Africa

Vodafone to sell Egypt business to Saudi Telecom

Vodafone has agreed to sell its 55% interest in Vodafone Egypt to Saudi Telecom for $2.39bn.The parties have also agreed the basis for a long-term partner market agreement, which will includ...... [continue reading]

Gem Diamonds recovers 183 carat diamond from Letseng mine

Gem Diamonds has recovered an exceptional 183 carat white Type IIa diamond from its Letseng mine in Lesotho.The company has also recovered two different high-quality diamonds, one of 89 cara...... [continue reading]

Ausdrill wins $235m Africa contract

Gold developer West African Resources Limited has appointed Ausdrill as the preferred tenderer for the open-pit mining contract for the Sanbrado Gold Project in Burkino Faso. West Af...... [continue reading]

DHL partners with Tetra Pak to create smart warehouse in Singapore

DHL Supply Chain has successfully implemented an integrated supply chain solution for Tetra Pak’s warehouse in Singapore, one of its largest globally. This is the first smart warehouse for D...... [continue reading]

Taste Holdings appoints new CEO

South Africa’s Taste Holdings has appointed its chief operating officer, Dylan Pienaar, as chief executive officer effective on Monday as part of its restructuring.Acting chief executive off...... [continue reading]

President Ramaphosa confirmed to speak at Mining Indaba 2019

South African President Cyril Ramaphosa is set to address mining industry stakeholders at the Investing in African Mining Indaba event. The event which will also celebrate 25 years o...... [continue reading]

Syrah begins commercial production at Balama

Syrah Resources has started commercial production at the Balama graphite operation in Mozambique, southeast Africa, following a review of its monthly metrics. The Melbourne-based com...... [continue reading]

Liquid Telecom to Establish Multi-Billion Rand 4G Network in South Africa

Liquid Telecom South Africa, part of the leading pan-African telecoms group Liquid Telecom, today announced that it will establish a multi-billion Rand 4G network in South Africa. From early 2019,...... [continue reading]

Illovo Sugar SA appoint new Managing Director

Illovo Sugar South Africa have announced the appointment of Ms. Mamongae Mahlare as Managing Director (MD) with effect from 1st March 2018. She succeeds Dave Howells who, after 9 years as local MD,...... [continue reading]

Sappi expands European presence

JSE listed Sappi Limited, a leading global producer of dissolving wood pulp, speciality and packaging papers, graphic (printing and writing) paper and biomaterials, has signed an agreement to acqui...... [continue reading]

Heineken to open $100m brewery in Mozambique

Heineken is to build a $100 million brewery in Mozambique. The factory, scheduled to produce its first batch of beers in the first half of 2019, will give Heineken a substantial...... [continue reading]

Construction work begins on Africa’s tallest building

Construction work has begun on Africa’s tallest building. The 70-floor mixed-use twin tower development dubbed Pinnacle Towers is located in Nairobi’s and will cost US$ 194m to complete. ... [continue reading]

Kenya Airways awarded African airline of the year

Kenya Airways has received an award as Africa’s leading airline at the 24th Annual World Travel Awards held in Kigali, Rwanda.This is the second consecutive year the national carrier is winn...... [continue reading]

Ethio-Djibouti railway project commences full ride trials

Full ride trials have commenced on the Ethio-Djibouti railway project. The trials units are prior to the commencement of passenger and freight services. The railway project was execu...... [continue reading]

redT Makes Key Unit Sales in Africa

redT energy plc (AIM:RED), the energy storage technology company, announces the sale of fourteen units into sub-Saharan Africa, a key growth market for the Company. Fourteen of redT'...... [continue reading]

Datatec agrees $800m sale to SYNNEX

The shares of South African IT firm Datatec soared as much as 27 percent in Johannesburg after the firm announced an agreement to sell US subsidiary Westcon-Comstor’s operations in Nor...... [continue reading]

Congo confirm hydroelectric dam investment

Congo Republic has officially commissioned a $109m hydroelectric dam constructed by Chinese firm Gezhouba Group to boost the oil, agriculture and forestry sectors in the country.The 19....... [continue reading]

Gem Diamonds finds 114-carat diamond in Lesotho

Global diamond producer Gem Diamonds Limited (LSE: GEMD) have recovered a 114 carat, D colour Type II diamond of exceptional quality from the Letšeng mine in Lesotho. The Letšeng min...... [continue reading]

Lucara Diamond Corp appoints new mining contractor at Karowe

Lucara Diamond Corporation has appointed Moolman Mining Botswana ("Aveng Moolmans") as its new mining contractor at it’s Karowe diamond mine in Botswana. Aveng Moolmans, a company forming part of A...... [continue reading]

Ethiopian Airlines records another year of growth

Ethiopian Airlines has ended yet another year of fast and profitable growth in 2016, highlighted by fleet and network expansion as well as significant investment in customer services in the ai...... [continue reading]

