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Nigeria's Kaduna airport terminal still building site ahead of air hub switch

By: Reuters     Updated 3 hours ago A new terminal at northern Nigeria's Kaduna airport is still under construction with cables hanging from ceilings less than two months before it is due to become an aviation hub when the capital's airport closes temporarily for runway repairs. Nigeria plans to shut Abuja airport for six weeks... 

Nigeria's NNPC proposes changes to increase deepwater oil revenues

By: Reuters     13th January 2017 Nigeria's State oil company has proposed legal amendments aimed at enabling the government to increase royalties and other revenues from deepwater oil production. OPEC member Nigeria has been hit hard by a slump in crude oil prices in the last two years, which helped to push the country into... 

Nigeria stock exchange says working with MTN to list its shares in 2017

By: Reuters     12th January 2017 Nigeria's stock exchange NSE is working "very closely" with South African cell operator MTN on a listing of its shares this year, the head of the bourse said on Thursday. "The pressure on MTN has never been higher to list," NSE CE Oscar Onyema told a business conference. "There's a project team... 

World Bank warns rand could take hit amid global policy flux

By: Terence Creamer     10th January 2017 The World Bank has issued a warning that the South Africa currency could come under pressure in 2017, owing to heightened policy uncertainty in the US and Europe, which could constrain capital flows to emerging and frontier markets. However, the bank’s baseline projection is for the South African... 

Shell battles Nigerian communities in high-stakes London lawsuit

By: Reuters     9th January 2017 A court in London will decide in coming weeks whether Royal Dutch Shell can face trial in the UK over oil spill allegations in Nigeria, a decision some legal experts predict could attract more cases against multinationals in Britain. The High Court will judge whether members from two communities,... 

Fire at Côte d'Ivoire oil refinery extinguished, output continues

By: Reuters     3rd January 2017 A fire that broke out on Monday at Ivory Coast's only oil refinery was put out by the evening and production was unaffected, the refinery said in a statement. The state-run Societe Ivoirienne de Rafinage (SIR) refinery said a hydrogen leak caused a fire in one of the hydrocracking units. 

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,... 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

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,... 

Independent report exposes Unctad study on South Africa’s gold misinvoicing as ‘flawed’ – CoM

By: Megan van Wyngaardt     14th December 2016 A report commissioned by the Chamber of Mines (CoM), following reports by the United Nations Conference on Trade and Development (Unctad) that alleged South Africa’s mining industry systematically indulged in fraudulent misinvoicing to evade taxes and other legal obligations, has found the Unctad... 

Independent Report On Trade Misinvoicing Available

     14th December 2016 In July 2016 the United Nations Conference on Trade and Development (Unctad) published a report titled “Trade Mis-invoicing in Primary Commodities in Developing Countries: The cases of Chile, Cote d’Ivoire, Nigeria, South Africa and Zambia.”   The report asserted, among other things, that South... 

South Africa, Nigeria adopt two-year action plan on cooperation in mining

By: African News Agency      14th December 2016 South African Mineral Resources Minister, Mosebenzi Zwane and his Nigerian counterpart, Kayode Fayemi, on Tuesday endorsed a two-year action plan for the implementation of a memorandum of understanding (MoU) on cooperation in the fields of geology, mining and mineral processing. Both ministers... 

'Pressure on' for African govts in 2017 in ICT

By: Natasha Odendaal     12th December 2016 The involvement of governments across Africa will be a critical factor in the rise of information and communications technology (ICT) in 2017. Next year will be the year that solid ICT plans to guide investors and other stakeholders need to be developed, with the “pressure on” for governments to... 

Rosatom looks forward to result of South Africa’s nuclear debate

By: Keith Campbell     9th December 2016 Russian State-owned nuclear group Rosatom has reaffirmed its respect for South Africa’s domestic policy debates and decisions. “We respect South African government processes and decisions,” states Rosatom International Regional VP: Sub-Saharan Africa Viktor Polikarpov. “The new [South African]... 

Multispeed growth in Africa likely to change FDI patterns over the next few years

By: Anine Kilian     7th December 2016 Financial services advisory firm EY’s third instalment of its ‘Africa Attractiveness Program 2016’ report expects continued variable economic performance across Africa’s subregions. This follows from the sharp downward revisions in overall growth forecasts this year, mainly reflecting challenging... 

