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IBM to train 25m Africans over five years

By: Bloomberg     17th February 2017 Technology group IBM is ramping up its digital-skills training program to accommodate as many as 25-million Africans in the next five years, looking toward building a future workforce on the continent. The US giant plans to make an initial investment of R945-million to roll out the training... 

Life is just a game of inches

By: Riaan de Lange     17th February 2017 It is Super Bowl Sunday, the day on which the National Football League (NFL) yearly championship is played in the US. Well, where I am, it is close to midnight, with Monday only minutes away as I prepare to watch Super Bowl LI (‘LI’ being the Roman numerals for 51). The New England Patriots are... 

Power & Electricity World Africa 2017

     15th February 2017 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... 

AFRICA GAS FORUM seeks to unlock new business opportunities for African investors

     15th February 2017 Will the nascent gas industry become South Africa’s new money-spinner? With a bleak outlook emanating out of last week’s #MiningIndaba, investors would be forgiven for losing their stomach for the mining sector and its troubles. Questions are being raised about whether South Africa’s gas sector,... 

Imperial buys stake in Kenyan pharmaceutical distributor

By: Reuters     15th February 2017 South African logistics group Imperial Holdings will buy a 70% stake in Kenyan pharmaceutical distributor Surgipharm for $35-million in line with its African growth strategy, the company said on Wednesday. Surgipharm, which is headquartered in Nairobi, is a leading distributor of pharmaceutical,... 

The power of innovative engineering: The biggest LOESCHE mill type LM 70.4+4 CS in successful operation with the new COPE drive

     14th February 2017 The LOESCHE mill type LM 70.4+4 CS in operation with the new COPE drive at the cement plant Mfamosing The United Cement Company of Nigeria (Ltd), UNICEM, successfully commissioned their new cement plant 2 at Mfamosing, in Cross River State, Nigeria. LOESCHE received the order for two vertical... 

Value-for-money motoring entrenched in 2017

     13th February 2017 The 2017 motoring year will mark the entrenchment of value-added, stylish cars in the South African market, predicts Datsun South Africa General Manager, Des Fenner, as he assesses the changes taking place in local car buying circles. The 2017 motoring year promises to be challenging for South... 

The power of innovative engineering: The biggest LOESCHE mill type LM 70.4+4 CS in successful operation with the new COPE drive

     10th February 2017 The LOESCHE mill type LM 70.4+4 CS in operation with the new COPE drive at the cement plant Mfamosing The United Cement Company of Nigeria (Ltd), UNICEM, successfully commissioned their new cement plant 2 at Mfamosing, in Cross River State, Nigeria. LOESCHE received the order for two vertical... 

EES – new horizons

     10th February 2017 We are currently experiencing a global technological revolution due to the phenomenal progress in technology which is taking place at breakneck speed throughout the world.  This revolution is profoundly transforming client interactions and the way we do business.  “To keep pace with this digital... 

Nova Scotia solar power plant project, Nigeria

By: Sheila Barradas     10th February 2017 Scatec Solar is building a 100 MW solar power plant in the northern Nigerian state of Jigawa. 

Africa must connect on global scale for economies to keep up and compete

By: Megan van Wyngaardt     9th February 2017 To grow their economies in line with their growing size, Africa’s cities must open their doors and connect to the world to ensure that investments in these cities’ infrastructure, industrial and commercial structures keep pace with its concentration of people. A new World Bank report, released on... 

SAA cancels flights to Nigeria airport 

By: African News Agency      8th February 2017 South African Airways (SAA) and a number of other airlines have cancelled flights to Nnamdi Azikiwe International Airport in the Nigerian capital Abuja due to the dangers posed by the state of disrepair of the runway. SAA cancelled flights for six weeks, as repairs on the runway began on... 

The power of innovative engineering: The biggest LOESCHE mill type LM 70.4+4 CS in successful operation with the new COPE drive

     8th February 2017 The LOESCHE mill type LM 70.4+4 CS in operation with the new COPE drive at the cement plant Mfamosing The United Cement Company of Nigeria (Ltd), UNICEM, successfully commissioned their new cement plant 2 at Mfamosing, in Cross River State, Nigeria. LOESCHE received the order for two vertical... 

MTN shares fall on expectation of full-year loss 

By: Creamer Media Reporter      8th February 2017 Telecommunications group MTN’s share price on the JSE fell by more than 6% on Wednesday morning after it announced it expects to report a headline loss a share and basic loss a share for the year ended December 31, as a result of a fine imposed on its MTN Nigeria business. The Nigerian... 

Dangote, Sinotruk to build $100m truck assembly plant in Nigeria

     6th February 2017 The Dangote Group plans to establish a $100-million vehicle assembly plant project, in Lagos, Nigeria. The Dangote Group is a Nigerian multinational industrial conglomerate. 