Mupani Mine to create up to 1000 jobs

Following completion of a bankable feasibility study, the Impala Platinum Holdings Limited and Zimplats Boards of Directors have given their respective approvals for Zimplats’ main operating subsid...... [continue reading]

Gold Fields invest $1.4bn in Ghana

Gold Fields has triggered a $1.4bn investment at its Damang mine in Ghana to extend the life of the operation and bring it closer to its production target of 1-million ounces a year in West Af...... [continue reading]

GE and Baker Hughes to create new oilfield technology services company

GE has agreed to merge its oil and gas business with Baker Hughes to create a new oilfield technology services company creating annual revenues of $32bn from providing physical and digital technolo...... [continue reading]

Mondi set to expand its presence in Eastern Europe

International packaging and paper Group Mondi has signed an agreement to acquire 100% of Russian packaging company LLC Beepack for €41m. Beepack's plant in Lebedyan (400 km south of...... [continue reading]

Rhodes Food Group to acquire Pakco for R200m

JSE Listed Rhodes Food Group (RFG) is to acquire food product supplier Pakco for R200m. Based in Durban, Pakco is a manufacturer of spices, condiments, instant meals and complementar...... [continue reading]

Resolute raises $150m to develop mining projects in Australia & Africa

Resolute Mining have launched an institutional placement that will raise a minimum of A$150 million. The funds raised via the placement will be used to advance the development of the...... [continue reading]

Volkswagen to increase production in Kenya

Volkswagen continues to drive forward with the regionalisation of the global automotive business. The brand is planning to start CKD production of the Polo Vivo in Kenya at the end of 2016. An agre...... [continue reading]

Bombardier opens new South African production site

Rail technology leader Bombardier Transportation inaugurated its new South African production site and headquarters at an event held in Isando, Johannesburg. The opening ceremony was attended by Tr...... [continue reading]

China to invest R11bn in S.A's automotive sector

The Coega Development Corporation has signed an historic R11 billion investment deal with the Beijing Automobile International Corporation (BAIC), the biggest automotive investment in Africa in the...... [continue reading]

Lycopodium awarded Mako Project contract in Senegal

Lycopodium has been awarded a contract for the delivery of the Mako Project gold processing plant and certain other facilities in Senegal from exploration and development company Toro Gold Ltd (Tor...... [continue reading]

Anglo American restructures management team in South Africa

Anglo American has announced the appointment of Themba Mkhwanazi as CEO of Kumba Iron Ore limited (“Kumba”) following Norman Mbazima’s decision to step down after four years to focus on his role as...... [continue reading]

Ethiopian Airlines signs MoU with Aerosud Group to establish Aerospace Manufacturing Industry in Ethiopia

Africa’s fastest growing airline Ethiopian airlines has signed a memorandum of understanding (MoU) with Aerosud Holdings, a prominent South African Aerospace Manufacturing company, at a ceremony he...... [continue reading]

Woodside to buy ConocoPhillips oil assets in Senegal

Woodside has entered into a binding Purchase and Sale Agreement (PSA) with ConocoPhillips to acquire all of ConocoPhillips’ interests in Senegal for the purchase price of US$350 million, based on a...... [continue reading]

Ascendis Health increases it's European presence

Ascendis Health have bolstered their international growth strategy with the announcement of separate acquisitions of two major European health and care businesses, Remedica Holdings and Scitec Inte...... [continue reading]

Noupoort Wind Farm begins commercial operations

Noupoort Wind plant has achieved its Commercial Operations Date (COD) on schedule and on budget, making it the first wind plant to successfully achieve operation as part of the third round of the R...... [continue reading]

Mondi Group signs an agreement to acquire Uralplastic

Mondi Group has signed an agreement to acquire 100% of Russian company ZAO Uralplastic-N ("Uralplastic") from Joint Stock Company Rusnano and a private investor. Uralplastic operates...... [continue reading]

AfDB grant helps DRC increase access to electricity

The African Development Bank has approved a USD 11 million grant to the Democratic Republic of Congo (DRC) in support of a project to extend affordable electricity coverage within the country as we...... [continue reading]

Transnet unveil positive results despite economic challenges

Transnet has unveiled a positive set of results for the year ended 31 March 2016. This was despite a tough economic environment characterised by weak economic activity which undermined growth in vo...... [continue reading]

Coca-Cola unveils new bottling facility in Mozambique

Coca-Cola Sabco has opened a new world-class bottling facility in Maputo, Mozambique. The plant will be capable of producing 50 million crates of Coca-Cola products every year, risin...... [continue reading]

MTN appoint Rob Shuter as new CEO

MTN have named Vodafone Europe’s CEO Rob Shuter (pictured above) as it...... [continue reading]

Mango CEO departs for fastjet

Low cost African airline fastjet (AIM: FJET) has appointed Nico Bezuidenhout as it’s new CEO. Nico will take up his position and join the Board as an executive director on 1 August 2016. ... [continue reading]

