R/€ = 16.64 Change: 0.14
R/$ = 14.36 Change: 0.16
Au 1228.00 $/oz Change: 9.69
Pt 846.00 $/oz Change: 6.28


Liquid, Zindi partner to accelerate development of Africa’s data science ecosystem

By: Natasha Odendaal     5th October 2018 Pan-African telecommunications group Liquid Telecom is backing newly launched platform Zindi to accelerate the development of data scientists across Africa. Zindi provides a competitive platform for African data scientists to convene, collaborate and compete to solve the continent’s most pressing... 

Hyatt Hotels to more than double its Africa hotels by 2020

By: Reuters     26th September 2018 Hyatt Hotels Corp plans to more than double its hotels in Africa by 2020 to capitalise on improved travel links and robust economic growth that is boosting demand for rooms, the company's regional vice president said on Wednesday. Hyatt currently has nine hotels in Africa but lags far behind... 

Kenya economic growth to be curbed by new tax on fuel – industry

By: Reuters     7th September 2018 Kenya's economic growth momentum for this year could be snuffed out if a widely unpopular 16% value-added tax on fuel is maintained, the country's chamber of commerce said on Friday, pointing at higher prices of goods and transport. The tax, which came into force on September 1, is part of a... 

Kenya mulling oil pipeline connecting it to Ethiopia, South Sudan

By: John Muchira     31st August 2018 Kenya is set to embark on a feasibility study for a 790 km crude oil pipeline connecting the country to Ethiopia and South Sudan. The Lamu–Isiolo–Moyale pipeline will be part of the Lamu Port–South Sudan–Ethiopia–Transport (Lapsset) Corridor project, which is aimed at not only facilitating the... 

Kenya expressway project hangs in the balance

By: John Muchira     24th August 2018 Construction of a $2.1-billion expressway between the Kenyan capital of Nairobi and the port city of  Mombasa hangs in the balance following a decision by President Ururu Kenyatta's government not to finance the project through debt. Instead, it has directed the contractor, US construction giant... 

Kenya charges top officials with fraud over new $3bn railway

By: Reuters     13th August 2018 A Kenyan court on Monday charged the heads of the agency that manages public land and of the state railway with fraud over land allocation for a new $3-billion train line linking the capital with East Africa's biggest port. The line between Nairobi and Mombasa, funded by China, is one of the... 

Uber rival Taxify bets on motorcycles and rickshaws in East Africa

By: Reuters     10th August 2018 Taxify, an Estonian ride-hailing company aiming to take on Uber in emerging markets, will invest millions of euros in East Africa in the next five years with a strategy focused on motorised rickshaws and motorcycles, it said on Thursday. The company, which already operates in five cities in... 

Report shows Cape Town is Africa’s tech capital

By: Anine Kilian     31st July 2018 A report commissioned by the Cape Innovation and Technology Initiative (CiTi), Wesgro and the Allan Gray Orbis Foundation – with the support of the Western Cape government – has confirmed that the greater Cape Town area, including Stellenbosch, is Africa’s tech capital. The report, compiled by... 

Kenyan carrier becomes first in Africa to sign parts and services deal with Boeing

By: Rebecca Campbell     24th July 2018 Kenya Airways has become the first airline in Africa to contract US aerospace giant Boeing for its Consumable & Expendable Services package. The deal has a duration of five years and will initially cover more than 18 700 parts. In subsequent phases, the number of parts covered by the agreement... 

WorleyParsons commences with second wind power project in Kenya

By: Creamer Media Reporter      23rd July 2018 WorleyParsons has recently signed a 22-month owner’s engineer contract for the Kipeto Wind Power Project in Kenya, the second largest in the country after the Lake Turkana Wind Power Project. The Kipeto Wind Power Project will comprise 60 wind turbines generating a combined capacity of 100 MW of... 

Kenya to lower age limit on used-vehicle imports to promote local assembly

By: John Muchira     20th July 2018 Kenya has decided to reduce the age limit of used vehicles allowed into the country to promote local assemblers, who are struggling to increase sale of new vehicles in a market choking with imports. Industrialisation Cabinet Secretary Adan Mohamed said that Kenya is on the verge of reducing the... 

