been idle since 2013 – as it gears up for commercial crude oil production over the next two years. In a move aimed at utilising the archaic facility that has been lying idle since 2013, the government has directed state-owned Kenya... 

Tanzania signs loan deal with China for crossborder rail project

By: John Muchira     12th August 2016 Tanzania has signed a $7.6-billion concessional loan agreement with Export-Import Bank (Exim) of China to finance the construction of the standard-gauge railway line project connecting it with Rwanda, Burundi and the Democratic Republic of Congo (DRC). The 2 561 km line will run from Dar es... 

CIG buys prepaid electricity meter manufacturer Conlog for up to R850m

By: Creamer Media Reporter      11th August 2016 JSE-listed Consolidated Infrastructure Group (CIG) has acquired Schneider Electric’s Conlog business – a Durban-based developer, manufacturer and distributor of prepaid electricity meters, smart meters and related software applications – for up to R850-million. “Conlog is an ideal extension to... 

Financiers circle as Arianne seeks funds to advance Lac à Paul project

By: Simon Rees     5th August 2016 With a Ministerial decree in hand, issued on December 22, to advance its Lac à Paul phosphate project, in the Saguenay-Lac-Saint-Jean region of Quebec, Arianne Phosphate hopes to put Canada – where potash is king – on the phosphate map. However, the market it seeks to enter is competitive,... 

MTN takes heavy H1 knock, hopes to get back on track  

By: Natasha Odendaal     5th August 2016 MTN hopes to be over the worst as it battles its way out of a “perfect storm” that has led to one of the most difficult half-year periods the multinational telecommunications group has faced in its 22-year history. The JSE-listed group is now looking inwards as much as is feasible to find ways of... 

Construction on the largest solar field in S Africa to start in 2017

     29th July 2016 Norwegian power producer Scatec Solar plans to start construction by mid-2017 on three new adjacent solar projects in Upington, in the Northern Cape, which will form the largest solar field in South Africa and one of the biggest in the world with a combined peak capacity of 258 MW. 

ECIC plays a pivotal role in Sub-Saharan Africa with 15 years of Project Export Excellence

     29th July 2016 The creation of ECIC began 15 years ago, in July 2001, when the Export Credit Insurance Corporation of South Africa LTD (ECIC), was given a mandate of filling a market gap through provision of medium to long term export credit and investment guarantees by underwriting bank loans for political and... 

Local hotel tourism rakes in R14.2bn, despite visa gripes 

By: Megan van Wyngaardt     28th July 2016 Despite uncertainty in the domestic tourism industry, owing to the revised visa regulations and a weak global economy, South Africa can still expect healthy growth over the next five years, PwC’s Hotels Outlook 2016 – 2020 reveals. Almost 2 600 rooms will be added to the South African hotel... 

CFOs concerned for 2016, more optimism expected next year

By: Natasha Odendaal     27th July 2016 There is less optimism across Africa around the performance of companies, with currency volatility and political uncertainty topping the list of concerns for 2016. Deloitte’s ninth edition of the CFO Survey shows CFOs across the continent adopting “defensive strategies” with most focused on... 

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

By: Anine Kilian     25th July 2016 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%. 

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... 

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... 

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