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Wadeville microgrid using second-hand car batteries for storage

By: Schalk Burger     30th March 2018 Power management multinational Eaton has launched a microgrid that powers its factory and campus in Wadeville, Gauteng, using second-hand lithium-ion electric car batteries for its storage component. The batteries come from Nissan Leaf electric vehicles driven in Europe, and have about 4.5 years... 

Eaton launches Wadeville microgrid using second-hand car batteries for storage

By: Schalk Burger     16th March 2018 Power management multinational Eaton has launched a microgrid that powers its factory and campus in Wadeville, Gauteng, using second-hand lithium-ion electric car batteries for its storage component. The batteries come from Nissan Leaf electric vehicles driven in Europe, and have about 4.5 years... 

Thyssenkrupp Aerospace unit to build production site in Morocco

By: Reuters     1st February 2018 Germany's Thyssenkrupp will build a sales and production site to boost its aerospace business in Morocco, it said, adding it has already reached supply agreements with aircraft parts group Figeac Aero and ARM Group. The facility, to be opened in the summer, will be located close to Casablanca and... 

Morocco announces auto industry deals worth $1.45bn

By: Reuters     12th December 2017 Morocco said on Monday it had signed deals for 26 auto industry projects worth a total of €1.23-billion ($1.45-billion) as it seeks to build its position as an international hub for the sector. The deals include six agreements with French company Renault to expand an "industry ecosystem" allowing... 

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... 

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... 

Plans unveiled for 300-m-tall Nairobi skyscraper

By: John Muchira     21st April 2017 Real estate company Hass Group has unveiled plans to build what will be Africa’s tallest skyscraper in Nairobi, Kenya. The $191-million Hass Tower will be built by China State Construction Engineering Corporation (CSCECC). It will be 300 m tall and will have 67 storeys. 

Hilton Garden Inn Casablanca Sidi Maarouf project, Morocco

By: Sheila Barradas     10th February 2017 Hilton Worldwide has signed a management agreement with Group Sadiki to open its first hotel in Casablanca. 

Infrastructure gap in Africa ‘is not just about funding’ 

By: African News Agency      23rd January 2017 Lack of infrastructure is frequently cited as being among Africa’s biggest problems and it is often blamed on lack of funding. Another point of view (and one that comes with a plan on how to tackle it) is that raising more funding is less of a problem than making existing funding work. Ravi... 

Brazilian group to help develop aviation industry in Morocco

By: Keith Campbell     5th August 2016 Brazilian aerospace group Embraer and Morocco’s Mohammed VI International Aviation Academy (AIAC) signed a memorandum of understanding (MoU) in Casablanca last week. The aim of the MoU is to develop aviation-related engineering in the North African country. Embraer will train Moroccan engineers... 

Brazilians and Moroccans agree to develop aviation industry in the African country

By: Keith Campbell     26th July 2016 Brazilian aerospace group Embraer and Morocco’s Mohammed VI International Academy of Civil Aviation (AIAC is its abbreviation in French) on Monday signed a memorandum of understanding (MoU) in Casablanca. The aim of the MoU is to develop aviation-related engineering in the North African country.... 

Engineered core facility project, Morocco

By: Sheila Barradas     24th June 2016 The project entails the construction of an engineered core facility at the MidParc Free Trade Zone Industrial Park, in Casablanca. 

Engineered core facility project, Morocco

By: Sheila Barradas     23rd June 2016 The project entails the construction of an engineered core facility at the MidParc Free Trade Zone Industrial Park, in Casablanca. 

While iron-ore price crawls sideways, Champion readies for Bloom Lake revival

By: Henry Lazenby     2nd June 2016 Despite the price outlook for the steelmaking ingredient iron-ore crawling sideways at best in 2016, TSX- and ASX-listed junior Champion Iron is preparing to restart its recently acquired Bloom Lake mine, near Fermont, Quebec, as soon as markets improve. Under the leadership of chairperson and... 

