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Digitalisation could facilitate energy access, efficiency in Africa – panel

By: Marleny Arnoldi     19th February 2019 Digitalisation within the African energy sector is accelerating at a rapid rate, creating demand for innovation and adaptation to new market technologies and the development of new skill sets within organisations, Trade and Industry Policy Strategies executive director Saul Levin told delegates... 

Sun Exchange signs fund agreement with Decentral Energy for solar projects

By: Schalk Burger     19th February 2019 Solar-generation microleasing platform Sun Exchange on Tuesday announced that it had signed an agreement with Johannesburg-based boutique clean energy fund manager Decentral Energy, said Sun Exchange founder and CEO Abe Cambridge. The agreement gives Decentral’s Grovest Energy, an Income Tax Act... 

Luxembourg Protocol can save South Africa billions – Rail Working Group

By: Natasha Odendaal     14th February 2019 The adoption of the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is expected to be a game changer for South Africa, said Rail Working Group chairperson Howard Rosen on Thursday. The treaty, which is expected to enter into force late in 2019,... 

KenGen to raise funds from the market this year, eyes green bond

By: Reuters     14th February 2019 The Kenya Electricity Generating Company plans to raise funds from the market later this year and it may opt to issue the country's first green bond, its chief executive said. KenGen has a 1 631 MW annual capacity and it supplies 70% of the East African nation's electricity. Private investors... 

More Professionals In Search Of A Better Work Life Outside Of South Africa, Global Study Reveals

14th February 2019 More young South African working professionals are willing to relocate for work compared to their contemporaries around the rest of the world, according to new research by the The Boston Consulting Group (BCG) and The Network, in association with CareerJunction. The study, which surveyed 366,000... 

Total Announces Ground-breaking Oil Discovery 175km Off the Southern Coast of South Africa

By: Creamer Media Reporter      13th February 2019 The recent gas condensate discovery by Total South Africa, 175km off the southern coast of South Africa, has set the stage for a significant contribution to the nation’s economic development as it will assist in reducing dependency on imports of oil and gas, notwithstanding the considerable... 

Africa, Middle East increase onshore wind power capacity to 5.7 GW

By: Marleny Arnoldi     11th February 2019 The Global Wind Energy Council (GWEC) on Monday released data that found Africa and the Middle East had installed 962 MW of onshore wind power capacity in 2018 – a 300 MW increase compared with 2017. The GWEC’s global wind report forecasts that a further 6.5 GW of capacity will be added by... 

Marriott teams up with Kuwait Projects on St Regis resort in Morocco

By: Reuters     11th February 2019 United Real Estate, a unit of Kuwait Projects, and Marriott International said in a joint statement on Saturday that they had agreed to open a resort near Marrakech. Marriott said in October it had signed deals with partners to increase its hotels in Africa 50% by 2023, opening new ones in Ghana,... 

Siemens launches FABRIC – Turning urban data into a dynamic visualization of Jamestown

By: Creamer Media Reporter      11th February 2019 Design and Data combine to tell a fascinating story about Jamestown, Accra. Leveraging Digital technology with Electrification and Automation domain know-how can help build a more resilient Ghana. 

Ethiopia moving to scale up investments in solar

By: John Muchira     8th February 2019 Ethiopia is scaling up investments in solar energy after unveiling six projects that will have a capacity to generate 750 MW.   As part of its ambitions to become a net exporter of electricity, the Horn of Africa nation said the six projects estimated to cost $800-million will be implemented... 

Goldplat's South African, Ghana subsidiaries achieve solid Q2 performance

By: Simone Liedtke     4th February 2019 Aim-listed Goldplat on Monday announced a 57% quarter-on-quarter increase in the production of gold-equivalent ounces for the second quarter ended December 31. Output was, however, 4% lower year-on-year. 

Sub-Saharan Africa Eurobonds to perform better this year

By: Reuters     1st February 2019 Eurobonds from sub-Saharan Africa will perform better this year even though debt levels in some parts of the region are ballooning, as diminishing prospects for further U.S. interest rate hikes support demand, a Reuters poll found. All but one of ten analysts surveyed this week said it would be a... 

