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Morrocan king to sign trade, mining deals with Congo republic

By: Bloomberg     Updated 6 hours ago Moroccan King Mohammed VI will sign a series of investment agreements in a visit to Congo Republic this weekend, Environment & Tourism Minister Arlette Soudan-Nonault said. Mohammed will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund,... 

Ramaphosa urges closer ties between South African businesses and other Commonwealth nations

By: Simone Liedtke     18th April 2018 South African President Cyril Ramaphosa has encouraged South African businesses to reach out to their Commonwealth counterparts across the globe to forge closer ties and create avenues for greater trade and investment. In an address in London, on Wednesday, he said that the Commonwealth Business... 

Commissioning under way on Kenya’s new multipurpose pipeline

By: John Muchira     6th April 2018 Kenya was last week set to commission a multipurpose pipeline from the coastal city of Mombasa to the capital, Nairobi, in a major milestone in its quest to enhance efficiency in the transport of petroleum products. Construction of the $470-million pipeline, implemented by the Kenya Pipeline... 

Free trade deal is much ado about nothing

By: Riaan de Lange     6th April 2018 It is the eightieth day of the year as I sit down to write this piece – the first full day of the sign of Aries. In case you are wondering, there are 285 days until the end of the year, and, in another 65 days, it will be Tax Freedom Day. It means that you will need to work up to May 25 to pay... 

Africa begins journey towards continentwide free-trade deal

By: Bloomberg     6th April 2018 African leaders signed accords setting up a continental free-trade area that’s expected to boost commerce within the 55-member African Union and eventually supplant a patchwork of existing agreements. More than 40 nations signed the African Continental Free Trade Area agreement, or AfCFTA, which... 

New study to assess electrification of Rwanda, Tanzania rail project

By: John Muchira     6th April 2018 Tanzania and Rwanda face the daunting tasking of mobilising funding for a standard-gauge railway (SGR) line connecting the two countries, following a decision to review the project's design so that electric, rather than diesel-powered, trains run on the line. The initial project cost was... 

Long way to go

By: Terence Creamer     6th April 2018 The signing, by 44 African countries, of the African Continental Free Trade Area (AfCFTA) is encouraging, albeit that the development is at odds with the current global backlash against freer trade. It should be noted that South Africa did not sign the agreement in Kigali, Rwanda. However,... 

East Africa looking to smart grids for cost-effective way to deliver electricity – US firm

By: African News Agency      28th March 2018 East African countries are increasingly looking to smart grids and associated technologies as a cost effective and scalable way to deliver electricity quickly and reliably, an industry official said. Delegates from Kenya, Ethiopia, Rwanda, and Uganda recently participated in business meetings and... 

Increasing mining services in Africa key to industry's long-term sustainability

By: Anine Kilian     27th March 2018 Increasing the demand for mining goods and services is necessary to grow this industry in Africa, Southern African Development Community (SADC) industrialisation adviser Seth Akweshie said on Tuesday. Most inland developments in Africa have been established owing to nearby mining activities, he... 

Top trade show makes South Africa the focus for a continent’s import and export future

23rd March 2018 SAITEX 2018 brings key business and government leaders from around the world together at Africa’s largest product sourcing and trade show in Johannesburg Africa’s biggest event for exporters and importers of products from around the world is forecast to be the most successful in 25 years... 

South Africa ready to take over Brics Business Council chairmanship

By: African News Agency      23rd March 2018 Africa is set for a decade of "unbelievable growth and prosperity".  This is according to Dr Iqbal Survé, chairman of the SA chapter of the Brics Business Council, who will take up the annual rotating chairmanship of the overall Brics Business Council (BBC) at the mid-term meeting which takes... 

Ramaphosa: SA borders 'need to be open for Africans to move freely and to promote business'

By: News24Wire      22nd March 2018 South Africa's borders need to be open for people – particularly Africans – to move more freely and to promote business, President Cyril Ramaphosa has said. He also reiterated the need for a single currency on the continent. Ramaphosa told journalists following a summit on the African Continental... 