MTN appoints executive for group transformation 

By: Natasha Odendaal     3rd February 2017 Telecommunications giant MTN on Friday announced the immediate appointment of Saim Yaksan as executive for group transformation, following the launch of holistic transformation programme Ignite in the third quarter of 2016. Yaksan will be tasked with the development and execution of special... 

Mining Indaba remains pivotal to Africa

By: Ilan Solomons     3rd February 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Terex Trucks partners with Ascendum in Turkey

     31st January 2017 Front and side view of Terex Trucks’ 91-tonne capacity rigid hauler, the TR100. To lay a strong foundation for the expected long-term growth in Eurasia, Terex Trucks has struck an alliance with distinguished equipment supplier Ascendum Makina. With customers active in infrastructure, road... 

AFRICA ENERGY INDABA 2017 launches Africa Utility Forum to boost growth of energy projects in the region

     30th January 2017 South Africa has been seeking foreign investment to help drive sluggish economic growth and used the World Economic Forum 2017 platform last week to market the country as a favourable investment destination. South African Deputy President, Cyril Ramaphosa, led a 60-strong country delegation in... 

Mining Indaba remains pivotal to Africa 

By: Ilan Solomons     27th January 2017 The mineral resources sector remains “critically important” to the African continent, which is why the Investing in African Mining Indaba has consistently been regarded as an event of “paramount significance”, says Mining Indaba MD Alex Grose. This is also a key motivation for the at least 24... 

Strong developmental flavour to Africa’s tentative adoption of IoT solutions

By: Natasha Odendaal     27th January 2017 The concept of the Internet of Things (IoT) is beginning to penetrate Africa, where adoption, albeit patchy and hesitant, is underpinned primarily by a developmental agenda, as well as efforts by firms to bolster productivity and efficiency. The continent’s unique socioeconomic and business... 

Kenya outlines plan for LPG import storage facility in Mombasa

By: John Muchira     27th January 2017 Kenya is to build a liquefied petroleum gas (LPG) import storage facility in the coastal city of Mombasa as part of an elaborate LPG masterplan that will also include the establishment of at least five storage facilities in various parts of the country to ensure easy access and affordability.... 

Strong developmental flavour to Africa’s tentative adoption of IoT solutions

By: Natasha Odendaal     27th January 2017 As the Internet of Things (IoT) embeds its early-stage unique shape across Africa, one thing is certain: the continent cannot afford to fall behind as it approaches the adoption of the interconnected way of life in its own way to drive growth and development. Despite an initially slow, hesitant... 

Court rules villagers cannot sue Shell in UK for Nigerian oil spill

By: Reuters     26th January 2017 Oil major Royal Dutch Shell cannot be sued in London courts over Nigerian oil spill allegations, the High Court ruled on Thursday, dealing a setback to attempts to hold multinationals liable at home for subsidiaries' activities. If the High Court had ruled in favour of the two groups, other... 

GE proposes investing in Nigeria's ailing oil refineries

By: Reuters     25th January 2017 General Electric (GE) has proposed investing in Nigeria's oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities. GE's plan and similar promises from companies like Italy's Eni to work with Nigeria to rehabilitate the country's three oil... 

Regional airlines flock to Zim as it opens its skies

By: News24Wire      24th January 2017 RwandAir and Ethiopian Airlines are the newest airlines to fly to Zimbabwe, as the government opens up its skies to other players after years of state protectionism for the country’s ailing flag carrier Air Zimbabwe. The two airlines will start flights to Zimbabwe this year and are banking on the... 

Nigeria must not scare away MTN, says communications minister

By: Reuters     23rd January 2017 Nigeria must not scare away MTN, its minister of communications said, as lawmakers investigate alleged illegal money transfers just three months after the government fined Africa's biggest telecoms firm over $1-billion. The comments by Adebayo Shittu are the government's first statement on the... 

Cost, rather than value, still driving SA’s transport investments

By: Irma Venter     20th January 2017 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... 

Nigeria plan to link mines to steel mill seen as Buhari test

By: Bloomberg     18th January 2017 Nigeria’s plan to build a railway to supply iron-ore to its idle Ajaokuta steel plant could be the biggest sign yet that President Muhammadu Buhari is implementing his policy to diversify away from oil. The project began in 1979 with what the World Bank in 2002 called obsolete Soviet technology,... 

Closing Africa’s energy gap key to sustained economic growth

By: African News Agency      18th January 2017 A lack of access to electricity precluded Africa from fully participating in the Fourth Industrial Revolution, and private sector investment in power generation was key to spurring Africa’s growth. Speaking during a session called “Powering Africa”, at the forty-seventh Annual Meeting of the... 

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... 

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... 

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