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Latest News

Big power equipment maintenance contract signed

22nd January 2002 A renewal of the service level agreement between Eskom Generation and Rotek Engineering, a division of Rotek Industries was signed yesterday. The agreement covers the maintenance and repair of Eskom’s power generation plant and equipment and has a duration of three years, starting this... 

M’bique’s sugar output climbs

21st January 2002 The past sugar season Mozambique has begun producing a crop large enough to have an exportable surplus after meeting domestic demand. 

Angola oil consignment arrives in Durban

21st January 2002 Oil firm BP has sent the first major consignment of oil from the huge new Girassol field off Angola to its South African subsidiary, company officials said. BP Southern Africa spokesperson Keith Bryer said the one-million-barrel cargo would arrive in Durban on February 11 for processing by the... 

$94m needed to upgrade Kenyan refinery

21st January 2002 The Kenyan government requires $94-million to upgrade the Mombasa oil refinery, and has to decide whether to proceed with the project or to build a new refinery altogether. Energy Minister Raila Odinga said that this was the figure arrived at by a special study commissioned by the government.... 

Setting the country's training and education wheels in motion

18th January 2002 That lack of knowledge in its broadest sense is a serious impediment to progress has been known since time immemorial. Even Hosea, the Old Testament prophet, warned his embattled countrymen that they were perishing for lack of enlightenment. 

R5bn spend to clean up fuel

18th January 2002 The local oil refinery industry will have to invest between R4-billion and R5-billion to upgrade refineries as more stringent environmental requirements on petrol and diesel are coming into play in the next few years, says South African Petroleum Industry Association (Sapia) director Colin... 

$700m investment planned for Moroccan refinery

18th January 2002 Moroccan oil refiner Samir will invest $700-million from June to upgrade its capacity and boost output, its chairperson, Abderrahman Saaidi, said. “To reinforce our position in the market as a leading oil refiner and diversify our activities, we decided to launch a $700-million investment... 

81 engineering firms in maintenance of State buildings

18th January 2002 The National Department of Public Works appointed a further 81 professional engineering firms to spearhead the repair and maintenance programme on an additional 146 prisons and 41 military bases as part of its strategy to tackle a maintenance backlog on the State’s fixed properties. Of the... 

Demand for 'green electricity' growing

17th January 2002 UK wind-farm developer Renewable Energy Systems (RES) said it was setting up a subsidiary in Sweden to take advantage of the growing Scandinavian demand for green electricity. The unit, to be located at Osterund, will work with Swedish independent wind-farm developer Borevind, said RES, part of... 

Rwanda breathing life into flower exports

17th January 2002 With gloom hanging over its main cash crop, coffee, Rwanda is gradually reviving pyrethrum exports, officials say. Pyrethrum, a type of chrysanthemum with white flowers which are dried and refined to produce natural insecticides, grows well in Rwanda’s volcanic highland soils in central... 

World gas summit for Algeria

17th January 2002 The energy ministers of top gas producing countries will meet in Algeria next month to exchange views and admit four new members to the recently-created Gas Exporting Countries’ Forum (GECF), energy officials said. The forum sprang to life last May when Iran hosted a gathering of officials... 

SA, Cameroon go to international arbitration over maintenance contract

17th January 2002 State transport utility Transnet plans to defend itself against allegations by the Cameroon Authorities that its officials used unorthodox means to obtain contract in that country. 

Land, deep water oil search in Gabon

16th January 2002 Oil firm Royal Dutch/Shell’s unit in Gabon said it was concentrating exploration efforts on land and in deep waters to cut an annual decline in production of 20%. Shell’s MD in the Central African country, Jean-Pierre Tallon, said the company’s production in Gabon could be... 

R270m Kruger airport construction on fast track

16th January 2002 Mpumalanga’s new R270-million international airport, situated on the border of the Kruger National Park, is on track to open for regional flights in September. 

SA steel deal approved

16th January 2002 South African steel firm Iscor said its shareholders had approved a deal with LNM Holdings under which the UK-based steel company will acquire Iscor shares in exchange for business assistance. “The agreement is a performance-based deal between the two steel companies in terms of which LNM... 

Zimbabwe again excluded from Agoa

15th January 2002 Zimbabwe has again been left out of a list of 35 sub-Saharan African countries approved by the US government as eligible for tariff preferences under that country’s African Growth and Opportunity Act (Agoa). Zimbabwe is the only Southern African Development Community (SADC) country that was... 