BASF increases its footprint in Ivory Coast

11th May 2016 BASF, the world's leading chemical company, establishes a legal entity in Ivory Coast to enable future growth opportunities. BASF is looking at Ivory Coast as the hub country for West Africa French Speaking countries and has expanded its capabilities considerably to continue innovating in this... 

Tangier–Casablanca–Marrakech railway route project, Morocco

By: Sheila Barradas     19th February 2016 The project involves the construction of a second line linking the cities of Settat and Marrakech. 

AfDB extends $112.3m loan to Morocco to extend rail network

By: Natalie Greve     29th January 2016 The African Development Bank (AfDB) has approved a $112.3-million loan to Morocco for the improvement of infrastructure on the Tangier–Casablanca–Marrakech railway route. Allocated to the Moroccan National Railways Office (ONCF), the funds would be used to develop a dual rail line between the... 

Maputo ranked African large city with highest potential for inclusive growth

By: David Oliveira     15th January 2016 Mozambique’s capital Maputo was the large African city with the highest potential for inclusive growth, according to the 2015 MasterCard African Cities Growth Index (ACGI). Casablanca, in Morocco, and Lagos, in Nigeria, ranked second and third respectively.   Now in its third year, the ACGI... 

Maputo ranked African large city with highest potential for inclusive growth

By: David Oliveira     2nd December 2015 Mozambique’s capital Maputo was the large African city with the highest potential for inclusive growth, according to the 2015 MasterCard African Cities Growth Index (ACGI). Casablanca, in Morocco, and Lagos, in Nigeria, ranked second and third respectively. Now in its third year, the ACGI mapped... 

BASF opens construction chemicals production facility in Lagos, Nigeria

16th October 2015 BASF yesterday inaugurated its new production plant for concrete admixtures in Lagos, Nigeria. The production site is BASF’s answer to the increasing demand for construction chemicals in western Africa. BASF produces standard and custom-made performance concrete additives, so-called admixtures,... 

African cities highlighted as cities of opportunity, but Joburg will fall short 

By: Natasha Odendaal     28th July 2015 The emerging social order will see Africa build its megacities; however, South Africa’s economic powerhouse, Johannesburg, would likely fall to the wayside as other emerging cities on the continent take the stage as “cities of opportunity”. Africa was poised to unlock 12 megacities and 100 new... 

Degremont

1st June 2015 Degrémont and all companies of the Group now operate under the brand SUEZ environnement and continues to expand winning six new contracts in Africa. Degrémont has strengthened its presence in Africa, winning four new water treatment plant construction and refurbishment contracts worth a total of... 

Joburg, CT most improved in global cities index

By: News24Wire      28th May 2015 Johannesburg and Cape Town are showing improvement in the spheres of political engagement and human capital respectively, according to a global report. Partner at AT Kearney Johannesburg, Wim Plaizier, told Fin24 that the growth of political engagement in Johannesburg is being driven by the... 

Sidi Bernoussi wastewater pretreatment plant commissioning in Casablanca

26th May 2015 The commissioning of the Sidi Bernoussi wastewater pretreatment plant designed and built by the group SUEZ environnement (Mandatary) and Sogea Maroc, was held on 31 March 2015. Since 20 April 2015 the facility receives 100% of the effluent intended for it. 

North African cities offer greatest opportunity – PwC

By: Natalie Greve     17th March 2015 A report by professional services firm PwC investigating Africa’s most “dynamic” and “future-focused” cities has identified North African cities Cairo, in Egypt, Tunis, in Tunisia, Algiers, in Algeria, and Casablanca, in Morocco, as well as South Africa’s Johannesburg as those offering the... 

Cliffs shares slide on prospect of $6bn Q3 asset impairment charge

By: Henry Lazenby     17th October 2014 US miner Cliffs Natural Resources on Friday reported that it expected to book a $6-billion after-tax noncash impairment on its seaborne iron-ore and coal assets in the third quarter, sending its NYSE-listed stock sliding as much as 10% during intraday trading. The Cleveland, Ohio-based company... 

