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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... 

Clarifying sustainability reporting imperative for modern business

By: Robyn Wilkinson     20th October 2017 A clear and shared sustainability reporting framework is integral for enabling companies to demonstrate a positive impact on not only the economies but also the societies and environments in which they operate, says independent international organisation Global Reporting Initiative (GRI) CE Tim... 

Company expands African footprint to pursue major projects

By: Robyn Wilkinson     20th October 2017 Despite slowing economic growth, political challenges and associated declining investor confidence in many parts of Africa, global project management consultancy Turner & Townsend continues to strengthen its network on the continent as it pursues major projects in mining, oil and gas,... 

New business model drives group’s resurgence in Africa

By: Robyn Wilkinson     20th October 2017 Economic growth in Africa is ensuring a steady demand for infrastructure development and by tailoring its business model to access this demand, engineering services provider ELB Group has enhanced its activities on the continent and announced a return to profitability. 

Mambilla hydroelectric power plant, Nigeria

By: Sheila Barradas     20th October 2017 Nigeria's Federal Executive Council has approved the construction of the project. 

Nigeria's SEC orders suspension of Oando's shares

By: Reuters     18th October 2017 Nigeria's Securities and Exchange Commission (SEC) said on Wednesday it had suspended trading in the shares of Oando after the regulator said it suspected insider dealing and discrepancies in the energy company's shareholding structure. The SEC ordered the Nigerian Stock Exchange to implement a... 

China factories grapple with soaring prices as pollution crackdown bites

By: Reuters     17th October 2017 Chinese exporters at the country's biggest trade fair are more optimistic about global demand now than six months ago but Beijing's crackdown on pollution is ramping up costs and product prices, hurting smaller factories and foreign buyers. At the Canton Fair where some 25 000 manufacturers are... 

Sub-Saharan Africa economic growth to pick up next year

By: Reuters     13th October 2017 Nigeria and South Africa are expected to lift sub-Saharan regional growth next year, a Reuters poll showed, once their central banks cut rates to boost Africa's largest - but sickly - economies. The two economies contribute more than half of sub-Saharan Africa's gross domestic product and the... 

Italian company ensures engineering success in KZN

By: Robyn Wilkinson     13th October 2017 As it celebrates its sixtieth year in South Africa, Italian multinational engineering solutions provider Maccaferri will complete the construction of one of the country’s largest surfaces of mechanically stabilised earth walls to date – at 10 000 m2 – at the Mount Edgecombe interchange, in... 

Partnership creates complete truck stop service concept

By: Schalk Burger     13th October 2017 A partnership between local truck and trailer service Laser Fast, oil and gas multinational ExxonMobil, its local distributor CentLube and tyre multinational Michelin Tyre Company has resulted in the creation of a complete heavy-duty vehicle service and fuel and driver rest stop in Meyerton,... 

Sweeping growth for Goscor Cleaning Equipment across Africa

     11th October 2017 With new representation in Namibia, Botswana, and Nigeria, and dealer talks underway in Kenya, Goscor Cleaning Equipment (GCE) is consolidating its strategy of becoming the first-choice supplier of cleaning equipment in Africa. Part of the Goscor Group, GCE has embarked on a comprehensive... 

South Africa vulnerable to any sharp rise in global rates, World Bank warns

By: Terence Creamer     11th October 2017 A quicker and sharper-than-expected normalisation in interest rates in the US could trigger a reversal in capital flows to South Africa, the World Bank’s latest ‘Africa’s Pulse’ warns, adding that any sharp increase in global interest rates could also complicate debt dynamics for sub-Saharan... 

IMF cuts South Africa growth forecasts as politics takes it toll

By: Reuters     10th October 2017 The International Monetary Fund cut its South African economic growth forecast for this year on Tuesday, saying rising political uncertainty has dented consumer and business confidence. The IMF said it expected South Africa's economy to grow by 0.7% this year, down from an earlier projection of... 

Brazil revives African ties, eyes expanding market

By: Reuters     10th October 2017 Agricultural powerhouse Brazil aims to revive ties with Africa after a lull and sees a vast export market for food and manufactured goods in a continent whose population is surging, its foreign minister said. Brazil's presence in Africa surged during the government of former President Luiz Inacio... 

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... 

Angola's State oil firm saves $1.7bn after spending cuts

By: Reuters     9th October 2017 Angola's State-owned oil company Sonangol said on Friday it had saved $1.7-billion thanks to spending cuts since 2014 in response to lower crude prices. Oil companies across the world have made steep cuts to their annual capital expenditure over the last three years to cope with a slump in oil... 

Manufacturer strives to meet industry demands

By: Nica Schreuder     6th October 2017 With demand for pump efficiency prevalent in the past five to ten years, industrial equipment supplier Rand Transmission South Africa (SA) has changed and aligned its product range to meet market requirements and demands. Despite Rand Transmission South Africa’s products only accounting for... 

Pumps investment solidifies Mozambique sugar industry

By: Nica Schreuder     6th October 2017 South African pumps manufacturer and supplier Brehnor Pumps has commissioned two Ornel Floodlifter 1 200-mm-diameter pumps on the Xinavane sugar estate, in Mozambique, owned by agricultural and agroprocessing business company Tongaat Hulett. 

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... 

