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Talaxis to acquire up to 75% of Mkango’s Songwe project

By: Nadine James     18th May 2018 Noble Group subsidiary Talaxis has entered into definitive agreements with Mkango Resources to acquire up to a 75% interest in Mkango’s Lancaster Exploration subsidiary, as well as a 49% stake in its downstream metals division Maginito Investments. In January, Talaxis paid Mkango £5-million in... 

Toshiba signs MoUs to support African hydropower, geothermal roll-out

By: Schalk Burger     18th May 2018 Energy systems multinational Toshiba Energy Systems and Solutions signed four memoranda of understanding (MoUs) to cooperate with African countries to develop hydropower and geothermal energy systems. The MoUs were signed on the sidelines of the Japan-Africa Public-Private Economic Forum, in... 

Fuchs Lubricant opens new grease manufacturing plant in Gauteng

By: Marleny Arnoldi     16th May 2018 Lubricants specialist Fuchs Lubricants South Africa (Fuchs SA), together with its parent company Fuchs Petrolub, on Wednesday launched a R125-million grease manufacturing plant at its factory, in Isando, Gauteng. The plant will allow Fuchs to manufacture specialty greases for the local market, as... 

Toshiba, RentCo form geothermal power generation partnership

By: Schalk Burger     7th May 2018 Energy systems multinational Toshiba Energy Systems and Solutions and lease financing company RentCo East Africa on Monday signed a general cooperation agreement to expand sales channels and orders of wellhead geothermal power generation systems in Kenya and the wider sub-Saharan Africa. In a... 

Exclusive CEO Forum to discuss utilities transformation at AUW

By: Melissa Zisengwe     4th May 2018 CEOs from Africa will meet at the Pan-African Utility CEO Forum to discuss pertinent issues affecting the power, energy and water sectors. The Forum at African Utility Week (AUW), taking place from 15 to 17 May, is the largest of the five forums and is the meeting place for CEOs from across the... 

A monarch’s costly whim

By: Martin Zhuwakinyu     4th May 2018 It is safe to say that many readers of this column now know that what used to be the Kingdom of Swaziland is now the Kingdom of eSwatini, which means ‘the place of the Swati people’. The name change, announced by King Mswati III last month, during celebrations to mark 50 years of independence... 

Toshiba signs African energy development MoUs

By: Schalk Burger     3rd May 2018 Energy sytems multinational Toshiba Energy Systems and Solutions on Thursday signed four memoranda of understanding (MoUs) to cooperate with African countries to develop hydropower and geothermal energy systems. The MoUs were signed on the sidelines of the Japan-Africa Public-Private Economic... 

Work starts on initial phases of Songwe feasibility study

By: Simone Liedtke     3rd May 2018 Work has started on the initial phases of a feasibility study into Mkango Resources’ Songwe Hill rare earths project, in Malawi. Metallurgical optimisation is under way at laboratories in Australia and Canada, with the work programme having been scaled up following the receipt, in January, of... 

Paladin moves to mothball Namibia uranium mine

By: Esmarie Swanepoel     26th April 2018 Uranium miner Paladin Energy on Thursday announced that it was unlikely to resume physical mining activities at its Langer Heinrich operation, in Namibia, and has taken preparatory steps to place the operation on care-and-maintenance. Paladin previously told shareholders that the medium-grade... 

Rooftop PV system donated to Consulate of Italy in Cape Town

By: Simone Liedtke     13th April 2018 Multinational company Building Energy has donated a 3.12 kW off-grid solar photovoltaic (PV) rooftop power plant to the Italian consulate in Cape Town. The plant, comprising 12 PV panels, will generate about 5 MWh/y of energy, significantly decreasing the building’s carbon footprint through a... 

Mkango’s feasibility for Songwe Hill under way

By: Natasha Odendaal     13th April 2018 TSX- and Aim-listed Mkango Resources is well positioned to advance its projects following investments by Noble Group subsidiary Talaxis, the exploration and development company outlined in a management discussion and analysis report for the year ended December 31, published on Friday. Mkango is... 

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... 

