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Volt proceeds with $40m Tanzania bond issue

By: Mariaan Webb     14th December 2017 Tanzania-focused flake graphite development company Volt Resources said on Thursday that it would proceed with the issue of $40-million structured debt funding to complete the Stage 1 development of its Bunyu graphite project. The company has engaged Exotix Capital to undertake a Tanzania bond... 

Kenya set to build coast-to-centre highway to boost Africa trade

By: Reuters     30th November 2017 Kenya on Wednesday signed a $620-million agreement to build a 530 km highway from its east coast to the centre of the country, part of a campaign to boost its role as a regional trade hub. A consortium including a unit of South Africa's Group Five and the Development Bank of Southern Africa with... 

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of large mineral deposits having been discovered worldwide, and, in many cases, reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Microgrids add new arrow to Africa’s electricity access quiver

By: Mia Breytenbach     24th November 2017 The launch of a R25-million solar energy, lithium-ion battery storage microgrid on Robben Island – the World Heritage Site in Table Bay, Cape Town, which, until recently, relied on diesel to generate electricity – not only showcases the versatile advantages of microgrid technology, but also... 

Epic 3 190 km Uber trip a sub-Saharan Africa record

By: Irma Venter     24th November 2017 The longest Uber trip on record in sub-Saharan Africa was recorded in South Africa this year – 3 190 km from Cape to Durban, via Bloemfontein. The electronic ride hailing service does not disclose why the journey was made. The Uber app does, however, provide an estimated cost for the journey, at... 

South Sudan seeks outside help as it aims to power up

By: John Muchira     10th November 2017 South Sudan is pleading for foreign funding and investment in the energy sector to light the country which remains in the dark. Despite being endowed with vast oil and gas reserves and massive potential to generate electricity from hydro, solar and wind sources, the country entirely depends on... 

Petrochemicals product supplier launches ball valve

     10th November 2017 Last month, multinational oil and gas product supplier Schlumberger announced the release of the GROVE IST integrated seat technology ball valve. The company, which has an Angolan office that services the Democratic Republic of Congo, Gabon, Kenya, Mozambique, Namibia, South Africa, Tanzania, and... 

Uber reaches almost 1-million users in South Africa

By: Irma Venter     9th November 2017 The longest Uber trip on record in sub-Saharan Africa happened in South Africa this year – 3 190 km from Cape Town to Durban, via Bloemfontein. The electronic ride hailing service does not disclose why the journey was made. The Uber app does, however, provide an estimated cost for the journey, at... 

Aon now trading as Minet

By: Anine Kilian     8th November 2017 Professional risk consultancy firm Aon has started trading as Minet, the company said in a statement on Wednesday. The company recently announced its decision to change the ownership structure of its operations across several sub-Saharan African countries. 

Uranium-endowed South Africa stands to benefit from ambitions to improve electricity access in Africa

By: Dylan Slater     3rd November 2017 In tandem with growing ambitions to increase access to electricity for many African citizens who currently have limited or no access to electricity comes the call for new large-scale power stations to be built. This has prompted a keen interest in nuclear power stations and, consequently, a... 

Global airline association predicts air passenger traffic to double by 2036

By: Keith Campbell     3rd November 2017 The International Air Transport Association (IATA) has forecast that 7.8-billion people will travel by air in 2036. This will amount to a nearly 100% increase over the figure of 4-billion air passengers expected for this year. This projection is based on a average compound annual growth rate... 

Company mitigates refinery industry challenges

By: Marleny Arnoldi     27th October 2017 Amid the weak demand and low prices that have hampered strategic decision-making and stalled planning for the oil and gas industry globally, specialised engineering company RTS Africa Engineering says improved technologies facilitating the understanding of process variables allow for cautious... 

Grand Ethiopian Renaissance Dam, Ethiopia

By: Sheila Barradas     27th October 2017 The project is 60% complete. 

MTN impacted by exchange rates in Q3

By: Natasha Odendaal     24th October 2017 Mobile operator MTN’s financial performance in the quarter ended September 30 ,has been negatively impacted on by exchange rate movements. The JSE-listed firm on Tuesday posted a 13.4% decline in total revenue and 14% decrease in group service revenue for the three months. 

International airline body forecasts air passenger traffic to double by 2036

By: Keith Campbell     24th October 2017 The International Air Transport Association (Iata) has forecast that 7.8-billion people will travel by air in 2036. This will amount to a nearly 100% increase over the figure of 4-billion air passengers expected for this year. This projection is based on an average compound annual growth rate... 

Hydro-economics: Egypt, Ethiopia and the Nile

By: News24Wire      23rd October 2017 Water ministers from Egypt, Sudan and Ethiopia have gathered last week to discuss how Africa's largest hydroelectric dam will affect water distribution and access to the Nile. The Grand Ethiopian Renaissance Dam (GERD) is 60% complete and has yet to go into operation. The $4.8-billion megaproject... 

Neopatrimonialism is merely ‘a huge embarrassment’

By: Riaan de Lange     20th October 2017 The dramatic decline to which a select few ‘South Africans’ are subjecting so many of us no longer considered a ‘crisis’. In essence, neopatrimonialism is not considered a crisis’ – it is merely a huge embarrassment. As I account for the latest narration, attributable to a senior politician, my... 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

Building Energy celebrates start of production at Uganda solar PV plant

By: Anine Kilian     16th October 2017 Independent power producer Building Energy recently inaugurated the 10 MW Tororo solar plant – its first photovoltaic (PV) system in Uganda and one of the largest solar PV plants in Eastern Africa. Building Energy was responsible for the development of the project, arranging the financing, as... 