Power & Electricity World Africa 2017

     7th December 2016 Africa’s largest power and electricity show - Power & Electricity World Africa 2017 celebrates its 20th anniversary. The show welcomes over 7000 attendees and hosts a mecca of solution providers spanning 3 halls and thousands of square meters. Taking place in Johannesburg South Africa, this is a... 

Negative outlook for sub-Saharan Africa remains – Fitch

By: Creamer Media Reporter      6th December 2016 Continued fiscal and external pressures, compounded by rising government debt, weak economic growth and political instability in some countries, is keeping the 2017 ratings outlook negative for sub-Saharan Africa. However, some of the growth-offsetting factors, such as lower commodity prices,... 

West African countries tell Europeans to keep their ‘dirty fuel’ 

By: African News Agency      6th December 2016 Five West African nations are banning ‘dirty’ European fuels – exported fuels with higher sulphur levels – in response to concerns over vehicle emissions and in an effort to bring safer, cleaner air to more than 250 million people. On Monday the United Nations Environment Programme (UNEP) said... 

Iconic Joburg ice rink being transformed into television production hub

By: David Oliveira     2nd December 2016 The Sky Rink atop the Carlton Centre’s parking lot in downtown Johannesburg always had something of an edge to it. Experienced ice-skaters, often with a cigarette in their mouths, would make little effort to disguise their disdain for beginners as they weaved effortlessly and at extreme speed... 

Iconic Joburg ice rink being transformed into television production hub

By: David Oliveira     2nd December 2016 The Sky Rink atop the Carlton Centre’s parking lot in downtown Johannesburg always had something of an edge to it. Experienced ice-skaters, often with a cigarette in their mouths, would make little effort to disguise their disdain for beginners as they weaved effortlessly, and at extreme speed,... 

Debt capital markets in Africa remain resilient, says Standard Bank

By: Megan van Wyngaardt     1st December 2016 A review of the continent’s activity in debt capital markets by financial services provider Standard Bank reveals continued growth in issuance, including the evolution of new asset classes, which speak well to both the resilience and future growth prospects of Africa’s debt capital markets. Debt... 

Russian nuclear company looks forward to result of nuclear debate in South Africa

By: Keith Campbell     29th November 2016 Russian State-owned nuclear group Rosatom has reaffirmed its respect for South Africa’s domestic policy debates and decisions. “We respect South African government processes and decisions,” Rosatom International regional VP: sub-Saharan Africa Viktor Polikarpov told Engineering News Online on... 

AfDB appoints new regional director-generals to roll out business plans

By: Megan van Wyngaardt     25th November 2016 The African Development Bank (AfDB) has appointed Dr Tonia Kandiero as DG of its Southern Africa regional development and business delivery office, effective December 1. The office forms part of the AfDB’s new business approach to accelerate its business and development impacts across the continent. 

Exclusive rights for wastewater treatment acquired

By: Sascha Solomons     25th November 2016 Angolan oil and gas services company Friburge has acquired the exclusive rights to provide waste treatment solutions using wastewater treatment company Nature Oil and Gas’s technology in sub-Saharan Africa. The waste treatment solutions are on-board solutions to treat wastewater, or slops,... 

Public transport development driven by lowest cost, not value, says ITSSA

By: Irma Venter     24th November 2016 South Africa’s transport procurement system is often driven by cost, rather than value, says Intelligent Transport Society of South Africa (ITSSA) CEO Dr Paul Vorster. “We tend to look for the lowest-cost supplier of services and equipment and not always the best value. The problem with this is... 

The State of Energy in Africa

     23rd November 2016 Africa: a continent of vast natural resources is a continent woefully short of electricity. According to Mckinsey Global Institute's February 2015 report "Brighter Africa The growth potential of the Sub-Saharan electricity sector", access to electricity and the ability to consume electricity are... 

Tiger Brands posts higher income despite inflationary pressure 

By: Megan van Wyngaardt     23rd November 2016 The prolonged drought and significant currency volatility has contributed to significant inflation in raw material input costs for JSE-listed fast-moving consumer goods producer Tiger Brands in the financial year ended September 30. The higher costs impacted the grains and groceries divisions, in... 

