African Review weekly digest - 6th - 10th November

Komencanto commons for ATR 307(Image source: Komencanto/commons)Here is a brief overview of the week’s news on African Review, from 6th - 10th November 2017

Konecranes receives repeat order to supply two floating cranes 

Konecranes, Finnish manufacturer and service provider of cranes and lifting equipment, has received a repeat order for two Konecranes Gottwald Model 8 Floating Cranes from Winning Logistics Company Limited in the Q3 2017. Click here to read the full story.  

Ethiopian Airlines group awarded four-star ranking by SKYTRAX 

Ethiopian Airlines, Africa’s largest airline group, has been awarded SKYTRAX four-star certification at a ceremony held in London on 8 November 2017. Click here to read the full story.  

Alfanar closes financing for 50MW Solar PV project in Egypt 

Alfanar has closed the financing for the construction and development of a 50MW solar PV plant which will be located in the proposed 1.8 GW Benban solar complex in Egypt's Aswan province. Click here to read the full story.  

Angola Cables to expand presence in South Africa 

Angola Cables has announced to establish a point of presence (PoP) in Cape Town before the end 2017, aiming to expand its network reach and peering capabilities in South Africa. Click here to read the full story.  

LTE subscriptions in sub-Saharan Africa rise to 310mn by 2023

The Ericsson Mobility Report projects that LTE subscriptions will rise by 47 per cent from 30mn in 2017 to 310mn by 2023 in sub-Saharan Africa. Click here to read the full story.  

Nokia and Vodacom join forces to shape the future of 5G in South Africa 

Nokia and Vodacom have partnered to deploy 5G technology across South Africa to enable Vodacom to enhance digitalisation for the benefit of companies and individuals. Click here to read the full story.  

Abuja statement adopted for economic growth in Africa 

Nigeria has adopted a declaration titled ‘The Abuja statement’ along with the Economic Community Of West African States (ECOWAS), World Trade Organisation (WTO), Friends of Investment Facilitation for Development (FIFD) and participants at the recent trade and investment facilitation partnership forum from 2-3 November 2017. Click here to read the full story.  

New ISO standard aims to reduce mining accidents 

With an aim to understand the precise factor of mining accident and to take preventive measures, ISO technical committee on mining (ISO/TC 82) has developed new ISO 19434 that gives each accident a code to classify them by type and by cause and consequences. Click here to read the full story

NDDC commissions US$10mn roads projects in Nigeria 

The Niger Delta Development Commission (NDDC) has commissioned a number of road projects in Delta state worth US$10mn, which include the Tebu-Gbokoda road in Olero Creek community, Udo-Ajamita road and drainages, Ireto road in Sapele and Uloho Avenue road in Ughelli. Click here to read the full story.  

Diamond Bank to sell its West African banking operations to focus on Nigeria 

Diamond Bank Plc, one of Nigeria’s fastest growing retail banks, has announced to sell its West African banking operations in order to focus on Nigeria’s retail banking opportunity. Click here to read the full story.  

Nigeria to make more policy changes for developing country’s economy: Osinbajo 

After Nigeria ranked significantly in the World Bank’s recent ease of doing business report, Yemi Osinbajo, vice-president of Nigeria, has commended Buhari administration for its reforms and stated that the government will continue its reform agenda to keep improving the nation’s economy. Click here to read the full story.  

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