Kenya's Safaricom in 'advanced talks' to take M-Pesa to Ethiopia

By: Reuters     17th July 2018 Kenya's Safaricom is in "advanced talks" with the Ethiopian government to introduce its popular M-Pesa mobile money service to neighbouring Ethiopia, a market of 100-million people, two sources said on Tuesday. Britain's Vodafone, Safaricom's parent company, will license the use of the M-Pesa... 

Kenya says Nairobi–Mombasa refined products pipeline ready for use

By: Reuters     11th July 2018 A refined products pipeline linking Kenya's capital Nairobi with the port city of Mombasa is complete and ready for use, state-run Kenya Pipeline Company (KPC) said on Wednesday. The 450 km pipeline will eliminate an estimated 700 oil tanker trucks per day that transport fuel by road between... 

Untapped opportunity in Africa’s emerging startup hubs

18th June 2018 African startups are in a unique position to leverage innovation to answer some of the continent’s most pressing challenges. To achieve this, an enabling environment is mission critical, according to Abu Cassim, founder and director of Jozi Angels, an angel network that invests in early stage... 

More airlines fly into Cape Town, connecting countries in Africa

By: Kim Cloete     13th June 2018 Two African airlines have launched flights to Cape Town over the past month, bringing more business and tourism opportunities to the Mother City. Kenya Airways launched a nonstop direct flight from Nairobi to Cape Town on June 6. The new service operates a Boeing 737-800. This is in addition to... 

South African precious metals recycling innovation reaches Africa Prize finals

By: Anine Kilian     1st June 2018 An innovation that uses a cheap and sustainable recycling method to recover precious metals has made it into the finals of the 2018 Africa Prize for Engineering Innovation.    

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... 

Tharisa may join Karo in $4.2bn Zimbabwe platinum project

By: Bloomberg     31st May 2018 Tharisa, the platinum and chrome miner run by the Pouroulis family, is considering investing in a $4.2-billion platinum project in Zimbabwe being developed by another company founded by the family. Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the... 

Tanzanite miner gets bill as Tanzania cracks down on lost mineral revenues

By: Reuters     17th May 2018 Tanzanian gemstone miner Tanzanite One has agreed to pay compensation and overdue taxes to the government after unspecified violations led to losses in public revenues, the President's office said. President John Magufuli's government accuses mining firms of cheating Tanzania out of its fair... 

Decorative concrete market looking good

By: Jessica Oosthuizen     11th May 2018 Decorative concrete solutions can raise the aesthetic value of both new projects and renovations, and construction chemicals company Chryso Southern Africa is participating in the market to supply such solutions for aesthetic and practical applications, company CEO Norman Seymore tells... 

Protesters demand Ethiopia cancel billionaire's gold licence

By: Bloomberg     8th May 2018 Protesters in Ethiopia’s restive Oromia region demanded the government withdraw a gold-mining permit from a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution. Demonstrators have blockaded roads in Shakiso, 358 km south of the capital, Addis Ababa, since April 30... 

South Africa to host the Japan–Africa Public Private Economic Forum

By: Marleny Arnoldi     25th April 2018 South Africa will host the Japan–Africa Public Private Economic Forum at the Sandton Convention Centre from May 3 to 4.  

Minigrid research, development fund launched for sub-Saharan Africa

By: Anine Kilian     24th April 2018 Investment firm CrossBoundary, in partnership with The Rockefeller Foundation, on Tuesday launched the Mini-Grid Innovation Lab, in Nairobi, Kenya. The lab is the first research and development fund for sub-Saharan Africa that focuses exclusively on testing business model innovations in the... 

Habitat Apartments high-rise tower is Nairobi’s first ‘vertical village’

9th April 2018 Architecture and interior architecture practice Paragon, in conjunction with Design Source of Nairobi, is overseeing Habitat Apartments in Kilimani, a 24-storey, 160-unit mixed-use apartment tower. Under development by Ekco Investments, the project is scheduled for completion by mid-2020. The... 

