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Azito power plant in the Ivory Coast (Image source: African Development Bank)

Energy

Ivory Coast has formally approved a tranche of power projects, including the 470 MW Taboth plant, led by Genser Energy, as it seeks to bolster national energy supplies

The various projects were approved at a 5th August Council of Ministers meeting in Abidjan, chaired by Ivorian president Alassane Ouattara.

The list includes a concession agreement for the Taboth project, comprising the design, financing, construction, full ownership, operation, maintenance and transfer of ownership for a 470 MW combined cycle power plant.

Headquartered in Washington, D.C., Genser Energy is an independent, private energy firm with operations across West Africa.

The project is in addition to the Atinkou 390 MW gas power project — also known as CIPREL V — located in Taboth village, Jacqueville, which is now fully operational.

Separately, Ivorian officials signed off a decree for the provision of rental and operation services of a 225 MW floating electricity production unit in Abidjan.

An agreement for the provision of services for the rental and operation of a modular thermal power plant, with a cumulative capacity of 40 MW, in Attakro and Abrobakro, was also approved by officials.

Few details were provided on these projects, though a statement issued by the Presidency, flagged “the POWER 32 Convention on a combined cycle thermal power plant of about 225 MW” and “the PIPS Convention on a modular thermal power plant of 40 MW.”

The trio of projects reflect moves to lift generation capacity in the West African country in response to demand; together, the plans and projects bring a cumulative 735 MW of power generating capacity.

“As part of the government’s electricity generation fleet development policy, private operators have been encouraged to submit offers for the financing, design, construction, operation and maintenance of new production units and related infrastructure, in order to meet the strong growth in energy demand observed in recent years,” the official statement noted.

Heavy investment is also going into the country’s transmission and distribution infrastructure.

In May, the African Development Bank and Islamic Development Bank approved almost €20mn in funding to extend electricity access to more than 100,000 households and improve service delivery across 18 regions.

Abidjan has an ambition to achieve universal access to electricity by 2030.

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Uganda to get new Karuma Bridge (Image source: Adobe Stock)

Construction

Japan’s Zenitaka Corporation has signed a contract with Uganda for the new Karuma Bridge project

The new bridge will replace the existing ageing structure and is expected to improve transport and trade links to northern Uganda, South Sudan, and the wider region.

Groundbreaking works are scheduled for September 2026, with civil construction works expected to commence the following month.

The contract was signed in Tokyo recently by Osamu Tanabe on behalf of Zenitaka Corporation, the main contractor for the project, and Isaac Wani, Commissioner for National Roads at Uganda’s Ministry of Works and Transport.

The signing followed the issuance of the Notice of Award by the Ministry of Works and Transport to Zenitaka Corporation as the most responsive and successful bidder for the civil works.

Zenitaka Corporation, which will work alongside Oriental Consultants Global, the project consultants, previously delivered the Jinja Nile Bridge under Japanese funding.

Speaking at the Tokyo event, Wani highlighted the strategic importance of the new Karuma Bridge in restoring safe and efficient movement along the Kampala-Gulu highway.

He noted that the bridge will strengthen regional connectivity, support trade and investment, improve access to essential services, and enhance the resilience of Uganda’s national transport network.

Wani also expressed appreciation to the Japan International Cooperation Agency (JICA) and the Japanese government for their continued support through the Official Development Assistance (ODA) Grant Aid programme, which has enabled the implementation of key infrastructure projects, including the new Karuma Bridge.

Tophace Kaahwa, Uganda’s Ambassador to Japan, described Japan’s support as a “clear demonstration of the strong and cordial bilateral relations between Uganda and Japan.”

She also emphasised the need to further consolidate the partnership for the mutual benefit of both countries.

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Aramac mining equipment (Image source: Aramac)

Mining

French mining equipment firm Aramine is targeting growth in Africa with the establishment of Aramac, a standalone company dedicated to the design, manufacture and distribution of underground mining equipment

The new company brings together an equipment business that has been developed over more than 20 years, while Aramine will continue to focus on its spare parts and components operations.

“Aramac combines the agility and ambition of a start-up with more than five decades of industrial expertise,” said Marc Melkonian, Aramac’s co-president.

“We are building the future of underground mining on solid foundations, driven by innovation, customer proximity and a clear vision for the years ahead.”

In a statement, Aramac stated that it aims to become a leading manufacturer for underground mining operations with cross-sections of up to 16 square metres.

Its story began in 2008 with the launch of the L130E loader, its first machine, designed for narrow-vein operations and built around pioneering cable-electric technology.

Since then, Aramac has delivered more than 500 machines in 34 countries, steadily expanding into a complete range of loaders and trucks recognised worldwide for reliability, robustness and innovation.

This pioneering spirit carried through to 2016, when Aramac became one of the industry’s first movers in battery-powered mining equipment with the launch of the L140B loader, its first battery-electric loader.

