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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... 

Crystal Events Africa

     18th August 2017 Crystal Events Africa, formerly Crystal Events & Incentives, is a leading conference, incentive travel and corporate meeting organiser in South Africa. Its recent expansion into Africa has increased its business capacity to successfully drive intercontinental business through in-bound incentive... 

The real conflict is between truth and lies

By: Riaan de Lange     18th August 2017 The Real Conflict is between Truth and Lies It is 21 hours since the unthinkable has happened, an event which has divided, and is expected to continue to divide, the athletics world for the foreseeable future. It will take the athletics world a considerable time to recover from the effects of the... 

Central banks vital for Africa’s integration, says Zuma

By: African News Agency      15th August 2017 President Jacob Zuma has encouraged African central bank governors gathered in Pretoria for the 2017 Governors’ Symposium of the Association of African Central Banks (AACB) to explore ways to improve economic integration, including linking payment systems, across borders on the continent.... 

Residual financing needed for Tulu Kapi narrows further to $24m

By: Creamer Media Reporter      10th August 2017 The residual funding needed to complete the development of Aim-listed Kefi Minerals’ Tulu Kapi gold mine, in Ethiopia, has narrowed further to $24-million, from the $32-million still required as at July 17. Kefi last month announced that it had signed the terms for $135-million in funding with... 

Volvo Car SA ready for hybrid, electric vehicle rollout post-2019, says MD

By: Irma Venter     10th August 2017 Volvo Car South Africa (VCSA) MD Greg Maruszewski is confident the local arm of the Swedish group will be able to thrive under its parent company’s new powertrain policy. Volvo announced last month that all new cars launched globally from 2019 onwards will be partially or completely... 

British mineral explorer in Africa lists in London

By: Reuters     10th August 2017 A British explorer for mineral resources in Africa will on Thursday become the first venture of its kind to be listed on London's Aim market for growing companies, its CEO said. Following the recovery of the mining sector from a commodity price crash in 2015/16, a handful of new companies have... 

Manufacturing key to Africa’s economic transformation

By: Anine Kilian     31st July 2017 Manufacturing will drive Africa’s transformation, African Export-Import Bank intra-African finance trade manager Gerald Nsomba said on Monday. Addressing delegates from across the Southern African Development Community (SADC) at the SADC Industrialisation Week, in Johannesburg, he pointed out... 

Premier African Minerals secures new funding

By: Natasha Odendaal     31st July 2017 Aim-listed Premier African Minerals on Monday announced a series of funding agreements that will allow the multicommodity mining and natural resources development company to increase its stake in Ethiopia-based Circum Minerals and fast-track exploration efforts at its wholly-owned Zulu lithium... 

The mountains are high and the emperor is far away

     24th July 2017 In a time before emails, global social media and instant communication, local officials in the vast Chinese empire, could easily disregard the policies and wishes of the capital on the basis that “the mountains are high and the emperor is far away”. One could scarcely think that such an insular... 

May unveils British initiatives aimed at reducing Africa’s reliance on aid

By: Keith Campbell     21st July 2017 British Prime Minister Theresa May used the recent G20 Summit in Hamburg, Germany, to announce a series of new British initiatives intended to reduce the reliance of African countries on aid and increase their long-term stability and prosperity. This was in line with a theme for the summit... 

SAP Skills for Africa launches first East African chapter with participation from Kenya, Rwanda, Uganda, Ethiopia

     19th July 2017 First true East African class as group includes graduates from Uganda and Ethiopia. All 55 graduates will be placed at partner and customer organisations who have already committed to graduate intake. SAP Skills for Africa today launched its first-ever East African programme at an event held in... 

Sub-Saharan Africa mobile users to exceed 500m by 2020

By: Anine Kilian     12th July 2017 More than 500-million people across sub-Saharan Africa will be subscribed to a mobile service by the end of the decade, a new report shows. The report ‘The Mobile Economy: Sub-Saharan Africa 2017’, which was published by GSMA on Wednesday, forecasts that the number of unique mobile subscribers in... 