FESPA Africa and Sign Africa Report Highest Visitor Attendance To Date

     23rd November 2016 The FESPA Africa and Sign Africa Expo held at Gallagher Convention Centre was a major success, with 5592 unique visitors from South Africa and international countries, 941 return visitors and 6533 total visits to the expo. Eighty-two percent of visitors were owners or senior management and 79%... 

Foreign exchange losses lead to 48% y/y drop in Nampak’s FY HEPS

By: Anine Kilian     21st November 2016 JSE-listed packaging group Nampak on Monday reported a 48% decline in headline earnings per share (HEPS) to 107.6c for the year ended September 30, mainly owing to foreign exchange losses, which adversely impacted HEPS by 86.1c. Basic earnings per share for the period increased by 11% benefiting... 

BMI expects soft oil price recovery in 2017

By: Anine Kilian     18th November 2016 While the global outlook for oil is relatively bullish going into next year, there will be a soft oil price recovery, according to BMI oil and gas head Chris Haines. Speaking during a webinar session focused on the global oil and gas industry on Thursday, Haines noted that BMI expected to see... 

Indian vehicle and equipment group adds gensets to SA offering

By: Irma Venter     18th November 2016 Vehicle distributor Mahindra South Africa (SA) will add another product to its portfolio this month, when the company will introduce a range of generator sets (gensets) to the local market. Mahindra SA is a subsidiary of the Indian Mahindra & Mahindra conglomerate. 

Ericsson’s latest Mobility report shows Africa’s IoT potential

By: Natasha Odendaal     16th November 2016 Africa’s reliance on mobile technology, as opposed to fixed-line technology, is a significant contributing factor in the rapid growth of mobile subscriptions, with the continent accounting for 15-million of the 80-million new mobile subscriptions recorded in the third quarter. Nigeria has led the... 

MTN, Huawei partner to bring NB-IoT to Africa

By: Natasha Odendaal     16th November 2016 Communication giants MTN and Huawei have teamed up to bring narrowband-Internet of Things (NB-IoT) to Africa to “revolutionise” the connectivity drive across the continent. MTN South Africa chief enterprise business officer Alpheus Mangale said NB-IoT was one of the best technologies for... 

Africa gets renewed broadband focus with Eutelsat offshoot

By: Natasha Odendaal     16th November 2016 Africa is set to benefit from a new broadband venture that aims to bridge the digital divide through the use of extensive, high-quality and affordable satellite infrastructure. Satellite communications provider Eutelsat’s newly established subsidiary Konnect Africa plans to deploy commercial... 

Kogi finds help for Nigeria project

By: Esmarie Swanepoel     14th November 2016 ASX-listed junior Kogi Iron has signed two separate memorandums of understanding (MoUs) with Africa-based groups to progress the development of its Agbaja iron and steel project, in Nigeria. The MoUs were executed with South Africa’s Tenova Pyromet and Nigeria-based PW Group, and created a... 

Study forecasts strong growth in demand for lubricants in SA and Nigeria

By: David Oliveira     11th November 2016 According to research from growth consultancy Frost & Sullivan, the volatility of oil prices and the devaluating currencies of (?) Nigeria and South Africa are set to provide a huge boost for the production of automotive lubricants in the two countries. The ‘Analysis of the Automotive Lubricants... 

South Africa has most construction projects on continent – report

By: Megan van Wyngaardt     9th November 2016 South Africa continues to account for the most infrastructure and capital project activity in Southern Africa, at 48.2%, followed by Angola at 12.9% and Mozambique and Zambia at 10.6% each. South Africa also has the most projects, by country, in Africa, at 41 projects, Deloitte’s 'Africa... 

APR Energy secures 50 MW power generation project in Benin

By: Anine Kilian     8th November 2016 Energy company APR Energy has signed a 12-month contract with the Ministry of Energy, Water and Mines in Benin to provide 50 MW of power generation using its fuel-flexible aeroderivative gas turbines. The turbines will be fuelled by natural gas, but have the ability to be seamlessly switched to... 

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