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There is room for more ride-hailing services, says Taxify country manager

By: Irma Venter     23rd October 2018 Taxify believes there is room for another electronic ride-hailing service in South Africa. US-based Uber started operations in South Africa in 2013, with Estonia’s Taxify moving into the country in 2016. 

ACSA reports fall in earnings in line with lower aeronautical charges

By: Rebecca Campbell     12th October 2018 The Airports Company South Africa (ACSA), one of the few South African State-owned companies that has been able to keep itself financially healthy, reported recently that, despite declines in its revenues, profits, and earnings before interest, tax, depreciation and amortisation (Ebitda), it was... 

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

Volkswagen signs assembly, policy MoUs in Nigeria, Ghana

By: Irma Venter     3rd September 2018 Volkswagen has added Ghana and Nigeria to its list of future vehicle assembly operations in Africa. The German manufacturer is already active on assembly sites in Kenya, Algeria and Rwanda. 

Ghana opposition seeks IMF view on $2bn Chinese Bauxite deal

By: Reuters     24th August 2018 Ghana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2-billion Chinese deal agreed by the government in exchange for bauxite will add to the country's debt burden, it said on Thursday. Under the deal, approved by Ghanaian lawmakers last month, China's... 

ACSA continues to work with African partners in developing airports 

By: Kim Cloete     13th June 2018 The Airports Company South Africa (ACSA) says it is working with its counterparts in Mozambique, Zambia and Ghana on the commissioning of airports. ACSA COO Fundi Sithebe says the company is assisting the Zambian government in commissioning its Kenneth Kaunda International Airport, as well as... 

Companies urged to accelerate carbon cuts

By: Kim Cloete     8th June 2018 South Africa needs to speed up its efforts to cut carbon emissions in tune with a more sustainable future, say analysts. Joanne Henstock, Africa Executive Director for Governance, Integrated Reporting and Sustainability at EY, says South Africa faces significant challenges in achieving its... 

Ghana gold output up 10.2% to 2.81Moz in 2017 – Chamber of Mines

By: Reuters     1st June 2018 Ghana's gold output rose to 2.81-million ounces in 2017, up 10.2% from the previous year, data from the Ghana Chamber of Mines showed on Friday. The growth reflected a general increase in output across most of the 12 mining firms operating in the West African country, the chamber said. 

Infrastructure development key to meeting consumer demand in megacities – economist

By: Marleny Arnoldi     31st May 2018 There are rapidly growing megacities, including Accra, Cairo, Lagos, Johannesburg, Nairobi and Kinshasa, in Africa, and it is important to ensure infrastructure development grows at a pace that will meet the increasing consumer demand that will come out of these megacities, said Imara Africa... 

Ghana gold miners say welcome new government export tests

By: Reuters     31st May 2018 Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports, the main industry association said on Wednesday. The tests that come in addition to customs checks and internal company tests are part of an attempt... 

Kinross reels as two more Africa nations seek mining payoffs

By: Bloomberg     10th May 2018 Kinross Gold is the latest miner to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue. Mauritania’s rejection of a key permit to expand a Kinross project, and a proposed mining code... 

Ghana mulls shake-up of mining policy in bid to boost income

By: Bloomberg     9th May 2018 Ghana is benefiting little from its mineral wealth and needs a review of its mining code and tax policies, said Vice President Mahamudu Bawumia. While the West African nation holds a 10% stake in most mines in the country, it has earned almost nothing in dividends since 2012, rendering the... 

IMF warns of rising African debt despite faster economic growth

By: Reuters     8th May 2018 Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, despite an overall uptick in economic growth, the International Monetary Fund (IMF) warned on Tuesday. The sober assessment comes as African countries continue to tap international... 

South African air traffic controller elected VP of global ATC representative body

By: Rebecca Campbell     23rd April 2018 Air Traffic and Navigation Services, the State-owned company that is responsible for South Africa’s air traffic management, announced on Sunday that its Area Radar Controller at OR Tambo International Airport (Johannesburg), Peter van Rooyen, had been elected Executive VP of the International... 

