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Masdar, TotalEnergies, and EPointZero collaborate to boost clean energy access in Africa, Asia, and India under UAE-France Business Council. (Image source: Masdar)

Energy

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s leading clean energy company, has joined forces with TotalEnergies and EPointZero, the decarbonisation division of 2PointZero, a global investment platform, to enhance access to clean energy across emerging markets in Africa and Asia

The three entities signed a Framework for Action (FFA) agreement to support sustainable energy development in these regions.

The agreement was formalised during the third plenary meeting of the UAE-France High-Level Business Council in Paris on February 16, 2025. This development aligns with the visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to France, where he met with French President Emmanuel Macron to reaffirm their strategic partnership and explore collaborations in key sectors such as energy, climate action, artificial intelligence, and advanced technology.

Through this partnership, Masdar and TotalEnergies will work together to provide stable and sustainable electricity to communities in Africa, contributing to the continent’s long-term energy transition. Additionally, they will pursue new clean energy opportunities in Southeast Asia. Meanwhile, TotalEnergies and EPointZero will collaborate to support India’s clean energy targets through solar, wind, and energy storage projects, reinforcing the country’s decarbonisation efforts.

Strengthening clean energy

This Framework for Action unites these leading companies under the UAE-France High-Level Business Council, enabling them to expand capabilities and improve clean energy access in emerging economies across Africa and Asia.

Masdar’s CEO, Mohamed Jameel Al Ramahi, highlighted the significance of the agreement, stated, “Enabled by the strength of the UAE-France bilateral relationship, Masdar is proud to be working with TotalEnergies to help deliver clean energy access across Southeast Asia and Africa. This agreement reflects our shared commitment to empowering local communities, driving socio-economic growth and sustainable progress, and advancing the global energy transformation. It is heartening to see the UAE-France Framework for Cooperation in Artificial Intelligence signed last week, and we look forward to continuing to utilise cutting-edge clean energy technologies to drive access and sustainable growth.”

Stéphane Michel, president for Gas Renewable and Power at TotalEnergies, emphasised the long-standing partnership with Abu Dhabi, remarked, “By supporting the development of the country’s Oil and Gas reserves, TotalEnergies has been a key partner of Abu Dhabi for more than 80 years. We are now delighted to extend our partnership with Abu Dhabi to the development of renewable energies in emerging markets in Asia and Africa. Combining the strengths, expertise and reach of Masdar, EPointZero and TotalEnergies will certainly enable each partner to accelerate their growth and improve the quality of their investment in those fast-developing markets where renewable energies are key to those countries’ Energy Transition.”

Mariam Almheiri, group CEO of 2PointZero, reinforced the partnership’s broader impacted, “This partnership deepens UAE-France ties and advances our shared commitment to advancing the global energy transition. By combining the expertise of Masdar, TotalEnergies, and EPointZero, we are expanding clean energy access in emerging markets, accelerating decarbonisation, and driving economic growth. Our collaboration across India, Africa, and Asia will scale up renewables and energy storage, ensuring reliable, sustainable power for millions. Together, we are building a cleaner, more resilient world.”

UAE-France Business Council’s role in clean energy expansion

The UAE-France High-Level Business Council was established in July 2022, coinciding with a meeting between UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron. Its purpose is to foster economic collaboration, encourage private-sector investment, and support innovation-driven projects.

The Council held its inaugural plenary session in January 2023 and has since played a crucial role in promoting joint initiatives that support a sustainable, low-carbon future. The UAE and France have maintained a Comprehensive Strategic Energy Partnership since 2022 and launched the UAE-France Bilateral Climate Investment Platform in 2024 to further strengthen their commitment to sustainable energy development.

Also read: https://africanreview.com/energy/south-africa-s-power-shift-begins

A50 underscores the company’s commitment to meeting evolving customer needs by providing more choices and improved operational capabilities. (Image source: Volvo)

Construction

Volvo Construction Equipment (Volvo CE) has announced a comprehensive update to its globally recognised articulated hauler lineup, marking the most extensive product portfolio renewal in decades

The revamped range now includes models from A25 to A60, featuring significant technological advancements aimed at improving efficiency, safety, and adaptability for future drivetrain developments. A notable addition to the lineup is the all-new A50 model, which expands customer options in the demanding hauler segment.

