In The Spotlight
Globeleq has completed its acquisition of a 51% equity stake in Zambia’s Lunsemfwa Hydro Power Company (LHPC) from Norfund, the Norwegian development finance institution
The transaction marks a major step in Globeleq’s entry into the Zambian energy market and the South African Power Pool (SAPP) according to Jonathan Hoffman, CEO of Globeleq.
LHPC operates two hydroelectric power plants with a combined capacity of 56 MW and is constructing a 27 MWp solar PV project.
Its growth pipeline includes a 200 MWp solar portfolio and various hydropower expansions.
“LHPC’s strong operational base and ambitious growth plans align with our strategy, providing an operational entry into Zambia and active trading in SAPP,” said Hoffman.
“Combined with our project pipeline, LHPC strengthens our ability to offer tailored power solutions to major consumers in the region.”
Based in Kabwe, Zambia’s Central Province, LHPC supplies electricity to ZESCO, the national utility, under a long-term power purchase agreement and serves private off-takers such as Copperbelt Energy Corporation and Jubilee Metals.
LHPC also holds a SAPP trading license, enabling regional energy trade.
The remaining 49% of LHPC is owned by Wanda Gorge Investments, a Zambian-based infrastructure investment company.
The acquisition of LHPC is a key moment for Globeleq, not only as its first hydropower investment in Africa complementing its existing portfolio of solar, wind, battery energy storage systems (BESS), hybrid solar-plus-BESS, and geothermal assets, but also because it enables active electricity trading within the SAPP.
Globeleq has called Zambia is a “priority market” and recently opened a new office in Lusaka to serve as a local hub for project development, partnerships and commercial activities.
In addition to its LHPC investment, it has made progress with various other projects in the country.
The 40 MWac (56 MWp) Kafue solar project is on track to reach financial close and start of construction during Q1 2026.
The main financing agreements were signed in December 2025 with British International Investment and FMO as joint mandated lead arranger as well as senior lenders, and Standard Bank acting as security trustee.
Globeleq is also advancing the Leopard’s Hill project – a 150 MWac solar PV plant paired with a 150 MW / 600 MWh battery – with financial close targeted later in the year.
“We are delighted to have found the right partner to advance LHPC’s long‑term potential,” said Øystein Øyehaug, investment director at Norfund.
“Globeleq has the expertise and resources needed to enhance LHPC’s performance and drive its future development. This transaction supports our mission to promote sustainable development and expand access to clean energy in Zambia.”
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Get a real-time list of equipment present in a vehicle and see what is missing versus an established vehicle equipment list. Select missing tools on-screen. Quickly home in with proximity-increasing sounds and visuals on a portable RFID reader
Discover the affordable RFID Scan & Drive solution from Brady!
Have you ever arrived at an intervention without the necessary equipment? Ever lost tools during field interventions? How much time do you spend to make sure all equipment is accounted for, and present in your vehicles? Now you can confirm vehicle inventories digitally and automatically, highlight any missing assets, and home in on misplaced items to quickly complete your vehicles. How much time could you save?
Everything present
Instantly see which tools are present in a vehicle - and what is missing. Easily save substantial time per vehicle, per intervention, with automated equipment inventory checks that take only seconds.
By labelling equipment with passive, battery-free UHF RFID labels, we can let an RFID reader in your vehicle detect which tools and items are present. The RFID reader can check detected tools versus a list of expected items to confirm a complete vehicle inventory or to highlight missing equipment on your phone.
Be fully equipped before leaving for a field intervention. Avoid losing tools after interventions. Don’t waste time checking visually where every piece of equipment is. Just scan, get confirmation in seconds, and drive to your next destination.
Home in on assets
Quickly find misplaced equipment. Home in on specific items with a portable RFID reader and proximity-increasing sounds and visuals.
Passive, battery-free UHF RFID labels bounce back radio signals from a portable RFID reader up to 15 metres. By measuring the strength of the returning radio signal with patented data capture technology, our portable RFID readers guide users towards a unique RFID label applied on a specific tool. When closing in, auditive and visual feedback strength from the reader increases.