Today, the battery-electric range spans three loaders from 1.3 to 6.2 tonnes, with a battery-electric truck soon to be added, and Aramac also offers autonomous equipment already operating in production mines.

Complementing its own product range, it also distributes specialised underground mining equipment from leading manufacturers: these include Lorenzana, whose portfolio covers explosive charging systems and concrete spraying equipment, as well as, in West Africa, Atlas Copco air compressors and Astec crushing solutions.

The creation of the new entity is accompanied by a dedicated organisation bringing together engineering, manufacturing, sales, after-sales service, training and support functions under one unified identity.

“This new structure will accelerate the development of new products, strengthen customer proximity and support the company’s international growth,” the statement noted.

Aramac is also preparing to open a new headquarters in 2027, located close to its current production facility in Gardanne, south of France, on a former mining site.

The launch also brings with it a new visual identity that will be progressively rolled out, together with a soon-to-be-launched dedicated website.

“The creation of Aramac is a natural continuation of the vision that has guided Aramine for more than 50 years: supporting mining operations with increasingly efficient solutions tailored to the realities of the field,” the statement added.

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Bolt Business thriving in Nigeria’s corporate sector (Image source: Bolt)

Logistics

Bolt Business, the corporate mobility solution from Bolt, has reported double-digit growth in Nigeria over the past year

The company said in a statement that it underscores increasing demand from firms seeking smarter, more efficient ways to manage employee transportation and business travel.

Over the past 12 months, growth was driven by expanding adoption across multiple industries, a rise in demand from small and medium-sized enterprises (SMEs), and an increasing number of organisations seeking alternatives to managing in-house transport fleets.

“Businesses today are looking beyond transportation, they’re looking for smarter ways to optimise operations and manage costs,” said Isaac Iroko, country manager, Bolt for Business Nigeria.

“We've seen organisations across different sectors embrace Bolt Business because it gives them a simple, reliable and transparent way to manage employee travel, whether it's daily commutes, client meetings or business trips. This growth demonstrates that corporate mobility is becoming an increasingly important part of business efficiency in Nigeria.”

Bolt Business serves organisations across a range of industries, including financial services, technology, healthcare, professional services, manufacturing, logistics, media, real estate and fast-growing consumer businesses.

Its client portfolio includes the likes of First Bank, Access Bank, PricewaterhouseCoopers, Boston Consulting Group, Interswitch, Glovo and Pfizer Specialties.

Others clients include Chowdeck, Premium Times Centre for Investigative Journalism, News Central, IWOSAN Lagoon Hospitals, Avon Healthcare, UAC Foods, MRS, China Harbour Engineering Company Nigeria, CAPPA & D'Alberto and ValueJet.

In its statement, Bolt Business said its recent growth reflects a broader shift in how Nigerian businesses approach corporate mobility.

Rather than maintaining expensive vehicle fleets or relying on fragmented transport arrangements, more organisations are adopting digital mobility platforms that offer greater transparency, control and operational efficiency.

Unlike traditional fleet management, Bolt Business enables companies to centralise transportation through a single platform, providing features such as centralised billing, trip reporting, spending controls and real-time visibility into employee travel.

These capabilities help businesses improve oversight while reducing the administrative burden associated with corporate transportation.

The company intends to strengthen relationships with existing customers by introducing solutions tailored to industries with frequent employee mobility needs, including healthcare, financial services, legal services and logistics.

“Nigeria's business landscape is evolving rapidly, and organisations are under increasing pressure to operate more efficiently,” Isaac added.

“We see a significant opportunity to help businesses replace inefficient transport processes with smarter mobility solutions that improve visibility, simplify expense management and support business growth. Our focus remains on building products that create value for organisations of every size while delivering a seamless experience for their employees.”

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Africa can still thrive amid global geopolitical upheaval (Image source: Adobe Stock)

Finance

Africa has an opportunity to convert geopolitical tensions and shifting global trade patterns into a catalyst for industrialisation and long-term economic resilience, according to a new Afreximbank report

Leveraging Geopolitics for Trade and Industrialisation in Global Africa examines trade and economic developments across the continent and globally, and outlines strategies for African nations to benefit from supply chain realignments and changing geopolitical dynamics.

“Africa stands at a critical juncture,” said Dr Yemi Kale, group chief economist and managing director of research and trade intelligence at Afreximbank.

“Geopolitical tensions and economic fragmentation are reshaping global trade patterns, but they also present a historic opportunity for the continent. By strategically leveraging these shifts, Africa can build a more resilient, competitive and inclusive economic future.”

Despite a challenging global backdrop, the report highlights Africa’s strong recent economic performance.

While global economic growth slowed to 3.4% in 2025 and is projected to ease further to 3.1% in 2026, Africa’s real GDP growth accelerated from 3.4% in 2024 to 4.5% in 2025, outperforming the global average.

Africa’s merchandise trade also expanded by 6.1% to approximately US$1.5 trillion, while aggregate inflation fell significantly from 21.6% in 2024 to 13.1% in 2025.

