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AfDB supporting more countries to advance climate-smart initiatives

By: Sashnee Moodley     20th March 2015 Through its climate investment fund (CIF), the African Development Bank (AfDB) now supports one regional and 25 national investment plans across Africa. 

Nuclear power has advantages for Africa

By: Keith Campbell     18th March 2015 The International Atomic Energy Agency (IAEA) is committed to helping all African countries seeking to adopt nuclear energy. This assurance was given by IAEA director general Yukiya Amano on Wednesday. "Nuclear power has obvious advantages for countries in Africa," he said. "Africa is a high... 

Kasbah improves Achmmach economics

By: Esmarie Swanepoel     18th March 2015 An enhanced definitive feasibility study (DFS) into the Achmmach tin mine, in Morocco, has delivered a 35% increase to the project’s net present value (NPV), while reducing expected preproduction capital costs by 18%. The 2014 DFS had estimated that a capital investment of $181-million would be... 

North African cities offer greatest opportunity – PwC

By: Natalie Greve     17th March 2015 A report by professional services firm PwC investigating Africa’s most “dynamic” and “future-focused” cities has identified North African cities Cairo, in Egypt, Tunis, in Tunisia, Algiers, in Algeria, and Casablanca, in Morocco, as well as South Africa’s Johannesburg as those offering the... 

Political instability in oil-producing regions a risk to emerging market investment – report

By: Natalie Greve     5th March 2015 Topping the list of political risks facing emerging market investors is the increasing instability in already-fragile oil-producing countries such as Iran, Iraq, Libya, Russia and Venezuela as a consequence of the low oil price, Aon Risk Solutions’ 2015 Political Risk Map revealed this week.... 

AfDB supports more countries to advance climate-smart initiatives

By: Sashnee Moodley     27th February 2015 Through its climate investment fund (CIF), the African Development Bank (AfDB) now supports one regional and 25 national investment plans across Africa. 

Global crude steel production at 133 Mt for January

By: Megan van Wyngaardt     20th February 2015 Global crude steel production decreased by 2.9% year-on-year to 133-million tonnes in January, the World Steel Association (worldsteel) said on Friday. Of the 65 countries reporting to the association, China had the highest crude steel production for the month, with 65.5-million tonnes, a 4.7%... 

More accurate digital migration progress database to be established

By: Natasha Odendaal     17th February 2015 On June 16, 2006, hundreds of countries agreed to a June 17, 2015, deadline to switch off their analogue transmissions; however, insufficient tabs had been kept on the status of the countries’ transition to digital broadcasting and a new platform has been proposed by the International... 

Pura Vida raises cash

By: Esmarie Swanepoel     13th February 2015 Emerging oil explorer Pura Vida Energy is hoping to raise A$4-million through a share placement, as the company starts a drilling campaign offshore Morocco. The junior reported on Friday that it would issue about 11.15-million shares, at 36c each, to raise the capital. 

Global wind generation capacity grows by record 44% in 2014

By: Natalie Greve     11th February 2015 After a slowdown in 2013, the wind industry set a new record for yearly installations in 2014, adding 51 477 MW of wind generating capacity globally, the Global Wind Energy Council (GWEC) has revealed. The record-setting figure, which brought total cumulative installations to 369 553 MW,... 

World economy doing better than one might think – expert 

By: Kim Cloete     10th February 2015 Despite two huge global disturbances – the burst of the technology bubble and what’s become known as the Great Recession in 2008/9 – world GDP growth has been stronger in the past decade than in the prior two decades. “The world economy has been stronger than many people seem to believe. It’s not... 

Good and bad news for SA in international open government report

By: Keith Campbell     30th January 2015 To start: absolutely nothing justified the murderous attack on the French satirical magazine Charlie Hebdo or on a kosher supermarket, in Paris, early this month. Both were expressions of murderous bigotry. (Alas, bigots are to be found everywhere, but, fortunately, most are not killers.) Of... 

India revives sovereign fund for overseas fertilisers

By: Ajoy K Das     29th January 2015 With India’s foreign exchange reserves touching an all-time high of $322-billion, the country’s Department of Fertilisers has revived a three-year-old proposal to create a sovereign fund for the acquisition of mineral assets overseas. An official said that the proposal was still at a nascent... 