Vodafone extends partner agreement with Afrimax to Zambia

Vodafone and Afrimax Group - a 4G telecommunications operator in sub-Saharan Africa have jointly announced a new Partner Market agreement for Zambia.Under the non-equity agreement, the...... [continue reading]

South Africa's Imperial acquires UK based Palletways Group

Imperial Mobility International, a wholly-owned subsidiary of listed Imperial Holdings, has acquired UK-based Palletways Group and its subsidiaries for £162.9 million (R3.7 billion), subjec...... [continue reading]

Sasol commences drilling of Mozambique PSA licence

Sasol’s field development plan (FDP) for the Production Sharing Agreement (PSA) licence in Inhambane province, Mozambique, has reached an important milestone with the commencement of the drilling o...... [continue reading]

Bruce Cleaver appointed new CEO at De Beers Group

De Beers Group have announced the appointment of Bruce Cleaver as CEO, following Philippe Mellier’s deci...... [continue reading]

Toyota invests R6.1bn in South African Prospection plant

Japanese automaker Toyota, has announced that it has invested over R6,1 billion to...... [continue reading]

Ascendis Health to make two major international acquisitions for R7.3 Billion

Ascendis Health (JSE: ASC) have announced the separate acquisitions of two major European health and care businesses, Remedica Holdings and Scitec International, as the group’s international g...... [continue reading]

Australia's GB Energy to acquire Namibian lithium project

Australian listed GB Energy Ltd (ASX: GBX) has entered into an Option Agreement to acquire a 70% interest in the Bitterwasser Lithium Clay Project (Bitterwasser Project) in Namibia. The Option...... [continue reading]

Vodafone returns to growth

Vodafone's organic sales have returned to growth and beat expectations after a strong performance in the fourth quarter, hiking the final dividend 2% to celebrate completing its Project Spring...... [continue reading]

Mpact open state of the art recycling plant in Wadeville

Minister of Environmental Affairs Ms. Edna Molewa has officially unveiled Mpact Polymers new recycle plant in Wadeville, Germiston. The new bottle-to-bottle facility will produce recycled polyethyl...... [continue reading]

Construction set to begin on Kathu Solar Park project

ENGIE has announced that the Kathu Solar Park project in South Africa, owned by an ENGIE-led consortium with South African partners, has signed a 20-year Power Purchase Agreement (PPA) with Eskom –...... [continue reading]

Clarke Energy secures first project in Tanzania

Clarke Energy and GE’s Distributed Power business have announced that Clarke Energy, GE’s authorised distributor of Jenbacher gas engines, is supplying one of GE’s high-efficiency Jenbacher gas eng...... [continue reading]

Vodafone's mobile money transfer service exceeds 25 million customers

Vodafone's mobile money transfer business M-Pesa has exceeded 25 million active customers, marking another year of accelerated growth for the innovative mobile money transfer service. ...... [continue reading]

Nestle injects R1.2bn into South Africa's economy

Nestlé South Africa officially inaugurated its instant coffee manufacturing plant in Estcourt factory after a R1.2 billion investment into the expansion of the factory. The inauguration ceremony, a...... [continue reading]

Aggreko to supply 200MW of power in Zimbabwe

Aggreko has announced that its Power Solutions business has signed a 3 year contract to provide 200MW of diesel-fuelled power in Zimbabwe. Aggreko's customer is Sakunda Holdings Pty Ltd (Sakunda) w...... [continue reading]

Associated British Foods to buy remaining stake in Illovo Sugar

Associated British Foods has reached agreement with the Board of Illovo Sugar Limited to acquire the 48.65% interest in Illovo that it does not already own. The agreed offer price per share is R25...... [continue reading]

Ford to create 1,200 new jobs in South Africa

Ford Motor Company is investing R2.5-billion ($170 million U.S. dollars) to expand operations in South Africa at its Silverton Assembly Plant in Pretoria, South Africa, to produce the all-new Ford...... [continue reading]

Sumitomo Rubber South Africa invests R2 billion to expand KZN tyre manufacturing plant

Sumitomo Rubber South Africa (SRSA), has announced the commencement of the second phase of its R2 billion investment for the upgrade and expansion of its tyre manufacturing plant at Ladysmith, in S...... [continue reading]

Dubai's Dodsal Group discovers major gas find in Tanzania

Dubai-based Dodsal Group has made a major natural gas discovery in Tanzania and plans to invest an additional $300 million in the country over the next 24 months to support exploration and producti...... [continue reading]

Jean-Sébastien Jacques to succeed Sam Walsh as Rio Tinto chief executive

Rio Tinto chief executive Sam Walsh will retire from the business on 1 July 2016 and will be succeeded by Copper & Coal chief executive Jean-Sébastien Jacques. To ensure a smooth transition, Jean-S...... [continue reading]