A new range from A25 to A60

A pioneer in the articulated hauler industry since introducing ‘Gravel Charlie’ in 1966, Volvo CE is rolling out its latest lineup in a phased global release throughout 2025. This upgrade represents a significant technological leap, incorporating a new electronic system and an in-house developed transmission that delivers fuel efficiency improvements of up to 15%, depending on the model and application. Designed with adaptability in mind, the new haulers are constructed to integrate seamlessly with future drivetrains.

Introducing the A50 model

One of the most exciting highlights of the launch is the debut of the A50 model, which enhances Volvo CE’s offering in the hauler segment. Available in selected markets, the A50 underscores the company’s commitment to meeting evolving customer needs by providing more choices and improved operational capabilities. The updated haulers are engineered to lower the total cost of ownership while ensuring maximum safety and productivity, especially when combined with Volvo CE’s digital solutions such as Haul Assist with onboard weighing.

Melker Jernberg, president of Volvo CE, emphasised the company’s legacy of innovation,“For nearly 60 years we have been leading the way with our range of articulated haulers and now with today’s launch of a new range of outstanding products, including one completely new model, we prove that there are no limits to our capacity for innovation. Our customers know to expect a first-class operation when they get into one of our haulers, but that experience has just got even better with a host of cutting-edge features designed with our customers in mind.”

A circular approach to sustainability

The new range is designed to be among the most fuel-efficient hauling solutions on the market, incorporating sustainability-focused elements such as low-carbon emission steel made from recycled materials. This steel, produced using fossil-free electricity and biogas, is being integrated into the serial production of haulers at Volvo CE’s Braås site. Given that steel is a major component in Volvo CE’s products and is traditionally a significant source of carbon emissions, this material circularity initiative aligns with the company’s broader sustainability strategy to achieve net-zero greenhouse gas emissions by 2040.

A step towards the future

With over 35% of its total range renewed in the past 12 months, Volvo CE is taking a decisive step towards shaping the future of construction equipment. This latest product overhaul continues the company’s long-standing tradition of setting industry benchmarks for innovation and operational excellence, just as it did in 1966. By integrating cutting-edge features and sustainable manufacturing practices, Volvo CE reinforces its leadership in the articulated hauler segment and its commitment to meeting the challenges of tomorrow’s construction industry.

Also read: Volvo CE adopts low-carbon steel

Mali is Africa's second-biggest gold producer (Image source: Adobe Stock)

Mining

Canadian mining group Robex has signed a new agreement with Mali to operate its Nampala gold mine

The company has been operating the mine since 2017, but the new agreement reflects changes to the West African country’s mining code. The new rules compel international firms to pay higher taxes and also to hand over bigger shares in assets to the state, moves which have ruffled feathers among foreign investors.

Mali is Africa’s second biggest gold producer.

In a statement, Robex managing director Matthew Wilcox said that he was grateful for getting the new deal over the line.

“I would like to thank their excellencies, the Minister of Mines, the Minister of Economy and Finance and all the parties involved for constructive discussions over the past few months, and we look forward to working alongside the government,” he said.

However, last September, the company had indicated that it was ready to sells its Nampala asset but had not received any acceptable offers.

Mali's Council of Ministers also released a statement this week stating that the company was now looking to produce 1.4 tons of gold per year for a period of eight years.

“Geological research carried out by the company has identified a deposit with mineral reserves estimated at 17,351,000 tons with a gold content of 0.70 grams per ton,” it stated. The statement added that the government had signed a memorandum of understanding with the company in September that allowed Mali to increase its stakeholding in the Nampala project, entitling the state to priority dividends.

The Nampala mine in southern Mali is approximately 300 km south of the capital, Bamako. The open-pit mine uses conventional surface mining techniques and process to recover gold. The mine is excavated using a conventional truck and shovel operation.

The widest equipment used by the contractors is a Caterpillar 773B haul truck, matched with a 385 hydraulic excavator.

Nampala first reached commercial production in January 2017, with output rising rapidly on the back of exploration work, eventually hitting peak production at 8047tpd in mid 2022.

