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African Review weekly digest - 18th - 22nd September

(Image source: Komencanto/commons)

Here is a brief overview of the week’s news on African Review, from 18th - 22nd September 2017

Africa to develop a mineral resource classification system 

The African Minerals Development Centre (AMDC) is pioneering an initiative to set up an African mineral resource classification (AMREC) system on the basis of the UN frameworks Classification for fossil energy and mineral reserves and resources (UNFC). Click here to read the full story. 

USTDA grants mini-grid projects in Madagascar 

The US Trade and Development Agency (USTDA) has awarded a grant to Malagasy energy company Henri Fraise Fils & Cie for the development and implementation of mini grids in Madagascar. Click here to read the full story. 

Reports show much greater finance needed to achieve global goals to close the electricity access gap by 2030 

Sustainable Energy for All (SEforALL) and partners announced on 18 September in New York, first-of-its-kind research analysing finance flows for electricity and clean cooking access in 20 countries across Africa and Asia with significant access gaps, and how finance strategies could be scaled and refined to reach more people, more affordable, with sustainable energy. Click here to read the full story.

Total partly acquires EREN Renewable Energy to expand its renewable business 

Total will acquire an indirect interest of 23 per cent in EREN RE by subscribing to a capital increase for an amount of €237.5mn (US$282.92mn). The agreement also gives Total the possibility to take over control of EREN RE after a period of five years. Click here to read the full story. 

President Museveni wants Trump to prioritise economic infrastructure for developing countries 

The President said one of the challenges Uganda needed to tackle was electricity but the country did not get cooperation from the western countries in the 1960s, 70s, and 80s. Click here to read the full story.  

GE to help build one of Egypt’s first solar power plants with 1,500-volt technology 

Egypt is rising to become the next solar hotspot. Part of the government’s ambitious sustainable energy strategy is the landmark solar Feed-In Tariff (FiT) program, which sees the utility-scale solar power plants taking off in the country for the first time. Click here to read the full story. 

Africa becoming the dumping ground for eWaste 

A growing amount of computer equipment from Western nations is being found on toxic eWaste dumps throughout Africa and is being pulled apart by children as young as five. Click here to read the full story. 

Dangote Foundation, GBCHealth, join forces to build coalition on health 

Through his Foundation, Dangote has made an unprecedented grant and seed contribution to GBCHealth of US$1.5mn over three years. Click here to read the full story.  

Mitsubishi releases special edition warehouse and forklift trucks for silver jubilee 

Marking 25 years of keeping businesses in Europe, Africa and the Middle East productive, Mitsubishi Forklift Trucks has launched a special 25th-anniversary edition of its award-winning range of warehouse and forklift trucks. Click here to read the full story. 

Societe Generale launches new mobile money solution YUP in Africa 

Societe Generale has introduced new African mobile bank YUP in the Ivory Coast and Senegal, aiming to providing a new alternative to the traditional banking model, with a full range of transactional and financial services even without a bank account. Click here to read the full story.

The ARF 2017 in Morocco to focus on Africa’s renewable energy development 

The Africa Renewable Energy Forum (ARF) is going to take place from 29 November 2017 to 1 December 2017, at the Hyatt Regency Hotel in Casablanca, with focus on driving the development of renewable energy projects across the continent. Click here to read the full story. 

Xodus wins two ESIA contracts in Senegal 

Xodus Group has received two environmental and social impact assessment (ESIA) contracts for projects in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) blocks in Senegal, West Africa. 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)