According to Afreximbank, these gains reflect improved macroeconomic management, ongoing policy reforms and the role of development finance institutions in supporting economic stability.

However, the report warns that significant structural challenges remain.

Africa’s trade finance gap is estimated at approximately US$74bn in 2025, limiting the continent’s ability to fully capitalise on trade and industrial opportunities.

The situation is compounded by foreign exchange constraints and a continued decline in correspondent banking relationships.

The report also notes that evolving shipping routes and persistent disruptions in global logistics networks are increasing freight costs and extending delivery times, particularly for economies dependent on imported inputs and external markets.

To strengthen resilience, Afreximbank identifies accelerated implementation of the African Continental Free Trade Area (AfCFTA), expansion of the Pan-African Payment and Settlement System (PAPSS) and reforms to the global financial architecture as key priorities.

The report notes that stronger industrial ecosystems, increased intra-African trade and sustained financial support will be critical if the continent is to transform geopolitical disruption into sustainable and inclusive economic growth.

“It is imperative for the continent to act decisively to strengthen regional value chains, deepen industrial capacity, expand access to trade finance, and accelerate continental integration,” said Kale, adding that Africa “cannot afford to delay.”

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Arridex Launches West Africa’s first additive manufacturing hub. (Image source: Adobe Stock)

Manufacturing

Arridex has officially commissioned its Omnifactory in Lagos, marking the launch of West Africa’s first multi-technology industrial additive manufacturing facility

The commissioning ceremony was led by Babajide Sanwo-Olu, governor of Lagos state, and brought together senior government representatives, industry stakeholders, members of the diplomatic community and investment delegates participating in the Invest Lagos 3.0 forum.

The Invest Lagos delegation featured participants from the forum’s panel discussion on The Future of Technology and Innovation, where Kayode Adeleke, group CEO of Arridex, highlighted the importance of technology and innovation in advancing Africa’s industrialisation. His insights were shaped by Arridex’s operational experience across sectors including oil and gas, maritime, aerospace, defence, construction and manufacturing.

The Arridex Omnifactory brings together several additive manufacturing technologies within one facility, including Laser Powder Bed Fusion (L-PBF), Cold Spray, Fused Filament Fabrication (FFF) and Selective Laser Sintering (SLS). The facility enables the production of industrial components, spare parts and enhanced part designs for critical industries, while its large-format manufacturing capabilities support the creation of full-scale marine components and other large industrial structures.

The commissioning of the Omnifactory represents the transformation of two decades of accumulated expertise into a dedicated industrial manufacturing platform. Arridex commenced operations in 2005 as an asset integrity company serving Nigeria’s oil and gas industry before expanding its capabilities into maritime, defence, construction, technology and aerospace sectors. The company has achieved zero lost-time incidents across more than seven million operational man hours.

The next chapter of global manufacturing can be written from Lagos

For Nigeria and West Africa, the Arridex Omnifactory addresses long-standing challenges associated with dependence on imported industrial components. Companies operating ageing infrastructure have often faced extended procurement timelines, complex international supply chains and the growing challenge of sourcing legacy parts from manufacturers that may no longer exist. Through the Omnifactory, Arridex will enable these components to be manufactured on demand within Lagos.

Arridex has received Pioneer Status in additive manufacturing from the Nigerian Investment Promotion Commission (NIPC). The company is also the first organisation qualified by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for additive manufacturing deployment in the oil and gas sector. In addition, its joint venture partnership with the Defence Industries Corporation of Nigeria (DICON) supports the local production of military-grade additive manufactured components.

Further strengthening its position in the global additive manufacturing ecosystem, Arridex is the first African member of the Additive Manufacturer Green Trade Association (AMGTA). The company is also a Designated Strategic Partner of the Commonwealth Enterprise and Investment Council (CWEIC), with Kayode Adeleke serving on the CWEIC Global Advisory Council.

"Today, I opened West Africa's first multi-technology industrial additive manufacturing facility in Lagos. By producing industrial components and spare parts here in Lagos, Arridex is helping to reduce our dependence on imports, strengthening critical industries and supporting economic growth," commented Sanwo-Olu.

"I commend the Arridex team for their vision and commitment to building solutions that serve not only Nigeria but the wider African continent. Lagos will continue to support investments that create opportunities, grow local capacity and position our state as a hub for innovation and industry."

“We did not set out to build the biggest company, but a resilient one. For over two decades, we have chosen the harder path, and that is to make in Africa what others import, to meet global standards without exception, and to put purpose before profit. The Arridex Omnifactory is where that conviction becomes infrastructure. The name on the door is new, but the work behind it is not. We are not stopping here. By the first quarter of 2027, we will commission the Arridex Mega Omnifactory, which will stand among the largest single-site industrial additive manufacturing facilities in the world. The next chapter of global manufacturing can be written from Lagos. We are building it.” concluded Adeleke.