SA passport among Africa’s ‘strongest’

By: Martin Zhuwakinyu     1st February 2019 A couple of weeks back, I mentioned in this couple that the African Union will this month be providing details of its plans to launch a pan-African passport as part of its efforts to improve the free movement of people on the continent. The benefits of such a move will be immense; they will... 

Kenya aims to begin exporting oil within months

By: John Muchira     1st February 2019 Kenya is aiming to export its first consignment of crude oil in a few months, after amassing 60 000 bbl in storage tanks in the coastal city of Mombasa. British firm Tullow Oil has revealed that trucking of crude from oilfields in Lokichar, in north-western Kenya, for storage at the refinery in... 

JOGMEC establishes Johannesburg Office as a base for natural resource development in Africa

30th January 2019 The Japan Oil, Gas and Metals National Corporation (JOGMEC) will be setting up an office in Johannesburg, South Africa on February 1, 2019, bringing the number of international JOGMEC offices to 14. “Recognising the immense potential which Africa has in supplying the world with natural resources,... 

Jogmec to establish Johannesburg office as African base to meet Japan's natural resource needs

By: Simone Liedtke     29th January 2019 The Japan Oil, Gas and Metals National Corporation (Jogmec) will open an office in Johannesburg on February 1. This brings the number of international Jogmec offices to 14. 

Volkswagen signs agreement with Ethiopia to develop auto industry

By: Irma Venter     29th January 2019 Volkswagen has signed a memorandum of understanding (MoU) with the government of Ethiopia to deliver a joint vision for the development of an automotive industry in the East African country. The MoU was signed by Volkswagen sub-Saharan Africa region head Thomas Schaefer and Ethiopian Investment... 

Investors will continue to invest in solar

By: Halima Frost     25th January 2019 Specialist banking company Investec Bank will continue to offer funding to viable projects in the renewables sector as solar photovoltaic (PV) technology becomes more cost effective. Southern Africa – more notably the Northern Cape province, in South Africa, and Namibia – is considered as one of... 

Ramaphosa's 'nine lost years' speech impresses Old Mutual CEO at Davos

By: News24Wire      24th January 2019 When President Cyril Ramaphosa spoke out about South Africa’s "nine lost years" at a dinner in Davos this week, Old Mutual CEO Peter Moyo said the cost of the period crystallised for him.   "The President spoke about nine wasted years and it was the first time I heard that phrase. It made me... 

Unops to raise $647m for 100 000 houses in Kenya

By: Marleny Arnoldi     24th January 2019 As part of United Nations Office for Project Services (Unops) and the government of Kenya’s landmark affordable housing agreement, the organisation and its partners will seek to attract $647-million to deliver at least 100 000 affordable housing units across the country. Unops will kickstart... 

CEOs to be more cautious this year as uncertainty, pessimism prevail – PwC 

By: Simone Liedtke     22nd January 2019 There are consistent trends in the 2018 and 2019 results of PricewaterhouseCoopers’ (PwC’s) annual CEO survey, with global CEOs – including those based in South Africa – plagued by pessimism and uncertainty in the new year. According to the survey, which was released on Monday, caution among CEOs... 

Cape Town’s WhereIsMyTransport expands to Latin America, India

By: Irma Venter     22nd January 2019 Public transport data and technology company WhereIsMyTransport has raised $1.85-million in funding from Liil Ventures and Goodwell Investments, as part of its Series A funding round. The funding will support the company’s expansion into Latin America and India. 

Wine export values rise despite drought, lower volumes

By: Marleny Arnoldi     22nd January 2019 Despite 2018 being a challenging year for the wine industry, with a low-yielding harvest owing to the regional drought, the Wines of South Africa (WoSA) Export Report has found positive growth in the overall value of exports. The 4% increase in the value of exports to R9.06-billion reflected... 

Multichoice sweetens Naspers split with dividend plan

By: Reuters     22nd January 2019 Africa's biggest pay-TV business Multichoice plans to pay a R2.5-billion dividend two years after leaving its parent of three decades – media and e-commerce group Naspers – and pursuing a listing solo in South Africa. Multichoice CFO Tim Jacobs said on Monday the firm would make its first payment... 

Africa's position as the world's hottest oil and gas frontier to be entrenched this year

By: African News Agency      22nd January 2019 The year ahead will be key for the advancement of new exploration and production development projects from West to East Africa in the hydrocarbons market, entrenching the continent’s position as the word’s hottest oil and gas frontier, the African Energy Chamber (AEC) has said. The year however... 

