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Cushman & Wakefield Excellerate Advisory appoints Gavin Klarmann to head its comprehensive property occupier and investor advisory services

     23rd September 2016 Cushman & Wakefield Excellerate Advisory has received a considerable boost with the appointment of real estate industry veteran Gavin Klarmann, who is committed to continue driving property advisory disciplines forward in South Africa, and delivering the best international standards in the local... 

Entrepreneurs form joint venture to boost renewable energy service

By: Dylan Slater     23rd September 2016 With over 600-million people in Africa living without electricity, four entrepreneurs have joined forces in an effort to reduce this volume of people without access to electricity with the formation of renewable energy company ePower Holdings.  

IoT solution helping to reduce electricity line losses in Nigeria

By: David Oliveira     23rd September 2016 Global information and communications technology (ICT) services provider Huawei’s advanced metering infrastructure (AMI) solutions have enabled energy conglomerate Sahara Group’s Nigerian Ikeja Electric power distributor to reduce line losses from 46.2% to 11.6% This has led to electricity bill... 

Lafarge Africa raises 60bn naira in bond issues

By: Reuters     22nd September 2016 Lafarge Africa said on Thursday it has raised 60-billion naira ($184-million) by issuing three and five-year bonds through book building. The local unit of the world's biggest cement maker, LafargeHolcim, issued a three-year bond at 14.25% to raise 26.38-billion naira and sold a five-year bond at... 

Ghana could be Africa's number four oil producer by 2020 – report

By: Reuters     22nd September 2016 Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240 000 bl/d, pan-African bank Ecobank said on Wednesday. The West African country produces around 103 000 bl/d ranking it ninth, far behind... 

Education Innovations in Africa Could Level Playing Field for Millions of Students Worldwide

     22nd September 2016 African public-private partnerships are fast-tracking education improvement from primary school to university, potentially levelling the playing field for millions of students worldwide. In the face of electricity shortages and over-crowding, African public-private partnerships are integrating... 

Emerging economies to drive global speciality chemicals growth

By: Anine Kilian     21st September 2016 The consumption of speciality chemicals globally is expected to increase by 5% between 2015 and 2019, driven primarily by emerging markets, says Frost & Sullivan Chemicals Materials and Food Industry analyst Constance Nyambayo. Countries that have traditionally been at the forefront of the... 

Releasing spectrum will lower data costs – MTN

By: News24Wire      21st September 2016 MTN officials have told Parliament that the release of available spectrum would, in theory, lower data costs. South Africa has yet to migrate to digital broadcasts, a key requirement for opening up radio spectrum for faster and more widespread mobile internet services. 

SKA South Africa makes the cut as finalist for Bentley Systems’ awards

By: Ilan Solomons     21st September 2016 Global infrastructure software manufacturer Bentley Systems has announced the project finalists for its 2016 Be Inspired Awards. The annual awards honour the “extraordinary work” of Bentley users advancing infrastructure design, construction and operations worldwide. Ten independent jury panels... 

More than $1bn in Power Africa commitments finalised – USAID chief

By: Reuters     21st September 2016 More than $1-billion in debt and financing commitments from US agencies and private investors is set to be announced on Wednesday for US President Barack Obama's signature Africa energy initiative, Power Africa, a top USAID official said. The latest deals were finalized around a US-Africa... 

IFC, UK govt to develop solar energy prospects in Nigeria

By: Megan van Wyngaardt     20th September 2016 The International Finance Corporation (IFC) and the UK Department for International Development (DFID) are facilitating the deployment of off-grid and embedded solar in Nigeria. Through this partnership, IFC’s Off-Grid and Embedded Solar Market Development and Finance Programme, and DFID’s Solar... 

Private equity in Africa loses its shine

By: Reuters     16th September 2016 Major private equity firms have seen a number of top management departures in Africa, individuals familiar with the matter said, as the funds grapple with investments hurt by a weak economy. US firm Carlyle, Standard Chartered and emerging market-focused Actis have all seen a change of top... 

Airbus Group sees helping African aeronautics sector as good business

By: Keith Campbell     15th September 2016 The Airbus Group (parent of Airbus, Airbus Defence and Space and Airbus Helicopters) is committed to help develop aeronautical industries in Africa, because it believes that this makes good business sense. For the Group, Africa is defined as sub-Saharan Africa plus Morocco (with Egypt, Libya,... 

