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Kenya joins Africa Finance Corporation

By: Megan van Wyngaardt     21st June 2017 Kenya is the latest country to become a member of Pan-African multilateral development finance institution, the Africa Finance Corporation (AFC).   Kenya is the AFC’s fifteenth member and its third East African member after Rwanda and Uganda. The other members are Cabo Verde, Chad, Côte d’Ivoire,... 

Africa should embrace private sector infrastructure investment

By: Irma Venter     19th June 2017 The public sector in Africa should understand and nurture the idea that increased private sector investment in infrastructure is the best way to achieve “intense job creation”, and to incentivise funding and skills transfer, says Nigerian Society of Engineers infrastructure and public-private... 

Tanzania says Barrick agrees to pay money owed to government

By: Bloomberg     14th June 2017 Tanzania’s presidency said Barrick Gold Corp is willing to reimburse money that’s owed to the government, after President John Magufuli accused subsidiary Acacia Mining of failing to pay billions of dollars of taxes. Acacia surged as much as 11%. Barrick executive chairperson John Thornton met... 

Tanzania claims threaten Acacia's 'very existence' – CEO

By: Reuters     14th June 2017 Acacia Mining's "very existence" has been jeopardised by accusations of wrongdoing levelled against it by the Tanzanian government, chief executive Brad Gordon said in an internal memo seen by Reuters. In the memo, Gordon denied accusations of tax evasion and forging documents to avoid paying... 

Kenya government to guarantee $750m in Kenya Airways debt

By: Reuters     6th June 2017 Kenya will offer $750-million in guarantees to Kenya Airways' existing creditors to help the heavily-indebted carrier secure financing from other sources to complete its recovery, a cabinet document showed on Tuesday. The guarantees, approved by the cabinet, will cover $525-million owed to the US... 

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... 

UN sends troops to CAR diamond-mining town

By: Bloomberg     17th May 2017 The United Nations (UN) said it plans to deploy more peacekeeping forces in the Central African Republic (CAR) diamond-mining town of  Bangassou to stem a recent wave of violence. Almost three quarters of the 35 000 inhabitants of the southeastern town need humanitarian assistance following the... 

Mombasa-to-Nairobi rail line set for commissioning

By: John Muchira     12th May 2017 Kenya is gearing up for a new era in railway transport with the impending commissioning of a standard-gauge railway (SGR) system on June 1. The East African nation has depended on a dilapidated metre-gauge railway line for more than a century, but that is about to change, following the completion... 

FAO to lead Africa’s intervention against fall armyworm

By: Anine Kilian     5th May 2017 The United Nations Food and Agriculture Organisation (FAO) has been tasked with coordinating control and management interventions to combat the fall armyworm infestation in Africa. Centre for Agricultural and Biosciences International sanitary and phytosanitary coordinator Dr Roger Day estimates... 

EIB provides €95m support for East African entrepreneurs

By: Mia Breytenbach     5th May 2017 The European Investment Bank (EIB) has signed two new credit lines for East-Africa for €95-million, or about Kshs(Kenyan Shilings)10.45-billion, to be made available through financial institutions Equity Bank and HFC Limited to support smaller local projects in Kenya, Tanzania, the Democratic... 

Kenya’s Konza Techno City emerging as Africa’s smart-city frontrunner

By: Schalk Burger     28th April 2017 The Konza Techno City, in Kenya, being developed about 60 km south-east of Nairobi, will be a smart city to better serve citizens and manage city operations, says wireless connectivity firm Ruckus Wireless sub-Saharan Africa sales director Riaan Graham. The focus will be on service delivery,... 

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... 

Plans unveiled for 300-m-tall Nairobi skyscraper

By: John Muchira     21st April 2017 Real estate company Hass Group has unveiled plans to build what will be Africa’s tallest skyscraper in Nairobi, Kenya. The $191-million Hass Tower will be built by China State Construction Engineering Corporation (CSCECC). It will be 300 m tall and will have 67 storeys. 

