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G20’s Compact with Africa launched with widespread support

By: Natasha Odendaal     20th March 2017 Clear support emerged last week from Group of 20 (G20) members’ Finance Ministers and central bank governors for the broadening of international economic and financial cooperation with African countries to “foster sustainable and inclusive growth” in line with the African Union’s Agenda 2063. At... 

Dubai’s CSP price cap seen driving technology’s competitiveness 

By: Terence Creamer     16th March 2017 A leading developer of concentrated solar power (CSP) projects in Africa and the Middle East believes the price cap proposed by the Dubai Electricity and Water Authority (DEWA) for an upcoming CSP project could add significant impetus to improving the technology’s cost competitiveness, which may... 

Moroccan miner Managem reports 41% jump in 2016 net profit

By: Reuters     16th March 2017 Top Moroccan miner Managem reported a 41% rise in annual net profit attributable to shareholders to 289-million dirhams ($28.85-million) on Thursday. Operational improvements and a rebound in metals prices helped lift earnings, it said. 

Refiners commit to producing clean fuels 

By: Kim Cloete     15th March 2017 Although Africa’s oil refining industry will need significant investments to adapt to the move by industry and the automotive sector to cleaner fuels, companies say they are committed to the change. “The impact will touch all sides of the industry, starting with refining and marketing. It will... 

SA cleantech entrepreneurs honoured on world stage

     7th March 2017 Two South African cleantech innovators were honoured at the Global Forum during the 2017 Cleantech Week in San Francisco earlier this month. Yolandi Schoeman of Baoberry, the winner of the 2016 South African  Global Cleantech Innovation Programme for SMEs  (GCIP-SA), was named one of two  overall... 

Famous Brands to launch PAUL café in South Africa in March

By: Megan van Wyngaardt     28th February 2017 JSE-listed franchisor Famous Brands is launching the 128-year-old global bakery-café brand, PAUL, to the local market on March 2, with the opening of its flagship PAUL restaurant, in Melrose Arch, in Johannesburg. There are only three other PAUL stores on the continent in Morocco, Côte d'Ivoire... 

Cummins to grow its Southern African presence as it celebrates 70-years

By: Schalk Burger     24th February 2017 Power and engine multinational Cummins aims to grow its presence in its Southern  African operations, including Botswana, Zimbabwe, Zambia and Mozambique, says Cummins Southern Africa MD Thierry Pimi. The key industries for Cummins in the region are the mining, power generation and automotive... 

Diplomatic doldrums for Pretoria?

By: Keith Campbell     24th February 2017 While much local media attention has been devoted to US President Donald Trump, there has been something that, from a South African perspective, was much more important. This was the outcome of the African Union summit at the end of January. This appears to have been pretty much a diplomatic... 

A380 airliner restored to the Johannesburg route by Emirates

By: Keith Campbell     17th February 2017 Major international airline Emirates, based in Dubai, recently reintroduced the Airbus A380 Superjumbo on to its Dubai-Johannesburg route, to meet growing passenger demand. Previously, the airline had operated the A380 on its Johannesburg route for a few months in 2011/2012, but the market had... 

IBM to train 25m Africans over five years

By: Bloomberg     17th February 2017 Technology group IBM is ramping up its digital-skills training program to accommodate as many as 25-million Africans in the next five years, looking toward building a future workforce on the continent. The US giant plans to make an initial investment of R945-million to roll out the training... 

Hilton Garden Inn Casablanca Sidi Maarouf project, Morocco

By: Sheila Barradas     10th February 2017 Hilton Worldwide has signed a management agreement with Group Sadiki to open its first hotel in Casablanca. 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Emirates returns the A380 airliner to its Johannesburg route

By: Keith Campbell     1st February 2017 Major international airline Emirates, based in Dubai, on Wednesday reintroduced the Airbus A380 Superjumbo on to its Dubai-Johannesburg route, to meet growing passenger demand. Previously, the airline had operated the A380 on its Johannesburg route for a few months in 2011/2012, but the market... 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Moroccan group partners Ethiopian SoE in $3.7bn fertiliser project

By: John Muchira     27th January 2017 Ethiopia has concluded a deal with a Morrocan company to build a giant fertiliser plant as the Horn of Africa nation seeks to secure the supply of fertiliser to the domestic market in order to boost agricultural production. The agreement was signed by Ethiopian State-owned company Chemical... 