Free trade deal is much ado about nothing

By: Riaan de Lange     6th April 2018 It is the eightieth day of the year as I sit down to write this piece – the first full day of the sign of Aries. In case you are wondering, there are 285 days until the end of the year, and, in another 65 days, it will be Tax Freedom Day. It means that you will need to work up to May 25 to pay... 

Firm reiterates Africa’s importance as strategic region

6th April 2018 Africa remains a strategic and promising business region for integrated infrastructure delivery company Aecom, and as the outlook for the continent remains positive, the company is ensuring it has the necessary staff and technical expertise to allow it to capitalise on growth opportunities. In... 

Listeria class action filed against South Africa's Tiger Brands

By: Reuters     29th March 2018 A class action lawsuit was filed on Thursday against South Africa's Tiger Brands, after one of its food factories was linked to a listeria outbreak that has killed 180 people since early 2017, the lawyer running the case said. Richard Spoor, a human rights advocate who previously masterminded a... 

Nampak mulls sale of glass business

By: Simone Liedtke     29th March 2018 JSE-listed packaging company Nampak plans to dispose of its glass business, as market demand exceeds the operation’s capacity to supply products, given ongoing production limitations. Progress within the business has not been as fast as desired and it is expected to make a loss for the half year... 

Globe denies wrongdoing in Malawi

By: Esmarie Swanepoel     23rd March 2018 The share price of junior ASX-listed Globe Metals & Mining dropped more than 11% on Friday, after the company reported that its Malawian subsidiary was facing legal action. Globe Metals and Mining (Africa) has been named as a defendant in a legal action started in the High Court of Malawi, by... 

AECOM reiterates Africa’s importance as a strategic business region

20th March 2018 Africa remains a strategic and promising business region for AECOM. While the outlook for the continent remains positive, the integrated infrastructure delivery company is ensuring it has the necessary staff and technical expertise to allow it to capitalise on growth opportunities. In West... 

Regulation still a constraint, despite potential benefits of IoT

By: Schalk Burger     14th March 2018 The regulatory framework and new regulations governing the applications and use of new technologies is still restrictive and does not make allowance for Internet of Things (IoT) use cases that can improve efficiencies and benefit civil society, speakers at the IoT Forum Africa, in Midrand, said... 

Kazungula Bridge set to open corridor between Zambia, Botswana

By: African News Agency      14th March 2018 The Kazungula Bridge project is set to open up the transport corridor between Zambia and Botswana, a move which will see Zimbabwe lose out on transit revenue. The project is being carried out with partial financial assistance from the African Development Bank (AfDB). The primary objective of the... 

Engen partnership proves the power of support for emerging black entrepreneurs

14th March 2018 Unseating his prime competitor to become South Africa’s number one LPG market leader makes Easigas-Reatile Gaz chairman Simphiwe Mehlomakulu extremely proud.   But arguably more proud are his partners at Engen, who Mehlomakulu credits with helping position his black-owned and managed company as a... 

Southern Africa likely to see GDP growth above 2% in the next two years

By: Anine Kilian     12th March 2018 The African Development Bank (AfDB) expects real gross domestic product (GDP) growth in the Southern African region to improve to 2% in 2018 and then to 2.4% in 2019. The'Southern Africa Economic Outlook Report 2018', released by the AfDB, in Pretoria, on Monday, states that there is cautious... 

South African rights lawyer plans listeria class action against Tiger Brands

By: Reuters     12th March 2018 A human rights lawyer plans to launch a class action lawsuit against South African food producer Tiger Brands on behalf of the families of people who died and those affected by the worst listeria outbreak in history. South Africa's health minister said on Thursday the government would support... 

Development finance may unlock Moz–Malawi interconnector

By: Marcel Chimwala     9th March 2018 The European Union (EU) and the German Development Bank (KfW) are to extend a E20-million grant to Malawi to partially finance the $127-million Mozambique–Malawi electricity interconnector project. Malawi is keen to fast-track the project so that it can start importing electricity from... 

Gemfields transparent, proactive in rebutting rights allegations

By: Martin Creamer     12th February 2018 Coloured gemstones company Gemfields has been transparently proactive in rebutting claims of human rights abuses in Mozambique, where it mines rubies. "We've voluntarily elected to issue this statement," Gemfields, headed by CEO Sean Gilbertson, commented in a release on Monday about UK-based law... 