SA President Ramaphosa punts single African currency at crucial AU Summit

By: African News Agency      22nd March 2018 South African President Cyril Ramaphosa on Tuesday strongly punted the idea of creating a single homogeneous currency for African countries in a bid to attract infrastructure investment and enable ease of intra-African trade. Speaking as a panelist on financing intra-Africa trade at the African... 

Ramaphosa says SA needs consultation before signing the African free-trade deal

By: African News Agency      22nd March 2018 South African President Cyril Ramaphosa on Wednesday said that his government needed more time to consult relevant stakeholders about the continental free trade area treaty before signing it. Ramaphosa did not sign the crucial agreement at the African Union (AU) Extraordinary Summit in Rwanda's... 

Ramaphosa welcomes new continental free trade agreement

By: News24Wire      21st March 2018 President Cyril Ramaphosa has welcomed the adoption by the African Union of an agreement of free trade on the continent as "a new beginning for the continent that will catapult African countries and companies to much higher levels of growth". Ramaphosa returns to South Africa Wednesday night... 

AU ready to sign continental trade treaty without Nigeria

By: African News Agency      20th March 2018 African Union (AU) chairperson Paul Kagame on Tuesday gave a strong indication yet that member states will sign the treaty to create the continental free trade area even if the continent's most-populated country, Nigeria, withdraws from the meeting. At least 53 African Heads of States have... 

South Africa commits to new continental trade agreement

By: Megan van Wyngaardt     12th March 2018 The African Ministers of Trade (Amot) last week considered and approved – for submission to the extraordinary summit of the African Union (AU) Heads of State and Government – an agreement establishing the African Continental Free Trade Area (AfCFTA), as well as the protocols on trade in goods and... 

Kenya plans to electrify Mombasa–Nairobi rail link

By: John Muchira     9th March 2018 Kenya plans to electrify its diesel-powered standard-gauge railway (SGR) line from the coastal city of Mombasa to the capital, Nairobi, as it seeks to cement its position as a regional transports hub. The East Africa nation has since secured $240-million from China Electric Power Equipment &... 

Mariam Abdullahi

2nd March 2018 This week we feature Mariam Abdullahi, telecommunications industry lead for Africa at SAP   

Rwanda to issue mining licences to boost investment by a fifth

By: Bloomberg     21st February 2018 Rwanda will issue 50 new licences to mine metals including gold, tin and tantalum this year that may help boost investment in the East African nation by a fifth, the Rwanda Development Board said. The state-run board expects to attract $2-billion of investment in 2018, compared with $1.67-billion... 

Emerging Africa Infrastructure Fund commits $200m in loans to fragile States

By: African News Agency      20th February 2018 The Emerging Africa Infrastructure Fund (EAIF), suppliers of debt finance to private sector infrastructure projects in sub-Saharan Africa, said on Tuesday that it had ended 2017 on a high note with $200-million in loan commitments to fragile states. EAIF, a company of the Private Infrastructure... 

PPC to pay particular attention to its financial position in 2018

By: Simone Liedtke     15th February 2018 While Johan Claassen, who was, on Wednesday, appointed permanent CEO of PPC, does not foresee any major changes for the company this year, he notes that particular attention will be paid to the company's financial position this year. This, he explained to Engineering News Online, falls in line... 

Donald Trump’s gratuitous slur

By: Martin Zhuwakinyu     9th February 2018 A few weeks ago, US President Donald Trump was at it once again, using vulgar language to disparage the home countries of African, Haitian and El Salvadorian immigrants. As is his wont, he subsequently denied ever uttering the offensive remarks. Last week, he issued a statement full of praise for... 

Iata welcomes latest African ‘open skies’ initiative

By: Rebecca Campbell     9th February 2018 The International Air Transport Association (IATA) has welcomed the launch of the African Union’s (AU’s) Single African Air Transport Market (SAATM) initiative. This is intended to improve intra-African air transport links by “opening up” the skies above the continent. The initiation of the SAATM... 

