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Greater demand for transparency needed in African real estate industry

By: Simone Liedtke 20th September 2018 There is a growing acknowledgement of the central role that a transparent real estate sector plays in providing healthy, productive and competitive environments for communities and businesses, investment management company JLL global research head Jeremy Kelly said on Thursday. Market... →

Satellite operator launches South Africa-based operations

By: Natasha Odendaal 14th September 2018 Satellite operator Avanti Communications Group has officially launched its South Africa-based operations as it continues a corporate revamp and continued investment and focus in Africa. “The announcement is underpinned by Avanti’s continued commitment to investing in Africa through a direct local... →

Volkswagen signs assembly, policy MoUs in Nigeria, Ghana

By: Irma Venter 3rd September 2018 Volkswagen has added Ghana and Nigeria to its list of future vehicle assembly operations in Africa. The German manufacturer is already active on assembly sites in Kenya, Algeria and Rwanda. →

Firms in satellite broadband services partnership

By: Natasha Odendaal 24th August 2018 Satellite operator and services provider Avanti Communications and panAfrican telecommunications solutions service provider iWayAfrica have signed a deal to provide satellite broadband services across sub-Saharan Africa. The new master distributor contract will allow iWayAfrica to provide... →

Semafo reports two more deaths in restive Burkina Faso

By: Schalk Burger 17th August 2018 TSX-listed West Africa-focused gold exploration and production company Semafo on Friday reported that a bus transporting employees from the town of Bobo-Dioulasso to the Mana mine, in Burkina Faso, had been shot at by armed bandits on Friday morning. One Semafo national employee and one... →

Wave of innovation for infrastructure development

By: Donald Makhafola 17th August 2018 With business spend in Africa predicted to grow from $2.6-trillion in 2015 to $3.5-trillion by 2025, wholly black-owned construction group Concor Construction believes that this trend will redefine urban areas and cities, triggering the need for rapid infrastructure development and services.... →

Ecowas moves to address gap in energy sector

By: African News Agency 14th August 2018 The Commission of the Economic Community of West African States (Ecowas) has moved to validate its regional strategy to popularise liquefied petroleum gas in West Africa to improve its economy and address health challenges and environmental degradation associated with the lack of access to the... →

Six killed in armed incident near Semafo’s Boungou mine

By: Simone Liedtke 14th August 2018 West Africa-focused Canadian mining company Semafo on Monday reported that five gendarmes and one subcontractor employee had lost their lives in an armed incident that occurred between the town of Fada and the Boungou mine site, in the Est region of Burkina Faso. While operations at the Boungou... →

Petronas acquires 30% equity in Senegal oil, gas block

By: Reuters 13th August 2018 Malaysian oil and gas company Petroliam Nasional (Petronas) said on Monday it has acquired a 30% stake in Senegal's Rufisque Offshore Profond block, its first project in the West African nation. Oil major Total will maintain operatorship of the block with a 60% ownership, Petronas said in a... →

Randgold looking across the Atlantic

By: Martin Creamer 10th August 2018 African gold mining company Randgold Resources is looking across the Atlantic along the northern edge of South America, which effectively hosts the same geology as West Africa, where the London-listed company has its biggest gold-mining base. This is in addition to intensifying exploration... →

Watershed changes hands

By: Esmarie Swanepoel 10th August 2018 ASX-listed Vital Metals’ A$15-million sale of its Watershed tungsten project, in Queensland, has been completed. The company in May this year struck a deal with fellow-listed Tungsten Mining to divest of the asset. →

App monitors spread of FAW in Africa

By: Erin Steenhoff-Snethlage 10th August 2018 The Fall Armyworm Monitoring and Early Warning System (FAMEWS) application (app) can save 300-million people in Africa from food insecurity and prevent significant economic losses in maize of up to $4.8-billion, caused by the infestation of the fall armyworm (FAW), says Food and Agriculture... →

MICROMINE Africa showcases its solutions at WAMPEX 2018 in Ghana

8th August 2018 Leading mining software solutions and services provider MICROMINE Africa attended the West African Mining & Power Expo (WAMPEX) at the Accra International Convention Centre in Ghana from 30 May to 1 June. WAMPEX is a major expo in the region, attracting over 1 400 industry professionals from over... →

