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Africa’s metals, engineering cluster needs to do more to attract investment 

By: Marleny Arnoldi     21st September 2018 Steel and Engineering Industries Federation of Southern Africa (Seifsa) chief economist Dr Michael Ade has declared Africa’s metals and engineering sector open for business. Ade was addressing delegates on the second day of Seifsa’s fourth annual Metals and Engineering Indaba, in Johannesburg. 

High-calibre Speakers To Address Challenges Confronting The Metals And Engineering Indaba Starting Tomorrow

By: Creamer Media Reporter      19th September 2018 High-calibre speakers – including Cabinet Ministers senior business leaders and labour leaders – will address delegates attending the fourth Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre in Sandton tomorrow and on Friday. The Indaba, now in its fourth... 

Mining, construction and automotive sectors critical for M&E sector’s survival

By: Creamer Media Reporter      18th September 2018 The link between the metals and engineering (M&E) sector and the mining, construction and auto manufacturing industries will come under scrutiny at the fourth Southern African Metals and Engineering Indaba taking place at the IDC Conference Centre in Sandton on Thursday and Friday this week. “The... 

Transnet, Eskom and PWC bosses to discuss administered prices affecting South Africa’s international competitiveness

By: Creamer Media Reporter      17th September 2018 Transnet and ESKOM Chief Executive Officers Siyabonga Gama and Phakamani Hadebe will discuss administered prices such as logistics costs, electricity prices and port tariffs, which are negatively affecting South Africa’s international competitiveness on the second day of the fourth Southern... 

Perdekraal East wind farm preparing for construction activity to start

By: Simone Liedtke     17th September 2018 The Perdekraal East wind farm, which is situated within the Witzenberg local municipality, in the Western Cape, is preparing for the start of major construction activity. Once complete, the 110 MW Perdekraal wind farm, which spans 3 055 ha, will comprise 48, 115-m-high wind turbines. 

National development plan to feature prominently at the Southern African metals and engineering indaba

By: Creamer Media Reporter      3rd September 2018 Six years ago, the Government adopted the National Development Plan (NDP), a blueprint for how South Africa could eradicate poverty and reduce inequality by 2030 – with business and other stakeholders enthusiastically welcoming the initiative. While the NDP drew criticism from some labour... 

Collaboration required to improve South Africa’s sovereign credit rating

By: Maxine Arries     27th August 2018 Finance Minister Nhlanhla Nene will, on the first day of the 2018 Southern African Metals and Engineering Indaba, meet with Business Unity South Africa CEO Tanya Cohen, Federation of Unions of South Africa General Secretary Dennis George and Centre for Development and Enterprise Executive... 

Enel starts construction of its first power plant in Zambia

By: Anine Kilian     22nd August 2018 Enel Group’s global renewable energy division Enel Green Power (EGP) has started construction on the 34 MW Ngonye solar photovoltaic (PV) plant, which is the group’s first power plant in Zambia. The PV facility, which is located in Lusaka South Multi-Facility Economic Zone in the country’s south,... 

IFC, Gaia partnership working to power Africa

By: Simone Liedtke     1st August 2018 World Bank Group member, the International Finance Corporation (IFC), has forged a new partnership with Moroccan renewable energy developer Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa. Originally developed by Gaia Energy,... 

2018 Metals and Engineering Indaba to contribute in shaping policy

By: Creamer Media Reporter      26th July 2018 Delegates attending the 2018 Southern African Metals and Engineering Indaba at the IDC Conference Centre in Sandton on 20 and 21 September will have an opportunity to influence economic policies that have a direct impact on the businesses they operate. The Indaba, now in its fourth year of... 

Redstone concentrated solar thermal power plant, South Africa

By: Sheila Barradas     20th July 2018 Acwa Power has signed an investment agreement with South Africa’s Central Energy Fund regarding the project. 

Kangnas Wind Farm and Perdekraal East Wind Farm, South Africa

By: Sheila Barradas     29th June 2018 The Kangnas Wind Farm and Perdekraal East Wind Farm projects have reached financial close. 