Canada to talk energy with Libya

15th January 2002 A Canadian government minister will pay a historic visit to the oil-rich North African State of Libya this week which could boost flagging trade ties and open the door to more investment by Canada’s energy companies. David Kilgour, Canada’s secretary of State for Latin America and... 

Plan for global summit on digital divide

15th January 2002 The United Nations (UN) has taken a major step towards bridging the Digital Divide‚ with the adoption of a resolution by the General Assembly, which welcomes the organisation of the World Summit on the Information Society. The summit, which is expected to promote access by all countries to... 

World tourism council confirms SA is new favoured destination

15th January 2002 Changes to favoured destinations are expected in 2002 after the September 11 attacks, said the World Travel and Tourism Council (WTTC), with the overall contribution of tourism to global gross domestic product (GDP) holding at around 10%. 

SA defence group in helicopter deal

15th January 2002 South African defence group Denel said it had clinched a licence to produce and market Agusta helicopters, giving it access to the civil helicopter market. CEO Flip Botha said the licence agreement with Italy’s unlisted Agusta would enable Denel to produce and market the A109 and A119 Koala... 

Action plan for stainless development

14th January 2002 An action plan which focuses on the medium- and long-term development of the stainless steel industry is being implemented by the International Stainless Steel Forum (ISSF). 

Plan to smooth commodity volatility

14th January 2002 The World Bank plans to bring farmers and producers in developing countries closer to world financial markets with a derivatives trading system that would cushion them against volatile c 

Nigeria invites oil refinery bids

14th January 2002 Nigeria has invited international bids from investors wanting to set up private refineries in the most far-reaching step towards liberalising its downstream oil industry. Presidential Adviser on Petroleum and Energy Rilwanu Lukman told a news briefing that there was no predetermined limit to the... 

Developing countries to boost growth in 2002.

14th January 2002 Solid growth in developing countries will help the global economy expand in 2002 despite a worldwide slump aggravated by the September 11 terror attacks, a senior official from the IMF said in Tokyo. “Our projections for world growth of 2,4 percentage points, is in fact, higher than our... 

Big power ambitions emerging in Algeria

11th January 2002 The construction of a $1,5-billion subsea pipeline to export gas to Spain and a viability study on the establishment of a trans-Mediterranean electricity export link to Italy are included in the Algerian Energy Company’s (AEC) plans for a portfolio of power projects for which it is looking... 

Iron, steel imports don't undermine US – report

11th January 2002 Imports of iron-ore and semi-finished steel do not undermine US national security so such concerns should not be cited as a reason to restrict them, the US Commerce Department said. Commerce made the recommendation in a report to President George W. Bush on the results of its Section 232... 

Bush puts weight behind fuel-cell

11th January 2002 The Bush administration is walking away from a $1,5-billion eight-year government-subsidised project to develop high-mileage petrol-fuelled vehicles. Instead it is throwing its support behind a plan that the Energy Department and the auto industry have devised to develop hydrogen-based fuel cells... 

US industrial outlook remains depressed

11th January 2002 According to the latest release of the 2002 Industrial Outlook, portions of the industrial manufacturing sector will remain depressed for this year. Capital spending remained moderately low in 2001 for the automotive, printing, publishing, and plastics and rubber products moulding industries.... 

Stainless disposal completed

11th January 2002 Stainless steel producer Acerinox of Spain has, with effect from January 1 2002, acquired a 64% interest in Columbus Stainless Steel from Highveld Steel, Samancor and the Industrial Development Corporation (IDC) of South Africa for a total consideration of €232-million. The three South... 

Fuel-cell car unveiled

10th January 2002 Alternative energy source stocks soared earlier this week as General Motors Corporation unveiled a new energy-efficient car at Detroit’s annual auto show and reported that the US Department of Energy plans to invest in research of fuel- ells as an energy substitute, analysts said. 

$7,5bn oil, gas investment plan for Nigeria

10th January 2002 A new five-year investment of $7,5-billion is being planned by Royal Dutch/Shell and its joint venture partners in Nigeria in the West African country’s oil and gas industry, company officials said. Much of the investment will go to Shell’s stake in new phases of the Nigeria Liquefied... 

$40,5m air-traffic system for Tanzania

10th January 2002 The British government has given BAE Systems the green light to sell a $40,5- million air-traffic control system to cash-strapped Tanzania. The government has declined to comment on the deal, citing commercial confidentiality. The proposed deal has drawn criticism from the World Bank and the aid... 

Africa's high freight cost impede trade

10th January 2002 High freight costs and inland transport difficulties are African ports’ biggest disadvantages. 

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. 

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