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Latest News

Nigeria opens doors to private refineries

9th January 2002 Nigeria will start the bidding to build independent oil refineries in the country on Thursday in line with its deregulation of the downstream oil industry, officials said. 

Big Africa-to-Europe gas plan

9th January 2002 Nigeria and Algeria have signed a memorandum of understanding, which could see Nigerian gas being exported to Europe by pipeline. 

SA power group buys into Zambia hydro firm

9th January 2002 As part of its ongoing initiative to expand its activities in Africa and the Middle East, Eskom Enterprises has bought a 51% shareholding in the Lusemfwa Hydro Power Company, which owns two hydropower stations, at Mulungushi and Lusemfwa, Zambia, with a combined capacity of 36MW. “The... 

Bush cautioned against imposing steel duties

9th January 2002 A new study has warned US President George W Bush against imposing import restrictions on steel, saying the move could damage the weak US economy without providing much help to beleaguered steel producers. 

Finding alternatives to wood fuel in Africa

8th January 2002 Roughly two-thirds of African households, more than 350-million people, depend on burning wood-fuels for their daily cooking, the World Bank reports. 

Metal-sector study into job creation

8th January 2002 A research project intended to generate proposals for the retention and creation of employment in the South African metal and engineering industry will begin early this year. 

R100m power project awarded in Namibia

8th January 2002 Technology giant Siemens has signed a R100-million turnkey project with the Namibian electricity utility, Nampower, to provide a gas-insulated substation (GIS) for industry in the Walvis Bay area. 

$475m cellular privatisation deal

8th January 2002 The South African government said today it had sold its 20% stake in mobile phone operator M-Cell to Dutch investment company Ice Finance for $475-million, a hefty premium over its current share price. 

Zim to sell 30% of telecoms firm

By: Terence Creamer     7th January 2002 Zimbabwe's cash-strapped government said at the weekend that it was planning to sell 30% of its State-owned fixed and mobile phone services by June, which analysts say could raise as much as $100-million. 

Eskom Wind Farm, Western Cape

19th December 2001 Eskom has applied to the Department of Environmental and Cultural Affairs and Sport in the Western Cape for permission to establish a wind energy demonstration facility, with the aim of testing wind turbine technology. 

Billions missing from Angola’s oil accounts

14th December 2001 Billions of dollars are missing from resource-rich Angola’s oil revenue accounts, according to economists and analysts close to a study comparing state and oil company data. 

New steps to insure against African risk

14th December 2001 Companies trading to and within Africa will be able to obtain protection against non-payment by their buyers following the signing of an agreement between a recently-launched African trade insurance agency and Gerling, the world’s third- largest credit insurance group, the Financial Times... 

Egypt oil, gas firm in deal

14th December 2001 A deal has been signed by Shell Egypt to farm out 12% of its share in the North East Mediterranean Deepwater (Nemed) oil and gas block to a unit of Malaysian State-owned oil firm Petronas. “Shell Egypt Deepwater (SEDW) announced that they have signed an agreement whereby Petronas Carigali... 

Southern Africa joins the big global 'dash for gas'

14th December 2001 The progress of upstream gas production technology, as well as a developing downstream demand for gas in industry, has got energy giants, such as Shell and BP, racing in a worldwide dash for gas. 

Decision time for SA's nuclear project

14th December 2001 By the end of 2001, the investors in Eskom's pebble-bed modular reactor (PBMR) will decide the fate of the project when they meet to deliberate the funding of its next – and, hopefully, final – pre- demonstration phase, PBMR Ltd CEO Dave Nicholls tells Engineering News. South African... 

Navy subs to be 'most sophisticated' globally

14th December 2001 The three Type 209/1400 submarines now being built for the South African Navy (SAN) will be the most sophisticated vessels ever operated by the service, Engineering News can report. A senior submariner described them as being of "unprecedented complexity and sophistication for the navy". Such is... 

Nigerian gas power plants contract awarded

14th December 2001 Royal Dutch Shell unit Shell Petroleum Development Company of Nigeria said it had won two power projects in Nigeria worth a $540-million investment. Under the terms of the contract, awarded by Nigeria’s Nepa, Shell will take over existing assets in the Afam Power Plant, near Port Harcourt,... 

SA invites telecoms bids

13th December 2001 South Africa is expected to invite telephone operators on Friday to bid for a licence to set up the country’s second fixed-line phone network. “The invitation to apply will be issued on Friday at a briefing,” said Communications Ministry spokesperson Robert Nkuna. It will give... 