First train from new R1 billion SA factory expected in 18 months

The production of the first South African-manufactured commuter train, made up of six state-of-the-art cars – destined for the Passenger Rail Agency of South Africa’s (PRASA) Metrorail network...... [continue reading]

CMR Marine awarded Saldanha Bay LPG Import Terminal contract

Sunrise Energy has awarded CMR Marine, part of Perth based Clough, the Saldanha Bay LPG Import Terminal contract for the construction of the marine facilities and overland pipeline. The sco...... [continue reading]

Vodacom pull plug on R7bn Neotel deal

Vodacom’s proposed acquisition of Neotel’s has lapsed due to regulatory complexities and certain conditions not being fulfilled. Vodacom and Neotel have agreed that the proposed restructured transa...... [continue reading]

Hansford Sensors opens new office in South Africa

Leading UK based manufacturer of industrial accelerometers, Hansford Sensors, is continuing to develop its global business, with the opening of a new office and customer support cent...... [continue reading]

JSE to open new Cape Town office

With Cape Town an increasingly important hub of South Africa’s financial services industry, the Johannesburg Stock Exchange (JSE) is opening a new office in the city to enhance its service to...... [continue reading]

Uganda to construct Largest solar PV plant in East Africa

A 10MW solar PV plant to be constructed in Uganda’s eastern town of Soroti will be the largest solar PV plant in East Africa and is expected to provide clean electricity to 40,000 local households....... [continue reading]

Cell C appoint new service agent

Cell C has announced that Seventy2 Telecommunications, incorporating GloCell Retail as a licensed brand, has been appointed as a new Service Agent for the company. GloCell will service the customer...... [continue reading]

South Africa to invest in new port infrastructure

South Africa has set aside USD442m for new port infrastructure in South Africa.Speaking during the during State of the Nation Address in Parliament, South African President Jacob Zuma announced all...... [continue reading]

African Water Facility to invest in Swaziland water study

The African Water Facility (AWF) has approved a grant of EUR 1.28 million to finance feasibility studies for a multi-purpose dam on a tributary of River Lusushwana in Swaziland. The project will pr...... [continue reading]

WorldRemit announces expansion into Rwanda, Uganda and Zambia

WorldRemit and MTN Group has announced that WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. The launch follows the signing of a g...... [continue reading]

Clairwood Logistics Park set to create thousands of new jobs in Durban

Construction of the ZAR3.5 billion Clairwood Logistics Park is set to begin, ending a three year conflict between Fortress Income Fund and community groups in the south Durban basin. Michae...... [continue reading]

Denel promote high-tech education and training

Matriculants who participated in Denel’s Maths and Science enrichment programmes in Gauteng, Mpumalanga and the North West, received a 100% pass rate in the 2015 year-end exams. The 230 Grade 12 le...... [continue reading]

Reliable performance leads McFadyens to treble its Bell ADT fleet

Scottish civil engineering firm McFadyens Contractors has renewed its relationship with Bell Equipment with the purchase of two Bell Articulated Dump Trucks (ADTs). The latest machines – a...... [continue reading]

City of Cape Town to go green with Public Transport tender

The City of Cape Town is planning to make its public transport system greener by getting electric buses for the MyCiti service. Mayor Patricia de Lille announced that a tender for the procu...... [continue reading]

Renusol enters South African solar market

German PV mounting systems manufacturer Renusol has entered South Africa’s promising solar market. The company supplies its innovative solutions for mounting photovoltaic modules on roofs to South...... [continue reading]

Bushveld Minerals launch new Energy business

Bushveld Minerals Limited (AIM: BMN) has announced the establishment of Bushveld Energy Limited ("Bushveld Energy"), a new business focused on developing and promoting the role of vanadium in the g...... [continue reading]

Safaricom generates over US$3billion to the Kenyan economy

Global consultancy firm KPMG has released its first True Value report in Africa, quantifying the value that mobile service provider Safaricom has delivered to the Kenyan economy.The r...... [continue reading]

Airbus achieves record aircraft sales in 2015

Airbus has exceeded sales targets for 2015, achieving a new record of 635 aircraft deliveries for 85 customers of which 10 are new. These deliveries comprise: 491 A320 Family aircraft; 103 A33...... [continue reading]

Sama Resources obtains Grata License in Côte d'Ivoire

Canadian mining company, Sama Resources has announced that it has obtained a new exploration license contiguous to the Samapleu license to explore for base metals over an 80 square kilometer ("km")...... [continue reading]

New Managing Director to lead Aurecon's Africa business

Aurecon have announced that from 1 January 2016, Ferdi Nell will lead all of Aurecon’s Africa operations as Managing Director, having transitioned out of his previous role as Delivery Centre Manage...... [continue reading]

The PIC finalises acquisition of equity stake in Vodacom

The Public Investment Corporation (PIC) has announced that it has finalised its transaction to acquire the South African Government’s 13.91% equity stake in Vodacom. This is a culmination o...... [continue reading]