Kenya's Safaricom's overdraft service exceeds expectations – CEO

By: Reuters     17th January 2019 Kenya's biggest telecoms operator, Safaricom, notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO's expectations, he said on Thursday. Started 11 years ago as a service to allow Kenyans without access to the banking network to... 

Climate change threatens to make your morning brew more expensive

By: Bloomberg     17th January 2019 Coffee farmer Masumi Kondo wrapped himself in a cosy blanket on cool nights in the 1970s when he began growing the crop in the Franca region of Brazil’s Sao Paulo state. Now, thanks to persistently warmer weather, he needs an air conditioner. It’s not just the sleeping habits of farmers... 

Base adjusts outlook for 2019

By: Esmarie Iannucci     17th January 2019 Mineral sands miner Base Resources has adjusted its full-year production guidance at the Kwale project, in Kenya, as the company adjusts for lower ore densities in the remaining Central Dune orebody. Rutile production expectations for the full year has remained fairly unchanged at between 88 000... 

Key African central banks to hold rates on inflation, oil prices

By: Bloomberg     16th January 2019 Africa’s key central banks are expected to hold benchmark interest rates at their first meetings of the year – albeit for different reasons. While the drop in oil prices could give South African and Kenyan policy makers room to hold off on further rate increases, currency pressures could keep the... 

Vedanta tells top English court pollution case should be heard in Zambia

By: Reuters     16th January 2019 Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2 000 Zambian villagers should be heard in Zambia not London. India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is... 

Uganda aims to pick bidder to build, operate highway by end-2019

By: Reuters     9th January 2019 Uganda expects to pick the winning bidder by the end of 2019 to build and operate a $1.5-billion road project under a public private partnership (PPP) model, a senior official said on Tuesday. The planned 95 km (60-mile) highway will connect the capital Kampala with Jinja, an industrial town in... 

Disappearing forests

By: Martin Zhuwakinyu     2nd November 2018 In rather melodramatic fashion, one journalist, writing in June this year, portrayed the rate at which the world is losing its forests thus: “Image looking down on huge swathe of lush forest – but before you can pull out your phone to take a picture, it’s gone.” A look at the latest tree cover... 

South Africa moves to reboot digital migration after years of delay 

By: Natasha Odendaal     2nd November 2018 Following years since embarking on, and the subsequent stalling of, South Africa’s migration from analogue to digital broadcasting, the Department of Communications (DoC) hopes to revive its momentum after revising its digital migration delivery model. The revised model approved by Cabinet in... 

South Africa moves to reboot digital migration after years of delay

By: Natasha Odendaal     2nd November 2018 Following years since embarking on, and the subsequent stalling of, South Africa’s migration from analogue to digital broadcasting, the Department of Communications (DoC) hopes to revive its momentum after revising its digital migration delivery model. The revised model approved by Cabinet in... 

ExecuJet welcomes first Pilatus PC-24 aircraft to its fleet  

1st November 2018 Luxury aviation company ExecuJet last month officially launched and welcomed the Pilatus PC-24 to its fleet at the company’s private terminal at Cape Town International Airport. Simone Liedtke reports. 

Global governments improve business climate through reforms  

By: Marleny Arnoldi     31st October 2018 The Word Bank Group’s ‘Doing Business 2019: Training for Reform’ report finds that governments around the world have set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year. This number of reforms this year has... 

Fossil Fuel Foundation sees clean coal as a solution for South Africa 

By: Kim Cloete     29th October 2018 The Fossil Fuel Foundation (FFF) has advocated strongly for coal to be retained as a sustainable part of South Africa's energy mix for the short to medium term. “Contrary to the popular belief that ‘coal is dead’, South Africa’s coal resources are abundant and can provide low-emitting,... 

Raubex rightsizes road rehab division as lower Sanral work volumes bite 

By: Marleny Arnoldi     29th October 2018 JSE-listed Raubex Group continued to experience challenging conditions in the South African construction industry in the six months ended August 31, particularly in the road construction sector, reporting a 57.4% decline in operating profit to R157-million, compared with the R370-million profit... 

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