Ascendis focuses on international growth

By: Megan van Wyngaardt     14th September 2016 Despite its results being impacted by offshore acquisitions and its headline earnings per share (HEPS) dropping 30% to 56c in the year ended June 30, health and care company Ascendis Health still reported a 41% increase to R613-million in normalised earnings before interest, taxes, depreciation... 

Third Year In A Row: 13 Global Awards For Broll

     14th September 2016 In the much coveted global real estate survey, Broll Property Group, a CBRE affiliate was given 13 international awards with overall award for leading Advisors and Consultants in Africa. Broll Property Group won 13 awards in the Euromoney Real Estate Awards 2016. 

DCD’s Husky 2G takes the lead in route clearance

     13th September 2016 The recent fitment of a Route Clearance Platform Autonomous Control Kit (RC-PACK) on the DCD Portable Mobility (DCD PM) Husky 2G design has maximised DCD’s vehicle-mounted mine detector (VMMD) system – making this Husky model the most strategically important item in the route clearance convoy.... 

Cummins Africa opens CNG training facility 

By: Schalk Burger     9th September 2016 Power and engine multinational Cummins Africa has added a compressed natural gas (CNG) engine training programme to the courses available at its Kelvin View training facility, in Gauteng, to support the growing use of CNG engines in public transport and power generation, says Cummins Africa... 

Old Mutual to increase agriculture, real estate investment through Nigerian partnership

By: Mia Breytenbach     9th September 2016 Asset management group Old Mutual Investment Group (OMIG) plans to expand its commercial real estate and agriculture footprints in Africa through a partnership with wealth fund the Nigerian Sovereign Investment Authority (NSIA). The partnership, signed in Abuja, Nigeria, last month, will allow... 

SAIW continues to make significant contributions to education

By: Victor Moolman     9th September 2016 Despite there being a decline in enrolments in inspector and competent persons courses for welding, the Southern African Institute of Welding (SAIW) continues to be well positioned to make a significant contribution to capacity building through its education and training programmes. 

Exciting New Solar Energy Company Set to Light Up Communities All Over Africa

     8th September 2016 The world is moving towards clean renewable resources yet in Africa, we still have over 600 million people living without electricity.   Statistics such as these are easy to overlook. Four entrepreneurs Tariq Yusuf, Brent Peterson, Rudi van der Westhuizen and Thlopie Motsepe have joined forces to... 

Kenya to assemble the Polo Vivo from South African kits

By: Irma Venter     8th September 2016 Volkswagen aims to start assembly of the Polo Vivo in Kenya at the end of this year. Kenya will be the first global market outside South Africa to sell the Vivo. Volkswagen South Africa (VWSA) MD and chairperson Thomas Schaefer and the Kenyan government signed the deal for the new plant in the... 

New native nickel discovery defies understanding

By: Esmarie Swanepoel     7th September 2016 Privately held Comet Minerals has unveiled a new style of native nickel mineralisation at its Titan deposit, in Nigeria. The discovery is believed to be the first of its kind, with the native nickel appearing in sizes of up to 5 mm, at 90% nickel. 

Hyprop vacancies fall, FY distributions rise 14.2% y/y

By: Megan van Wyngaardt     2nd September 2016 Specialist shopping centre real estate investment trust Hyprop has reported double-digit growth for the year ended June 30, off the back of its defensive quality shopping centre portfolio. Hyprop declared a total distribution of 619.9c a share for the full year, up 14.2% on the prior year, with... 

African auto association initiates talks with Nigeria on policy support

By: Irma Venter     2nd September 2016 A delegation from the African Association of Automotive Manufacturers (AAAM), led by chairperson Jeff Nemeth, has visited the Nigerian capital, Abuja, with the aim of creating a framework for policy development that will support the growth of the Nigerian automotive industry. Nemeth is also the... 

Nigeria, Spain to strengthen bilateral trade relationship

     2nd September 2016 Nigeria and Spain, last month expressed their readiness to strengthen their bilateral trade relationship for mutual benefit across the spectrum in the oil and gas industry. State-owned oil development corporation Nigerian National Petroleum Corporation (NNPC) group MD Dr Maikanti Kachalla Baru... 