Kenyan fabricator enters partnership with welding institute

     14th April 2017 The Southern Africa Stainless Steel Development Association (Sassda) facilitated a visit for Kenya-based stainless steel fabricator Desbro Engineering to several South African counterparts, resulting in a training partnership between Desbro and the South African Institute of Welding (SAIW).... 

Manufacturing East Africa opens doors for growing SA manufacturers

     3rd April 2017 The inaugural Manufacturing East Africa conference will be hosted in Nairobi, Kenya from the 19 – 20 April 2017 and has been developed to explore and address the growing need for intra-Africa trade across the continent.  The event will comprise a 1 day conference, manufacturing competitiveness... 

Kenya adopts South Africa’s Green Star rating system

By: Natasha Odendaal     29th March 2017 The Kenya Green Building Society (KGBS) has signed a Green Star license agreement that will see it use the Green Building Council of South Africa’s (GBCSA’s) Green Star rating system and trademark in Kenya for certification of green buildings. The licence will also be used to train and accredit... 

EIB backs last-mile power connectivity in Kenya

By: Terence Creamer     27th March 2017 The European Investment Bank (EIB) has signed a €60-million loan agreement with Kenya to support an ongoing project designed to connecg 300 000 Kenyan households to the national electricity grid. The loan for Kenya Power’s ‘Last Mile Connectivity’ project forms part of a “blended” €180-million... 

Peugeot vehicles to be assembled in Kenya

     24th March 2017 French multinational automotive manufacturer General Motors and Peugeot-Citroen (PSA Group) and motor dealer Urysia Limited Authorised Peugeot Dealers, will begin in June with supplying a yearly volume of over 1 000 Peugeot units in order to meet the expectations of the Kenyan market.  

Japanese consortium wins contract to build 140 MW Kenya geothermal plant

By: John Muchira     17th March 2017 A consortium led by Japan's Mitsubishi Corp has been awarded a $555-million contract to build a geothermal power plant in Kenya. Mitsubishi Corp will partner with Mitsubishi Hitachi Power Systems (MHPS), also of Japan, and Kenyan firm H Young & Co (HY) to construct a 140 MW geothermal power plant... 

South African airports rank highly in Africa in service quality awards

By: Keith Campbell     7th March 2017 South African airports occupy two of the top three places for major airports in the Africa region in the 2016 Airport Service Quality (ASQ) Awards, Airports Council International World (ACI World) announced in Montreal, Canada, on Monday. In this category, defined as airports handling more than... 

Boeing establishes offices in South Africa, Kenya

By: Megan van Wyngaardt     28th February 2017 The Boeing Company has opened two new offices in Africa, one in Johannesburg and another in Nairobi, Kenya. The offices will be managed by Boeing International sub-Saharan Africa MD and Boeing Commercial Airplanes Africa international sales director Miguel Santos, in Johannesburg, and market... 

DEHN Africa extends CPD course to Kenya

     27th February 2017 Lighting and surge protection solutions provider, DEHN Africa recently hosted its first CPD seminar in Nairobi, Kenya, with the assistance of the Institute of Engineers of Kenya (IEK). DEHN Africa frequently holds seminars, training and workshops as part of its education institution, DEHNacademy.... 

Barclays Africa plans Kenya gold ETF listing early this year

By: Chanel de Bruyn     27th February 2017 Barclays Africa Group is preparing to list its NewGold ETF on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take place early this year,’’ Michael Mgwaba, head of exchange traded products at Johannesburg-based... 

African companies are models for ingenuity and innovation – report

By: Megan van Wyngaardt     24th February 2017 Sustainable business models could open up economic opportunities of up to $12-trillion across 60 global hot spots, and contribute to an increase in employment of up to 380-million jobs by 2030, the Business and Sustainable Development Commission’s ‘Better Business, Better World’ report states.... 

Significant growth ensures positive future for defence company

     24th February 2017 Swedish security and defence group Saab’s South African defence and security company Saab Grintek Defence (SGD) has expanded its client base and grown its staff complement, explaining that Saab Grintek Defence has a solid order book to 2020, firmly positioning the South African security and... 