Motive to provide educational content to tablet users in South Africa

Technology provider to broadcasters and pay television operators, Motive Television PLC, has announced that it has reached an agreement and signed a Memorandum of Understanding with ABT Africa...... [continue reading]

V&A Waterfront announces R700m ‘Canal District’

The R700 million first phase of a new district at the V&A Waterfront is underway with a corporate head office for British American Tobacco South Africa as the first project in this mixed-use area.... [continue reading]

Noupoort wind farm erects first wind turbines

Noupoort Wind Farm (80MW), in South Africa’s Northern Cape, has announced that it has completed the erection of the first of its thirty-five wind turbines. This is a pivotal point in the construct...... [continue reading]

Actis invests in pan-African food retailer, Food Lover's Market

Actis, a leading emerging market investor, have announced an investment of R760m in Food Lover’s Market, estimated to be the largest independent food retail group in Africa. Actis is acquiring a su...... [continue reading]

Novus Holdings setting the pace with reducing carbon emissions thanks to Sustainable Heating

Renewable energy company, Sustainable Heating, has launched their newest Biomass Steam Plant at Paarl Media Cape in Milnerton, Western Cape. By using renewable energy in their print facilities, the...... [continue reading]

Old Mutual appoints former SA finance minister as non-exec director

Old Mutual has announced the appointment of former SA finance minister, Trevor Manuel as a non-executive Director and member of the Board Risk Committee of the Old Mutual Board with effec...... [continue reading]

Petra Diamonds acquires in interest in the Kimberley Mines in South Africa

Petra Diamonds has acquired an interest in the Kimberley Mines in South Africa from De Beers Consolidated Mines Proprietary Ltd, in a consortium with Ekapa Mining for around $7.2m.The diamon...... [continue reading]

RwandAir puts passengers online with internet and mobile phone devices

RwandAir will become the fourth African airline to choose SITAONAIR as its connectivity provider. RwandAir has two A330s, both of which will be line fitted with mobile phone and Wi-Fi services. The...... [continue reading]

Conveyor Belt Commissioned at South Africa's Lace Mine

DiamondCorp, the Southern African diamond mining, development and exploration company, has reported that installation of the 400 tonne per hour underground conveyor belt system from the first...... [continue reading]

New Contracts To Boost Denel's Armoured Vehicle Business

Denel Vehicle Systems has concluded a contract of more than R900-million with NIMR in the United Arab Emirates for the development and supply of advanced mine-protected vehicles. This contr...... [continue reading]

Afrimat interim profit rises to R109m

Afrimat Limited (“Afrimat”), the JSE-listed black empowered open pit mining group that supplies industrial minerals and construction materials, has released it’s interim results boasting a 24% incr...... [continue reading]

South Africa becomes global renewable energy leader

South Africa has rapidly become a world player in renewable energy and is well on its way to achieving government’s goal of 30% clean energy by 2025, says a new report from the Department of Energy...... [continue reading]

Naspers Sells its stake in Netretail

South African-based global internet and media company, Naspers Limited, has announced a US$201m transaction to dispose of its holdings in Netretail and Heureka to Czech-based investment firm, Rocka...... [continue reading]

Airports Company South Africa signs sister airports agreement with Munich Airport Group

Airports Company South Africa has signed a strategic Sister Airports Agreement with Munich Airport Group. Airports Company S...... [continue reading]

Mining commences at Karma Gold Mine in Burkino Faso

True Gold Mining Inc. has announced that mining has commenced at the Goulagou II (GGII) deposit at the Karma Gold Mine in Burkina Faso. The GGII deposit is the first of six deposits that wi...... [continue reading]

Neotel win top fixed broadband provider award

Neotel have been announced as the winner of the top fixed broadband service in the country at the 2015 MyBroadband Awards, at the annual MyBroadband Conference at Gallagher Convention Centre i...... [continue reading]

Tanzania to construct largest port in East Africa

Tanzania has begun the construction of what it says will be the largest port in East Africa at an estimated cost of $11bn. Supported by China Merchants Holdings International and Oman’s State Gover...... [continue reading]

Ground work commences on Manica Gold mine

Xtract Resources plc (Xtract), Auroch Minerals NL (ASX: AOU) (Auroch or the Company), has announced that Xtract has commenced ground work on the Manica Mining Concession 3990C. Xtract has c...... [continue reading]

Afrimat to buy Cape Lime

JSE-listed company Afrimat is acquiring lime and associated products producer, Cape Lime, which has roots dating back to 1946. The group will acquire both of Cape Lime’s operations, located at Vred...... [continue reading]

Sibanye Gold bids R4 billion for Aquarius Platinum

Sibanye has announced a cash offer of USD 0.195 per share (ZAR 2.66 per share) valuing Aquarius at USD294 million (ZAR4 billion) for the entire issued share capital of Aquarius. The Transaction has...... [continue reading]