AfDB boosts ALBC Fund books with R140m loan

By: Megan van Wyngaardt     5th February 2018 To further enhance the African Local Currency Bond Fund (ALCB Fund) portfolio and promote the development of domestic capital markets across the continent, the African Development Bank (AfDB) has approved a loan of R140-million. The senior loan, with a seven-year tenor including a two-year grace... 

New coal terminal planned for Beira could be a gateway to the east

By: Kim Cloete     2nd February 2018 A coal terminal planned for construction at Mozambique’s Beira port could be a gateway for imports and exports from the landlocked countries of Zimbabwe, Zambia, the Democratic Republic of Congo, Malawi and Botswana and could greatly boost coal exports to India. Essar Ports CEO Tej Nargundkar... 

Electric cars and niche metals lure cash back to African mines

By: Bloomberg     2nd February 2018 Rising commodity prices may have revived enthusiasm for African resources, but it’s unlikely to be the old mainstays of coal and iron ore pulling crowds next week as the mining industry meets in Cape Town. The electric-vehicle boom and shifting industrial demand have transformed formerly niche... 

Paladin to return to ASX, most shares in hands of creditors

By: Mariaan Webb     2nd February 2018 Uranium miner Paladin Energy will apply for its securities to be reinstated to official quotation on the ASX, the Australia-based company said on Friday, announcing the completion of its restructuring and the appointment of two new directors. With the deed of company arrangement (DOCA) effected,... 

Crop munching pest in Africa raises hunger threat

By: Reuters     29th January 2018 A crop munching worm that can fly up to 100 km (60 miles) at night is spreading rapidly across Africa, threatening food production and the livelihoods of millions of farmers already struggling with conflicts and drought, experts said on Friday. The larvae form of fall armyworm prefers maize, but... 

Michael Higley

26th January 2018 This week we feature Michael Higley, VP Operations at FedEx, a company that provides customers and businesses worldwide with a broad portfolio of transport, ecommerce and business services   

Money no panacea for education’s ills

By: Martin Zhuwakinyu     26th January 2018 The excitement around the results of last year’s matric exams has now died down. Indeed, the class of 2017 gave a very good account of themselves, with those who sat for the exams at private schools notching up a 98.76% pass rate and their public-school counterparts 75.1%. Hats off to them. One... 

Mkango shareholders approve Talaxis investment transaction

By: Megan van Wyngaardt     19th January 2018 Shareholders of Aim- and TSX-V-listed Mkango Resources have approved an investment transaction with Noble Group subsidiary Talaxis. In November, the company secured a direct investment from Talaxis, to be paid in three tranches, in exchange for a 49% interest in Mkango subsidiary Lancaster... 

AfDB to support Mozambique rail project with $300m

By: Megan van Wyngaardt     20th December 2017 The African Development Bank (AfDB) is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the $5-billion Nacala corridor rail and port project, supporting the project with $300-million from its private sector window. After years of financial... 

Mkango receives conditional TSX-V approval for Talaxis transaction

By: Mia Breytenbach     11th December 2017 The TSX-V has conditionally accepted dual-listed Mkango Resources’ transaction with Noble Group subsidiary Talaxis, which will invest £12-million to fund a bankable feasibility study (BFS) at Mkango’s Songwe Hill rare-earth project in Malawi. "We are very pleased to announce conditional... 

Khato Civils opens new head office in South Africa 

By: Anine Kilian     8th December 2017 South African construction and engineering company Khato Civils on Friday unveiled its official headquarters, located in Samrand, Gauteng. Speaking at the launch, Khato Civils chairperson Simbi Phiri noted that the company has expanded its operations to Botswana, Malawi, Zimbabwe, Ghana and... 

Vivo to gain 300 stations in 9 African countries in Engen share transaction

By: Schalk Burger     5th December 2017 Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in... 

Exports could ease Eskom’s debt pressure

By: Creamer Media Reporter      1st December 2017 By Jason Mann and Victoria Barr Recent reports have highlighted the many challenges facing State-owned electricity utility Eskom, including difficulties in continuing to service its debt. 

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