Dotafrica (.Africa) Roadshow Launches At The African Union Headquarters

     10th July 2017 The roadshow to officially launch the new .africa (dotAfrica) geographic Top Level Domain (gTLD) kicked off at the 29th African Union (AU) Summit held at the AU Headquarters in Addis Ababa, Ethiopia this week. During the Assembly of the Heads of State and Government of the AU, the Chairperson of... 

Britain to keep preferential access for poor countries, post-Brexit

By: Keith Campbell     7th July 2017 The British Government has publicly committed itself to maintaining duty-free access to British markets for the world’s least-developed countries (LDCs, as defined by the United Nations) following the UK’s departure from the European Union (EU). London further expressed a desire to increase trade... 

Kenya set to build three industrial megaparks

By: John Muchira     7th July 2017 Kenya has embarked on the construction of three industrial megaparks in an effort to attract investors and spur growth in the struggling manufacturing sector. The East African nation, which has lost its manufacturing competitive edge to Ethiopia, plans to build the megaparks as part of the Kenya... 

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Premier African Minerals says trading to resume soon

By: Anine Kilian     3rd July 2017 Trading in Aim-listed multicommodity miner Premier African Minerals’ shares, which has been temporarily suspended, will resume presently. The group’s trading was suspended under Aim rules after it failed to post its 2016 results within six months of the end of the reporting period. In a statement... 

Company leads by example in new green premises

By: Robyn Wilkinson     30th June 2017 Engineering consultant WSP Africa will be moving into its new head office in Knightsbridge office park in Bryanston, in September, providing its clients with a stellar example of a sustainable building project.  

Competition winner gets ‘life-changing’ trip to SAPICS 2017

     27th June 2017 Winning a trip to the continent’s leading supply chain management event, SAPICS 2017, in Cape Town this month was a lucky break that will put Zimbabwean Elvis Mushayavanhu on a new career path.   The competition – run by SAPICS and SA Tourism – attracted entries from Kenya, Zimbabwe, Lesotho,... 

Fashion holds significant opportunity for Africa’s small businesses

By: Natasha Odendaal     26th June 2017 Leveraging Africa’s textiles and clothing industry, interspersed with the fashion industry, the African Development Bank’s (AfDB’s) new Fashionomics platform has the potential to create more jobs, stimulate the development of small businesses and generate millions in economic contributions over... 

Africa's richest man may quit Ethiopia over mining dispute

By: Bloomberg     23rd June 2017 Dangote Cement, controlled by Africa’s richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don’t reverse an order to cement makers to hand over control of some parts of their businesses to local young people. Oromia state’s East... 

Djibouti commissions $590m multipurpose port

By: John Muchira     23rd June 2017 Djibouti has commissioned its $590 state-of-the-art Doraleh multipurpose port, at a time when fellow East African nations Kenya and Tanzania are investing heavily in port expansion in a bid to become the region's shipping hub. The new port, which occupies a 690 ha site, comprises 15 berths that... 

$126m loan approved for 75 MW geothermal project in Ethiopia

By: John Muchira     9th June 2017 Ethiopia will soon start building a 75 MW geothermal electricity project, the first of its kind in the Horn of Africa country, which is believed to have massive geothermal potential. This follows the approval of a $126-million loan from the World Bank to implement the project, located at Aluto... 

PPC points to projects progress as profits plummet

By: Megan van Wyngaardt     7th June 2017 South African cement producer PPC on Wednesday reported a 13% decrease in its earnings before interest, taxes, depreciation and amortisation (Ebitda), to R2.1-billion, paired with a 93% plummet in its headline earnings a share, to 7c apiece for the year ended March 31. The JSE-listed company... 

Earth observation satellites starting to bring benefits to mining sector

By: Keith Campbell     2nd June 2017 At last month’s International Symposium on Remote Sensing of the Environment, held at the Council for Scientific and Industrial Research (CSIR), in Pretoria, one of the very many topics addressed was the use of remote sensing, particularly from earth observation (EO) satellites, to support the... 