East–West highway project, Algeria

By: Sheila Barradas     23rd January 2015 The East–West highway development is one of the world’s largest highway construction projects. 

Kasbah gets final enviro nod at Achmmach

By: Esmarie Swanepoel     13th January 2015 Tin hopeful Kasbah Resources was a step closer to production at its Achmmach project, in Morocco, after receiving final acceptance for the environmental- and social-impact assessment, as well as completing collective farmland rental agreements and signing in-principal community development... 

Woodside and Adani hunt for LNG opportunities

By: Esmarie Swanepoel     12th January 2015 Australian oil and gas major Woodside Petroleum has inked a memorandum of understanding (MoU) with Indian multinational conglomerate Adani to hunt for and develop potential liquefied natural gas (LNG) assets. Under the terms of the non-binding MoU, Woodside and Adani agreed to cooperate in... 

Challenges continue to impact regional integration in Africa – report

By: Megan van Wyngaardt     5th January 2015 Overlapping memberships, limited financing, uneven commitment and slow project implementation are some of the challenges facing regional economic communities (RECs) in terms of regional integration and financing development, Zimbabwe-based research firm Africa Capacity Building Foundation (ACBF)... 

Woodside and BP agree to explore Canadian waters

By: Esmarie Swanepoel     18th December 2014 Oil and gas producer Woodside has finalised an agreement with major BP over a farm-in offshore the Scotian basin, in Canada. Woodside on Thursday told shareholders that it would acquire a 20% participating interest in four exploration licenses in the Scotian basin, while BP would remain operator... 

Fiscally committed oil exporters most exposed to low oil prices – Moody’s

By: Henry Lazenby     10th December 2014 Oil-exporting countries heavily reliant on oil revenues and committed to large spending programmes were most likely to have difficulty accommodating low oil prices, Moody's Investors Service said on Wednesday. In its report ‘Global oil price volatility: Oil-exporting sovereigns with limited... 

Woodside adds more acreage in Africa

By: Esmarie Swanepoel     26th November 2014 Australian oil and gas major Woodside has again increased its foothold in Africa, announcing on Wednesday that it had entered into a contract for a reconnaissance licence offshore Morocco. The company told shareholders that it had entered into an exclusive contract with the national oil company... 

Cellphones top basic services, Africa survey reveals

By: Sapa     19th November 2014 More people across Africa have access to a cellphone network than they do to electricity, piped water, or a health clinic, according to the latest Afrobarometer released on Wednesday. The survey, titled "Developing Africa's Infrastructure: the Rough Road to Better Services", also highlights... 

Boeing strengthening its already significant cooperation with SA

By: Keith Campbell     14th November 2014 Major US aerospace group Boeing is continuing to strengthen its cooperation with South African companies and institutions. “We already have strong relationships with Aerosud, with Cobham Aviation (wi-fi antennas) and with 43 Air School,” points out Boeing Commercial Airplanes Director:... 

Africa ripe for agrochemicals growth 

By: Natasha Odendaal     28th October 2014 Africa’s underdeveloped agrochemicals market has presented AECI’s agrochemical solution business, Nulandis, with a double-digit growth opportunity to cement its place in the agriculture sector, particularly within the smallholder farmer industry. This emerged at AECI’s investor day, held in... 

Safi thermal power plant project, Morocco

By: Sheila Barradas     24th October 2014 The project involves the construction of a 1 386 MW coal-fired power plant in the coastal city of Safi, in southern Morocco. 

Global steel production flat in September

By: Creamer Media Reporter      22nd October 2014 Global crude steel output in September, at 134.4-million tonnes, was marginally lower than the 134.5-million tonnes produced in September 2013. According to the World Steel Association (worldsteel), China produced 67.5-million tonnes of crude steel in September, similar to that produced in... 

Woodside signs another farm-in offshore Africa

By: Esmarie Swanepoel     14th October 2014 Australian oil and gas major Woodside has finalised a farm-in agreement with majors Noble Energy and Glencore over the Tilapia production sharing contract (PSC), off the coast of Cameroon. Under the agreement, Woodside would acquire a 30% non-operating interest in the 3 875 km2 block, which is... 