Commissioning under way on Kenya’s new multipurpose pipeline

By: John Muchira     6th April 2018 Kenya was last week set to commission a multipurpose pipeline from the coastal city of Mombasa to the capital, Nairobi, in a major milestone in its quest to enhance efficiency in the transport of petroleum products. Construction of the $470-million pipeline, implemented by the Kenya Pipeline... 

Nairobi– Mombasa expressway, Kenya

By: Sheila Barradas     6th April 2018 The Kenya National Highways Authority is building a toll road between Nairobi and Mombasa. 

Post-Mugabe Zimbabwe mining rush leaves big producers behind

By: Bloomberg     3rd April 2018 While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach. New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining... 

Wanjii small hydropower plant modernisation, Kenya

By: Sheila Barradas     30th March 2018 KenGen is replacing the turbines, generators and control technology at the Wanjii small hydropower plant. 

Shrinking platinum sector adds to Ramaphosa's economy challenge

By: Bloomberg     26th March 2018 “Ramaphoria” boosted the rand and revived investor sentiment on South Africa. But deep underground in the country’s platinum mines, there’s very little cause for optimism. Producers in South Africa, which accounts for about 70% of the world’s mined platinum, are closing shafts and cutting... 

Joint SA-UK research programmes going well

By: Rebecca Campbell     16th March 2018 South Africa is one of the most successful partner countries for the UK in terms of scientific research and technological development. “The scale of [research and development (R&D)] institutional links and Governmental links are enormous,” highlights British High Commission (Pretoria) UK Regional... 

Battle to keep Lonmin platinum deal alive hinges on the rand

By: Bloomberg     9th March 2018 When Lonmin CEO Ben Magara announced in December that Sibanye Gold had agreed to buy the platinum miner, he was visibly relieved. He can’t relax just yet. 

Kenya plans to electrify Mombasa–Nairobi rail link

By: John Muchira     9th March 2018 Kenya plans to electrify its diesel-powered standard-gauge railway (SGR) line from the coastal city of Mombasa to the capital, Nairobi, as it seeks to cement its position as a regional transports hub. The East Africa nation has since secured $240-million from China Electric Power Equipment &... 

ExecuJet adds Bombardier Challenger 350 to its East Africa fleet

By: Marleny Arnoldi     6th March 2018 International business aviation company ExecuJet is expanding its managed fleet in Africa with the addition of a Bombardier Challenger 350 to be based in Nairobi, Kenya.  

Mariam Abdullahi

2nd March 2018 This week we feature Mariam Abdullahi, telecommunications industry lead for Africa at SAP   

Projects boding well for geotechnical contractor

By: Marleny Arnoldi     16th February 2018 Specialist geotechnical contractor and subsidiary of Keller Group, Franki Africa, is providing 46 000 Columns with Mixed Moduli (CMM) for the 350 000 m2 Clairwood logistics park construction site project.  

Newly expanded Joburg data centre to serve cloud demand in SA

By: Schalk Burger     16th February 2018 Africa Data Centres, part of pan-African telecoms group Liquid Telecom, has expanded its Midrand-based data centre to a 7 MW, 3 000 m2 carrier-neutral facility to better serve demand for cloud and co-location services in Southern Africa, says Liquid Telecom group CTO Ben Roberts. It has also... 

Smart city initiatives must be ‘part of long-term vision’ – Huawei

By: Schalk Burger     9th February 2018 Using information and communication technologies, and more broadly digital technologies, in cities must be part of long-term, sustained transformative visions to ensure that a city and its systems improve over time, says Huawei Enterprise Government and Public Utility Sector VP Edwin Diender.... 

Continent has potential to gain the most from Industry 4.0, says Paramount head

By: Dylan Slater     9th February 2018 Africa is not alone in its unpreparedness for shifting into the Fourth Industrial Revolution, or Industry 4.0, but it has the potential to gain the most out of such a development by finding new ways of manufacturing, says aerospace and defence company Paramount group executive chairperson Ivor... 

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