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Improved African policy can harness industrial development – UN

By: African News Agency      20th October 2017 The right African policy framework, including industrial policies that will generate the skilled jobs and productivity gains needed for the structural transformation of economies, could harness the continent’s rapid urban transition to drive industrial development, the UN said. “African... 

Engie targets Africa with home solar acquisition

By: Reuters     20th October 2017 French gas utility Engie has bought a Ugandan home solar systems company to expand in sub-Saharan Africa by providing power to millions of people who have no access to electricity. Engie said on Thursday that it had acquired Fenix International, which sells home solar kits financed through tiny... 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

Altus secures new exploration licence in Ethiopia

By: Creamer Media Reporter      18th October 2017 Aim-listed Altus Strategies has been granted an exploration licence for the Daro copper/gold project, in northern Ethiopia. The licence covers an area of about 412 km2 and is valid for three years. 

Sub-Saharan Africa economic growth to pick up next year

By: Reuters     13th October 2017 Nigeria and South Africa are expected to lift sub-Saharan regional growth next year, a Reuters poll showed, once their central banks cut rates to boost Africa's largest - but sickly - economies. The two economies contribute more than half of sub-Saharan Africa's gross domestic product and the... 

AB InBev completes $3.15bn Coca-Cola Beverages Africa transition

By: African News Agency      5th October 2017 The world’s largest brewer, Anheuser-Busch InBev (AB InBev) on Thursday announced that it has completed the transition of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion after customary adjustments. This comes after AB InBev last year acquired SABMiller for... 

Hyatt to double its Africa presence, open six hotels by 2020

By: Reuters     3rd October 2017 Hyatt Hotels & Resorts will open six new hotels in Africa by 2020, the company said in a news release on Tuesday, underscoring the growth of business and international travel on the continent. The company will open its first hotels in Algeria, Cameroon, Ethiopia, and Senegal and open new hotels... 

Legal framework offers model for enhancing transboundary infrastructure investment

By: Mia Breytenbach     22nd September 2017 The United Nations Economic Commission for Africa (Uneca) has unveiled the Model Law that provides a framework for the harmonisation of cross-border rules, regulations, laws and policies governing transboundary infrastructure projects in Africa. The Model Law was unveiled at the yearly Nigerian... 

Premier sells forestry interests to focus on lithium, tungsten assets

By: Creamer Media Reporter      20th September 2017 Multicommodity mining and natural resources development company Premier African Minerals will sell its 52% interest in TCT Industrias Florestais (TCT IF), which principally owns a limestone deposit and forestry interests, in Mozambique, to Amire Glory. Aim-listed Premier will retain a 50%... 

South Africa leads AU trade ministers in discussions on WTO issues

By: African News Agency      19th September 2017 South Africa’s Minister of Trade and Industry Dr Rob Davies and Deputy Minister Bulelani Magwanishe have returned from Ethiopia where they attended the Informal Meeting of African Union Ministers of Trade on World Trade Organisation (WTO). The meeting took place at the African Union Headquarters... 

Ethiopia mulls new potash partner as failed deal is arbitrated

By: Bloomberg     14th September 2017 Ethiopia is considering finding a new partner to develop a potash mine abandoned last year by Israel Chemicals, which has sought compensation at an arbitration court after accusing the government of failing to support the project. Several companies are interested in developing potash deposits in... 

Construction begins on $700m airport project in eastern Rwanda

By: John Muchira     8th September 2017 Construction has started on a $700-million airport project in eastern Rwanda, which the country's government says will be a major boost to efforts to integrate the East African Community and boost intra-Africa trade. "Bugesera International Airport is [also] an important part of Rwanda's strategy... 

Volvo Car SA expecting big change in EV perceptions in coming years

By: Irma Venter     8th September 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... 

Africa’s transport leaders drive free trade agenda

     6th September 2017 National development across Africa continues to support the commitment undertaken by the 54 members of the African Union in Addis Ababa, Ethiopia in November 2016 to create a continent-wide free trade area.  At the helm of this initiative is Africa’s transport sector, taking continuous strides to... 

Transparency, human survival highlighted in panel discussion on business and SDGs at Responsible Business Forum

By: Sane Dhlamini     1st September 2017 The second day of the Responsible Business Forum kicked off in Johannesburg on Friday with a focus on business’s role in the realisation of the 17 sustainable development goals (SDGs) of the 2030 Agenda for Sustainable Development, which was adopted by world leaders in September 2015. The event... 

SEW-EURODRIVE builds on its East African presence with new offices in Tanzania, Kenya

     30th August 2017 SEW-EURODRIVE is building on its presence in Tanzania, its main hub in Eastern Africa, by opening a new office in Kenya, and commencing with a recruitment drive for Burundi and the Democratic Republic of Congo (DRC). East Africa represents a major growth area for the drive and automation... 

Preliminary field work to start at Tulu Kapi in Sept

By: Creamer Media Reporter      29th August 2017 Selected preliminary field work at gold exploration and development company Kefi Minerals’ Tulu Kapi mine, in Ethiopia, will start as soon as the wet season ends in September. The preliminary field work will include geotechnical drilling of the planned sites for the plant and dams. 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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