Starfield’s Uganda tin mining licence revoked – Kasbah

By: Creamer Media Reporter      3rd October 2014 Australia-listed mineral exploration and development company Kasbah Resources reported on Friday that fellow Australian junior Starfield Metals had lost a mining licence in Uganda, in which it was meant to earn a stake. Kasbah said Starfield had advised that the revocation of its mining licence,... 

ERP giant to invest $500m to 2020 to boost African operations

By: Schalk Burger     12th September 2014 Enterprise resource planning giant SAP will invest $500-million in its African operations until 2020, with the short-term aim of broadening its skills development initiatives and local presence on the continent, says SAP Africa CEO Pfungwa Serima. “Each quarter, SAP Africa will motivate its... 

Africa’s investment shine dulls in 2014 – report 

By: Natalie Greve     10th September 2014 A recent report by Rand Merchant Bank (RMB) has revealed a drop in Africa’s investment attractiveness ratings in 2014, with 22 countries receiving lower scores than last year. The fourth yearly ‘Where to Invest in Africa 2014/15 – A Guide to Corporate Investment’ report showed that some of the... 

Liberalisation seen as key to catalysing Africa’s air transport sector

By: Keith Campbell     5th September 2014 Worldwide, aviation safely transports more than three billion people a year. It is, as the International Air Transport Association (IATA) points out, the safest form of transport there is. Everywhere, aviation has become a key factor in economic growth. Africa is no exception. Across the... 

Liberalisation seen as key to catalysing Africa’s air transport sector

By: Keith Campbell     5th September 2014 Worldwide, aviation safely transports more than three billion people a year. It is, as the International Air Transport Association (IATA) points out, the safest form of transport there is. Everywhere, aviation has become a key factor in economic growth. Africa is no exception. Across the... 

BASF opens concrete admixture production facility in Nairobi, Kenya

     1st September 2014 BASF yesterday inaugurated its new production plant for concrete admixtures in Nairobi. The production  site  will  allow  BASF  to  better  meet  the  increasing demand for construction chemicals of customers in Eastern Africa. There, BASF produces standard and custom-made performance admixtures... 

'Manage expectations,' Woodside's Coleman tells African countries

By: Esmarie Swanepoel     29th August 2014 Oil and gas major Woodside on Friday called on emerging African resource nations to carefully consider implementing any policy changes that could scare away foreign investment. Speaking at the second day of the East Africa Oil and Gas conference, Woodside CEO Peter Coleman said that there were... 

Turkish battery manufacturer lifts earnings at SA components group

By: Irma Venter     29th August 2014 Component manufacturer Metair has reported a 32% increase in revenue for the six months ended June 30, to R3.23-billion, compared with the same period last year. Operating profit was up 16%, to R319-million. These interim results included the first full-period contribution from Turkish... 

SA steel output down 1.5% y/y in July

By: Creamer Media Reporter      20th August 2014 South Africa’s crude steel production fell 1.5% year-on-year to 610 000 t in July, compared with the 619 000 t produced in July 2013. However, according to the latest World Steel Association (worldsteel) statistics, Africa’s crude steel output rose 21.2% year-on-year to 1.5-million tons in July,... 

Woodside reports record profits in H1

By: Esmarie Swanepoel     20th August 2014 Oil and gas producer Woodside Petroleum has reported record half-year after-tax net profit for the six months ended June, underpinned by record production and record operating revenue. ASX-listed Woodside on Wednesday reported that after-tax net profit had increased by 27% year-on-year to... 

Turkish delight offsets African headache for Metair

By: Irma Venter     18th August 2014 Component manufacturer Metair on Monday reported a 32% increase in revenue for the six months ended June 30, to R3.23-billion, compared with the same period last year. Operating profit was up 16%, to R319-million. These interim results included the first full-period contribution from Turkish... 

Competition for oil and gas production in Africa steps up

By: Kim Cloete     14th August 2014 Many countries in Africa remain a beacon for investment in the oil and gas industry, with around 8% of the world’s untapped proven oil reserves on the continent, said PwC Africa Oil and Gas Advisory leader Chris Bredenhann. Speaking at a South African National Energy Association (Sanea) meeting,... 

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