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Will Brexit break up the African Union? 

By: News24Wire      27th June 2016 African Union Commission chairperson Nkosazana Dlamini-Zuma’s Twitter timeline was quiet on Friday morning, even as #Brexit was trending. The African Union, too, did not immediately issue a statement. 

Kidnapped Macmahon workers released

By: Mariaan Webb     27th June 2016 The seven Macmahon Holdings workers kidnapped in Nigeria have been released, the Australian engineering and mining group reported on Monday, adding that arrangements had been made for the men’s safe return to their families. The company said that five of the seven people who were abducted near... 

Nigeria's Dangote shifts focus from cement to oil and gas

By: Reuters     24th June 2016 Africa's richest man, Aliko Dangote, plans to launch Nigeria's first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries as he shrugs off a regional economic downturn. Dangote told Reuters the $12-billion refinery... 

Could your smartphone store your ID, passport and licence?

By: Schalk Burger     24th June 2016 Identity documents (IDs) can be securely stored and carried on smartphones, which also allows for providing IDs for citizens through mobile networks, says identity systems multinational HiD Global Government ID (GoID) Solutions sales director Joby Mathew. The HiD GoID platform for mobile IDs also... 

Truck group seeks to regain lost market share after restructuring

By: Irma Venter     24th June 2016 Following a slump in truck sales in South Africa in 2015, MAN Truck & Bus South Africa (SA) and MAN Sub-Equatorial Africa MD Markus Geyer is confident the company can win back its lost market share “within a year”. The local arm of the German group sold 1 317 trucks in South Africa in 2015, at a... 

Africa’s richest man got a fistful of dollars in Nigerian currency squeeze

By: Reuters     23rd June 2016 As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa's richest man. When the government restricted the supply of dollars in June 2015 to prop up the value of the Nigerian naira, firms owned by Dangote landed a... 

One Macmahon worker shot dead, seven expats kidnapped in Nigeria

By: Mariaan Webb     23rd June 2016 Mining services company Macmahon on Thursday confirmed the abduction of seven of its employees, including three Australians, two Nigerians, a New Zealander and a South African, at its operations near Calabar, in Nigeria. The security incident also led to the death of a local Macmahon employee,... 

AFC, Harith merge power assets

By: Natasha Odendaal     22nd June 2016 Two Africa-based institutional investors have merged their power assets to create a new energy entity equipped with substantial capital, sector specific experience, a critical mass of existing assets and a pipeline of credible power projects. Harith General Partners and Africa Finance... 

FDI into South Africa fell to ten-year low in 2015, Unctad shows 

By: Terence Creamer     21st June 2016 Foreign direct investment (FDI) inflows to South Africa slumped to a ten-year low of only $1.8-billion in 2015, a 69% decline, the latest World Investment Report (WIR16) shows. Inward FDI into Africa’s most developed economy was recorded by the United Nations Conference on Trade and Development... 

Agricultural technologies to drive growth and development, survey finds

By: Schalk Burger     17th June 2016 The increasing use of agricultural technologies in Africa, as reported in a survey of 25 large agricultural companies, can dramatically improve yields, food security and product quality, as well as provide raw materials for new products in new markets, says PwC Africa Agribusiness industry leader... 

Prioritise labour-intensive industries – EU Chamber

By: Nadine James     17th June 2016 The European Union Chamber of Commerce and Industry in Southern Africa (EUCCIISA) believes that the manufacturing sector and the Department of Trade and Industry (DTI) should prioritise less complex, labour-intensive production – as opposed to high-end, high-precision production –  to increase... 

‘Oil impact’ on West African hospitality sector places emphasis on quality offerings

     15th June 2016 “The impact of current oil prices on hospitality in African economies is undoubtedly dependent on various factors,” says Wayne Troughton, CEO of international hospitality and tourism specialists, HTI Consulting, who recently issued a market snapshot on the topic. “The level of economic diversity,... 

Trends Driving the African Automotive Industry in 2016 and 2017

     14th June 2016 The global automotive business is in its most disruptive era since the advent of the industry over a century ago, creating an abundance of opportunities for new and established companies in the global automotive market. Frost & Sullivan anticipates the market to grow by 2%, reaching 91 million... 