PPC supported by Africa growth, while local sales dwindle

By: Megan van Wyngaardt     2nd February 2018 Construction materials supplier PPC's revenue for the nine months ended December 31, 2017, improved on that of the prior comparable period, with interim CEO Johan Claassen noting on Friday that the company continued to make good progress in terms of its deliverables. However, PPC noted that the... 

Multinational initiative stimulating intraregional East African trade

By: Rebecca Campbell     2nd February 2018 The multinational TradeMark East Africa (TMEA) initiative has been bearing fruit and, with its first phase having proved a success, it is now moving into its second phase. TMEA involves Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda, and is focused on promoting trade between the... 

Assembly plant included in VW’s roll-out of mobility solutions to Rwanda

By: Irma Venter     2nd February 2018 German car maker Volkswagen has established Volkswagen Mobility Solutions Rwanda (VMSR), an integrated automotive mobility solutions company that is to be run under the auspices of Volkswagen Group South Africa (VWSA). VWSA is responsible for the sub-Saharan African region within the Volkswagen... 

AU launches single African air transport market

By: Anine Kilian     30th January 2018 Rwanda President Paul Kagame, who, at the weekend, took over as president of the African Union (AU), on Sunday also announced the launch of a Single African Air Transport Market (SAATM). The SAATM is the first AU Agenda 2063 flagship project and is aimed at creating a single unified air transport... 

Tanzania moves to buy standard-gauge rail rolling stock

By: John Muchira     26th January 2018 Tanzania has set in motion the process to acquire rolling stock to be used on the standard-gauge railway (SGR) network that is currently under construction as it vies to become East Africa's transport hub. According to an international tender notice floated by State-run railway company Reli... 

Ramaphosa leads Team SA in range of engagements at WEF

By: News24Wire      24th January 2018 The South African delegation to the World Economic Forum (WEF) in Africa has held engagements with government and business leaders as it seeks to boost the country's image as an investment destination, trade partner and member of the international community. In a statement on Tuesday night, the... 

VWSA launches assembly, ride-sharing, car-hailing business in Rwanda

By: Irma Venter     18th January 2018 German car maker Volkswagen has established Volkswagen Mobility Solutions Rwanda (VMSR), an integrated automotive mobility solutions company that is to be run under the auspices of Volkswagen Group South Africa (VWSA). VWSA is responsible for the sub-Saharan African region within the Volkswagen... 

Rwanda, Mauritius get funding for solar PV projects

By: Anine Kilian     15th January 2018 The Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (Irena) on Monday announced that $25-million in concessional loans from ADFD have been earmarked for solar photovoltaic (PV) projects in Mauritius and Rwanda. The projects have the potential to significantly... 

Off-grid solar set to boom in Africa

9th January 2018 The role of off-grid and mini-grid in rural electrification in Africa, will be a key discussion session during the 10th Africa Energy Indaba Conference on 20-21st February 2018 at the Sandton Convention Centre in Johannesburg, South Africa, supporting the immense growth potential of solar. Solar... 

Too soon to despair

By: Martin Zhuwakinyu     15th December 2017 Question marks have been hanging over the Africa Rising narrative in recent times, with sceptics pointing to faltering gross domestic product (GDP) growth in many countries on the continent. But is this sweet dream dead in the water? For the uninitiated, this snappy appellation was coined to... 

Vivo to gain 300 stations in 9 African countries in Engen share transaction

By: Schalk Burger     5th December 2017 Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in... 

African operations shine as PPC delivers higher H1 earnings

By: Natasha Odendaal     23rd November 2017 Cement producer PPC produced double-digit earnings for the first half of the 2018 financial year, with the JSE-listed group’s rest of Africa cement operations delivering a shining performance. For the six months ended September 30, net profit attributable to PPC shareholders increased by 188% to... 

African models boost construction development

By: Marleny Arnoldi     17th November 2017 Owing to various African countries’ having secured sovereign funding for construction projects that are being planned or in the process of implementation, these countries have the potential to promote rapid gross domestic product (GDP) growth, says consultancy firm WSP.  

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

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