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Latest News

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... 

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%. 

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... 

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). 

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... 

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... 

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 

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... 

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... 

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... 

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... 

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.... 

$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... 

$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... 

Africa's high freight cost impede trade

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

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. 

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. 

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. 

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. 

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... 

$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. 

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. 

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. 

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... 

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... 

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... 

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... 

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,... 

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. 

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. 

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. 

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. 

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... 

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