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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,... 

Woodside expands African footprint with Gabon contract

By: Esmarie Swanepoel     11th August 2014 Australian oil and gas producer Woodside has acquired a 40% interest in an exploration sharing contract with Noble Energy, in the Gabon coastal basin. The company said on Monday that the block is located some 140 km off the south-western coast of Gabon and covered 2 700 km2, in water depths... 

Rotary kilns use and selection highlighted

By: Ilan Solomons     8th August 2014 Original-equipment manufacturer of thermal processing, agglomeration and materials handling equipment Feeco International is providing a range of process technology, including thermal processing systems, for several African countries. Feeco has recently supplied equipment, including rotary... 

Safeguard duties imposed on frozen potato chips

By: Callie Lombard     8th August 2014 Frozen potato chips safeguard On July 25, the South African Revenue Service (Sars) imposed a final (definitive) safeguard on frozen potato chips (or French fries), classifiable under tariff subheading 2004.10.20, through two Government Gazette notices. The safeguard of 40.92% was imposed from... 

Unisa to head local Obama Young African Leadership Initiative centre 

By: Leandi Kolver     5th August 2014 The University of South Africa (Unisa) will head the education alliance tasked with running the South African leadership centre to be established as part of US President Barack Obama’s Young African Leadership Initiative (Yali).The university will be required to provide quality expertise in... 

Delta International eyes $250m acquisition pipeline in Africa

By: Natasha Odendaal     28th July 2014 Delta International has embarked on a programme that would see the recently reverse-listed property fund potentially acquire $250-million of assets across Africa. The Africa-focused group raised more than $87-million through a private placement to kick-start its growth ambitions and people were... 

European Energy Manager training introduced to SA

By: Creamer Media Reporter      18th July 2014 The South African-German Energy Partnership is introducing European Energy Manager (EUREM) training to South Africa. The aim of this energy partnership initiative, with the financial support of the German Federal Ministry for Economics and Energy, is to enable industrial stakeholders to put... 

Kasbah signs MoU for Uganda tin project

By: Leandi Kolver     7th July 2014 ASX-listed Kasbah Resources has signed an exploration farm-in agreement with the wholly owned Ugandan subsidiaries of Australian Starfield Metals, for the 96 km2 Kikagati tin project, in south-western Uganda. Under the terms of the memorandum of understanding, Kasbah had an exclusive option to... 

Woodside signs on for exploration offshore Morocco

By: Esmarie Swanepoel     4th July 2014 Australian oil and gas major Woodside has agreed to a farm-in with Chariot Oil & Gas over the Doukkala basin, offshore Morocco. CEO Peter Coleman said on Friday that the farm-in provided an opportunity to secure a large acreage footprint in an emerging petroleum province that was prospective for... 

Bombardier Showcases Latest Technology at Africa Rail

     1st July 2014 Rail technology leader Bombardier Transportation is today participating in the Africa Rail exhibition in Johannesburg. The event will offer a showcase for the company’s latest offerings and increasing experience in the rail market across Africa. Bombardier provides the full spectrum of rail... 

SA’s mobile broadband speeds continue to lag

By: Natasha Odendaal     30th June 2014 While South Africa’s mobile connection speeds surpassed that of two other countries within the Brazil, Russia, India, China and South Africa (Brics) economic bloc, it remained at the lower end of the scale in a quarterly survey of 56 countries. Akamai Technologies’ State of the Internet report... 

SA prepayment meter specialist poised to intensify assault on African market

By: Terence Creamer     27th June 2014 South African prepayment electricity meter specialist Conlog has signalled its intention to aggressively accelerate its African and international expansion strategy in a bid to build on its already impressive installed base of eight-million units, which have been deployed across South Africa and... 

ADSoftware delivers Aviation Maintenance solution on Cloud to Heliconia

     24th June 2014 ADSoftware is pleased to announce that Heliconia Group has chosen to implement its AirPack MRO software solution, following the company’s latest Business Intelligence and Data Exchange technology upgrade. Earlier this year, Moroccan and French helicopter operator, Heliconia, was looking for a... 

Components on display at expo

     20th June 2014 Automotive components will be on display during the 2014 Global Automotive Components and Suppliers Expo, running from June 24 to 26, in Messe Stuttgart, Germany. 

Credit growth slowing in emerging markets – Fitch

By: Natalie Greve     19th June 2014 Although global real lending growth picked up slightly to 4.6% in 2013, it may slow in 2014 as a slowdown in emerging markets outside Europe outweighs a weak recovery in the developed world, Ratings agency Fitch said in its latest Macro-Prudential Risk Monitor, released on Thursday. On the basis... 

Morocco initiates safeguard investigation into cold-rolled and plated sheets

By: Natasha Odendaal     18th June 2014 Morocco has called on interested stakeholders to provide input and evidence as a safeguard investigation on cold-rolled sheets and plated or coated sheets gets under way. The World Trade Organisation (WTO) committee on safeguards this week said it had been notified of the investigation, which... 

52 Nationalities Registered to Visit AB7 and SAITEX

     18th June 2014 With less than one week to go until Africa’s biggest business opportunities expo opens, visitors from 52 nations have already registered online to attend this world-renowned event. Together, Africa’s Big Seven and the Southern African International Trade Exhibition represent the single biggest... 

Conlog poised to intensify assault on burgeoning African prepayment market 

By: Terence Creamer     11th June 2014 South African prepayment electricity meter specialist Conlog has signalled its intention to aggressively accelerate its African and international expansion strategy in a bid to build on its already impressive installed base of eight-million units, which have been deployed across South Africa and... 

ICT job creation initiative gets $1m boost 

By: Creamer Media Reporter      3rd June 2014 Job creation in South Africa’s information and communication technology (ICT) sector has received a $1-million boost. Philanthropic organisation, the Rockefeller Foundation, has made a $1-million grant available to South African ICT services provider EOH to support the local company’s Youth Job... 

Tangiers raising gathers momentum

By: Esmarie Swanepoel     27th May 2014 Junior oil and gas explorer Tangiers Petroleum has raised some A$4-million through a share placement to institutional and sophisticated investors, to meet the funding requirements of its Tarfaya farm-out agreement, in Morocco. The A$4-million was raised through the issue of 25-million shares, at... 

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