Zambia to construct Kabompo Gorge Hydroelectric Power Project

The Government of the Republic of Zambia has signed an Implementation Agreement for the development of the Kabompo Gorge Hydroelectric Power Project at a ceremony held in Lusaka. Represente...... [continue reading]

Brian Molefe confirmed as new Eskom CEO

Cabinet has appointed Brian Molefe as chief executive of power utility Eskom on a permanent basis. Molefe had been acting chief executive since mid-April when he was drafted in from state r...... [continue reading]

Sasol Inzalo Public Limited announces intention to list on JSE

Sasol Inzalo Public Limited has announced its intention to list on the BEE Segment of the Main Board of the stock exchange operated by the JSE. The requisite documentation for listing is curre...... [continue reading]

Kellogg targets African growth

Kellogg Company (NYSE: K) has announced a new, long-term partnership with leading food company Tolaram Africa, significantly increasing Kellogg's presence in the growing African market and advancin...... [continue reading]

Fastjet reports record number of passengers

fastjet operations in Tanzania have reported a record number of passengers in August 2015, carrying a total of 76,741 passengers during the month. The load factor for August was 75%. The in...... [continue reading]

Durban to host Commonwealth Games

The South African city of Durban has been selected as the host for the 2022 Commonwealth Games. The coastal city was the only bidder for the multi-sports event after the Canadian city of Ed...... [continue reading]

Ford Motor Company to begin assembling best-selling Ford Ranger Trucks in Nigeria

Ford Motor Company has announced it will assemble its popular Ford Ranger pickup truck in Nigeria starting in the fourth quarter of 2015 as part of its expansion in Middle East and Africa. Nig...... [continue reading]

Dangote invests in new African cement plants

Dangote Cement has revised its 2015 spending plans to $1 billion from the $700 million estimated nine months ago after commissioning two new African plants in June. The company, also Africa...... [continue reading]

SkyPower and Kenya to build 1GW solar project

SkyPower, the world’s largest developer and owner of utility-scale solar photovoltaic (PV) energy projects, has signed a landmark agreement with the Kenyan Ministry of Energy and Petroleum for...... [continue reading]

KPC set to construct new oil pipeline in Kenya

Kenya Pipeline Corporation (KPC) is yet to construct a 450Km pipeline from Mombasa to Nairobi that will help them meet the rising demand for fuel in the market and complement the existing line and...... [continue reading]

South Africa sells Vodacom shares to fund Eskom investment

The South African government has sold its entire stake in Vodafone’s African unit, Vodacom for around R25 billion, raising funds for state-owned power utility Eskom amid a countrywid...... [continue reading]

RwandAir agrees loan deal for two new Airbus jets

RwandAir has signed a deal with a regional African bank for a $160 million loan as part of the financing to buy two aircraft from Airbus.The loan will be arranged by the Eastern and Southern...... [continue reading]

Ghana's Tema port expansion received $1.5bn finance boost

The Tema port expansion in Ghana has received a US$1.5bn finance boost. This was revealed during the signing of the 35-year Concessionary Agreement between the Ghana Ports and Harbours Autho...... [continue reading]

Building Energy awarded South African renewable energy contracts

South Africa has named preferred bidders for the fourth round of a series of renewable energy projects, that will add about 1,000 megawatts (MW) of power to its ailing grid. Africa's mo...... [continue reading]

Cape Town remains number one destination for business events in Africa

Cape Town has retained its position as the number one destination for business events in Africa, according to the latest International Congress and Convention Association (Icca) Country and City ra...... [continue reading]

KenGen wins award for best African Energy Company of the year

Kenya’s largest power producing company- KenGen has triumphed in scooping the title of the best Africa Energy Company award for 2014/15 in an event that was made up of utility companies in Africa.... [continue reading]

South African government to retain controlling stake in Eskom

Finance Minister Nhlanhla Nene has said that government will retain a controlling stake in struggling state utility Eskom, adding that power shortages were the biggest risk facing the eco...... [continue reading]

World Bank approves $45m loan for Tanzania to improve mining sector

The World Bank has approved a $45 million loan for Tanzania, Africa’s fourth-biggest gold producer, to help improve its mining sector especially among small-scale producers.The funds will he...... [continue reading]

SunEdison awarded contract to build 86 megawatt solar power project in South Africa

SunEdison, the best-performing US solar company, has been awarded a contract to build an 86-megawatt power project by the South African government.The company will build the Droogfontein 2 s...... [continue reading]

SANRAL given R12.5bn cash injection

The South African government has pumped a cash injection of R12.5 billion into the beleaguered SA National Roads Agency (Sanral) for operations on non-tolled roads.This comes amid faile...... [continue reading]

Dangote planning to invest $2.5bn in Gas pipeline

Africa's wealthiest man, Aliko Dangote plans to quadruple the supply of gas to Nigeria by building pipelines that maybe be backed by Carlyle Group LP and Blackstone Group LP, the world’s...... [continue reading]