Ongoing solar projects promote IPP success 

By: Sascha Solomons     27th January 2017 Global private engineering and technology company Sener and its engineering, procurement and construction (EPC) partners, Emvelo and Cobra, are scheduled to complete the EPC of the 100 MW Ilanga solar thermal power plant near Upington, in the Northern Cape, at the end of 2018. The company... 

Africa’s mineral exploration budget 24% lower y/y in 2016

By: David Oliveira     26th January 2017 Although Africa accounted for 13%, or $916-million, of the global mineral exploration budget in 2016, research from Standard & Poor’s (S&P’s) Global Market Intelligence has revealed that that was 24% lower than in 2015. The continent has, thus, dropped to being the fourth-largest investor in... 

Dragflow Announces Four New Contracts For Custom Dredgers

     12th January 2017 The last quarter of the 2016 has been a busy time for DRAGFLOW technical and manufacturing teams as we received four important orders for custom-made dredgers. In the first place. A contract for five (5) dredgers, model DRH300E23 has won  for sand and gravel extraction in Middle East. The... 

Kasbah, Pala enter agreement to advance Achmmach tin project

By: Megan van Wyngaardt     19th December 2016 To further advance its Achmmach tin project, in Morocco, ASX-listed Kasbah Resources has entered an agreement with mining investor Pala Investments, whereby the latter will acquire 138-million new shares at $0.027 apiece, raising $3.7-million before costs. On closing of the placement, Pala will... 

Construction to continue at Kathu

By: Victor Moolman     16th December 2016 Next year, global engineering and technology company Sener will continue to provide the engineering, procurement and construction services for the 100 MW Kathu concentrated solar power (CSP) project in South Africa’s Northern Cape, in conjunction with its joint venture partner, Acciona. 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

Climate change in the Donald Trump era

By: Saliem Fakir     9th December 2016 Donald Trump's Presidency will, no doubt, have a significant impact on the progress on collective action on the climate change front. The US President-elect has promised to rip apart any semblance that climate change is real. It is said that, in Morocco, the incumbent US climate negotiating team,... 

Asian Minerals, Kasbah Resources acquisition court date postponed

By: Anine Kilian     6th December 2016 Following objections raised by a small number of Kasbah shareholders in relation to TSX-V-listed Asian Mineral Resources’ (AMR’s) proposed acquisition of ASX-listed Kasbah Resources, Australia’s Federal Court of Australia has adjourned the second court hearing date to December 12. The board of... 

Filtration group focuses on product expansion

     25th November 2016 Filtration group CLARCOR Engine Mobile Group released over 250 filtration products in the first half of this year. 

German drive engineering group to expand activities in South Africa

By: Keith Campbell     25th November 2016 German drive engineering group SEW Eurodrive is planning to expand its assembly capacity in South Africa. The company operates 15 manufacturing plants in Germany, France, Brazil, the US and China, which ship components to assembly plants in 75 countries, including South Africa. “We invest in all... 

The State of Energy in Africa

     23rd November 2016 Africa: a continent of vast natural resources is a continent woefully short of electricity. According to Mckinsey Global Institute's February 2015 report "Brighter Africa The growth potential of the Sub-Saharan electricity sector", access to electricity and the ability to consume electricity are... 

Canada accelerates transition to clean power; to phase out coal-fired generation by 2030

By: Henry Lazenby     22nd November 2016 The Liberal Canadian federal government on Monday announced accelerated plans to transition the economy to renewable energy sources, saying it would aim to phase out coal-fired plants by 2030. According to Environment and Climate Change Minister Catherine McKenna, coal-fired electricity... 