RFID labels can include an LED, powered by an RFID reader from a 1.5 metre distance, to let a tool light up or to find it in a dense inventory of equipment.

Solution components
Brady develops and manufactures every component in our solution. Tested in in-house laboratories, each component is designed to withstand the wear and tear of field interventions, including exposure to UV, dust and moisture.
- RFID labels: Brady offers industrial grade on- and off-metal RFID-labels and tags that stay attached and remain legible on your equipment.
- Fixed RFID readers: Equipped with patented data capture technology, Brady’s fixed RFID readers collect data on items passing through their read range.
- Portable RFID readers: With intuitive displays, Brady’s portable RFID readers and SLEDs deliver unmatched mobility, data collection and interaction.
Are you interested in automated inventory checks solution from Brady? Visit our website, watch the short video and download the free RFID labelling guidebook.
HAMM's Smart Compact Pro integrates real-time density, boosting asphalt quality and reducing construction costs. (Image source: HAMM)
Roller manufacturer Hamm has introduced the Smart Compact Pro under the motto “Measure it right. Measure it now.”
For the first time, real-time density is being used as a decisive parameter for qualitative assessment and integrated into automated compaction. Smart Compact Pro makes a significant contribution to extending the service life of road surfaces and, in the long term, reduces construction and repair costs, as well as potential additional expenses for the contractor.
Automated compaction with Smart Compact
Despite advances in digitalisation, asphalt compaction has so far been heavily dependent on empirical data and the experience of the roller driver. Consistent double passes and the correct use of dynamic compaction were often dependent on the driver’s knowledge. Since 2022, the Smart Compact digital compaction assistant from Hamm has been simplifying the compaction process in asphalt construction by controlling the compaction modes and forces based on the selected layer type – base, binder or surface course – automatically and separately for both drums.
The system continuously monitors the asphalt’s physical properties, such as temperature and rigidity, as well as its complex cooling behaviour, to ensure homogeneous compaction by applying the optimum compaction energy and modes in each case. There is even the option of incorporating local weather data.
Smart Compact Pro with real-time density measurement: Higher quality, lower costs
Hamm is now expanding Smart Compact to incorporate an essential measured value – real-time asphalt density. Industry experts agree that it is the decisive parameter for qualitative assessment during the compaction process and will become the key indicator for rigorously meeting regulatory requirements and minimising financial deductions.
Smart Compact Pro closes this gap by integrating the new “Realtime Density Scan” sensor into the automated compaction process. It determines the asphalt density in real time by measuring the dielectric conductivity of the asphalt mix to be compacted, therefore forming the basis for the correlation with the asphalt density or the porosity. Both parameters are crucial for self-monitoring or control testing. With the help of real-time density, Smart Compact Pro is able to provide construction companies with a decisive advantage by accurately implementing regulatory requirements.
This can significantly reduce potential financial deductions due to inadequate quality in the construction work and also save costs for premature repairs. Using Smart Compact Pro also significantly reduces the costs for extracting drill cores.
In summary, the world-first integration of real-time density into automated compaction represents a significant step forward for asphalt compaction. Even inexperienced operators can achieve optimal compaction results with Smart Compact Pro, with no need for extensive prior knowledge. This offers a significant boost for construction companies in times of an increasing shortage of skilled workers.
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In the final webinar of its African Review-hosted 2023 campaign, Convergent Group explored its modern, eco-friendly concrete solutions for African projects
Such solutions – delivered to cut maintenance costs by eliminating hazardous silicate products – were showcased by company experts in the form of Jean-Claude Biard, SEO of Convergent Group SA; Mputu Schmidt, former CEO of Convergent Group SA and founder of Bondeko MB (exclusive distributor of Convergent Group in Africa); Carlos Garcia, technical and sales for ADI Group (Spanish distributor for Convergent Group); and Amritpal Singh Sura, external consultant for flooring treatments, former distributor of Convergent products in the Middle East.