Kariba South Extension Project reaches 85% completion milestone

     9th October 2017 The Kariba South Extension Project on the Zambezi River is 85% complete, and is on track for completion in March 2018, reports Hatch, the Owner’s Engineer on the massive project. This flagship infrastructure project was initiated by the Zimbabwe Power Company (ZPC) due to an acute power shortfall... 

MTN appoints new Seagha region VP

By: Anine Kilian     6th October 2017 MTN has appointed Ebenezer Asante VP of its expanded Southern, East Africa and Ghana (Seagha) region. The new Seagha region will comprise the mobile operations in Ghana, Uganda, Rwanda, Zambia, South Sudan, Botswana and Swaziland, as well as the MTN Internet service providers in Kenya, Namibia... 

Trials on Kenya’s new standard-gauge railway network to start this month

By: John Muchira     6th October 2017 Kenya is gearing up to start transporting cargo on the country's new standard-gauge railway (SGR) network, signalling the beginning of a new era for East Africa’s freight logistics sector, which has been dominated by road hauliers. Cargo transport trial runs on the SGR network start at the end of... 

AB InBev completes $3.15bn Coca-Cola Beverages Africa transition

By: African News Agency      5th October 2017 The world’s largest brewer, Anheuser-Busch InBev (AB InBev) on Thursday announced that it has completed the transition of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion after customary adjustments. This comes after AB InBev last year acquired SABMiller for... 

GoldStone appoints new chairperson

By: Creamer Media Reporter      2nd October 2017 West and Central Africa-focused gold exploration company GoldStone Resources has appointed William (Bill) Trew nonexecutive chairperson with immediate effect. He takes over from Neil Gardyne, who resigns from GoldStone’s board with immediate effect. 

African ports define development roadmap for 2018 and beyond

     22nd September 2017 Over 20 African ports authorities, terminal operators and Ministries of Transport convene in Durban, South Africa this October for strategic think-tank discussions around port optimisation and modernisation across the region.  The African Ports Evolution initiative sets the backdrop for the... 

Black Mountain divests of silver assets to focus on vermiculite

By: Esmarie Swanepoel     18th September 2017 ASX-listed junior Black Mountain Resources has divested of its non-core US silver assets, in a bid to focus its attention on its Namakara vermiculite mine, in Uganda. The company on Monday told shareholders that it had divested of its 70% stake in two prospective US silver mines in Montana and... 

TFTA negotiations to conclude by end 2017

By: Schalk Burger     15th September 2017 Facilitated by the Tripartite Free Trade Area (TFTA), market-access negotiations between the Southern African Customs Union (Sacu) and the East African Community (EAC) will conclude by the end of 2017, enabling the regions to benefit from intra-regional trade as soon as possible. The primary aim... 

Volvo Car SA expecting big change in EV perceptions in coming years

By: Irma Venter     8th September 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

Poultry industry challenges, drought negatively impact on RCL Foods’ FY17 profit

By: Mia Breytenbach     30th August 2017 The widely reported challenges facing the local poultry industry and the performance of JSE-listed RCL Foods’ chicken business unit decimated the company’s profits in the financial year ended June 30, with the company reporting a 0.8% decrease in earnings before interest, taxes, depreciation and... 

SEW-EURODRIVE builds on its East African presence with new offices in Tanzania, Kenya

     30th August 2017 SEW-EURODRIVE is building on its presence in Tanzania, its main hub in Eastern Africa, by opening a new office in Kenya, and commencing with a recruitment drive for Burundi and the Democratic Republic of Congo (DRC). East Africa represents a major growth area for the drive and automation... 

DTI to assist black industrialists find a market in Uganda

By: Anine Kilian     28th August 2017 The Department of Trade and Industry (DTI) will take a group of black industrialists on an outward trade mission to Uganda from September 18 to 23 to assist them in the search for a market for their products.   The mission will include export-ready black industrialists operating in the economic... 

SA has a role to play in the Middle East - Zuma

By: News24Wire      25th August 2017 South Africa can play a role in the Middle East and will help resolve conflicts there if given the opportunity, President Jacob Zuma said on Friday. “This world must be at peace with itself and I hope there will be more time to discuss the solutions,” he said while receiving letters of credence... 

Infrastructure initiative garners support from nine African presidents

By: Natasha Odendaal     21st August 2017 Spearheaded by South Africa’s President Jacob Zuma, the Presidential Infrastructure Champion Initiative (PICI), aimed at accelerating regional trade and unlocking the economic potential of the continent, now has nine African presidents on board, with ten projects in the spotlight as Africa... 

African conference strives to boost bioenergy industries

     18th August 2017 Global conference organiser Centre for Management Technology (CMT) notes that its Biomass Trade & Bioenergy Africa conference will be held at the Radisson Blu Hotel in Sandton on September 28 and 29. CMT hopes that the conference will further development of the African biomass and bioenergy... 

US Embassy welcomes new Consul General to Cape Town

     11th August 2017 Consul General Virginia Blaser has been appointed to lead the Consulate General in Cape Town. “Consul General Blaser brings extensive experience from across the continent, where she led key US embassies, promoting trade and investment, empowering women and young leaders, and supporting... 

Volvo Car SA ready for hybrid, electric vehicle rollout post-2019, says MD

By: Irma Venter     10th August 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

Zambia’s offgrid homes to be equipped with pay-to-own solar home systems

By: Natasha Odendaal     2nd August 2017 Energy and financial services firm Fenix International is working to deploy pay-to-own solar home systems in Zambia leveraging telecommunications giant MTN’s mobile money platform. In partnership with the Swedish Embassy in Zambia, which committed nearly $3-million to the project up to 2020,... 

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