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Mondi Q1 performance strong despite maintenance shutdowns, challenging trading conditions

By: Marleny Arnoldi     16th May 2018 Paper and packaging multinational Mondi achieved an underlying profit of €295-million for the first quarter ended March 31 – a 15% improvement on the underlying profit of €256-million reported for the first quarter of 2017 and a 6% improvement on the €279-million reported for the fourth quarter... 

The rise of AI in Africa

By: Martin Zhuwakinyu     11th May 2018 An extraordinary visitor graced the Creative Industry Summit, which was held in the Egyptian capital of Cairo last month. Like other attendees, she has a name and a nationality and is apparently well informed about current affairs. But, unlike everyone else, she was not born of flesh and blood.... 

Mondi Group signs an agreement to acquire NPP in Egypt

By: African News Agency      1st May 2018 International packaging and paper group Mondi said on Monday it had signed an agreement to acquire 100% of the outstanding shares in Egypt's National Company for Paper Products and Import & Export for EGP510-million on a debt and cash free-basis. NPP is a privately owned industrial bags... 

Mondi to acquire Egyptian industrial bags producer for €23.7m

By: Simone Liedtke     30th April 2018 International packaging and paper group Mondi will acquire Egyptian privately owned industrial bags producer National Company for Paper Products and Import & Export (NPP) for €23.7-million. The transaction is subject to customary closing conditions and is expected to complete during the first... 

Afreximbank, ECIC Sign MOU, Pledge $1bn to Expand Trade Between South Africa and Other African Nations

16th April 2018 Afreximbank President Dr. Benedict Oramah (right) and Kutoane Kutoane, Chief Executive Officer of ECIC of South Africa, exchange documents following the signing of the MOU in Cairo. The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa (ECIC)... 

Three-nation talks on Ethiopia dam fail to reach agreement

By: Reuters     6th April 2018 Talks in Khartoum between Ethiopia, Sudan and Egypt to resolve differences over a dam Ethiopia is building ended early on Friday without agreement, the Sudanese foreign minister said. Egypt and Ethiopia are at loggerheads over the construction of the Grand Renaissance Dam, a $4-billion... 

Fluor Awarded Front-End Engineering and Design and Project Management Consultancy Contract for Phosphoric Acid Production Facility in Egypt

By: Creamer Media Reporter      4th April 2018 IRVING, Texas & CAIRO--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it was awarded the front-end engineering design (FEED) contract by Egypt’s state energy firm Enppi for the offsites and utilities portion of the main plant complex and support services for the Waphco... 

Sudan, Qatar to sign $4bn deal to manage Red Sea port – Ministry

By: Reuters     27th March 2018 Sudan and Qatar will sign a $4-billion agreement to jointly develop the Red Sea port of Suakin off Sudan's coast, Sudanese media quoted Transport Minister Makawi Mohamed Awad as saying. Awad made the announcement during a visit by Qatari officials to Suakin on Sunday, the reports said. 

Lean Institute Africa gets its first woman CEO

20th March 2018 Rose Heathcote has been appointed CEO of the Lean Institute Africa (LIA) as of 1st March 2018. She thereby becomes the Not-for-Profit Organisation’s first woman CEO, and second woman Institutional Head in the in the ten-year-old, twenty-seven-member Lean Global Network (LGN). She will attend the... 

Packaging: multiple purposes, one platform

6th March 2018 Modern day packaging plays many roles, from containing and preserving products to informing customers about contents, ingredients, dosage instructions and so forth. It is also a valuable platform for brand communication, where product owners and marketers can display their brand identities,... 

ANDRITZ to supply irrigation pumps for Egypt

9th February 2018 International technology Group ANDRITZ has received an order from CONCORD for Engineering and Contracting, Cairo, Egypt, to supply 17 vertical line shaft pumps, including a set of spare parts, for a pumping station providing the water supply to the Nubaria irrigation canal, located south of the... 

