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Hyprop lifts distributions in FY17

By: Natasha Odendaal     1st September 2017 JSE-listed Hyprop on Friday posted a 12.1% hike in dividend to 695.1c a share for the financial year ended June 30. The real estate investment trust reported that distributable earnings benefited from the inclusion of R101.8-million in income from the investments in South-Eastern Europe, up from... 

Galileo moves to acquire stake in Zambia zinc project

By: Creamer Media Reporter      31st August 2017 Aim-listed Galileo Resources has entered into a binding term sheet with BMR Group and agreed to advance $591 600 to BMR to enable it to exercise an option to acquire the Star zinc project, in Zambia. BMR will establish a joint venture (JV) with Galileo over the project. 

Infrastructure key to unlocking trade and value chains across SADC region

By: Anine Kilian     25th August 2017 It is common cause that industrialisation across the Southern African Development Community (SADC) region is key to diversifying the regional economy away from its current reliance on the export of raw commodities and to supporting economic growth and employment creation. There is broad... 

Infrastructure key to unlocking trade and value chains across SADC region

By: Anine Kilian     25th August 2017 It is common cause that industrialisation across the Southern African Development Community (SADC) is key to diversifying the regional economy away from its current reliance on export of raw commodities and to supporting economic growth and employment creation. There is broad acceptance that SADC... 

New truck dealership opens in Lusaka

By: Irma Venter     18th August 2017 Volvo Group Southern Africa, in partnership with Titanium Motors, has opened a new dealer facility in the Zambian capital, Lusaka, in a R130-million investment. The dealership will provide services to Volvo Trucks and UD Trucks customers operating in the region.  “Zambia is a key African market... 

Africa's biggest copper mine hit by Zambian power restrictions

By: Bloomberg     15th August 2017 Zambia is cutting power to mines including Africa’s biggest copper site, the Kansanshi pit owned by First Quantum Minerals, escalating a fight over tariffs. "They have still got some significant amount of power for them to operate, but obviously their operations will not be at 100% because of the... 

DBSA committed to funding infrastructure projects throughout SADC

By: Anine Kilian     1st August 2017 With low levels of electrification hindering economic growth and development in sub-Saharan Africa – where 78% of the population is reliant on biomass as their main energy source – $57-trillion will be required until 2030 to fund the continent’s infrastructure and energy projects, according to... 

SA committed to increasing trade with Zambia, says DTI minister

By: African News Agency      21st July 2017 South Africa was committed to increasing trade and addressing the trade imbalance with Zambia. This was according to South Africa’s Minister of Trade and Industry, Dr Rob Davies, ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia, from 24-25 July. 

SA committed to increasing trade with Zambia, says dti minister

By: African News Agency      21st July 2017 South Africa was committed to increasing trade and addressing the trade imbalance with Zambia. This was according to South Africa’s Minister of Trade and Industry, Dr Rob Davies, ahead of a two-day Outward Trade and Investment Mission to Lusaka, Zambia, from 24-25 July. 

Vedanta seeks to quadruple Zambia copper output over three years

By: Bloomberg     26th June 2017 Vedanta Resources plans to quadruple its Zambian copper output over the next three years, the local unit’s chief executive officer said, signaling a more ambitious expansion in Africa’s second-biggest producer of the metal. Most of the increase will come from Konkola Copper Mines’ flagship... 

Volvo Trucks, UD Trucks open R130m facility in Zambia

By: Irma Venter     20th June 2017 Volvo Group Southern Africa, in partnership with Titanium Motors, has opened a new dealer facility in the Zambian capital, Lusaka, in a R130-million investment. The dealership will provide services to Volvo Trucks and UD Trucks customers operating in the region.  “Zambia is a key African market... 

Sub-Saharan Africa middle class represents R1.3tr a month market

By: Megan van Wyngaardt     19th May 2017 A University of Cape Town (UCT) Unilever Institute of Strategic Marketing initiative, the African Lions research project, has established that the sub-Saharan African middle class, comprising around 100-million people, represents a R1.3-trillion a month market and is growing. Carried out... 

