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Power & Electricity World Africa 2017

     Updated 4 hours ago 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... 

MTN brings more new blood into management

By: Reuters     Updated 5 hours ago South African mobile phone group MTN said on Wednesday it had appointed three new executives who will join its new CEO and finance head next year, part of a management overhaul after its first half-year loss. MTN agreed in June to pay a 330-billion naira ($1.05-billion at the time) fine in a... 

Tanzania, Nigeria's Dangote Cement haggle over price of natural gas

By: Reuters     7th December 2016 Tanzania is in talks with Nigeria's Dangote Cement on the supply of natural gas to a manufacturing plant for the building material, but negotiations are currently held up over prices, said a government body in the East African country. The $500-million cement factory in the southeastern Tanzanian... 

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... 

Nigeria and Morocco sign gas pipeline deal to link Africa to Europe 

By: Reuters     5th December 2016 Nigeria and Morocco have signed a joint venture to construct a gas pipeline that will connect the two nations as well as some other African countries to Europe, Nigeria's Foreign Affairs Minister said on Saturday. The agreement was reached during a visit by the Morocco's King Mohammed to the... 

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... 

Opec begins debate on oil cuts amid deep disagreement

By: Reuters     30th November 2016 Opec began on Wednesday debating a deal to curtail oil production and prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. Ministers from the Organization of the Petroleum Exporting Countries started an informal meeting at 0700... 

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... 

MTN Group plans expansion in Iran

By: Reuters     29th November 2016 MTN Group, Africa's biggest mobile phone company, is planning to expand in Iran, from where it has only just managed to begin reptratiating profits. The move is part of MTN's 10-year plan to cement its leading position in risky but lucrative frontier markets in the Middle East and Africa, where... 

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... 

IFC study finds climate pact helped open up $23tn in emerging market opportunities

By: Creamer Media Reporter      8th November 2016 A study released on Tuesday by the International Finance Corporation (IFC), a member of World Bank Group, shows that the historic global agreement on climate change adopted in Paris last year helped open up nearly $23-trillion in opportunities for climate-smart investments in emerging markets... 

Africa-bound vehicle exports down 54% in first eight months of 2016

By: Irma Venter     4th November 2016 New-vehicle exports from South Africa into the rest of Africa fell dramatically in the first eight months of the year.   Exports reached 32 080 trucks, bakkies and cars from January to August 2015, dropping a whopping 54% in 2016, to 14 723 units.   The decline follows a drop in exports from 78... 

New technology extended to wagon and passenger bogies

By: Simone Liedtke     4th November 2016 Having become the first rolling stock company in the southern hemisphere to pioneer its own fabricated lightweight, cost-competitive locomotive bogie, South Africa-based locomotives company DCD Rolling Stock is extending its technology to wagon and passenger coach bogies aimed at the global market. 

Oil, gas activity in sub-Saharan Africa nosedives

By: Megan van Wyngaardt     2nd November 2016 As oil prices continue to plunge, capital investment budgets in the oil and gas industry in sub-Saharan Africa for the next five years have also been cut by $100-billion, Wood Mackenzie's latest report on upstream activity in the region reveals. Deepwater suffered the biggest capital expenditure... 

SADC’s dependence on South Africa’s trade corridors slows

By: Natasha Odendaal     2nd November 2016 South Africa is at risk of being left behind as its neighbours ramp up port and corridor development and rapidly reduce their dependence on the Southern African powerhouse’s trade routes. With continued infrastructure-led growth, the changing dynamics in the Southern African Development Community... 

Africa Power Roundtable

     31st October 2016 Over the past 6 years Africa’s power sector has seen marked improvement with the emergence of large scale power projects across technologies. Most notable has been the success of South Africa’s renewable energy independent power producer programme. We have also seen an increased appetite for... 

African telecoms market to reach $51bn in six years

By: Megan van Wyngaardt     28th October 2016 Sub-Saharan Africa’s telecommunication services market will be worth $51-billion in 2021, with retail telecoms revenue set to grow at a compound annual growth rate of 4.1% between 2015 and 2021, a new Analysys Mason report reveals. Karim Yaici, a senior analyst at the research firm, noted that... 

Firm begins installing off-grid solar-charging stations in informal settlements

By: Mia Breytenbach     28th October 2016 Following the successful installation of its solar-powered charging station in the Mooiplaas informal settlement, in Centurion, renewable-energy supplier ePower Holdings are installing additional charging stations, with the latest stations to be installed in Shoshanguve, Gauteng, and in Zambia,... 

Wind energy investments increase future renewable energy plans

By: Kimberley Smuts     28th October 2016 Although the Department of Energy (DoE) has initiated the highly successful Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) in South Africa, which has led to the rapid expansion of renewable energy, both wind and solar, integrated professional and technical services... 

Travelstart Deploys Interactive Intelligence Customer Engagement Cloud Solution

     26th October 2016 PureCloud Engage transforms customer communications for Travelstart contact centres across Africa and Middle East Travelstart, the leading online travel agency in Africa and the Middle East, has begun deploying the Interactive Intelligence PureCloud Engage℠ solution to transform its customer... 

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