SacOil acquires Belton Park for up to R220m

By: Anine Kilian     2nd October 2017 Independent oil and gas company SacOil will acquire the assets and operations of independent fuel wholesaler and distributor Belton Park for up to R220-million. Belton Park owns a substantial fleet of heavy-duty tankers that distribute over 20-million litres of fuel products a month to a... 

RopeCrew

By: Zandile Mavuso     29th September 2017 Vertical safety systems company RopeCrew is a highly experienced and dynamic rope access company that offers industrial and offshore rope access services and work at height training. 

Nigeria to diversify power supply, then focus on repairs

By: Reuters     28th September 2017 Nigeria is focused on diversifying power supply and ensuring its stability before pouring money into a creaking transmission system, a government minister told Reuters. Minister of Information Lai Mohammed said that while Nigeria had already increased power generation to the point that its... 

African ports define development roadmap for 2018 and beyond

     22nd September 2017 Over 20 African ports authorities, terminal operators and Ministries of Transport convene in Durban, South Africa this October for strategic think-tank discussions around port optimisation and modernisation across the region.  The African Ports Evolution initiative sets the backdrop for the... 

Maintenance and rehabilitation – putting African Rail back on track

     22nd September 2017 After a period of decline, Rail in the developed world has made a significant comeback to mature in a vibrant sector. With a few exceptions, Rail in Africa lag behind due to poor or even non-existence of rail maintenance and rehabilitation with the result of an outdated infrastructure – in some... 

7 Ways to ensure a data breach does not happen to you

     18th September 2017 By Fortinet global security strategist Derek Manky 143 million. The number of US consumers potentially affected by the recently announced credit services data breach is staggering. It’s nearly half the US population. And as a credit reporting service, this data includes names, addresses,... 

'Dodgy' articles in academic journals threatens integrity of South African science

By: News24Wire      13th September 2017 University scholars who publish their research in "dodgy" online scientific journals may be compromising their integrity in the new race to publish swiftly and prolifically, the Department of Higher Education and Training (DHET) acknowledged this week. The department was responding to queries... 

Afe Babalola University expansion project, Nigeria

By: Sheila Barradas     8th September 2017 The Afe Babalola University plans to build new facilities and improve access to high-quality education for more than 10 000 students. 

Africa’s transport leaders drive free trade agenda

     6th September 2017 National development across Africa continues to support the commitment undertaken by the 54 members of the African Union in Addis Ababa, Ethiopia in November 2016 to create a continent-wide free trade area.  At the helm of this initiative is Africa’s transport sector, taking continuous strides to... 

Pioneer appoints new CEO as Roux retires

By: Creamer Media Reporter      1st September 2017 Phil Roux will retire as CEO of Pioneer Foods, effective October 1, but will continue to serve as strategic adviser to the company until November 30, 2019. Tertius Carstens, who is the business executive responsible for Pioneer’s essential foods division, will take over as CEO of the group on... 

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... 

Outgoing economic counsellor sees big ‘untapped’ US-SA economic potential

By: Terence Creamer     29th August 2017 The US Embassy’s outgoing Economic Counsellor, Laird Treiber, says there has been a steady stream of American investment into South Africa during his three-year tour and that, notwithstanding the current hiatus in investment activity, economic relations are poised to expand again, owing to the... 

New Transnet, DBSA finance scheme set up to support African rail exports

By: Terence Creamer     28th August 2017 State-owned entities Transnet and the Development Bank of Southern Africa (DBSA) have agreed to create a new facility that will extend favourable financing to African and Middle Eastern buyers of Transnet Engineering’s (TE’s) rail rolling stock and port equipment. The financing scheme will be... 

Infrastructure initiative garners support from nine African presidents

By: Natasha Odendaal     21st August 2017 Spearheaded by South Africa’s President Jacob Zuma, the Presidential Infrastructure Champion Initiative (PICI), aimed at accelerating regional trade and unlocking the economic potential of the continent, now has nine African presidents on board, with ten projects in the spotlight as Africa... 

Sustainable partnerships needed to ensure Africa’s food security

By: David Oliveira     18th August 2017 New approaches and sustainable partnerships are required to ensure food security for Africa’s rapidly urbanising population, says financial services provider Absa senior agricultural economist Wessel Lemmer. According to a January 2017 report by The Sustainable Development Goals Centre for... 

Biofuels company launches franchise solution

     18th August 2017 Cape Town-based biofuel company Biogreen Diesel will start franchising its ‘Biodiesel & Research model’, to aid in the expansion of the industry and simultaneously increase awareness of biofuels in the region. The company, having made the announcement in June on its website, says it felt it had... 

Africa can benefit from global volatility

By: Kim Cloete     17th August 2017 Despite major global challenges, including global trade, Africa has the opportunity to step up to global change and benefit from the volatility that is shaking up the world, says Thomson Reuters Africa MD Sneha Shah. “Africa has the richest resource pool in the world, but we always lose, because... 

Erin Energy starts drilling at Oyo-9 well

By: Creamer Media Reporter      14th August 2017 Oil and gas exploration and production company Erin Energy Corporation has started drilling of the Oyo-9 well, offshore Nigeria. The well is being drilled with the Pacific Bora sixth-generation drilling rig and is expected to take about 62 days to complete. 

HMA South Africa announces exclusive Fireye distributorship

     4th August 2017 The Fireye range of flame monitoring and combustion control equipment for industries as diverse as petrochemical and power generation is now available from HMA South Africa, the newly-appointed exclusive distributor for the region. Already well-established in the South African market for about 33... 

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