Mali gold

By: Terry Mackenzie-hoy     10th February 2017 There has to be somebody out there who watches Gold Rush on TV. A short summary is as follows: three different crews are mining for alluvial gold in Alaska. In the programme, every tenth sentence contains the G word: "Hey, look! It's gold!" and "I'm sure we'll find gold!" You get the idea? Last... 

Africa’s premier professional bootcamp to grace SA this February

     6th February 2017 Launched in 2016 by She Leads Africa, a social enterprise that encourages African women to build the businesses and careers of their dreams, SheHive is gearing up for a South African take over like no other this February. SheHive, an innovative professional bootcamp, which has been hosted in key... 

Careful planning required for successful smart city development

By: Dylan Slater     3rd February 2017 The development of so-called smart cities requires careful planning – planning that requires a careful balance between conventional and modern technology, as well as computerised and human interactions.  

Industry needs to adapt to digital technology to improve

By: Victor Moolman     3rd February 2017 To remain competitive this year, companies in the materials handling and logistics industry will be forced to act to optimise efficiency, improve business processes and advance the customer experience, says technology solutions provider Jasco Enterprise service portfolio manager Ian Summerfield. 

Uganda says funding secured for new standard-gauge railway line

By: John Muchira     3rd February 2017 As Kenya gears up to commission the first phase of a standard-gauge railway (SGR) line running from the coastal city of Mombasa to Nairobi, the capital city, in June, neighbouring Uganda has closed financial agreements with Exim Bank of China for the construction of its own SGR line, which will... 

Africa’s rapid urbanisation a boon for ICT sector – Siemens

By: Schalk Burger     27th January 2017 African governments and the private sector have an opportunity to roll out services for digital access and use as a utility, which will extend information and communication technology (ICT), improve digital maturity, and help to develop Africa and its cities to deal with urbanisation, says... 

Solar opportunities raised at exhibition

     27th January 2017 After the success of Solar Africa 2015, at the Kenyatta International Convention Centre (KICC) in Nairobi, Kenya, organiser of trade events Expogroup announced the return of Solar Africa 2017 from June 10 to 12. Expogroup highlights that one of the major challenges in the renewable energy... 

Why the future need not be so bleak

By: Saliem Fakir     27th January 2017 Sometimes environmental dystopia can obscure progress. As the global climate negotiation process moves along, it is interesting to see how the climate change and fossil fuel debate is beginning to reshape our world. Change may happen faster and more disruptively than we may think. Here is a... 

Fourteen airport rail links planned in Africa, including two more in SA

By: Irma Venter     16th December 2016 There are more than 7 000 airports indexed at the International Air Transport Association (Iata), with 600 of those handling more than 1-million passengers a year. Around 150 of these 600 airports have rail access directly to the terminals, with only 23 of the 150 featuring dedicated,... 

Fourteen airport rail links planned in Africa, including two more in South Africa

By: Irma Venter     15th December 2016 There are more than 7 000 airports indexed at the International Air Transport Association (Iata), with 600 of those hand- ling more than one-million passengers a year. Around 150 of these 600 airports have rail access directly to the terminals, with only 23 of the 150 featuring dedicated,... 

Tamagotchi and Van der Bijl

By: Riaan de Lange     9th December 2016 November 23, twenty years to the day, which saw the sale of the first Tamagotchi, created in Japan by Akihiro Yokoi and Aki Maita. If you are old enough to remember, or even care to remember, it quickly became one of the biggest toy fads of the 1990s, particularly in the United States of America... 

Prioritizing renewable energy and energy efficiency to accelerate growth in Africa

     7th December 2016 ABB supported a number of pledges signed by world leaders at COP21 in Paris, including a commitment to scale up renewable energy and help emerging economies transition their markets for energy efficient products. At COP22, ABB showed how this commitment translates into solutions and services that... 

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