“A number of projects we were doing in the Middle East required protection,” remarked Sura. “Longevity of protection requires a system which basically impregnates and becomes a densified surface as opposed to something which is topical and lifts off due to moisture migration. I found that being exposed to Convergent, it was important to stay focused on those systems in the Middle East. Jean-Claude, Mputu and I met several times in Dubai and there was emphasis on providing systems which were affordable and still ending up having a robust, lasting longevity of product. So you are not spending money all the time in order to maintain the finishes which you have already paid for.”
Over the course of the session, the participants guided the audience through the potential of cutting-edge lithium silicate technology for enhancing the protection of concrete surfaces, maximising cost-effectiveness and meeting sustainability targets.
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In a comprehensive webinar hosted by African Review, a panel of professionals associated with Convergent Group explored new generation lithium silicate technology and why it is emerging as the optimum solution for concrete floor protection.
Robert Daniels, editor of African Review, was joined by Jean-Claude Biard, CEO of Convergent Group; Mputu Schmidt, former CEO of Convergent and founder of Bondeko MB, an exclusive distributor of Convergent; Hicham Sofyani, president of Texol; Carlos Garcia, technical and sales for ADI Group; and Marc Puig, commercial manager of Comace Import.
Each providing a unique angle, the panellists combined to provide a masterclass around concrete treatments and the increasing challenges around them, explaining to attendees how to choose the right formula for their requirements and touching on issues such as why lithium densifiers are better than sodium and potassium densifiers.
Throughout the session, those watching were treated to informative case studies showcasing how Convergent eco-friendly products are increasing abrasion resistance, raising ease of maintenance, and ensuring the highest quality gloss retention.
By the end of the webinar, a majority of attendees (many of which had not had much experience with Convergent) expressed their interest in using the company’s new generation lithium silicate technology with the rest indicating their desire to learn more about Convergent and its products. Watch the webinar, in full, to discover why viewers were convinced and learn more about advanced floor care solutions for your operations.
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Presenting on an African Review-hosted webinar, Martin Provencher, global industry principal for mining, metals and materials at AVEVA, explored the digital transformation of mining operations and its impact on sustainability.
“Sustainability is becoming a key aspect for mining operations,” remarked Provencher. “If we look at the latest EY research on the top ten business risks and opportunities for mining and metals globally in 2023, ESG remains at the top. Of course, most companies have environmental goals or are expected to reach a net zero emission by 2050, which is a pretty aggressive target. Many of them are targeting 30% reduction by 2030; seven years from now. So there is a lot of action that needs to take place quickly to get there. It is possible to get there, but we need to make sure we are doing this correctly.”
Fast becoming a huge part of ESG initiatives is fleet electrification where particular progress is being made in underground mines. While some countries are certainly more advanced than others here, Provencher noted that 40% of total emissions from the mining industry come from diesel trucks, making EVs a very attractive low-hanging fruit for companies to pursue.
There are, however, a number of challenges associated with bringing in electric vehicles which remains a barrier for introduction. One of the predominant reasons, is the limited range of EVs against diesel counterparts. To mitigate this, Provencher continued, data management is key and ensuring a strong grasp of real-time information coming in will show operators when machinery needs to be charged, allowing them to plan effectively for maximum efficiency on site.
Indeed, this is but a small advantage that digitalisation can bring to the mining industry as it grapples to meet ESG goals while achieving production targets. By getting a better grip of their data and using it to empower tools such as artificial intelligence, advanced analytics and machine learning, companies can achieve tangible benefits such as reduce downtime, enhance worker safety, cut operating costs and, of course, ensure compliance with environmental regulations and targets.
Through the course of the webinar, Provencher outlined this in more detail and explored AVEVA’s suite of cutting-edge software solutions, specifically designed to help mining companies make progress on their digitalisation journey and empower their operations.
Watch the full webinar, completed with detailed case studies and an insightful Q&A session.
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Convergent, in association with African Review, has held a detailed webinar exploring the usage and effectiveness of lithium silicates and densifiers over traditional methods of concrete surface management which often struggle to meet the increasing challenges posed by concrete surface management.