IFC signs $34m financing agreement for Zambia solar project

By: Marleny Arnoldi     22nd June 2018 The International Finance Corporation (IFC) has signed a $34-million financing agreement with Enel, the Industrial Development Corporation of Zambia and the European Investment Bank for the construction of the 34 MW Ngonye solar plant, in Zambia.  

Raubex Renovo Brings Mall Glamour To Cameroon

11th June 2018 A modern shopping mall, complete with convention centre and cinemas, will grace Cameroon’s financial capital city of Douala by the end of 2019 – and South African turnkey specialist Raubex Renovo is making it happen. The €45 million Douala Grand Mall is part of a larger development that will... 

The fourth industrial revolution, an African perspective

8th June 2018 New and emerging technologies are fundamentally changing the world in ways that were previously unimaginable. Technology driven innovation has always caused business models to go extinct. Some companies could not evolve and went out of business while others adapted, seized opportunities and... 

Interest in IFC’s solar procurement solution growing across Africa

By: Terence Creamer     6th June 2018 The International Finance Corporation (IFC) reports that its programme to support African governments and utilities in procuring solar photovoltaic (PV) capacity from independent power producers (IPPs) has made significant headway in four countries, with construction of the first project under... 

Another two South African wind projects reach financial close

By: Terence Creamer     5th June 2018 A further two South African wind farms, with a combined investment value of R6.6-billion, have reached financial close following the signing of agreements for 27 renewable-energy projects on April 4. Global wind and solar company Mainstream Renewable Power announced on Tuesday that construction... 

Solar power plant, Mozambique

By: Sheila Barradas     1st June 2018 Scatec Solar and its partners are building the first large-scale solar plant in Mozambique. 

Porto de Sergipe I power plant, Brazil

By: Sheila Barradas     25th May 2018 The project entails the construction of the largest gas-fired power plant in Latin America.  

Growthpoint Investec African Properties commences operations

By: Anine Kilian     9th May 2018 Pan-African real estate investment business Growthpoint Investec African Properties (GIAP), a partnership between Growthpoint Properties, Investec Asset Management and the International Finance Corporation, has started operations. GIAP has secured capital commitments in excess of $212-million... 

Sanbrado gets environmental nod

By: Esmarie Iannucci     26th April 2018 The Burkina Faso Ministry of the Environment, Green Economy and Climate Change has given environmental approval to the Sanbrado gold project. Project developer West African Resources said on Thursday that the environmental approval was a key milestone towards the development of the project. 

AECOM provides social services for Malawi graphite project

11th April 2018 Integrated infrastructure delivery company AECOM produced the winning bid for social services for Sovereign Metals’ Malingunde graphite project in the Lilongwe District in Malawi. AECOM received a request for proposal from Sovereign Metals’ Environmental Assessment Practitioner (EAP), Dhamana... 

Construction set to begin on ‘flagship’ 40 MW Moz solar project

By: Terence Creamer     28th March 2018 Oslo-listed renewable-energy developer Scatec Solar, which has its African regional hub in Cape Town, South Africa, expects to begin constructing a 40 MW solar photovoltaic (PV) project in Mozambique in the coming weeks after the project reached financial close in early March. GM and VP for... 

Tè Power starts construction on $121m Guinea IPP project

By: Marleny Arnoldi     28th March 2018 Guinea-based special purpose company Tè Power Company, which is sponsored by Africa-focused energy project developer Endeavour Energy, has reached financial close and started construction on the $121-million Tè Power Plant project – a 50 MW greenfield thermal power plant in Conakry, Guinea.  

Helios scraps listing plans

By: Natasha Odendaal     23rd March 2018 Sub-Saharan Africa-focused telecommunications tower operator Helios Towers has scrapped plans for a main listing on the LSE and a secondary inward listing on the main board of the JSE after shareholders scuppered the plans. Earlier in March, the tower operator outlined its intention of listing,... 

WSP achieves EDGE Preliminary Certification for Balwin’s Polo Fields

27th February 2018 WSP in Africa, one of the largest multi-disciplinary engineering consultancies on the continent, has achieved an EDGE Preliminary Certification for the new Balwin Properties residential apartments project, The Polo Fields; setting a benchmark for sustainable residential developments of the future... 