Grit buys Mozambique property from Tradehold

By: Anine Kilian     13th April 2018 JSE-listed Grit Real Estate and Tradehold on Friday announced a $23-million Mozambique property transaction in which Grit would buy an A-grade corporate residential complex, known as Acacia Estate, in Maputo, from Tradehold. Grit has signed an agreement with Tradehold Africa, TC Maputo, Cognis 1... 

Newmont suspends operations at Ghana mine after six workers killed

By: Reuters     9th April 2018 Six construction workers have been killed in an accident at Newmont's Ahafo gold mine in Ghana, forcing the surface mine to suspend its operations, a local Newmont manager said on Sunday. The workers died after a tunnel roof collapsed on them at the construction site of an expanded gold... 

Ghana to review corporate tax exemptions for resources sector

By: Reuters     5th April 2018 Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday. Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent, and... 

Ghanaians protest over expanded military co-operation deal with US

By: Reuters     28th March 2018 Thousands of people protested in Ghana's capital Accra on Wednesday against the expansion of its defence cooperation with the United States, in a rare public display of opposition to the growing foreign military presence in West Africa. Demonstrators blowing vuvuzelas and beating drums filled... 

Biggest Ghana mine union plans strikes over Gold Fields jobs

By: Bloomberg     9th March 2018 Ghana’s largest mineworkers’ union plans protests and strikes throughout operations in the country if the government allows Gold Fields’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine in the West African nation. Gold Fields... 

Ghana President seeks to barter bauxite for roads, bridges

By: Bloomberg     7th March 2018 Ghana will finalise details of an infrastructure program before the end of the year and will pay for it with refined bauxite, said President Nana Akufo-Addo. The West African nation is seeking to derive more value from its bauxite resources by expanding the country’s processing capacity. Last... 

thyssenkrupp committed to strengthening partnerships and driving industrialisation processes in Africa

5th March 2018 thyssenkrupp Industrial Solutions is proud of its time-honoured history as a leading partner of engineering, equipment, technology, plant and service solutions to mining, cement, chemical, fertilizer and oil & gas industries across the African continent.  In a bid to further strengthen its... 

Ghana to tighten controls on gold exports to protect revenues

By: Reuters     28th February 2018 Ghana will certify the value of gold exports as part of efforts to tighten controls on the sector to ensure the state receives the revenues it is due, the vice president said on Tuesday. Ghana, Africa's second largest gold miner after South Africa, earned $5.78 billion from exports of the metal... 

M&R committed to deliver sub-Saharan power and water prospects as mega-project era draws to close 

By: Creamer Media Reporter      14th February 2018 The Power & Water business platform within JSE-listed engineering and construction group Murray & Roberts (M&R) is beginning to shift its attention from Eskom’s two megascale power station projects, in Limpopo and Mpumalanga respectively, to tackling a range of smaller opportunities in various... 

Ghana’s President will attend WAMPEX 2018 to celebrate Chamber of Mines’ birthday

29th January 2018 The President who has pledged an end to mining which destroys the environment will be special guest of honour at West Africa’s premier mining expo in Accra on May 30 His Excellency the President of the Republic of Ghana will be the Special Guest of Honour at West Africa’s premier mining and power... 

Digital transformation in sight

By: Donald Makhafola     26th January 2018 Airports Company South Africa (ACSA) has decided to transform from being an airport business that operates technology to a digital business that manages airports. ACSA CEO Bongani Maseko says the implementation of the five-year digital strategy began in 2016 and the company has already piloted... 

New optimism in the mining sector sees leading suppliers sign up for West Africa’s premier expo

25th January 2018 WAMPEX will be a key focus in 2018 for mining growth across the region following renewed commitment from governments and increasing levels of investment Top suppliers have already signed up to be part of next year’s premier mining expo for West Africa, WAMPEX 2018, which is celebrating its 24th... 