GE invests R500 million to innovate in Africa for Africa

     14th June 2016 GE opens state of the art Africa Innovation Centre The centre will leverage GE’s global expertise and will be GE’s innovation and technology transfer centre of excellence in Africa The centre will  enable skills and SME development in Africa and collaboration between  GE, it’s customers and... 

IAEA helps Mauritius wage war on fruit flies

By: Reuters     14th June 2016 The International Atomic Energy Agency (IAEA) is helping Mauritius to assist the island country “step up its fight against fruit flies threatening valuable crops” the IAEA said on Monday. The IAEA has given Mauritius a new irradiator that would help it to accomplish this purpose by using the... 

Dangote eyes aggressive market share gains

By: Natasha Odendaal     13th June 2016 Cement producer Dangote Cement is aggressively targeting 60% market share in all countries where it operates as it cuts prices, doubles its production and expands it geographic footprint over the next three years, positioning itself to benefit from the 6.1% cement demand growth expected from... 

Castrol Africa sales up 5% in 2015; new GTX range launched

By: Irma Venter     13th June 2016 The volume of Castrol oil sales in Africa increased by around 5% in 2015 compared with 2014, says Castrol Africa MD David Bouet. Despite the visible slump in the continent’s mining industry, the automotive and industrial markets are still ticking over, he notes. Some countries, such as those... 

Aligning welding training with international standards

By: Robyn Wilkinson     10th June 2016 Welding industry association Southern African Institute of Welding (SAIW) is working with government organisations, such as the South African Qualifications Authority and the Quality Council for Trades and Occupations, to further develop its courses so that they are aligned with local... 

MAN aims to win back lost market share; van on the horizon

By: Irma Venter     8th June 2016 Following a slump in truck sales in South Africa in 2015, MAN Truck & Bus South Africa (SA) and MAN Sub-Equatorial Africa MD Markus Geyer is confident the company can win back its lost market share “within a year”. The local arm of the German group sold 1 317 trucks in South Africa in 2015, at a... 

LED lighting solution for Nigeria’s commercial airports

     8th June 2016 BEKA Schréder has supplied an LED lighting solution to illuminate the aprons of six out of sixteen commercial airports in Nigeria currently being upgraded to international lighting standards. The other ten will be completed before the end of this year. Nigeria’s commercial airports have come... 

Dubai-based solar firm pursuing 650 MW African project pipeline

By: Terence Creamer     8th June 2016 Solar energy company Phanes Group, of the United Arab Emirates, reports that its African project pipeline currently exceeds 650 MW, including a 150 MW project under development in South Africa, where it recently opened a regional office. The Johannesburg office is the Dubai-headquartered firm’s... 

Coal will be part of Africa’s energy mix – African Union  

By: Martin Creamer     6th June 2016 Coal will be part of Africa’s energy mix owing to its availability, cost advantage and ability to generate much-needed electricity, says African Union (AU) chairperson Dr Nkosazana Dlamini Zuma. Zuma, who was speaking to journalists during a media conference in which Creamer Media’s Mining... 

IHS eyes offgrid solutions to power up its towers

By: Natasha Odendaal     2nd June 2016 Mobile telecommunications infrastructure provider IHS is aiming to leverage renewable-energy technology and improved grid infrastructure across its portfolio to reduce its reliance on costly diesel and unstable ongrid electricity to power its tower sites across Africa. With over $500-million... 

Nigeria targeting 30% coal-based electricity

By: Martin Creamer     1st June 2016 Nigeria is targeting 30% of its electricity generation to be coal based. Speaking at the Junior Indaba in Johannesburg, Nigeria’s Solid Minerals Development Minister Dr Kayode Fayemi, represented by stand-in Alex Nwengbu, invited South African companies to invest in Nigeria to help the country... 

Cape Town welcomed into 100 Resilient Cities programme

By: Natasha Odendaal     31st May 2016 The City of Cape Town has been given a shot in the arm in tackling the social, economic and physical challenges inherent in urban environments with its selection as a member of the Rockefeller Foundation’s 100 Resilient Cities (100RC) programme. The city was now one of 100 cities worldwide set to... 