SunPower Breaks Ground on 86-megawatt Prieska Solar Power Plant in South Africa

SunPower has announced that it has begun construction on the 86-megawatt peak (MWp) Prieska solar power plant in South Africa's Northern Cape province. Expected to be fully operational in 2016, the...... [continue reading]

Construction begins on Wrigley's $63m chewing gum factory in Kenya

Construction has started on a new chewing gum manufacturing factory worth US$ 63m in Kenya by Wrigley, American chewing gum manufacturing company. This initiative has been commenced so as to b...... [continue reading]

Exxaro unveils R250m water treatment plant at Matla Coal Mine

A new R250 million water treatment plant at the Matla coal mine, operated by Exxaro Resources Limited (Exxaro) in Mpumalanga, is set to reduce the safety risk posed by large quantities of water tha...... [continue reading]

Muhammadu Buhari elected President of Nigeria

Three decades after seizing power in a military coup, Muhammadu Buhari has become the first Nigerian to oust a president through the ballot box, putting him in charge of Africa's biggest economy an...... [continue reading]

Ethio telecom launches the Fourth Generation Long-Term Evolution (LTE) service in Ethiopia

Ethio telecom has launched the Fourth Generation (4G) Long-Term Evolution (LTE) service in line with the company’s commitment to avail modern and state of the art technologies to all its customers....... [continue reading]

Britain gives Zimbabwe $72 million to help increase food production

Britain has given Zimbabwe $72 million to help increase food production by rural farmers over the next four years, as the southern African country faces the prospect of poorer harvests this year du...... [continue reading]

Louis Berger wins $7.6 million project to boost transportation in Southern Africa

The Sub-Saharan Regional Pipeline Corporation, Ltd. (SSRPC) recently selected Louis Berger to provide $7.6 million in consultancy services for the rehabilitation of National Road N303 in Mozambique...... [continue reading]

AngloGold Ashanti installs turbines to boost mine power

Gold miner AngloGold Ashanti is installing turbines in underground mines to boost energy regeneration, as part of a strategy of recovering electricity without spending significant amounts of capita...... [continue reading]

South African Finance Minister Nene announces R17bn tax increase

South African Finance Minister Nhlanhla Nene will gather in around R17 billion from the income tax and fuel levy increases he announced in his budget. The minister warned, when delivering...... [continue reading]

Zambia Sugar PLC invests in major sugar project

Zambia Sugar, a majority-held subsidiary of the Illovo Sugar Group, has announced details of a major investment project at its Nakambala sugar operations at Mazabuka which will give further impetus...... [continue reading]

South Africa to begin construction work on 3 new Wind Power Farms

Construction works on three new South African wind farms are set to begin this month. This is after a financial close for the projects was reached for the third window bid, which is under Renewable...... [continue reading]

ACSA Investing in Solar Energy at Regional Airports

Airports Company South Arica (ACSA) has called on interested parties to bid for the design of two 500 KWp photovoltaic (PV) solar plants, for installation at its Upington International and its Kimb...... [continue reading]

Kenya fuel terminal to undergo US$ 52m expansion

Kenya Pipeline Company’s (KPC) fuel terminal in Nairobi is set to undergo a US$ 52m expansion involving construction of a 450-kilometre pipeline to enable it hold extra petroleum products onc...... [continue reading]

Tshwane planning $0.78bn investment

The city of Tshwane is working towards construction of new houses and resurrecting its power generation capacity to meet increasing demand.The city has come up with a US $0.78bn housing deve...... [continue reading]

Phase 1 of Modderfontein City project begins

The first phase of the $7.25bn Modderfontein city construction project located in North-Eastern Johannesburg has finally begun. According to the property developers Shangai Zendai, several electric...... [continue reading]

Coega Development Corporation announces agro-processing multi-user facility for Eastern Cape

THE Coega Development Corporation (CDC) today announced plans for the development of a R86-million (US$ 7,4-million) agro-processing multi-user facility that will be located in the Coega Industrial...... [continue reading]

Ethiopia's rising economy raises Heineken's hopes for growth in beer market

Heineken is betting on Ethiopia's rising incomes to fuel rapid expansion of the beer market in Africa's second most populous country.... [continue reading]

CAMAC Energy Terminates the Northern Offshore Energy Searcher Drilling Rig Contract

CAMAC Energy, an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa has announced it has terminated its contract with Northern Of...... [continue reading]

Safaricom slashes roaming rates in Africa, Europe & New Zealand

Following successful negotiations with its global network of partners and regional governments, Safaricom has announced significant reductions in roaming rates for its subscribers. The...... [continue reading]

Shell to pay $83m to settle Nigeria oil spill claims

Royal Dutch Shell will pay out 55 million pounds ($83.4 million) in compensation for two oil spills in Nigeria in 2008 after agreeing a settlement with the affected community.The largest eve...... [continue reading]

