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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... 

KPMG to take the lead with industry solutions at African Utility Week

     15th March 2017 Generating value and creating agility in the evolving business landscape of power and utilities With the firm’s goal to focus on ‘future proofing’ in an effort to prepare for both foreseeable and  unforeseeable forces that are fundamentally changing the power and utilities industry, KPMG has... 

Dangote Group planning $100m vehicle assembly plant for Lagos

By: Irma Venter     24th February 2017 The Dangote Group plans to establish a $100-million vehicle assembly plant project, in Lagos, Nigeria. The Dangote Group is a Nigerian multinational industrial conglomerate. 

EES – new horizons

     10th February 2017 We are currently experiencing a global technological revolution due to the phenomenal progress in technology which is taking place at breakneck speed throughout the world.  This revolution is profoundly transforming client interactions and the way we do business.  “To keep pace with this digital... 

Africa must connect on global scale for economies to keep up and compete

By: Megan van Wyngaardt     9th February 2017 To grow their economies in line with their growing size, Africa’s cities must open their doors and connect to the world to ensure that investments in these cities’ infrastructure, industrial and commercial structures keep pace with its concentration of people. A new World Bank report, released on... 

Dangote, Sinotruk to build $100m truck assembly plant in Nigeria

     6th February 2017 The Dangote Group plans to establish a $100-million vehicle assembly plant project, in Lagos, Nigeria. The Dangote Group is a Nigerian multinational industrial conglomerate. 

Africa’s premier professional bootcamp to grace SA this February

     6th February 2017 Launched in 2016 by She Leads Africa, a social enterprise that encourages African women to build the businesses and careers of their dreams, SheHive is gearing up for a South African take over like no other this February. SheHive, an innovative professional bootcamp, which has been hosted in key... 

Why the future need not be so bleak

By: Saliem Fakir     27th January 2017 Sometimes environmental dystopia can obscure progress. As the global climate negotiation process moves along, it is interesting to see how the climate change and fossil fuel debate is beginning to reshape our world. Change may happen faster and more disruptively than we may think. Here is a... 

Africa’s rapid urbanisation a boon for ICT sector – Siemens

By: Schalk Burger     27th January 2017 African governments and the private sector have an opportunity to roll out services for digital access and use as a utility, which will extend information and communication technology (ICT), improve digital maturity, and help to develop Africa and its cities to deal with urbanisation, says... 

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