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Amid challenges, power sector offers massive opportunities

By: Nadine James     17th March 2017 Although the power and electricity sector in Africa faces massive challenges, it also offers massive opportunities, says Power & Electricity World Africa (PEWA) event organiser Terrapinn.  

Mikono Expo Group will Host the Dar Construction Trade Expo and the East Africa Smart Building Summit 2017 in Dar es Salaam,Tanzania!!

     15th March 2017 Tanzanian based company Mikono Speakers under her sister company Mikono Expo Group, which operates in Tanzania, South Africa and other African nations, is hosting the Dar Construction Trade Expo 2017. This esteemed event will take place along with the East Africa Smart Building Conference. More... 

Gautrain on par with global standards – RATP

By: Anine Kilian     10th March 2017 French-owned public transport operator Régie Autonome des Transports Parisiens (RATP) is confident that the addition of new rolling stock for South Africa’s Gautrain will generate significant benefits for the rapid-rail system. RATP is a shareholder of the Bombela Operating Company (BOC), which... 

Kariba dam rehabilitation project, Zambia

By: Sheila Barradas     10th March 2017 The Zambian and Zimbabwean governments have signed the plunge pool reshaping works contract. 

Zambia's power costs 'defining issue' for mining – chamber

By: Reuters     9th March 2017 Zambia's electricity costs will be the "defining issue" for the mining sector this year and beyond, Chamber of Mines President Nathan Chishimba said on Thursday. The southern African country, which is a major copper producer, is struggling to maintain power supplies as a severe drought has caused... 

Mali to build $25m solar plant with loan from AfDB

By: Megan van Wyngaardt     8th March 2017 Mali’s first utility-scale solar photovoltaic (PV) power plant, the 33 MW Segou project, which will be built at a cost of $25-million. The project will increase the country¹s installed capacity from renewable resources and will generate 52.7 GWh/y, or about 10% of current generation capacity,... 

AfDB supports Zimbabwe’s efforts to reform SoEs

By: Anine Kilian     3rd March 2017 African Development Bank (AfDB) Southern Africa regional development and business delivery office DG Tonia Kandiero and Zimbabwe Finance and Economic Development Minister Patrick Chinamasa have signed a $4-million grant agreement to support a State-owned enterprise (SoE) reform and delivery... 

Ethiopian Airlines receives backing for big growth plan

By: John Muchira     3rd March 2017 Plans by Africa’s fastest-growing carrier, Ethiopia Airlines, to double its size by 2025 have received a major boost in the form of a $159-million loan from the African Development Bank (AfDB) to fund its fleet expansion efforts. The loan, which is backed by the African Trade Insurance Agency... 

Busega–Mpigi express highway project, Tanzania

By: Sheila Barradas     24th February 2017 The project involves the construction of a 23.7 km four-lane express highway. 

Global and national energy experts prepare to attend the annual Africa Energy Indaba 2017 following #AfricaAtDavos

     7th February 2017 World Economic Forum followers of 2017 reported that this year’s event saw a shift in the way Africa was perceived at Davos.  Discussions were particularly focused on opportunities for business and investment and African business leaders made their voices heard.  The popularity of the... 

Mutunguru small hydropower project, Kenya

By: Sheila Barradas     3rd February 2017 Mutunguru Hydroelectric Company plans to build a 7.8 MW hydropower plant, in Kenya. 

How will Trump impact on Africa’s renewables landscape?

     27th January 2017 By Robert Franklin It is estimated that from 2010-2015 an additional 20,000MW of generation capacity entered operation in Africa, of which 7,500MW consisted of renewables.  Over recent years renewables' share of projected capacity additions has been periodically adjusted upwards in countries'... 

Mueda–Negomano road construction project, Mozambique

By: Sheila Barradas     27th January 2017 The African Development Bank has approved a $71.8-million grant and a $3.1-million loan to the government of Mozambique for Phase 1 of the project. 