Egypt, Ethiopia and Sudan hope to break Nile dam talks deadlock in one month 

By: Reuters     29th January 2018 The leaders of Ethiopia, Egypt and Sudan on Monday set a one-month deadline for laying out the ways to break a deadlock in talks over a mega dam Addis Ababa is building along its share of the Nile, an official said. Egypt and Ethiopia are at loggerheads over the construction of the Grand... 

Ethiopia leader rejects call for World Bank arbitration in dam dispute 

By: Reuters     22nd January 2018 Ethiopia's Prime Minister Hailemariam Desalegn has rejected a call by Egypt for World Bank arbitration in a dispute over a hydroelectric dam Addis Ababa is building along its share of the Nile. The two countries are at odds over the construction of the Grand Ethiopian Renaissance Dam, with Cairo... 

Egypt, Ethiopia leaders say Nile dam must not ruin relations

By: Reuters     19th January 2018 Egyptian President Abdel Fattah al-Sisi pledged on Thursday not to let differences over a dam Ethiopia is building on the Nile river ruin relations with Addis Ababa. Ethiopia hopes the hydroelectric Grand Renaissance Dam will make it Africa's largest power exporter. 

Grand Ethiopian Renaissance Dam, Ethiopia

By: Sheila Barradas     24th November 2017 Negotiations on how to conduct technical studies of the dam’s potential impact on the downstream countries – Egypt, Sudan and Ethiopia – have broken down. 

Egypt, Ethiopia deadlocked on dam studies 

By: African News Agency      20th November 2017 Egypt and Ethiopia have reached a deadlock in further studies on the effects of the Ethiopian Grand Renaissance Dam (GERD) on downstream countries, Egyptian Al Ahram newspaper reports. This information was conveyed by Egyptian Foreign Minister Sameh Shoukry to US Secretary of State Rex Tillerson... 

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... 

Infrastructure initiative garners support from nine African presidents

By: Natasha Odendaal     21st August 2017 Spearheaded by South Africa’s President Jacob Zuma, the Presidential Infrastructure Champion Initiative (PICI), aimed at accelerating regional trade and unlocking the economic potential of the continent, now has nine African presidents on board, with ten projects in the spotlight as Africa... 

Africa urged to focus on attracting more FDI

By: Anine Kilian     28th July 2017 Improving the quality of life for people in Africa is a key goal of the African Development Bank and this will require the continent to attract more foreign direct investment (FDI). Addressing delegates at the second Gauteng Infrastructure Investment Conference, in Midrand, on Friday, University... 

Africa’s rail development key to growth in intra-Africa trade

By: Natasha Odendaal     14th June 2017 A lack of efficient rail infrastructure and a rail “disconnect” were inhibiting dealings within the continent and contributing to struggling intra-African trade growth, Common Market for Eastern and Southern Africa-Alliance for Commodity Trade in East and Southern Africa trade and market director... 

Gulf of Suez wind farm project, Egypt

By: Sheila Barradas     19th May 2017 The project entails the construction of a 200 MW wind farm. 

Cross-border power to boost African economies

By: Robyn Wilkinson     21st April 2017 With the announcement of an ambitious power project to connect Cape Town and Cairo within the next three years by regional orhganisation the Eastern Africa Power Pool, the opportunities for reliable cross-border electricity generation are once again in the spotlight, says power generation... 

Mall of Egypt project, Egypt

By: Sheila Barradas     13th April 2017 This Mall of Egypt will be one of the biggest shopping centres in North Africa. 

What to expect on trade agreements front in 2017

By: Taapano Paradza      17th March 2017 As far as trade agreements are concerned, 2016 was an unprecedented year, with significant activity occurring that had never been witnessed in the past decade. The Economic Partnership Agreement with the European Union and South Africa’s first trade agreement with South America, the Common Market... 

Africa’s Biggest Coatings Show Entrusted To Major Global Expo Organisers

9th March 2017 Leading international exhibitions organisers, dmg events - Middle East, Asia & Africa, will in June next year stage Coatings for Africa 2018, the largest event for its industry on the continent. Coatings for Africa – the longest-running coatings event in Africa - is jointly presented by the SA... 