Opportunities for bitumen producers increased in Africa

     2nd September 2016 With there being various commitments to improve infrastructure made by African countries, bitumen producers will be assured of significant work in future, says oil industry company Royal Dutch Shell. According to figures stated in the Roads and Highways overview compiled by international... 

Trade misinvoicing: one of the dark sides of international trade

By: Riaan de Lange     2nd September 2016 One of the few movie franchises that made a lasting impression on me has each movie or episode opening with the static blue text, “A long time ago in a galaxy far, far away …”, followed by the franchise’s logo, shrinking in front, and, as it starts retreating, the 'crawl' text begins. It is a... 

CNG demand in Southern Africa increases

     26th August 2016 Although Africa is endowed with large amounts of fossil fuels, general safety awareness in the technology and operating fields of the compressed gases industry promoter the Southern Africa Compressed Gases Association (SACGA) states that there is a relatively high demand for compressed natural... 

DCD focus on saving lives in route clearance

     23rd August 2016 South Africa-based route clearance specialist DCD Protected Mobility (DCD PM) will showcase its market-leading range of landmine detection vehicles and mine-resistant personnel carriers at the African Aerospace and Defence Show near Pretoria from 14 to 18 September. Part of the DCD Group, a major... 

Thor completes transformational acquisition of Nigerian gold project

By: Henry Lazenby     19th August 2016 Vancouver-based exploration junior Thor Explorations has closed a transformational acquisition of the Segilola gold project, considered the most advanced gold project in Nigeria. According to the TSX-V-listed company, the project holds a compliant indicated mineral resource of 555 000 oz at a... 

Uber mulls new South African services as it expands African footprint 

By: Irma Venter     19th August 2016 There is “huge scope” for Uber to grow in South Africa, says Uber sub-Saharan Africa GM Alon Lits. “My wife and I have one car. I Uber to work every morning and I always drive past all of these cars in traffic with single occupants. I want each and every one of these drivers to switch to Uber.” 

$1bn Nigeria power plan delayed on scarce gas

By: Bloomberg     19th August 2016 Transnational Corporation (Transcorp) of Nigeria has suspended plans to build one of the nation’s biggest power plants as a local gas shortage makes it difficult to obtain fuel and a downturn in Africa’s largest economy hinders efforts to raise funds for the project. The company in 2014 said it... 

Uber mulls new South African services as it expands African footprint

By: Irma Venter     19th August 2016 There is “huge scope” for Uber to grow in South Africa, says Uber sub-Saharan Africa GM Alon Lits. “My wife and I have one car. I Uber to work every morning and I always drive past all of these cars in traffic with single occupants. I want each and every one of these drivers to switch to Uber.” 

African auto body lobbies Nigeria on industry development

By: Irma Venter     17th August 2016 A delegation from the African Association of Automotive Manufacturers (AAAM), led by chairperson Jeff Nemeth, is visiting the Nigerian capital, Abuja, with the aim of creating a framework for policy development that will support the growth of the Nigerian automotive industry. Nemeth is also the... 

Cushman & Wakefield expands sub-Saharan footprint

By: Megan van Wyngaardt     15th August 2016 Real estate services firm Cushman & Wakefield has entered into an exclusive affiliate arrangement across sub-Saharan Africa with holding company Excellerate Property Services. The new venture, which will be branded Cushman & Wakefield Excellerate, provides an integrated platform serving the... 

First secretary-general appointed for African research body

By: Mia Breytenbach     12th August 2016 Vice-Chancellor of the University of Ghana professor Ernest Aryeetey has been appointed as secretary-general of the African Research Universities Alliance (Arua) to drive a collaborative initiative formed by research-intensive universities to strengthen research and postgraduate training on the... 

Power Up energy systems boost green development

By: Kimberley Smuts     12th August 2016 With construction expected to begin in September, specialised procurement company Build Africa Corporation will supply its Power Up energy systems to 480 luxury-living housing units in the Acorn Creek complex in Somerset West, in the Western Cape. “This is the largest green residential... 

South Africa beats Nigeria as Africa’s largest economy

By: African News Agency      11th August 2016 South Africa is once again the African continent’s top economy, beating close competitor Nigeria. “For the past two years, Nigeria has claimed the top spot, but a re-calculation using current exchange rates has placed South Africa back on top,” reported the BBC. 

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