Closing Africa’s energy gap key to sustained economic growth

By: African News Agency      18th January 2017 A lack of access to electricity precluded Africa from fully participating in the Fourth Industrial Revolution, and private sector investment in power generation was key to spurring Africa’s growth. Speaking during a session called “Powering Africa”, at the forty-seventh Annual Meeting of the... 

AfDB board approves Boost Africa Investment Programme

By: Anine Kilian     24th November 2016 The African Development Bank’s (AfDB’s) board of directors has approved the €50-million Boost Africa Investment Programme – a package of investments in various venture, seed, accelerator and incubator funds that aim to support innovative start-ups and early-stage small businesses across Africa.... 

Upscaled infrastructure and regional integration needed in Africa

     10th June 2016 Africa is urbanising at a rapid pace, which means infrastructure such as bypasses, bridges, new highways and new technologies needs to be deployed in congested areas where traditional methods cannot work, notes Africa-focused consultancy Africa House director Duncan Bonnett. 

African Ministers, VIPs & Infrastructure Experts In Johannesburg To Push For Progress In Regional Infrastructure Projects

     7th June 2016 This week more than 50 of the continent’s infrastructure heavyweights descend on Johannesburg for the continent’s biggest annual infrastructure event that will take centre stage as Africa’s preferred destination for connecting and investing in African infrastructure projects. Africa has a long... 

Infrastructure Africa Summit to tackle issues that will awaken sleeping African giant

     6th June 2016 31st May, Johannesburg – Last week’s Africa Day was commemorated across the continent, marking the birth of the Organisation of African Unity (OAU) in 1963. The celebrations were met with renewed calls for Africa to make its own way, to work on the low rate of inter-regional trade and to build... 

Energy critical for Africa to benefit from 4th Industrial Revolution

By: African News Agency      22nd January 2016 Africa can take a quantum leap forward via the Fourth Industrial Revolution, but a stable supply of energy, as envisaged by the New Deal on Energy for Africa, was absolutely critical. This was the clear consensus at Thursday’s high-level session at the World Economic Forum in Davos, with... 

What’s on the Horizon for West Africa?

     4th January 2016 The 13th annual West African Power Industry Conference will take place at the Eko Hotel, Lagos, Nigeria 16-17 November 2016. The event is West Africa’s largest strategic power and energy conference and trade exhibition aimed at accelerating power supply and driving growth within the region.  West... 

Report highlights economic risks of potential Kariba dam collapse

By: Sashnee Moodley     25th September 2015 Should the Kariba dam, a hydroelectric dam in the Kariba Gorge of the Zambezi river basin between Zambia and Zimbabwe, collapse, it would be the beginning of years of economic, social, environmental, humanitarian and technological fallout that would devastate Southern Africa’s economies. Further,... 

Potential Kariba dam collapse puts Southern Africa at economic risk  

By: Sashnee Moodley     10th September 2015 Should the Kariba dam, a hydroelectric dam in the Kariba Gorge of the Zambezi river basin between Zambia and Zimbabwe, collapse, it would be the beginning of years of economic, social, environmental, humanitarian and technological fallout that would devastate Southern Africa’s economies.  

Xina Solar One parabolic trough plant project, South Africa

     20th March 2015 Abengoa has announced that $660-million in project financing has been secured for the Xina Solar One project. 

Implats appoints political, industry heavyweights to board

By: Natalie Greve     5th March 2015 JSE-listed Impala Platinum (Implats) has appointed former Cabinet Minister Dr Sydney Mufamadi, former Harmony Gold CEO Bernard Swanepoel and former African Development Bank COO Dr Nkosana Moyo as independent nonexecutive directors, with immediate effect.  Mufamadi is a director of the School of... 

More solar thermal projects, with storage, set to enter SA power mix

By: Terence Creamer     23rd January 2015 South Africa is poised to add yet more concentrating solar power (CSP) capacity, with two additional preferred projects named by the Department of Energy (DoE) and two others reaching financial close in December. The development brings to seven the number of active CSP projects being pursued by... 

