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Luxembourg Protocol can save South Africa billions – Rail Working Group

By: Natasha Odendaal     14th February 2019 The adoption of the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is expected to be a game changer for South Africa, said Rail Working Group chairperson Howard Rosen on Thursday. The treaty, which is expected to enter into force late in 2019,... 

Sub-Saharan Africa Eurobonds to perform better this year

By: Reuters     1st February 2019 Eurobonds from sub-Saharan Africa will perform better this year even though debt levels in some parts of the region are ballooning, as diminishing prospects for further U.S. interest rate hikes support demand, a Reuters poll found. All but one of ten analysts surveyed this week said it would be a... 

Cape Town’s WhereIsMyTransport expands to Latin America, India

By: Irma Venter     22nd January 2019 Public transport data and technology company WhereIsMyTransport has raised $1.85-million in funding from Liil Ventures and Goodwell Investments, as part of its Series A funding round. The funding will support the company’s expansion into Latin America and India. 

Multichoice sweetens Naspers split with dividend plan

By: Reuters     22nd January 2019 Africa's biggest pay-TV business Multichoice plans to pay a R2.5-billion dividend two years after leaving its parent of three decades – media and e-commerce group Naspers – and pursuing a listing solo in South Africa. Multichoice CFO Tim Jacobs said on Monday the firm would make its first payment... 

Fourteen miners killed in Rwanda tin mine – official

By: Reuters     21st January 2019 Fourteen miners were killed in an eastern Rwandan tin mine after a hill collapsed on them after heavy rains, an official said on Monday. "Because of recent rainfall in the area, part of the hill nearby collapsed and 14 miners who were getting ready for work were buried by land," Fred Mufuruke,... 

There’s a tiny plastic enemy threatening the planet’s oceans

By: Bloomberg     11th January 2019 Environmentalists have identified another threat to the planet. It’s called a nurdle. Nurdles are tiny pellets of plastic resin no bigger than a pencil eraser that manufacturers transform into packaging, plastic straws, water bottles and other typical targets of environmental action. 

Rolls-Royce plans to launch all-electric aircraft in 2020

By: Marleny Arnoldi     8th January 2019 Power systems provider Rolls-Royce is leading a highly specialised challenge of building the world’s fastest all-electric aircraft, which is planned to take flight in 2020 on the Welsh coastline. The zero-emissions plane is expected to travel at a target speed of more than 300 miles per hour... 

Tanzania names latest mining minister in ongoing industry clash 

By: Reuters     8th January 2019 Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190-billion tax bill, which has severely limited the London-listed company's operations in the East African nation. Dotto Biteko, whose appointment was announced by... 

Disappearing forests

By: Martin Zhuwakinyu     2nd November 2018 In rather melodramatic fashion, one journalist, writing in June this year, portrayed the rate at which the world is losing its forests thus: “Image looking down on huge swathe of lush forest – but before you can pull out your phone to take a picture, it’s gone.” A look at the latest tree cover... 

Kenya sets aside funds to develop domestic mobile phone industry

By: Reuters     24th October 2018 Kenya's minister of information, communication and technology said on Tuesday that the government had set aside one-billion shillings ($9.90-million) to help local start-ups in the mobile telephone software and hardware segments to grow. Joe Mucheru, the ICT minister, told the annual meeting of... 

Kenya wins case against Cortec Mining on rare earths, niobium licence

By: Reuters     24th October 2018 Kenya has won a case against Cortec Mining Kenya Limited, Cortec and Stirling Capital over the revocation in 2013 of a licence for mining niobium and rare earth minerals, a court ruling made public on Tuesday showed. The decision could add to wariness about Kenya's nascent mining industry among... 

There is room for more ride-hailing services, says Taxify country manager

By: Irma Venter     23rd October 2018 Taxify believes there is room for another electronic ride-hailing service in South Africa. US-based Uber started operations in South Africa in 2013, with Estonia’s Taxify moving into the country in 2016. 

Kenya's ARM Cement's administrator proposes to keep company running

By: Reuters     22nd October 2018 The administrator of Kenya's debt-laden ARM Cement will ask its creditors for support keeping the company afloat by selling some of its assets to cut debt, as well as a plan to engage with financiers for working capital. George Weru, a co-administrator for the cement firm, told Reuters the... 

Kenya to establish gold refinery in bid to boost mining revenue

By: Bloomberg     19th October 2018 Kenya is seeking consultants for a feasibility study on a planned gold refinery in the East African nation’s western town of Kakamega, in a bid to boost earnings by small-scale miners. “The aim of the project is to improve the livelihoods of the beneficiary community, regional economy and that of... 

Tech, fashion showcased in iconic African designs

By: Natasha Odendaal     19th October 2018 A successful campaign aimed at bringing to life the transformative capabilities of data has revealed the combination of the power of technology and fashion and turned a concept into a dialogue. A thought-provoking project under the bannered theme “Fabric” undertaken by Siemens in August... 

Luxembourg Protocol can reshape African rail industry

By: Natasha Odendaal     19th October 2018 The adoption of the Luxembourg Protocol to the Cape Town Convention can be a solution to unlocking billions of dollars of investments from private investors into Africa’s rail industry. The new treaty, which will provide a Luxembourg-based central international registry of ownership of railway... 

Western Cape Revival Sees Paragon Open Cape Town Office Next Year

18th October 2018 Demand from clients in the Western Cape, combined with an uptick in the region’s building and construction industry, has resulted in architecture and interior architecture company Paragon finally opening a Cape Town office at the V&A Waterfront in January 2019. The new office, the first branch... 

Western Cape revival sees Paragon open Cape Town office next year

18th October 2018 Demand from clients in the Western Cape, combined with an uptick in the region’s building and construction industry, has resulted in architecture and interior architecture company Paragon finally opening a Cape Town office at the V&A Waterfront in January 2019. The new office, the first branch... 

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... 

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