Zambia President orders case against First Quantum to be dropped

By: Bloomberg     10th May 2017 Zambian President Edgar Lungu has instructed that the fraud case the State investment company brought against the country’s biggest copper producer and some of its directors be dropped, his spokesman said. Arbitration over the matter will continue in London. First Quantum Minerals, based in... 

Zambia said to near mine company stake sale to Israeli investor

By: Bloomberg     25th April 2017 Zambia, Africa’s second-biggest copper producer, is close to selling a stake in ZCCM Investments Holdings, a State controlled mine holding company, for more than $100-million, according to three people familiar with the matter. Sapir Capital, an Israeli private equity company that’s invested in... 

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Africa needs nuclear energy – Rosatom 

By: Keith Campbell     30th March 2017 Sub-Saharan Africa has a real need for, and rapidly growing interest in, nuclear power. This was affirmed by Rosatom International Network Regional VP: Sub-Saharan Africa Viktor Polikarpov at the Nuclear Africa 2017 conference on Wednesday. Rusatom International Network is part of Russia's... 

One-stop solution gives company market edge

By: Simone Liedtke     24th March 2017 The ability to supply a full range of high-quality pumps with full back-up and support, as well as readily available spare parts, has placed pump supplier and manufacturer KSB Pumps and Valves in a unique position where clients can meet all their pumping requirements through a single supplier. 

KSB invests in Zambia

     2nd March 2017 Global pump manufacturer, KSB Pumps and Valves, has established an independent operation in Zambia to ensure that its rapidly expanding customer base has full access to the company’s world-class sales and support services. Having previously been represented by a network of agencies and dealers... 

Consolidated Nickel Mines wins top honours in Investment Battlefield competition

By: Megan van Wyngaardt     28th February 2017 Zambia-focused Consolidated Nickel Mines (CNM) won the first Investment Battlefield Competition for junior miners at this year’s Investing in African Mining Indaba, with Sula Iron & Gold in second place. CNM, a subsidiary of Consolidated Mining and Investments, is planning to restart the 4 500... 

Specialised energy mission from South Africa to Zambia commended for innovative approach to doing business in Africa

     9th February 2017 A South African energy sector trade and business delegation recently had another successful trip to Zambia. The trade mission was jointly led by Trade Invest Africa and the South African Electrotechnical Export Council. “We are impressed by the calibre of companies from the South African Energy... 

World Bank lends Zambia $100m to tackle mining pollution

By: Reuters     20th December 2016 The World Bank has agreed to lend Zambia more than $100-million to reduce environmental health risks in polluted mining areas and support economic diversification. Mining is a major contributor to the economic growth of Zambia, Africa's second biggest copper producer, but it has left... 

BASF appoints new South Africa MD, country cluster head

By: Megan van Wyngaardt     1st December 2016 International chemicals company BASF has appointed Benoit Fricard South Africa MD and Southern Africa country cluster head. He joined the organisation in 2002 and most recently held the position of BASF South America performance materials director. 

First Quantum faces $1.4bn claim from Zambian firm

By: Bloomberg     15th November 2016 ZCCM Investments Holdings, the state-controlled Zambian company that holds minority stakes in most of the country’s copper mines, plans to claim as much $1.4-billion from First Quantum Minerals . after  accusing the Vancouver-based company of fraud. The Canadian company’s stock fell. The claim... 

BMR raises funds to advance Star Zinc project

By: Megan van Wyngaardt     28th October 2016 Zambia-focused zinc developer BMR Group has raised £620 000 through the placement of 9.25-million shares at 6.7p apiece. Each placee will also, for each share subscribed, receive one warrant to subscribe for a further new ordinary share at 7p apiece in the 42 days following publication of BMR's... 

World Bank advises Zambia to stop power and fuel subsidies

By: African News Agency      6th September 2016 The World Bank has advised the Zambian government to cut its expenditure bill by dropping a fuel and power subsidy programme which gobbles nearly $600-million in public funds from the treasury annually. In its latest country-focused cost-cutting advisory report, the global financial institution... 