More solar thermal projects, with storage, set to enter SA power mix 

By: Terence Creamer     8th January 2015 South Africa is poised to add yet more concentrating solar power (CSP) capacity, with two additional preferred projects named by the Department of Energy (DoE) and two others reaching financial close in December. The development brings to seven the number of active CSP projects being pursued by... 

The emerging middle

By: Terence Creamer     7th November 2014 There may be no consensus on the size of Africa’s middle class, but there is, nevertheless, broad-based agreement on two things: firstly, that the African middle class is growing and, secondly, that its rise is important to the continent’s future prospects. A new book entitled The Emerging Middle... 

Education identified as key driver of Africa’s rising middle class 

By: Terence Creamer     27th October 2014 A new book entitled The Emerging Middle Class in Africa forecasts that household consumption expenditure across Africa could rise to $2.6-trillion in purchasing power parity (PPP) terms by 2020, having breached $1.6-trillion in 2011. Edited by African Development Bank chief economist Professor... 

First Sere turbines synchronised to grid, Eskom reports 

By: Terence Creamer     16th October 2014 Electricity utility Eskom reports that the first seven wind generators at its R2.5-billion Sere wind farm project, in the Western Cape, have been synchronised to the grid and that the project is on track for full commercial operations by end March 2015. Renewables GM Ayanda Nakedi says the... 

Economy was highlight of summit – Davies

By: Sapa     7th August 2014 Highlights of the US-Africa Leaders Summit focused on the economy, however the US made no commitments at the conclusion, Trade and Industry Minister Rob Davies said on Wednesday. "Many [leaders] spoke about how the economic performance of Africa was much improved," he told reporters after the... 

Grand Inga hydropower project, Democratic Republic of Congo

By: Creamer Media Reporter      29th November 2013 The Inga site development and electricity access support project has received a boost with the African Development Bank Group committing to finance nearly half of Pasel’s $169-million cost. 

Grand Inga hydroelectric project, Democratic Republic of Congo

By: Creamer Media Reporter      15th November 2013 The South African and Democratic Republic of Congo governments are planning a series of engagements with other countries in Southern Africa to assess their interest in participating in the project. 

Leadership changes at Sasol

By: Creamer Media Reporter      9th September 2013 JSE-listed energy and chemicals manufacturer Sasol has announced a number of leadership changes, including the fact that Dr Mandla Gantsho will succeed Hixonia Nyasulu as chairperson from November 22. Gantsho, a chartered accountant and a director on a number of other company boards, served as an... 

Resilience & Risk

By: Terence Creamer     23rd August 2013 There is tremendous concern about the possible impact that slowing economic growth in China could have on Africa, owing to the fact that Chinese demand for resources has provided a critical underpin for recent economic expansion in a number of African countries. However, African Development Bank... 

African growth 'resilient’ to China slowdown, but AfDB wary of QE tapering risks

By: Terence Creamer     7th August 2013 African Development Bank (AfDB) chief economist Professor Mthuli Ncube says the current slowdown of the Chinese economy will impact growth in African economies, especially those that export commodities. However, the bank does not anticipate that the fallout will be “catastrophic” and is still... 

AfDB, Commerzbank set up $100m trade finance facility

     21st June 2013 The African Development Bank (AfDB) has signed a $100-million unfunded risk-participation agreement (RPA) with Germany-based international bank Commerzbank AG, ahead of the 48th AfDB yearly meetings. The agreement, signed on May 29 in Marrakech, Morocco, stipulates that the two banks will share... 

Grand Inga hydroelectric project, Democratic Republic of Congo

By: Sheila Barradas     21st June 2013 Three consortiums are bidding to clinch the contract for the Grand Inga project. 

Low-hanging fruit

By: Terence Creamer     11th May 2012 Speaking at the recent United National Conference on Trade and Development Conference in Doha, Qatar, South Africa’s Trade and Industry Minister Dr Rob Davies again emphasised the need to promote “development integration” across Africa by combining market integration with programmes for... 

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