Kibaran eager to engage Tanzania’s new Minerals Commission

By: Natasha Odendaal     23rd February 2018 ASX-listed Kibaran Resources stands ready to present its Epanko graphite project to Tanzania’s yet-to-be-established Minerals Commission to start discussions over “silent” matters and the impact on the proposed Epanko debt financing arrangements. Kibaran said it had reviewed the mining... 

Many big new copper mines likely to be needed – Anglo

By: Martin Creamer     6th February 2018 Based on two relatively moderate and reasonable growth assumptions, the world will need the equivalent of another 22 Collahuasi copper mines to meet expected copper demand by 2030, Anglo American base metals marketing head Alex Schmitt said on Tuesday. Collahuasi, which Schmitt described as the... 

PPC reschedules DRC cement plant debt

By: Megan van Wyngaardt     19th January 2018 Construction materials provider PPC has further improved its liquidity position by finalising a capital repayment moratorium with funders of the group’s Democratic Republic of Congo (DRC) operation, limiting PPC’s capital requirements to only interest payments from January this year to January... 

Africa’s industrialisation needs to be more focused, unrushed – panel

By: Natasha Odendaal     18th January 2018 While there is some momentum in industrialisation efforts across Africa, a panel of industry participants have cautioned against a knee-jerk reaction that could fragment or overwhelm capacities on the continent. Industrialisation on the continent has historically lagged that of the rest of the... 

CTRG reaches financial close with lenders

By: Creamer Media Reporter      17th January 2018 Mozambique-based Central Térmica de Ressano Garcia (CTRG), a joint venture between Sasol Energy and Electricidade de Moçambique (EDM) has reached financial close on a $189-million project finance transaction with its lenders. CTRG, in which EDM holds a 51% stake and Sasol Energy the balance,... 

Solar steam powers homes – and new jobs – in South Africa

By: Reuters     12th January 2018 South Africa may still get most of its energy from coal, but in the country’s sunny Northern Cape province, a different electricity source is taking hold: solar steam. A Spanish renewable energy company has opened three thermal solar plants – which use the sun’s heat to create electricity - in... 

Lemur appoints owner’s engineer, technical advisers for Imaloto BFS

By: Mia Breytenbach     17th November 2017 Aim-listed Bushveld Minerals’ Lemur Resources subsidiary, which is developing an integrated thermal coal mining and independent power producer asset in Madagascar, has appointed an owner’s engineer and technical advisers for  the bankable feasibility study (BFS) for the Imaloto power project.... 

Reforms, business models key to unlocking private sector investment for climate change – IFC

By: Natasha Odendaal     2nd November 2017 Smart policy reforms and innovative business models can unlock the trillions of dollars in private investment that is needed to ensure Africa meets its climate targets as agreed to in the landmark Paris Agreement. The private sector, boasting innovation, the financing and resources, is considered... 

Loeriesfontein Wind Farm connected to grid

27th October 2017 Loeriesfontein Wind Farm as well as Khobab Wind Farm, both located in the Northern Cape, are now connected to State-owned power utility Eskom’s grid, through Eskom’s Helios substation and the commissioning of wind turbines has started. “We energised the wind farm substations with Eskom... 

IFC backs BMW’s R6bn Rosslyn investment

By: Irma Venter     6th October 2017 The International Finance Corporation (IFC), a member of the World Bank, will assist in financing BMW Group South Africa’s (BMW SA’s) R6-billion investment in its Rosslyn plant, set to produce the new BMW X3. The $150 million loan comes as South Africa “seeks new sources of economic growth after... 

Kibaran finds eco-friendly process at Epanko

By: Esmarie Iannucci     26th September 2017 Graphite developer Kibaran Resources has produced battery-grade graphite at its Epanko project, in Tanzania, using a graphite purification method that is considered environmentally friendly. The ASX-listed company told shareholders this week that the new process used simple acids that were... 

Giant miner vies with Google, GE, for hires amid automation push

By: Bloomberg     22nd September 2017 Rio Tinto, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers. The London-based company is stepping up efforts to lure engineers and... 

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