Convergent experts including Mputu Schmidt, CEO of Convergent; Carlos Garcia, product manager end-user solutions, construction chemicals, Spain and Portugal for the RD Group; Matteo Mozzarelli, CEO of concrete Solutions Italia; and Jean-Claude Biard, global senior executive for the Convergent Group, presented across the session.
Together, they delved into the latest cost-effective application methods for long lasting finishing of concrete that can help reduce maintenance costs and avoid unexpected repair action. In addition, they examined the advancements in technologies that can sustain increased abrasion resistant stains and ensure gloss retention to the highest quality.
As part of the webinar, the representatives explored case studies including a case in DRC where a medical centre had been constructed with a low-quality concrete floor. The customer was considering completely replacing the floor but instead, Convergent put forward a special treatment with its 244+ Pentra-Sil lithium hardener, densifier and sealer. With this solution, Convergent can increase the hardness of a surface by up to 40% and therefore saved the customer significant recuperation costs over a complete replacement. Convergent were happy to report that the solution was perfect for the facility and the customer was pleased to avoid the extra construction work that would have been required for a complete replacement.
Watch the full webinar, including more information about Convergent’s innovative solutions.
Lyra Energy has reached financial close on the 255MW Thakadu solar power project in South Africa
It has also commenced construction of the facility, located on the border of South Africa's Free State and North West provinces.
Lyra is a renewable energy partnership between Scatec, Standard Bank and Stanlib.
“This marks an important milestone for Lyra Energy and the Thakadu project,” said Scatec CEO Terje Pilskog.
“With contracted private sector offtake in place and financing secured, the project is well positioned for construction and delivery.”
The project will be built in two phases, with construction of the first phase now commencing.
The second phase is expected to start construction in the second half of 2026.
The total capital expenditure for the project is approximately ZAR 4bn (US$240mn) and will be financed by a combination of non-recourse project debt and equity from the owners, with a target leverage of 80%.
The senior lender is Standard Bank of South Africa.
Scatec will provide Engineering, Procurement and Construction (EPC), Asset Management (AM) and Operations & Maintenance (O&M) services for the project.
Its EPC-scope corresponds to approximately 80% of total capex.
Commercial operations date for the first phase is expected in the first half of 2027.
Read more:
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RFQ marks first step in private sector participation process to strengthen operations and attract private investment
Transnet SOC Ltd has released a Request for Qualification to begin identifying a private sector partner for its Private Sector Participation project at the Richards Bay Dry Bulk Terminal
The RFQ marks a significant step under Transnet’s Reinvent for Growth Strategy and reflects its intention to formally engage the market to enhance operational efficiency, secure private investment and reinforce the long-term sustainability of South Africa’s freight and logistics network.
The Richards Bay Dry Bulk Terminal serves as a vital export hub for bulk commodities, especially chrome and magnetite. Through the PSP initiative, Transnet aims to harness private sector capital and operational expertise to strengthen reliability and efficiency, enable future capacity expansion and maintain strategic control of the asset.
In addition, the project is expected to create opportunities linked to supplier development, local participation and community upliftment, particularly in the Richards Bay area.
As the first stage of the selection process, the RFQ calls on interested bidders to demonstrate their technical expertise, operational track record, financial strength and compliance with Transnet’s stipulated requirements. Applicants must also present clear and measurable proposals detailing how they will advance community upliftment through the PSP arrangement. Parties that satisfy the qualification criteria may progress to a subsequent Request for Proposal phase.
Transnet has emphasised that the PSP process will be managed transparently and competitively, in full alignment with applicable governance standards and regulatory obligations. Ongoing engagement with key stakeholders, including employees, organised labour and government, will remain central throughout the process.
South Africa has joined the ranks of the African Export-Import Bank (Afreximbank), bringing with it an US$8bn country programme that will target industrialisation efforts in the republic, and support projects in sectors like mining, automotives and manufacturing
It becomes the 54th state to accede to the banking group, marking the formal entry of one of Africa’s largest economies into the Bank’s membership, “heralding deeper financial sovereignty,” an Afreximbank statement read.