Free State hydropower plant receives international acclaim

By: Dylan Slater     26th May 2017 The 2017 Monsonyi Award for Excellence in Hydropower was recently presented by the International Hydropower Association (IHA) to local greenfield independent power plants developer Renewable Energy Holdings (REH) for its contribution to the hydropower sector during the World Hydropower Congress,... 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

Sub-Saharan Africa middle class represents R1.3tr a month market

By: Megan van Wyngaardt     19th May 2017 A University of Cape Town (UCT) Unilever Institute of Strategic Marketing initiative, the African Lions research project, has established that the sub-Saharan African middle class, comprising around 100-million people, represents a R1.3-trillion a month market and is growing. Carried out... 

Combining satellite and terrestrial connectivity can help fast-track Africa’s digitalisation

By: Schalk Burger     19th May 2017 Satellite connectivity has a role to play as part of hybrid infrastructure systems for Africa and can help companies digitally transform themselves and improve the competitiveness of economies, says satellite communications solutions company SES Africa commercial head Laurent Petit. African... 

Homo naledi coexisted with Homo sapiens, new research asserts

By: Schalk Burger     19th May 2017 The Homo naledi hominin species, first described in 2015, has been found to have coexisted in sub-equatorial Africa with other hominin species and was likely present in the same general region as the Homo sapiens species – the direct ancestors of modern humans – scientists say. The age of the... 

Building African brands a feature of African Utility Week

By: Kim Cloete     17th May 2017 Africans need to be proud of their brands and local companies and do everything they can to boost the image and reputation of these brands, says Brand Leadership Group founder and chairperson Thebe Ikalafeng. “The top brands that Africans admire are all foreign. How are we going to transform the... 

Absence of Eskom CEO rattles opening of African Utility Week 

By: Kim Cloete     16th May 2017 Despite great anticipation ahead of his address, reinstated Eskom CEO Brian Molefe did not open the annual African Utility Week, in Cape Town, as planned. The CEO was scheduled to be the keynote speaker at the opening plenary, attended by several thousand energy and water experts, but pulled out... 

Altus exploration company aims to buck trend with London listing

By: Reuters     15th May 2017 A British firm hunting for mineral resources in Africa is hoping to be the first venture of its kind to float on the London Stock Exchange since a deep commodity price crash wiped out the appetite for exploration risk. Even after the sector recovered in 2016, new mining listings have been sparse... 

Gemfields achieves ‘mixed’ results in Q3; withdraws from Colombia, Sri Lanka operations

By: Anine Kilian     12th May 2017 Aim-listed Gemfields’ 75%-owned Kagem mine in Zambia produced 4.5-million carats of emerald and beryl during the quarter ended March 31. This was three-million carats less than the same period last year, with Gemfields attributing the lower output to inclement weather during the period. It is... 

Ethiopia says it will continue to support cement investments

By: John Muchira     12th May 2017 Ethiopia will continue to offer investors in the cement industry attractive incentives as it seeks to dominate the cement trade in the wider East Africa region. Cement production in the Horn of Africa nation has increased tenfold during the past decade, owing to the entry of new investors... 

Mombasa-to-Nairobi rail line set for commissioning

By: John Muchira     12th May 2017 Kenya is gearing up for a new era in railway transport with the impending commissioning of a standard-gauge railway (SGR) system on June 1. The East African nation has depended on a dilapidated metre-gauge railway line for more than a century, but that is about to change, following the completion... 

Homo naledi coexisted with other hominins and Homo sapiens

By: Schalk Burger     9th May 2017 The Homo naledi hominin species, first described in 2015, has been found to have coexisted in sub-equatorial Africa with other hominin species and was likely present in the same general region as the Homo sapiens species – the direct ancestors of modern humans – scientists revealed on Tuesday. A... 

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