Nigeria's Barkindo frontrunner to become Opec secretary-general

By: Reuters     31st May 2016 Organization of the Petroleum Exporting Countries (Opec) is likely to choose Nigeria's Mohammed Barkindo, a former head of state oil firm NNPC, as the next secretary-general of the producer group, three sources with knowledge of the matter said on Tuesday. The Opec has been looking for a... 

Why Resources? Why Africa? Why Now?

     31st May 2016 Hot commodities, crowd funding, emerging African territories and killer ingredients for deserving funding alternatives are just some of the headliners at this week’s 2016 Junior Indaba taking place at The Country Club, in Auckland Park Johannesburg.   In the spot light this week will be the South... 

Nuclear needed to meet climate change targets – expert

By: Reuters     31st May 2016 Nuclear power is needed to meet the climate change targets set at the recent COP 21 climate summit in Paris, Jacques Regaldo, chairperson of the World Association of Nuclear Operators said at the opening of the AtomExpo in Moscow on Monday. Referring to the 20 th anniversary of the Chernobyl... 

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-on-month in April as energy gains more than offset metals weakness. 

Global nuclear agency ready to help African countries adopt atomic power

By: Keith Campbell     27th May 2016 The Director General of the International Atomic Energy Agency (IAEA), Yukiya Amano, has reaffirmed his organisation's readiness to help African countries adopt nuclear energy, if they wish to. "Your country [South Africa] is the only established user of nuclear power [in Africa]. Other countries... 

Nothing new in latest Ipap iteration

By: Riaan de Lange     27th May 2016 It is said that the English expression 'same old, same old', which means nothing has changed, evolved from the 1950s Japanese expression, samo, samo – but I am certain that this is so. Then there is the English expression 'much of a muchness', which is a great way of saying that two things are so... 

Output from Toyota’s Durban plant to fall as it ramps up new models

By: Irma Venter     27th May 2016 Toyota South Africa Motors (TSAM) will see production at its Durban plant drop from 138 000 units in 2015 to an expected 122 000 units this year, says TSAM president and CEO Andrew Kirby. Of the 138 000 units assembled at the Prospecton plant last year, 93 500 units were Hilux bakkies, 10 200... 

SA’s relative economic decline undermines its diplomatic ambitions 

By: Keith Campbell     27th May 2016 The news, released earlier this month, that Egypt had become Africa’s second largest economy, pushing South Africa into third place, did not create all that much of a stir. There were two good reason for this. The huge shock had been to lose first place to Nigeria, back in 2014, whose economy was... 

WTI, Brent crude rises above $50 for first time this year

By: Henry Lazenby     26th May 2016 Hamstrung oil producers could on Thursday afford a brief sigh of relief as the prices of both West Texas Intermediate (WTI) and Brent crude rose briefly above the psychologically important $50/bl-mark in early trading. WTI hit a high of $50.21/bl around 08:00 Eastern Daylight Time, while Brent... 

Pivotal lifts FY NAVPS

By: Anine Kilian     25th May 2016 Development focused investment fund Pivotal Fund achieved a 23.91% increase in its net asset value per share (NAVPS) to R22.80 for the year ended February 29. “The growth in our NAVPS was attributable to the revaluation of the income producing properties, fair value adjustments on current... 

MTN near to hiring new CEO

By: News24Wire      25th May 2016 Embattled mobile network MTN Group says it is near to hiring a new chief executive officer after the previous head of the company quit late last year. Local telecoms veteran Sifiso Dabengwa resigned as MTN Group CEO last November after Nigerian regulators slapped the company with a massive $5.2bn... 

Tiger Brands lifts H1 profit, earnings from continuing operations

By: Anine Kilian     24th May 2016 Despite a sustained difficult operating environment, JSE-listed Tiger Brands on Tuesday reported flat headline earnings a share from continuing operations of 978c for the six months ended March 31. Earnings a share increased 7% to 1 021c, while the company’s after-tax profit increased 44% to... 

IHS Towers Wins Africa Telecom Infrastructure Company Of The Year Award

     24th May 2016 IHS Towers, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, has won the 2016 Africa Telecom Infrastructure Company of the Year Award at Africa’s Information Technology & Telecom Awards. The Award was received during the West Africa Telecom... 

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