Ithmar Capital, World Bank announce first green fund dedicated to Africa

By: Anine Kilian     17th November 2016 The World Bank Group and Moroccan sovereign investment fund Ithmar Capital have entered into a memorandum of understanding (MoU) for the establishment of a Green Growth Infrastructure Facility (GGIF) for Africa, the first Pan-African fund dedicated to green investment on the continent. GGIF will... 

South Africa’s slump in African renewables index reflects Eskom-induced uncertainty

By: Terence Creamer     15th November 2016 South Africa’s ranking in a continent-wide renewable-energy index has plummeted, reflecting the current market uncertainty that has arisen as a result of Eskom’s refusal to sign power purchase agreements (PPAs) with preferred bidders named following the most recent auctions held under the... 

ACWA Power to reassess bullish South Africa stance should Redstone collapse 

By: Terence Creamer     15th November 2016 The head of Saudi Arabian electricity group ACWA Power says that, while the company remains a patient investor in South Africa, the outcome of the current impasse with Eskom relating to its 100 MW Redstone concentrated solar power (CSP) project will be critical to the group’s future investment... 

Marrakech climate conference focuses on cities, towns implementing Paris Agreement

By: African News Agency      11th November 2016 The United Nations Climate Change Conference (COP 22) in Marrakech, Morocco, has put its spotlight on cities, towns and regions around the world that are making efforts to reduce their carbon emissions. These cities and towns are striving to play a key role in implementing the Paris Agreement,... 

IFC study finds climate pact helped open up $23tn in emerging market opportunities

By: Creamer Media Reporter      8th November 2016 A study released on Tuesday by the International Finance Corporation (IFC), a member of World Bank Group, shows that the historic global agreement on climate change adopted in Paris last year helped open up nearly $23-trillion in opportunities for climate-smart investments in emerging markets... 

Ramp up efforts to lower carbon emissions, warns former Greenpeace leader  

By: Kim Cloete     3rd November 2016 Former Greenpeace executive director Kumi Naidoo has called for major changes in a bid to deal with “irreversible, runaway and catastrophic” climate change. He told delegates at the annual Windaba, in Cape Town, that even the approach of the environmental movement and progressive parts of society... 

WWF-SA welcomes South Africa’s ratification of Paris agreement

By: Megan van Wyngaardt     2nd November 2016 Environmental preservation organisation World Wide Fund for Nature – South Africa (WWF-SA) has welcomed South Africa’s ratification of the milestone Paris agreement reached at the twenty-first Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change (UNFCCC).... 

Sub-Saharan Africa making progress in closing gender gap – WEF

By: African News Agency      26th October 2016 Sub-Saharan Africa was progressing solidly in making gender equality a reality, but still faced key obstacles such as getting women out of low-skilled employment. Four nations from Sub-Saharan Africa – Rwanda (5), Burundi (12), Namibia (14) and South Africa (15) made it into the top 20 of the... 

South Africa eyed as potential African production hub for Datsun cars

By: Irma Venter     21st October 2016 South Africa is the ideal place to produce Datsun vehicles for Africa, “but not today”, says Datsun global head Vincent Cobee. Africa as a continent, with its rapidly growing middle class, is every consumer product company’s dream, he notes. However, it is also a highly complex market, made up of... 

Futurist outlines four trends that will radically alter business practices

By: Ilan Solomons     14th October 2016 We are living at a remarkable time in history, where history itself is changing, said futurist and strategy consultant Dr Graeme Codrington at engineering and environmental consulting firm Jones & Wagener’s 50-year celebration function in Johannesburg, on Thursday evening. In a presentation... 

BHP to test solar for remote mine sites as renewable costs fall

By: Bloomberg     11th October 2016 BHP Billiton, which forecasts wind and solar energy can achieve price parity with rival sources within a decade, is partnering in a battery-storage project to test technology that could be adopted at its remote sites. The world’s biggest miner is participating with partners, including Origin... 

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