But other mining groups, such as Barrick Gold, have yet to reach a successful resolution with the Mali regime following the change in rules. In a 12 February statement, the company stated that “ongoing issues in Mali remain an investor concern” and acknowledged that this had dragged on share prices. Barrick’s chief executive Mark Bristow told Reuters in an interview that the company still hopes to restart operations at its shuttered Loulo-Gounkoto mine as soon as local authorities allow it to resume gold shipments.

Barrick Gold is the largest single investor in Mali’s gold mining sector.

 Read more: Barrick's commitment to Mali's mining sector

 

MSC launches iReefer, a real-time container monitoring system for reefer cargo, enhancing shipment tracking, security, and temperature control. (Image source: Adobe Stock)

Logistics

MSC Mediterranean Shipping Company has introduced iReefer, a state-of-the-art container monitoring system designed for temperature-controlled cargo

This innovation enables customers to track and oversee their refrigerated shipments in real-time, from any location worldwide.

With iReefer, users gain instant access to crucial shipment details, including location, temperature, humidity, and more. The service is accessible through myMSC, the company’s digital business platform, or via an API for seamless integration.

Customers can choose from three tailored iReefer packages based on their business needs. The entry-level option, iReefer Essential, is available at no cost and provides an overview of current and past reefer shipments, a container journey log, and analytical graphs. iReefer Pro expands on these features by offering unlimited data downloads and GPS tracking. For businesses managing large cargo volumes, iReefer Ultimate ensures direct API connectivity for streamlined data exchange. The premium packages, iReefer Pro and iReefer Ultimate, will be available starting 1 March 2025.

As a global leader in refrigerated transport, MSC moves over 1 million reefer containers annually. The company operates one of the most sophisticated reefer fleets and is supported by a team of more than 1,000 reefer specialists worldwide.

The launch of iReefer represents a key milestone in MSC’s ongoing digital transformation, aimed at enhancing shipping efficiency and providing real-time insights for supply chain optimisation. This new solution complements MSC’s existing digital portfolio, which includes MSC Smart Containers for remote dry cargo monitoring.

As part of this global initiative, MSC has integrated iReefer technology into over 210,000 reefer containers and equipped more than 500 vessels, with plans to expand deployment across its entire fleet in the coming years.

“This exciting launch highlights MSC’s unique ability to combine forward-thinking digital solutions with personalized customer care. iReefer is designed with customers in mind: we fully understand their need to closely monitor and control cargo, to facilitate planning and ensure products are delivered in pristine condition. It builds on the already high levels of care we apply to reefer cargo and takes this support to the next level,” said Giuseppe Prudente, Chief Logistics Officer of MSC and President of MEDLOG.

Digital Innovation in Cold Chain Logistics

The introduction of iReefer aligns with the rising global demand for refrigerated cargo and user-friendly digital solutions. Customers will benefit from real-time container monitoring, precise temperature control, improved security, regulatory compliance, and valuable data insights. Additionally, connected reefer containers help minimize costs by reducing spoilage, preventing damage, and lowering insurance claims.

Also read: https://africanreview.com/manufacturing/modular-training-workstation-to-inspire-current-and-future-professionals

South Africa's DMA on the acquisition trail. (Image source: Adobe Stock)

Finance

South Africa-headquartered DMA has agreed to acquire a majority stake in Saxo Australia from Saxo Bank, a leading online trading and investment specialist

DMA is a global leader in all-in-one software solutions for financial advisers and wealth managers.

As part of the acquisition and partnership, DMA will leverage Saxo Bank's platform and trading technology for clients for the Australian market.

The Johannesburg-based group will assume 80.1% ownership of Saxo's Australian business, subject to regulatory approval, with Saxo Bank retaining 19.9%.

With the transaction, Saxo's award-winning platforms, product range, competitive prices and interest rates will be complemented and strengthened by DMA's business-to-business knowhow, world-class adviser offering and track record of growth.

“We believe DMA’s platform offering will bring tangible benefits to Australian financial advisers and wealth managers, while the business will continue to focus on delivering high-touch, high-quality service for self-directed retail clients," said DMA's CEO, Richard North.

"It'll be the best of Saxo and the best of DMA and we think that adds up to the marketplace's best choice for investors and partners across the entire lifecycle.”

This transition represents an expansion of an existing partnership between DMA and Saxo in South Africa, the Netherlands and the UK.