Nigeria outlines power privatisation plans

13th December 2001 Nigeria announced an outline programme for the privatisation of its national electric power utility, Nepa, in December next year and early 2003 in what could be the biggest such deal in Africa. 

Next G8 to have strong Africa focus

13th December 2001 The Group of Eight (G8) industrialised nations will discuss the economic plight of Africa as a first priority at their next summit in Canada in June, a senior German official said. 

Donors pledge $764m support for Burundi

13th December 2001 The central African state of Burundi said that donors had pledged $764-million in financial aid to help it recover from years of ethnic violence. President Pierre Buyoya said the promises of assistance covering the period 2002 to 2004 were given at a two-day meeting with Western countries and... 

Moz opens cell market, SA’s cell leader hits 6m subscriber mark

13th December 2001 The Mozambican parliament has passed a government bill that will open its mobile phone market to competition from at least two new operators. 

PPPs no magic wand, says firm

12th December 2001 While public–private partnerships (PPPs), such as the toll-road projects unfolding in South Africa at present, can play a significant role in economic upliftment and infrastructure delivery, they should not be seen as the magic wand that will solve all the country’s infrastructure... 

Columbus expansion will be a consideration in 2002

By: Terence Creamer     12th December 2001 It is anticipated that all outstanding conditions precedent for the acquisition of Columbus Stainless by Acerinox of Spain will be met by the end of this month, and that the new ownership structure will be in place by the second or third week of January. 

New law allows recognition of heritage sites

12th December 2001 Makapane’s Valley and Mapungubwe Hill in the Northern Province are the first two sites in South Africa to be declared national heritage sites by the South African Heritage Resources Agency (Sahra) under new legislation. 

Nigerian power capacity expansion on track

12th December 2001 Nigerian president Olusegun Obasanjo reaffirmed that the country was on course in his government’s promise to end the erratic electricity supply from next January. 

Nigerian gas firm not affected by US trade partner's collapse

12th December 2001 The financial woes of crippled US energy group Enron Corporation will not affect Nigerian Liquefied Natural Gas, with which it signed a memorandum of understanding (MoU) in October for gas deliveries, said an NLNG spokesperson. 

Telco expects new division to do well

By: Keith Campbell     12th December 2001 SOUTH African telecomms parastatal Telkom is confident that its Business Integration Services (TBIS) division will become a significant revenue contributor to the group over the next five years. 

Cape Town International Convention Centre, Western Cape

12th December 2001 A joint venture between Murray and Roberts and WBHO has been awarded the principal contract for the Cape Town convention centre hotel, the R460-million ArabellaSheraton Grand Hotel Cape Town. 

Four bidders for Zambia’s railways

11th December 2001 South Africa’s Spoornet and US firm Edlow Resources are among four companies bidding to operate and manage the assets of Zambia Railways, officials from Zambia’s privatisation agency said. 

SA summit to seek economic consensus proposed

11th December 2001 Four working groups, hosted by President Thabo Mbeki in Pretoria, have proposed an economic growth summit for next year to give all sectors the opportunity to work together and take the country into a higher growth path. 

Deal on new power-distribution regime by Jan

11th December 2001 A cooperative agreement between government and participants in the electricity distribution industry (EDI) on the restructuring of this sector – which includes the controversial formation of regional electricity distributors (Reds) – is expected to be finalised in January. 

World earth summit date may change

11th December 2001 The United Nations (UN) General Assembly is finalising a decision that would change the dates for the World Summit on Sustainable Development (WSSD) to be held in South Africa next year. 

China-SA binational commission launched

11th December 2001 The second day of President Thabo Mbeki's three-day State visit to China saw the launch of the South African-China Bi-National Commission in the capital Beijing. 

SA cell provider No 1 in DRC

11th December 2001 Africa's biggest mobile operator Vodacom said on Monday it was teaming up with Congolese Wireless Networks (CWN) to extend cellphone use in the war-torn Democratic Republic of Congo (DRC). 

SA telecoms monopoly stares down regulator

11th December 2001 South African phone utility Telkom brushed aside the industry regulator's plans to enforce below-inflation price hikes next year, saying the new regulations were "defective". 

SA needs to boost manufacturing – Harris

10th December 2001 The manufacturing industry is alive and well in South Africa, which is evident in the considerable growth over the past decade in this sector, states Seifsa president Tony Harris. 

SA-Norway in research co-operation

10th December 2001 A R35-million research cooperation agreement between South Africa and Norway was signed this morning in Pretoria. 

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