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African Review weekly digest - Economics and finance special - 31st July - 4th August

(Image source: Komencanto/commons)

Here is a brief overview of the week’s news on African Review, from 31st July - 4th August

Securing financing for home-grown, African companies 

Private equity funding success relies on a dynamic and entrepreneurial approach and the African market is ripe for generating higher returns for investors. African Review's economic correspondent Moin Siddiqi reports. Click here to read the full story. 

Hatz appoint new sales and marketing manager 

Bernhard Richter-Schützeneder is the new director sales and marketing and supervises the restructured sales and marketing teams at Hatz. Click here to read the full story. 

World Bank to fund construction of US$30mn complex in Kenya 

The World Bank announced a grant of US$30mn fund for the construction of a complex in Nairobi in Kenya, which will consist of four office blocks covering 35,000 sq m area, a 500-seater auditorium and a service building. Click here to read the full story. 

Foreign direct investment in African economies within global financial markets 

The commercial connections between financiers, enterprises and emerging economies. Economic correspondent Moin Siddiqi reports. Click here to read the full story.

Heads of State and business leaders to gather once again in Sharm El Sheikh for Africa 2017 

Over 1,000 delegates expected during the three-day forum to discuss and collaborate on African trade and investment. Click here to read the full story. 

How could Africa’s electricity sector become more efficient and affordable? 

Africa continues to lag behind fellow developing regions in installed generation capacity below 100GW and per capita electricity consumption. Economic correspondent Moin Siddiqi reports. Click here to read the full story. 

Dangote Cement records 12.6 per cent sales volume increase across Africa 

Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 per cent increase in sales volume across Africa. Click here to read the full story.

Keeping Africa Moving 

Road transport continues to play a critical role in realising Africa’s full potential. Economic correspondent Moin Siddiqi reports. Click here to read the full story.

The challenges of building an industrial economy in Africa 

The manufacturing sector could boost huge economic growth for the continent but its share of GDP has not moved from around 11 per cent over the last 10 years. Economic correspondent Moin Siddiqi investigates. 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)

(L-R): Dr Diane Karusisi, CEO, Bank of Kigali and Dr Reda Helal, group managing director – processing, Africa and co-head group processing, Network International. (Image source: Network International)

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)

Through the innovative solution, each vessel can fill two tank containers on average between two ports. (Image source: Maersk)

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)

With RFID, assets can be given unique digital identities that enable users to identify and locate them all at once, from a distance, in real time. (Image source: Brady)

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)