AFC welcomes completion of, first shipment from Guinea bauxite mine

By: Nadine James 8th August 2018 Infrastructure development finance institution Africa Finance Corporation (AFC) on Wednesday announced the on time completion of the Bel Air mine, in Guinea, and its first shipment of high-grade bauxite to China. The construction of the mine was completed on time and within budget. →

AB InBev to build new brewery in fast-growing Mozambique

By: Reuters 8th August 2018 Anheuser-Busch InBev, the world's biggest brewer, will start building a more than two-million hectolitre a year brewery in Mozambique in the second half of next year, the company's Africa head said on Tuesday. The Mozambique investment will look to fend off competition from rival Heineken, which... →

IFC, Gaia partnership working to power Africa

By: Simone Liedtke 1st August 2018 World Bank Group member, the International Finance Corporation (IFC), has forged a new partnership with Moroccan renewable energy developer Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa. Originally developed by Gaia Energy,... →

Turkish steel makers eye exports to West Africa amid US tariff setbacks

By: Reuters 31st July 2018 Turkish steel makers are looking to expand in West Africa and other emerging markets in response to tariffs and planned quotas which threaten their sales to the United States and the European Union (EU), a senior sector official said. Namik Ekinci, board chairperson for the Turkish Steel Foreign... →

Goldplat FY18 financials expected to be in line with market expectations

By: Simone Liedtke 30th July 2018 Aim-listed gold producer Goldplat expects its consolidated profit, before tax, for the financial year ended June 30, to be in line with market expectations, despite Kilimapesa Gold (KPG) having experienced a poor final quarter financially. While Kilimapesa Plant 1 was shut down during the final... →

AECI achieves strong H1 performance

By: Anine Kilian 25th July 2018 JSE-listed AECI on Wednesday reported positive financial results for the six months ended June 30. Together with contributions from the acquisitions of Schirm and Much Asphalt in February and April respectively, AECI increased its revenue by 24% to R10.47-billion and profit from operations by 35%... →

In Senegal, China's President Xi pledges stronger Africa ties

By: Reuters 23rd July 2018 China's President Xi Jinping pledged during a visit to Senegal on Saturday to strengthen economic ties with Africa, a continent already awash with cheap Chinese loans in exchange for minerals and huge construction projects. Xi arrived in Senegal on Saturday for a two-day visit to sign bilateral... →

Tullow Oil to shoulder Kosmos' $65m burden over Ghana rig dispute

By: Reuters 18th July 2018 Britain's Tullow Oil has to cough up around $65-million for Kosmos Energy's share and legal fees over a cancelled rig contract in Ghana, the companies said on Wednesday. A London judge had ordered Tullow this month to pay rig owner Seadrill around $254-million, saying Tullow was wrong to end the... →

Africa must respond to power challenges as a collective

18th July 2018 Massive change is underway in Africa’s power sector, and unless the continent’s power sector adapts to the changes and embraces new models and new technologies, it risks its future profitability, pan-African stakeholders heard ahead of POWER-GEN & DistribuTECH Africa. Dr Willie de Beer, power... →

Africa must respond to power challenges as a collective

17th July 2018 Massive change is underway in Africa’s power sector, and unless the continent’s power sector adapts to the changes and embraces new models and new technologies, it risks its future profitability, pan-African stakeholders heard ahead of POWER-GEN & DistribuTECH Africa. Dr Willie de Beer, power... →

On-The-Air (06/07/2018)

By: Martin Creamer 6th July 2018 Black-controlled mining company Exxaro has hit the high spots with the introduction of South Africa’s first ‘smart’ mine. A strongly black-empowered mining company is taking steps to raise money in London for its modern new phosphates operation in the Western Cape. The Bafokeng community is... →

AFC appoints new president and CEO

By: Marleny Arnoldi 5th July 2018 Infrastructure development finance institution Africa Finance Corporation (AFC) has appointed Samalia Zubairu as the corporation’s third president and CEO, succeeding Andrew Alli. →

