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Petroleum conference renewed for a third year

By: Paige Müller     15th June 2018 The West African International Petroleum Exhibition and Conference (Waipec) will be renewed for a third consecutive year, following an overwhelmingly successful reception from regional and international participants at this year’s second annual conference in Lagos, Nigeria.   Petroleum Technology... 

Industry pursuing better management of energy use

By: Jessica Oosthuizen     8th June 2018 There has been a growing trend among South African manufacturing plants to pursue energy reduction and manage its use better, says energy training services provider the Energy Training Foundation (EnTF) training manager Yolanda de Lange. She explains that significant hikes in electricity rates... 

Companies urged to accelerate carbon cuts

By: Kim Cloete     8th June 2018 South Africa needs to speed up its efforts to cut carbon emissions in tune with a more sustainable future, say analysts. Joanne Henstock, Africa Executive Director for Governance, Integrated Reporting and Sustainability at EY, says South Africa faces significant challenges in achieving its... 

Infrastructure development key to meeting consumer demand in megacities – economist

By: Marleny Arnoldi     31st May 2018 There are rapidly growing megacities, including Accra, Cairo, Lagos, Johannesburg, Nairobi and Kinshasa, in Africa, and it is important to ensure infrastructure development grows at a pace that will meet the increasing consumer demand that will come out of these megacities, said Imara Africa... 

Summit discusses built environment trends, considerations for thriving Africa development

By: Marleny Arnoldi     31st May 2018 It has been a tumultuous period for the African continent, as since 2014 there have been many pressures affecting the macroeconomic environment – commodity prices took a significant knock, some economies dipped into a recession and the pressure was on from a number of credit ratings agencies.  

Nampak H1 profit up 10% y/y

By: Anine Kilian     30th May 2018 JSE-listed Nampak’s headline earnings and headline earnings a share for continuing operations increased by 11% and 10% to R849-million and 132c, respectively, for the six months ended March 31. Presenting the company’s results, on Thursday, CEO André de Ruyter said the performance from continuing... 

ExecuJet Nigeria bolsters services for West Africa with Izy Air alliance

By: Simone Liedtke     29th May 2018 International business aviation company ExecuJet, which is part of the Luxaviation Group, on Tuesday announced a strategic alliance for maintenance services between its Lagos-based maintenance, repair and overhaul (MRO) facility and Nigeria-based Izy Air. This forms part of ExecuJet’s ongoing... 

Nigeria awards $7bn rail project to Chinese state rail firm – Xinhua

By: Reuters     16th May 2018 Nigeria has awarded a $6.68-billion contract to the China Civil Engineering Construction Corporation (CCECC) for work on a major segment of a railway linking the country's commercial hub Lagos, in the southwest, and Kano in the north, Xinhua reported. "The signing of the ... segment contract... 

New heavy-duty jib put to the test

20th April 2018 Heavy lifting solutions provider Ale has used its heavy duty jib with the the AL.SK350 crane while performing its inaugural lift, weighing 1 276 t, of a floating production storage and offloading (FPSO) module integration project in Nigeria. The world’s largest capacity land based crane, the... 

MTN expects IPO of Nigerian business this year

By: Reuters     10th April 2018 South Africa's MTN aims to list its Nigerian unit in an initial public offering this year, subject to market conditions, group chief executive Rob Shuter told Reuters on Tuesday. Shuter said plans were well advanced and the company would provide exact terms of the IPO in the next few months. 

Impairments push Lafarge Africa to 2017 loss, shares fall

By: Reuters     9th April 2018 Lafarge Africa has taken a one-off impairment in Nigeria and South Africa totalling around 33-billion naira ($105-million), widening its loss before tax for 2017 from a year earlier and sending its shares tumbling. Bruno Bayet, CFO, told Reuters the impairments accounted for bulk of the loss,... 

Oando commissions new office building in Lagos

By: Anine Kilian     5th April 2018 Dual-listed Oando has officially commissioned its new office building, the Wings Office Complex, in Lagos, Nigeria. The complex, which was commissioned by State and Petroleum Minister Ibe Kachickwu,  comprises two 12-storey towers with 27 000 m2 of lettable office space, a three-level car park,... 

ExecuJet base in Lagos granted free trade zone status

By: Rebecca Campbell     26th March 2018 Aviation company ExecuJet announced on Monday that its maintenance, repair and overhaul (MRO) facility in Lagos, Nigeria, had been designated a free trade zone (FTZ) by the Nigerian authorities. As a result, parts and services supplied by ExecuJet to its customers in Nigeria’s commercial capital... 

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... 

Transport company awarded contract for Africa’s largest oil refinery

9th March 2018 Transportation service provider Mammoet has been contracted to provide heavy lifting and transport solutions for a new multibillion-dollar oil refinery in Nigeria. In January, Mammoet and Nigerian multinational industrial conglomerate Dangote Group signed the contract for the project during... 

World-class events benefit the township economy

By: Sydney Majoko     26th January 2018 Most South African townships are built along similar physical lines. They consist of a lot of bland structures that provide for the basic need of accommodation but nothing more. Sure, some people have displayed the need to be different and embarked on changing their dwellings. But in terms of... 

Investments accumulated to catalyse off-grid energy development

By: Dylan Slater     26th January 2018 Multilateral development bank African Development Bank’s (AfDB’s) board approved a $30-million investment in the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF) last month.  