In these regions, DMA already leverages Saxo's capabilities, outsourcing the brokerage business model, managing all aspects of trade orders, execution, settlement and post-trade operations.

Saxo's open architecture means that DMA can build additional interfaces, digital services and trading experiences for Australian clients.

Currently, more than 160 wealth managers and adviser networks across Africa, Europe, and the United Kingdom use DMA to access global markets.

Specifically for the Australian market, Saxo's banking as a service (BaaS) solutions paired with DMA's software solutions will enable Australian institutional partners, such as financial advisers and asset and fund managers, to connect front, middle, and back-office functions under one solution.

Saxo will deliver the best-in-class digital investing and trading platforms, and will also provide the back-office infrastructure, from clearing and settlement to execution and custody.

This will support financial services firms to reduce back-office cost and complexity and enhance client-facing services.

The new business will retain Saxo Australia's staff, led by its CEO, Adam Smith, while looking to bolster its Australia-based workforce to ensure clients get the best investing and trading experience.

The name and brand of the new business will be determined after a transitional period, with the business to continue operating as Saxo Australia in the meantime.

The sale comes after Saxo Bank in June 2024 announced a review of strategic opportunities in the Asia-Pacific, seeking to accelerate its growth in the region.

"We will ensure a smooth transition and aim to enhance the offerings and services provided,” said Smith. “The clients of Saxo Australia will notice absolutely no disruption in service, product range, or platform access. We are very pleased to partner up with DMA and believe that this will be a game changer for Australian clients.”

The project will boost recycling efforts in Ghana and Nigeria (IMAGE SOURCE: Adobe Stock)

Manufacturing

Ghana-based manufacturer Mohinani Group Limited has teamed up with the International Finance Corporation (IFC) to undertake the recycling of Polyethylene Terephthalate (PET) from plastic waste in Ghana and Nigeria

The initiative is expected to create thousands of jobs in both countries and help protect the region’s environment.

Under the partnership, IFC will provide a loan of US$37mn to help Mohinani Group subsidiaries Polytank Ghana Limited and Sonnex Packaging Nigeria Limited to establish PET recycling plants in Ghana and Nigeria.

Each plant will have the capacity to produce 15,000 tons of recycled PET (rPET) resins annually that will substitute virgin PET resins used to make food grade and beverage packaging containers.    

Some 90% of the raw materials will be sourced from local small businesses involved in plastic collection.

“The rPET project by the Mohinani Group was born out of a vision to close the bottle-to-bottle recycling loop in Africa and the group’s dedication to advancing environmental sustainability,” said Roshan Mohinani, strategy and transformation manager for Mohinani.  

“It is also inspired by our group's purpose of improving the quality of lives in Africa, as this initiative is expected to create over 4,000 jobs along the value chain in Nigeria and Ghana, thereby providing economic empowerment to a significant number of young people, particularly women.”

Combined, the new plants are expected to create more than 4,000 direct and indirect jobs across the value chain and approximately US$21mn in annual savings from imports for each country.

PET is a polymer resin of the polyester family, widely used for making containers for liquids and foods.

Using recycled plastic waste for production will prevent harmful pollutants from being released into the environment and reduce the need for virgin plastics. This will lower greenhouse gas emissions because recycled plastics have a smaller energy footprint than new plastics.

IFC — a member of the World Bank Group — will provide advisory services to strengthen Mohinani’s environmental and social practices and its capacity for efficient and sustainable PET recycling operations.  

The project aligns with IFC’s strategies for Ghana and Nigeria which are focused on mitigating climate change, job creation and economic transformation.

It is also consistent with the World Bank Group’s Climate Change Action Plan 2021-2025, which aims to reduce the use of virgin plastic resins and greenhouse gas emissions in the packaging materials value chain. 

“IFC's partnership with Mohinani underscores our dedication to promote environmental sustainability and economic development in Ghana and Nigeria,” said Dahlia Khalifa, IFC regional director for Central Africa and Anglophone West Africa.

“By recycling up to 30,000 tons of PET waste annually, these new plants will protect the environment and substitute imports with locally recycled materials.”

Read more recycling news here:
Alpla enters South African PET recycling market

Continental launches sustainable tyres

CCBA encourages plastic bottle collection in Ethiopia

 

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