Cashbuild Reports Record Set Of Results

     30th August 2016 • Revenue for the year increased by 13% to R8,7 billion  • Operating profit, excl BEE, up 33% to R612 million • Headline earnings, excl BEE, increased by 41% to R494 million • Total dividend per share growth of 41% to 1 001 cents Cashbuild, southern Africa’s largest retailer of quality building... 

BMR Group seeks to acquire Zambian zinc prospect

By: Megan van Wyngaardt     16th August 2016 Aim-listed BMR Group is in the process of acquiring a large-scale zinc prospecting licence, known as Star Zinc, from Zambia-based Bushbuck Resources for $1-million. The two companies on Monday entered into a 60-day exclusive option agreement for the 83 km2 licence, to the immediate north of... 

Steel exporter adapts for changing steel landscape

By: Victor Moolman     1st July 2016 Owing to the global economic downturn, and tough and volatile trading conditions, steel distributor Building System Integration (BSi) Steel has continually adapted and modified its handling of the supply of steel products, to meet the demand in the sub-Saharan African markets. 

Partnership to increase infrastructure growth

     24th June 2016 Three international firms consisting of the technology developer General Electric (GE) Africa, multi-industry company Mara Group and financial institution Atlas Merchant Capital have partnered to help address infrastructure challenges in Africa through investments in equity projects such as rail... 

Fastjet gets South Africa flying

     31st May 2016 Fastjet, the low-cost pan-African airline, has been making travel dreams come true for over 2 million of its passengers across the African skies since launching in November 2012.   As an initiative to boost even more South Africans flying, fastjet has announced that any passengers purchasing... 

$60m boost to Zambia power grid

By: Martin Creamer     30th May 2016 Mining is poised to receive a spinoff benefit from Monday’s announcement that the power grid in Zambia is to be boosted by a $60-million investment. In this latest transaction, Standard Chartered bank has partnered with the United States Agency for International Development (USAID) to provide a... 

Nigerian billionaire pledges to transform agriculture in Africa 

By: African News Agency      27th May 2016 Nigerian billionaire businessman and philanthropist Tony Elumelu on Friday pledged his support to transforming the agricultural sector in Africa, saying entrepreneurs in agriculture should be up-skilled with more focus given to vocational and technical education. Elumelu, chairperson of Heirs... 

Zambia to complete $360m new airport terminal by October

By: African News Agency      25th May 2016 Zambia’s Kenneth Kaunda International Airport is set to have a new and modern terminal by October this year, the Zambian National Broadcasting Corporation reported on Tuesday. Zambia’s Minister of Works and Supply, Yamfwa Mukanga told the broadcaster that the terminal was part of the expansion... 

Mining & Energy on the Growth Path to Support and Grow the Zambian Economy

     10th May 2016 The 6th Zambia International Mining & Energy Conference 2016 (ZIMEC 2016) will take place at the New Government Complex Conference Centre, Lusaka in Zambia from 23rd - 24th June 2016.  

Gemfields posts ‘solid’ production in Q3

     4th May 2016 Despite reporting lower year-on-year emerald and beryl production in the three months to March 31, Gemfields CEO Ian Harebottle said the company had “another pleasing quarter of solid production across its emerald and ruby operations”. He noted that both its 75%-owned Kagem and Montepuez... 

South African power solutions firm expands into Namibia

By: David Oliveira     29th April 2016 South African power solution and data centre specialist Master Power Technologies last month opened a branch in Windhoek, Namibia, as part of its growth strategy in Africa. The new office complements the Master Power branches successfully operating in Kitwe and Lusaka, in Zambia, as well as in... 

Zambia Agri Minister emphasises need to diversify beyond copper

By: Tracy Hancock     8th April 2016 Copper, a significant economic driver in Zambia, had taken the country so far but would not be able to take it any further, said Zambian Deputy Agriculture and Livestock Minister Maxas Ng’onga on Thursday at the opening of the AGCO Future Farm training centre, in Lusaka, Zambia. As Africa’s... 

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