BASF opens concrete admixture production facility in Nairobi, Kenya

1st September 2014 BASF yesterday inaugurated its new production plant for concrete admixtures in Nairobi. The production  site  will  allow  BASF  to  better  meet  the  increasing demand for construction chemicals of customers in Eastern Africa. There, BASF produces standard and custom-made performance admixtures... 

Cliffs to pay former CEO Halverston $11m

By: Henry Lazenby     15th August 2014 US iron-ore and coal producer Cliffs Natural Resources on Friday reported that it expected to make a payment of $11-million to its former CEO Gary Halverson in connection with the termination of his employment. Halverson was ousted as Cliffs CEO after only six months in the position, following... 

Cliffs stock rallies as initial results show Casablanca’s 6 take board control

By: Henry Lazenby     29th July 2014 The NYSE-listed stock of US coal and iron-ore producer Cliffs Natural Resources spiked just after noon on Tuesday by as much as $1.12 a share after initial results showed that shareholders had voted all six of dissident shareholder Casablanca Capital’s nominees to the board. The New York-based... 

Delta International eyes $250m acquisition pipeline in Africa

By: Natasha Odendaal     28th July 2014 Delta International has embarked on a programme that would see the recently reverse-listed property fund potentially acquire $250-million of assets across Africa. The Africa-focused group raised more than $87-million through a private placement to kick-start its growth ambitions and people were... 

Beleaguered Cliffs posts Q2 loss, beats expectations

By: Henry Lazenby     24th July 2014 US iron-ore and coal producer Cliffs Natural Resources, which is locked in a proxy fight with an activist shareholder for control of the board, on Wednesday reported a net loss for the three months ended June 30, as lower iron-ore and metallurgical steelmaking coal prices and reduced sales... 

Cliffs drops more slate nominees in attempt to retain board control

By: Henry Lazenby     18th July 2014 US iron-ore and metallurgical coal producer Cliffs Natural Resources on Friday said it had reduced its slate of board nominees to be elected at the July 29 annual meeting from nine to seven candidates, which, in its view, would allow shareholders to vote for four nominees of activist shareholder... 

Two proxy advisory firms give thumbs up to activist’s slate

By: Henry Lazenby     17th July 2014 Two independent proxy advisory firms has given New York-based Casablanca Capital their backing, recommending that Cliffs Natural Resources shareholders vote in favour of the activist shareholder’s slate of director nominees. Institutional Shareholder Services (ISS) and Glass Lewis & Co issued... 

Activist shareholder rejects Cliffs proxy settlement offer

By: Henry Lazenby     2nd July 2014 Activist shareholder Casablanca Capital on Wednesday rejected a second proposal by US iron-ore and coal producer Cliffs Natural Resources to resolve the ongoing proxy contest, saying Cliffs had not contacted it directly with the proposal. Based on conversations with a number of its shareholders,... 

Bombardier Showcases Latest Technology at Africa Rail

1st July 2014 Rail technology leader Bombardier Transportation is today participating in the Africa Rail exhibition in Johannesburg. The event will offer a showcase for the company’s latest offerings and increasing experience in the rail market across Africa. Bombardier provides the full spectrum of rail... 

Activist Casablanca threatens Cliffs with court action

By: Henry Lazenby     29th May 2014 Activist shareholder Casablanca Capital on Thursday threatened US iron-ore miner Cliffs Natural Resources with legal action over a “proxy put” that could result in cash-flow problems if the hedge fund’s slate of six board nominees were elected. On Friday, Cliffs said in a proxy filing said that... 

Cliffs Natural Resources sets shareholder meeting for July

By: Henry Lazenby     25th April 2014 US iron-ore miner Cliffs Natural Resources on Friday announced that it would hold its annual shareholders meeting on July 29. Shareholders of record as of the close of business on June 2, would be entitled to vote at the annual meeting. 

Casablanca Capital nominates 6 to Cliffs’ board

By: Henry Lazenby     10th March 2014 Activist shareholder Casablanca Capital late on Friday nominated a slate of six persons for election to the Cliffs Natural Resources board at the 2014 annual meeting scheduled for May 13. Casablanca, which owns and manages about 5.2% of Cliffs, in January launched a proxy fight, seeking to... 

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