Nigeria's Oando and key shareholder settle long-running dispute

By: Reuters     23rd January 2018 Nigerian oil company Oando said on Monday it had settled a squabble with a key shareholder and was working on resolving remaining shareholder disputes and getting a suspension of its shares lifted. The company said it has addressed issues raised by Dahiru Mangal, ending a drawn-out conflict, and... 

Nigerian’s Dangote Cement partners with online shopping giant Jumia

By: African News Agency      5th December 2017 Nigerian based Dangote Cement has signed a deal with the e-commerce platform Jumia Nigeria to sell its cement to online. According to the group, the move was designed to reduce price and ease logistics inherent in the purchase of its products. 

Urban solutions to Africa’s problems

3rd November 2017 ‘Better city, better life’ is the United Nations' (UN's) World Cities Day, which falls on October 31 each year. This year’s theme, ‘innovative governance, open cities’, referenced the idea that urbanisation has immense potential to improve people’s lives. Given the UN’s focus on using the... 

Nigeria seeks to boost mining reserves to lure investors

By: Bloomberg     20th October 2017 Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are starting from a low base, we want to have a portfolio of... 

Call for collaborative action to support sustainable tourism

By: Dylan Slater     20th October 2017 In recognition of Africa’s tourism and travel industry’s ability to serve as an engine of progress for socioeconomic transformation, the African Development Bank (AfDB) calls for collaborative actions from all stakeholders for the development of sustainable tourism in Africa.  

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... 

Eaton aiming to grow share in African utility market

By: Schalk Burger     6th October 2017 Electrical components and systems company Eaton aims to grow in the utility, commercial buildings and mining sectors in Africa by replicating the success of its power quality business, says Eaton Africa Sales Director Malvin Naicker. Eaton is focused on providing high-quality technical support... 

Hyprop lifts distributions in FY17

By: Natasha Odendaal     1st September 2017 JSE-listed Hyprop on Friday posted a 12.1% hike in dividend to 695.1c a share for the financial year ended June 30. The real estate investment trust reported that distributable earnings benefited from the inclusion of R101.8-million in income from the investments in South-Eastern Europe, up from... 

Infrastructure Africa encourages African unity through regional projects

14th August 2017 Intra-African trade sits at around 11% and if Africa could boost its regional integration levels, it would boost its economic growth plans. There is power in numbers and collaboration on infrastructure projects between African nations would be to the benefit of Africa as a whole, whilst also... 

Gauteng should spearhead economic growth in South Africa, says Makhura

By: Anine Kilian     28th July 2017 Gauteng needs to take a lead in turning South Africa’s economic situation, according to Gauteng Premier David Makhura, who avers that, “if Gauteng works better, 35% of South Africa’s economy will work better”. Addressing delegates at the Gauteng Infrastructure Investment Summit, in Midrand, the... 

Decentralise, find optimal mix

14th July 2017 Decentralisation of generation and determining the optimal energy mix for available resources and needs are crucial for addressing Africa’s energy challenges, say industry experts on the advisory board of the upcoming POWER-GEN & DistribuTECH Africa conference and exhibition in Johannesburg. 

Transnet insists bond appetite remains as it again lowers capex forecast 

By: Terence Creamer     3rd July 2017 State-owned logistics group Transnet has sought to refute reports that demand for its bonds had collapsed following the recent downgrades to South Africa’s credit rating, insisting that appetite for its bonds remains strong both domestically and internationally. CFO Garry Pita said the reports... 

Strong South African air traffic growth forecast

By: Keith Campbell     30th June 2017 The International Air Transport Association (IATA) has forecast that the number of air passenger journeys to, from and within South Africa will more than double from the 23.6-million last year to more than 54-million by 2036. This will be the result of an average annual growth rate in the... 

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... 

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... 

Global business aviation group offering drone services in Africa

By: Keith Campbell     14th June 2017 Worldwide business aviation company ExecuJet announced on Tuesday that it has added unmanned air vehicle (UAV) services to its activities at its African bases (Johannesburg, Cape Town and Lagos). The company will, however, be able to deploy UAVs to any place in the continent, to meet customers’... 

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... 

Business aviation company reports strong first quarter growth at its African bases

By: Keith Campbell     3rd May 2017 Business aviation company ExecuJet reported on Wednesday that its African operations had enjoyed significant growth in activity during the first quarter of this year. The company, which is part of the Luxaviation Group, has Fixed-base operations (FBOs) at Lanseria International Airport (northwest... 

Nigerian minister asks builders to construct better after spate of collapsing buildings

By: African News Agency      24th April 2017 Nigeria is concerned after a spate of collapsing buildings, which a government minister blamed on a lack of commitment to quality by some builders. In 2014, some 84 South Africans were killed during one of these collapses, at a church in Lagos run by prominent pastor TB Joshua. The pastor denied... 

RenewSys is part of the 55 year old , R 3.75 Bn “Enpee Group” .

28th March 2017 The core competency of the Company lies in manufacturing. Headquartered at Mumbai , Renewsys has a global presence with offices at Dubai, Johannesburg , Durban , Lagos , London , Mauritius & Singapore and representative offices in the USA and several countries in Europe. RenewSys is one of the... 

Solar energy may get boost from Africa’s biggest oil exporter 

By: Bloomberg     24th March 2017 Nigeria, Africa’s biggest oil exporter, may be about to turn sunward to generate more of its power. Senators in the capital of Abuja are debating an allocation of $30-million to solar projects in this year’s Budget, according to the Renewable Energy Association of Nigeria (REAN). They are... 

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