Gold Fields Ghana to dismiss 1 500 staff as contractor hired

By: Bloomberg     12th December 2017 Gold Fields’ unit in Ghana said it will dismiss 1 500 of its own staff as the company is hiring a contractor to operate its biggest mine in the West African nation. A contractor will take charge of the Tarkwa operations from early 2018 as the deposit’s remaining life span is too short to replace... 

Johannesburg ranked most visited city in Africa

By: African News Agency      10th October 2017 South Africa’s most-populated city, Johannesburg, has emerged as the most popular destination city in Africa in 2016 followed by Cape Town, according to the annual Mastercard Global Destination Cities Index released on Tuesday. The Mastercard Global Destination Cities Index showed that... 

Airports Company achieves its best-ever profits

By: Keith Campbell     29th September 2017 Airports Company South Africa (Acsa) achieved a profit of R2-billion for the 2016/2017 financial year (FY), it announced recently, up from R1.9-billion for the FY 2015/2016. “This is probably the best set of results we’ve presented in the history of the company,” affirmed CEO Bongani Maseko at... 

Flsmidth Goes Local In Ghana With New Office Opening

11th September 2017 FLSmidth is further entrenching its Africa footprint with the opening of a new subsidiary company in Accra, the capital of Ghana. According to Deon de Kock, FLSmidth country head in South Africa and vice president in Sub-Saharan Africa, the move has been made in response to the company’s critical... 

SKA Africa partner countries to collaborate on radio astronomy

By: Mia Breytenbach     8th September 2017 Following the conclusion of the fourth Ministerial meeting of the Square Kilometre Array (SKA) Africa partner countries in Accra, Ghana, last month, members of the nine countries, represented by their science and technology Ministers and Deputy Ministers, signed a memorandum of understanding to... 

Ghana officials showcase progress on international airport project

By: David Oliveira     1st September 2017 The construction of a new terminal at Ghana’s Kotoka International Airport (KIA), in Accra, is expected to transport five-million passengers a year once completed in April next year. The project, funded by the African Development Bank (AfDB), with a $120-million facility, will not only improve... 

Accra Aparthotel project, Ghana

By: Sheila Barradas     1st September 2017 1 Oxford Street, a joint venture between Wonda World Estate, part of the Kwarleyz Group, and the Cola Group, proposes to develop an upmarket, mixed-use development in Accra. 

Atterbury’s Kumasi City Mall development wins the API Award for African retail property

29th August 2017 Kumasi City Mall, developed by leading South African property development and investment company Atterbury, has won the first ever Africa Property Investment (API) Award for retail real estate. The awards, announced at the recent API Summit and Expo 2017 held in Sandton Central, recognise... 

SKA Africa partner countries to collaborate on radio astronomy

By: Mia Breytenbach     25th August 2017 Following the conclusion of the fourth Ministerial meeting of the Square Kilometre Array (SKA) Africa partner countries in Accra, Ghana, on Thursday, members of the nine countries, represented by their Science and Technology Ministers and Deputy Ministers, signed a memorandum of understanding to... 

South Africa sets up entity to house all radio astronomy facilities

By: Keith Campbell     11th August 2017 South Africa has consolidated its radio astronomy facilities into a single institution, the South African Radio Astronomy Observatory (SARAO). This happened at the end of last month when Science and Technology Minister Naledi Pandor announced that the Hartebeesthoek Radio Astronomy Observatory... 

Ghana, South Africa celebrate first success of African network of telescopes

By: Anine Kilian     4th July 2017 The Ministries of Ghana and South Africa have announced the combination of 'first light' science observations, confirming the successful conversion of a Ghana communications antenna from a redundant telecommunications instrument into a functioning Very Long Baseline Interferometry (VLBI) radio... 

Strides made in smart solutions

By: Tasneem Bulbulia     30th June 2017 An early flood warning app designed for the city of Accra, in Ghana, will make all the difference to the city’s resilience, its people and their future wellbeing, posits Royal HaskoningDHV global business line director water Anke Mastenbroek. The app is a notable example of a smart water solution... 

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