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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... 

Cement plant maintenance crucial

By: Jessica Oosthuizen     11th May 2018 Strategic and effective cement plant maintenance services can increase plant productivity and reduce costs, says furnace and industrial services company The Dickinson Group sales manager Brighton Mapiku. “By doing thorough cement plant maintenance, which includes proper planning, employing... 

Egypt signs MoU with China's GCL for $2bn solar panel factory

By: Reuters     10th May 2018 China's GCL Group has signed a memorandum of understanding (MoU) with Egypt's ministry of military production to build a solar panel facility at a cost of up to $2-billion, State-run newspaper Al-Ahram reported on Thursday. Under the MoU, which was signed on Wednesday, the facility will... 

Economic mobility in developing countries has stalled for the last 30 years – World Bank

By: Anine Kilian     9th May 2018 Economic mobility has been impeded in developing countries over the last 30 years, says the World Bank in its ‘Fair Progress? Economic Mobility across Generations Around the World’ report, released on Wednesday. The report, which tracks economic mobility between parents and their children through... 

Africa is opportune for energy, smart solutions development – Schneider Electric

By: Marleny Arnoldi     8th May 2018 Automation and energy management multinational Schneider Electric on Tuesday revealed its strategy for the African continent and how it relates to creating smart cities – taking cognisance of challenges and opportunities.  

Economist predicts growth for African countries

By: Marleny Arnoldi     4th May 2018 The tide has turned for many African countries in terms of growth, says Citibank Africa economist David Cowan.  

Centamin reports higher Q1 earnings, strong production

By: Marleny Arnoldi     3rd May 2018 Gold miner Centamin’s first-quarter results have provided a “solid” foundation to build upon throughout this year, says CEO Andrew Pardey.  

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... 

Global crude steel production up 4% y/y in March

By: Marleny Arnoldi     25th April 2018 World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.33-million tonnes in March – a 4% increase compared with production for March 2017.  

Global wind body sees South African market returning to ‘full health’ in 2018

By: Terence Creamer     25th April 2018 The Global Wind Energy Council (GWEC) expects the South African wind market to return to “full health” in the coming year, following more than two years of uncertainty. The council’s latest Global Wind Report, which deals with market developments for 2017, notes that the South African renewable... 

Egypt aims for $10bn foreign investment in oil, gas in 2018/19

By: Reuters     23rd April 2018 Egypt aims for foreign investment in the oil and gas sector to reach about $10-billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla said on Sunday. Molla said he expected foreign investments to total the same amount for the current fiscal year, marking a 25%... 

Competition Commission wins international award

By: Marleny Arnoldi     19th April 2018 The Competition Commission has won the Agency of the Year in Asia-Pacific, Middle East and Africa award at the eighth annual Global Competition Review (GCR) Awards held in Washington DC, in the US.  

Centamin boasts solid start to the year with 14% y/y increase in Q1 output

By: Simone Liedtke     9th April 2018 Gold mining company Centamin boasted a solid start to this year, with a 14% year-on-year increase in gold production, to 124 296 oz, at its flagship Sukari mine, in Egypt. Production for the quarter was, however, lower than planned owing to the transitional zone of the openpit delivering... 

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... 

Free trade deal is much ado about nothing

By: Riaan de Lange     6th April 2018 It is the eightieth day of the year as I sit down to write this piece – the first full day of the sign of Aries. In case you are wondering, there are 285 days until the end of the year, and, in another 65 days, it will be Tax Freedom Day. It means that you will need to work up to May 25 to pay... 

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... 

WSP finalising port projects in Africa

By: Jessica Oosthuizen     30th March 2018 Multidisciplinary engineering consultancy WSP Africa is involved in several port-related projects across Africa, some of which will be finalised this month, says WSP Africa maritime director Andre van Tonder. WSP is undertaking the yearly National Port Plan review for State-owned freight utility... 

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. 

Global crude steel production increases 3.5% y/y in February

By: Simone Liedtke     26th March 2018 Global crude steel production increased by 3.5% year-on-year to 131.8-million tonnes in February, the World Steel Association (worldsteel) reported on Monday. Africa’s crude steel production increased by 4% year-on-year to 1.1-million tonnes, mainly as a result of a 7.6% year-on-year increase in... 