Kropz eyeing dual listing

By: Martin Creamer 4th July 2018 Emerging plant nutrient producer Kropz is eyeing a dual listing on the Johannesburg Securities Exchange in addition to seeking admission to trade on the Aim in London, where it intends raising equity capital to fund the completion of its advanced-stage phosphates project in South Africa, cut debt... →

Ramaphosa concludes Mauritania visit, returns home

By: African News Agency 3rd July 2018 President Cyril Ramaphosa has returned home after a working visit to Nouakchott, in Mauritania where he participated and led the South African delegation at the 31st Ordinary Session of the African Union (AU) Assembly of Heads of State and Government, the Presidency said on Tuesday. The AU Summit... →

Hummingbird starts exploration drilling campaign at Yanfolila

By: Simone Liedtke 2nd July 2018 Aim-listed Hummingbird Resources has begun an exploration drilling campaign on its mining permit for its Yanfolila gold mine, in Mali, while simultaneously starting mining at Komana West. The campaign is targeting the conversion of resources to reserves, while extending the mine life of Yanfolila... →

Morocco: it’s fifth time (un)lucky

By: Martin Zhuwakinyu 29th June 2018 The Beautiful Game is obviously the flavour of the month, what with the World Cup currently under way in Russia. So, apologies to those readers of this column who cannot tell the difference between FIFA and Uefa – the focus this week is on matters football once again. Those with more that a... →

Airbus to support Côte d’Ivoire’s aerospace industry development

By: Rebecca Campbell 29th June 2018 Global aerospace major Airbus has signed a Memorandum of Understanding (MoU) with the Government of the Côte d’Ivoire (Ivory Coast) to create a cooperation framework which, in turn, will facilitate the development of the West African country’s aerospace industry. The Côte d’Ivoire Government has... →

Omnia lifts FY18 profit by 12% y/y

By: Anine Kilian 26th June 2018 JSE-listed Omnia Holdings posted positive results for the financial year ended March 31, with group revenue having increased by 7% year-on-year to R17.37-billion, as a result of a stronger performance by the mining and chemicals divisions. Earnings before interest, taxes, depreciation and... →

Petroleum conference renewed for a third year

By: Paige Müller 15th June 2018 The West African International Petroleum Exhibition and Conference (Waipec) will be renewed for a third consecutive year, following an overwhelmingly successful reception from regional and international participants at this year’s second annual conference in Lagos, Nigeria. Petroleum Technology... →

Industry pursuing better management of energy use

By: Jessica Oosthuizen 8th June 2018 There has been a growing trend among South African manufacturing plants to pursue energy reduction and manage its use better, says energy training services provider the Energy Training Foundation (EnTF) training manager Yolanda de Lange. She explains that significant hikes in electricity rates... →

Altus starts exploration at Côte d'Ivoire project

By: Creamer Media Reporter 7th June 2018 Aim- and TSX-V-listed Altus Strategies has started exploration at its 369.5 km2 Prikro gold project, in eastern Côte d'Ivoire. "Prikro is an exciting gold project located in an emerging gold province in eastern Côte d'Ivoire. The licence targets Birimian age metasedimentary belts that are... →

UN, CSIR Africa Waste Management Outlook considers African context

By: Marleny Arnoldi 5th June 2018 The starting point for the ‘Africa Waste Management Outlook’, which was launched by the United Nations (UN) and the Council for Scientific and Industrial Resources (CSIR) on Tuesday, was the global waste management outlook that was published by the UN in 2015. →

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... →

Kodal identifies further lithium intersections at Bougouni

By: Anine Kilian 31st May 2018 West Africa-focused Kodal Minerals has identified further high-grade lithium mineralised intersections at the Sogola-Baoule prospect at its Bougouni lithium project, in southern Mali. "These latest high-grade intersections continue to highlight the potential of the Sogola-Baoule prospect,” CEO... →

African auto industries not viable without policy support

By: Irma Venter 30th May 2018 If African governments do not develop sustainable, long-term automotive industry policies – including policy measures that address the issue of the sale of used vehicles – they will fail to develop automotive sectors within their economies, says African Association of Automotive Manufacturers... →

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