Sahara Group to build thermal power plant in Ghana

The Sahara Group, an energy conglomerate based primarily in Nigeria, has disclosed plans to build a 2,000 megawatt (MW) thermal plant in neighbouring West African country, Ghana, in order to improv...... [continue reading]

Ethiopia to spend $64.5 on 3 new airports

The Ethiopian Airports Enterprise (EAE) is planning to construct three new airports in Ethiopia. The project is expected to cost US$ 64.5m.A contract of agreement was signed Friday last week...... [continue reading]

KenGen seeks bids for design and construction of 210 MW geothermal power projects

Kenya Electricity Generating Co (KenGen) is seeking bids for the design and construction of two geothermal power plants with capacity totalling 210 megawatts (MW).The plants will be built in...... [continue reading]

Vestas receives order for largest wind power plant in Africa

Vestas has received an order for 365 V52-850 kW turbines for the 310 MW Lake Turkana Wind Power project in Kenya. The order is the largest in Vestas’ history i...... [continue reading]

Zimbabwe engages private players to ease power outages

The Zimbabwe Power Company said it had embarked on least cost power generation expansion projects to boost the country’s electricity.In a statement, the power utility said it had embarked on...... [continue reading]

JDR WINS STEEL UMBILICAL ORDER FOR WEST AFRICAN DEEP-WATER FIELD

Royal Niger Emerging Technologies, a leading Nigerian oil & gas service company, has awarded JDR a fast track contract supporting the West African Abo project for the manufacture of a 1.55 km hybri...... [continue reading]

African Minerals begins shutdown of core Sierra Leone business

Iron ore mining company African Minerals has started to shut down its operation in Sierra Leone, the main focus of its business, because it does not have enough working capital, it said on Monday.... [continue reading]

APM Terminals Signs Expansion Plan for Tema

APM Terminals has signed a Memorandum of Understanding (MOU) with the Government of Ghana, representing a private investment in excess of USD $1 billion for the expansion of Tema Port. Th...... [continue reading]

Steinhoff to buy 92% stake in Pepkor for $5.7bn

South African furniture firm Steinhoff International said on Tuesday it will buy a 92% stake in clothing retailer Pepkor, in a $5.7 billion cash and share deal that gives it exposure to the fast-gr...... [continue reading]

Software upgrade helps Swaziland utility bring more reliable power to its citizens

ABB has signed a significant software license agreement with Swaziland Electricity Company (SEC), the government-owned provider of electricity generation, transmission and distribution to the Kingdom...... [continue reading]

Construction work begins on Grosvenor Square in South Africa

Construction of the Grosvenor Square worth US$10.95m has begun. The office park will be located at the Century City in Cape Town and will target small and medium tenants.This construction pr...... [continue reading]

Vodafone to launch services in Uganda via Afrimax tie-up

Britain's Vodafone has signed a deal with African telecoms provider Afrimax to provide voice and data services under the Vodafone Uganda brand, to increase its presence on the continent.The...... [continue reading]

Spanish company opens $26m wind turbine facility in South Africa

GRI Renewable Industries, wind industry division, opened its new wind tower factory in Atlantis, Cape Town, South Africa. The project provides employment to over 200 people, supplying the South Afr...... [continue reading]

Mozambique to construct a new port city

Mozambique’s state petroleum company, Cabo Delgado Ports, will invest in construction of a new port city to assist development of natural gas discoveries in the country.The planned is an ind...... [continue reading]

BHP Billiton Donates US$ 400,000 to Ebola Response in West Africa

In response to the widespread devastation caused by the Ebola outbreak in West Africa, BHP Billiton Sustainable Communities has donated US$400,000 to the Pooled World Health Organisation (WHO) Ebol...... [continue reading]

Nigerians are selling unused items worth $526 million on MoboFree.com

MoboFree.com, the leading African social marketplace announced that the total volume of items currently for sale in its marketplace is worth $526 million and is expected to reach USD 1.5 billi...... [continue reading]

Standard Bank report confirms growth in Africa's rising middle class

Africa has experienced substantial growth in its middle class over the past 14 years, according to a study by Standard Bank. The report, entitled ‘Understanding Africa’s middle class... [continue reading]

Vodacom Business expands data centre capacity

Vodacom Business is officially opening its eighth data centre in South Africa – a 3000m2 facility in Midrand, Gauteng that has been built in line with the company’s green philosophy and...... [continue reading]

Vodacom empowers Western Cape youth with ICT resources

In an attempt to help tackle skills development and job creation, Vodacom has embarked on an initiative to help e...... [continue reading]

JSE transforms brand identity

The Johannesburg Stock Exchange (JSE) revealed its new brand which demonstrates the bourse’s identity as a modern African marketplace that connects investors to growth opportunities globally. ... [continue reading]