Remembering Julius Nyerere

By: Martin Zhuwakinyu     23rd March 2018 It took the threat of impeachment proceedings by his own party to get Jacob Zuma, decidedly the most inept – and venal – President South Africa has ever had, to vacate the Union Buildings on Valentine’s Day. Just under three months earlier, the ruling Zanu-PF party in neighbouring Zimbabwe had... 

PEWA to set stage for African energy investment once again

By: Marleny Arnoldi     16th March 2018 With 600-million people in Africa not having access to electricity, the onus is on Power & Electricity World Africa (PEWA) to provide the platform that will encourage investment in infrastructure and grid connection across Africa.  

Joint SA-UK research programmes going well

By: Rebecca Campbell     16th March 2018 South Africa is one of the most successful partner countries for the UK in terms of scientific research and technological development. “The scale of [research and development (R&D)] institutional links and Governmental links are enormous,” highlights British High Commission (Pretoria) UK Regional... 

Aerosud Aviation warns of tough times for the South African aerospace industry

By: Rebecca Campbell     16th March 2018 South Africa’s largest private-sector commercial aviation aerostructures manufacturing company, Aerosud Aviation (a wholly-owned subsidiary of Aerosud Holdings), warns that the local aerospace industry is going through tough times and is not receiving the kind of support that competitors in other... 

Africa’s downstream oil industry holds promise

By: Kim Cloete     14th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

Exciting prospects for national space agency

By: Rebecca Campbell     12th March 2018 The South African National Space Agency (Sansa) has a number of exciting opportunities for the next few years, CEO Dr Val Munsami told Engineering News Online on Monday. These include collaborations with other countries in Africa as well as with major global space agencies. Some of the proposed... 

Columbus aims to export competitively, while growing local market consumption

By: Simone Liedtke     6th March 2018 Columbus Stainless is positioned well to export competitively to the international market, while remaining committed to growing domestic demand for stainless steel. With market consumption of about 120 000 t/y of flat production, CEO Lucien Matthews says South Africa is the largest consumer of... 

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,... 

LafargeHolcim CEO launches overhaul, takes big Q4 charge

By: Reuters     2nd March 2018 LafargeHolcim aims to grow faster than the overall market and cut costs under a five-year plan set out by the new chief executive of the world's biggest cement maker on Friday. The strategy was launched as LafargeHolcim reported a 3.1-billion Swiss franc ($3.3-billion) net loss during its fourth... 

South Sudan accuses oil group of pollution, threatens shutdown

By: Reuters     1st March 2018 South Sudanese lawmakers have accused the consortium running the country's last working oilfields of dumping expired chemicals in the bush, and have threatened to shut down production unless it stops. Members of parliament's energy committee told the assembly they had seen containers holding old... 

Benban solar photovoltaic power plants, Egypt

By: Sheila Barradas     23rd February 2018 Acwa Power has reached financial close on three solar PV projects under Round 2 of Egypt’s feed-in-triff programme II. 

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

Isuzu launches standalone South African business, new mu-X utility vehicle

By: Megan van Wyngaardt     16th February 2018 Isuzu Motors South Africa (IMSA) on Friday not only launched its standalone business at its manufacturing plant in Struandale, Port Elizabeth – apart from the General Motors brand, following the latter’s exit from South Africa last year –  but also showcased its new bakkie-derived sports utility... 

Infrastructure financing à la Ethiopia

By: Martin Zhuwakinyu     16th February 2018 Media reportage on Egypt and Ethiopia during the past few years has emphasised the simmering tension between the two countries. The bone of contention is the Grand Ethiopia Renaissance Dam (GERD), which the Horn of Africa is building on the headwaters of the Blue Nile, one of the two major... 

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... 

Barminco makes strong turnaround

By: Megan van Wyngaardt     2nd February 2018 Underground hard-rock mining contractor Barminco on Friday reported earnings before interest, taxes, depreciation, and amortisation (Ebitda) of $75.6-million for the half year ended December 31, 2017, up 12.2% from the prior year. Barminco CFO Peter Bryant said the result was a significant... 

The growing importance of Gas in the Africa Mix, latest market trends

1st February 2018 The 3rd Africa Gas Forum will be taking place on Monday, 19th February 2018 at the Sandton Convention Centre, Johannesburg, South Africa, and is affiliated to African Energy Indaba (AEI) as an official side event. With African economic growth in 2018 making a recovery after a difficult year,... 

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... 

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