The bank called the accession a “historic milestone” as the two partners seek to unlock trade opportunities “within a global financial architecture that is rapidly fragmenting due to protectionist policies and shifting trade blocks.”
The US$8 billion country programme aims to enhance industrial development and regional supply chains and boost intra-African trade and investment flows, Afreximbank said.
“We have put together what we consider an important package of US$8bn for South Africa,” said Dr George Elombi, the bank’s president and chairman.
“The country programme is aligned with South Africa's national development plan 2030 and national industrial and trade priorities, and targets key strategic areas.”
He added that Afreximbank’s current pipeline of projects in South Africa, at different stages of review, already exceeds US$6bn, spanning healthcare, financial services, manufacturing, energy and the industrial and mining sectors.
Leveraging Afreximbank’s trade infrastructure and pan-African reach, South Africa can also more readily diversify export markets and further regional economic integration.
South African President Cyril Ramaphosa called it a milestone in the quest to realise the economic integration of our continent.
“South Africa’s accession to the African Export-Import Bank affirms our commitment to African industrial development and to deepening trade, investment and development across our continent,” he said.
“Once finalised, the South African-Afreximbank country programme will be operationalised with a finance package that will initially support a range of strategic projects across the trade and industrial cluster.”
He said one of those areas to receive immediate effect will be the nation’s Transformation Fund with the aim of supporting more black businesses.
“This partnership will strengthen in more ways than one South Africa’s ability to support South African exporters, industrial projects and regional value chains while advancing our continent’s progress.”
Read more:
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Africa poised for growth despite geopolitical upheaval
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A new report from management consultancy Arthur D. Little warns that rising product portfolio complexity is quietly eroding profitability in the manufacturing sector, constraining digital growth, and limiting operational flexibility.
The study, Rise of Complexity in Manufacturing, highlights that companies must take decisive action to simplify their offerings and leverage modularisation to stay competitive.
“Unchecked complexity is a silent profitability killer,” the report states. “With resources limited and markets increasingly commoditised, companies must reduce product portfolio complexity to drive profitability and innovation.”
Manufacturers often expand product variants to meet customer demand, but without systematic portfolio pruning, these efforts generate hidden costs. Non-customer-facing complexity such as outdated products, excessive SKUs, and intricate internal processes can slow development, reduce scalability, and impede time to market.
The report identifies four key challenges for manufacturers: maintaining profitability amid market commoditisation, differentiating through digital solutions, ensuring supply chain resilience, and balancing legacy systems with emerging technologies such as new materials, battery-powered engines, or alternative fuels.
Arthur D. Little recommends a data-driven approach to complexity, starting with measuring the cost of complexity (CoC) across product lines and functions. A monetary proxy for CoC can capture inefficiencies in development, manufacturing, warehousing, and support, helping firms identify underperforming products for phaseout.
Strategic modularisation is highlighted as a crucial tool for managing complexity. By designing standardised, interchangeable product modules, manufacturers can simplify portfolios, accelerate time to market, and reduce costs while enabling cost-effective customisation.
The report cites Electrolux, which cut component numbers by 40% and reduced development time by 30% through modular design, and Siemens, which applied modularity to its industrial automation systems, reducing design time by 40% and improving scalability.
Arthur D. Little stresses that complexity reduction requires more than technical solutions: it demands cross-functional coordination, strong governance, and a cultural shift away from short-term gains. Companies must embed modular principles in product development, eliminate low-performing products, and ensure that both hardware and software systems are designed with simplicity in mind.
“Reducing product portfolio complexity is not a technical fix — it is a strategic transformation,” the report concludes. “By making complexity measurable, pruning underperforming products, and embedding modular design, manufacturers can release trapped value, improve speed to market, and build more resilient operations.”
The consultancy urges manufacturers to act decisively now, turning awareness of complexity into structured strategies for long-term profitability and innovation.