South Africa to be ‘resolute’ in using tariffs to protect domestic industry 

By: Terence Creamer     15th February 2017 South Africa will be “resolute” in using tariffs to defend domestic industry and support industrial development, particularly in light of moves towards greater protectionism in other countries, Trade and Industry Minister Dr Rob Davies said in his contribution to the State of the Nation debate on... 

Egypt risks no interest in gold tender as Centamin won’t bid

By: Bloomberg     23rd January 2017 Egypt is at risk of getting no participation in its first exploration tender in gold since 2009 after Centamin, which operates the nation’s only active gold mine, Sukari, and two other companies in the country said they won’t bid. Terms being offered “result in an effective tax rate that is by... 

Fourteen airport rail links planned in Africa, including two more in SA

By: Irma Venter     16th December 2016 There are more than 7 000 airports indexed at the International Air Transport Association (Iata), with 600 of those handling more than 1-million passengers a year. Around 150 of these 600 airports have rail access directly to the terminals, with only 23 of the 150 featuring dedicated,... 

Fourteen airport rail links planned in Africa, including two more in South Africa

By: Irma Venter     15th December 2016 There are more than 7 000 airports indexed at the International Air Transport Association (Iata), with 600 of those hand- ling more than one-million passengers a year. Around 150 of these 600 airports have rail access directly to the terminals, with only 23 of the 150 featuring dedicated,... 

Prioritizing renewable energy and energy efficiency to accelerate growth in Africa

7th December 2016 ABB supported a number of pledges signed by world leaders at COP21 in Paris, including a commitment to scale up renewable energy and help emerging economies transition their markets for energy efficient products. At COP22, ABB showed how this commitment translates into solutions and services that... 

Ingeteam launches its new 100 kW three-phase string inverter

29th November 2016 The inverter is to be showcased at the Solar-Tec fair in Cairo, Egypt Series production is set to commence in June 2017 Ingeteam is finalizing the launch of its new PV string inverter, which will make it possible to achieve a power output of 100 kWAC in a single, 75 kg unit. This inverter will... 

Opportunities for bitumen producers increased in Africa

2nd September 2016 With there being various commitments to improve infrastructure made by African countries, bitumen producers will be assured of significant work in future, says oil industry company Royal Dutch Shell. According to figures stated in the Roads and Highways overview compiled by international... 

Cairo Solar Farm project, Egypt

By: Sheila Barradas     12th August 2016 The project is part of the first regulatory round of the Egypt's Feed-in Tariff programme, which aims to procure 4 300 MW of renewable-energy capacity. 

Political turbulence overshadowing Egypt’s efforts to increase mining’s share of GDP

By: Ilan Solomons     29th July 2016 Egypt, which seeks to grow its mining sector’s contribution to the country’s gross domestic product (GDP), has become Africa’s second-largest economy after Nigeria, pushing South Africa into third place on the continent. This is according to data released by multilateral organisation the... 

Transport costs undermining African farmers

By: Irma Venter     22nd July 2016 A study shows that agricultural fertiliser can land at the Kenyan Port of Mombasa at $350/t, and then sell for 300% to 400% more 1 000 km inland, says Common Market for Eastern and Southern Africa (Comesa) Alliance for Commodity Trade in Eastern and Southern Africa CEO Argent Chuula. “The same is... 

Cairo Metro Line 3 – Phase 3 project, Egypt

By: Sheila Barradas     22nd July 2016 The works will require the construction of a new tunnel under the Nile river. 

DTI sets up Africa-focused trade unit in bid to grow exports beyond R300bn

By: Terence Creamer     15th July 2016 The South African government believes the launch of a new one-stop-shop to facilitate higher levels of trade and investment in the rest of Africa will help consolidate the continent as the country’s most important market for value-added goods and create the platform for an expansion in exports... 

Intra-African trade costs highest of all developing regions

By: Irma Venter     30th June 2016 A study shows that agricultural fertiliser can land at the Kenyan Port of Mombasa at $350/t, and then sell for 300% to 400% more 1 000 km inland, says Common Market for Eastern and Southern Africa (Comesa) Alliance for Commodity Trade in Eastern and Southern Africa CEO Argent Chuula. “The same is... 

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