twitter Facebook Linkedin acp Contact Us

African Review weekly digest - 14th - 18th August

(Image source: Komencanto/commons)

Here is a brief overview of the week’s news on African Review, from 14th - 18th August  2017

Africa Progress Panel: "Increased off-grid and mini-grid investments could solve Africa’s electricity crisis" 

African governments and their partners need to move faster to bridge the continent’s huge energy gap. That means adopting every available solution, on and off the grid, according to a new report from Kofi Annan’s Africa Progress Panel. Click here to read the full story. 

Growing opportunities for foreign investment in Africa’s hospitality sector 

The emerging markets are set to post faster growth in revenue than their counterparts in developed countries, making them integral to the expansion strategies of some of the world’s leading hotel developers. Click here to read the full story.  

EMC3 Chairman Baba Epega announces US$100mn project bringing motorsport to Nigeria 

West Africa’s first motorsports racetrack and leisure park is set to be open in a US$100mn project. Click here to read the full story.

Angolan beverage plant gets approval for development

Grupo Sun Ocean Lda is a project in Angola’s beverage sector with capacity to produce, package and distribute juice, water and wine with significant capacity to contribute to positive economic and social impacts in Angola. Click here to read the full story.  

Lagos slows as travel to Africa displays double-digit growth 

An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air is cutting 53 per cent of its seats for the rest of 2017. Click here to read the full story. 

IMF completes 2017 Article IV mission to Mauritius 

An International Monetary Fund (IMF) mission led by Amadou Sy visited Port Louis and Ebène during 31 July – 15 August 2017 to conduct the discussions for the 2017 Article IV consultation with Mauritius. Click here to read the full story. 

US support industrialisation and regional value chains in Sub-Saharan Africa 

AGOA is a unilateral Act of Congress that was introduced in 2000 to provide duty-free quota-free treatment for over 6000 tariff lines into the United States market. Click here to read the full story.  

LUX implements 100 per cent renewable energy production project on Ile des Deux Cocos property 

The 20kWp project’s state-of-the-art design and storage solution will allow for 11 hours of utilisation daily and fulfill self-sufficiency of the property including during night-time. Click here to read the full story.

US applauds peaceful Kenyan elections 

Heather Nauert, the Department Spokesperson for the US Department of State, has released this statement, following the Kenyan presidential election which took place on last week. Click here to read the full story. 

The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development, says IRENA. (Image source: IRENA)

World Bank & African Development Bank partner to provide electricity access to 300 million Africans by 2030, leveraging public-private investments. (Image source: Adobe Stock)

At WFES, Gotion High-tech will showcase its latest products and leading green energy solutions at its booth. (Image source: Gotion High-tech)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

SSAB will begin deliveries of the new products in 2026.

The key issues restricting sub-Saharan Africa’s manufacturing sector will be unpacked at Manufacturing Indaba later this year. (Image source: Adobe Stock)

Hyphen is developing sub-Saharan Africa’s largest, most advanced and only fully-vertical integrated green hydrogen project. (Image source: Hyphen)

According to Liebherr, the Used Equipment Marketplace is extremely user-friendly. (Image source: Liebherr)

Electricity storage will be pivotal in unlocking renewable projects and meeting energy demand. (Image source: Adobe Stock)

Africa Data Centres and DPA SA have broken ground on their solar farm in the Free State. (Image source: Africa Data Centres)

A Cat PM310 Cold Planer in action. (Image source: Caterpillar)

A larger stockholding of WEG products facilitates ready access for customers. (Image source: WEG Africa)

African nations have turned to the concept of power pools to address the continent's energy deficit and foster regional cooperation. (Image source: Synergy Consulting)

Dietmar Siersdorfer is expanding his role as Middle East managing director at Siemens Energy to include Africa. (Image source: Siemens Energy)

The Msikaba Bridge has anchor blocks 17 m wide which contain around 21,000 tons of concrete. (Image source: Sanral)