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MIGA and ISA launch the MIGA-ISA Solar facility to enhance solar energy access with concessional financing, focusing on Sub-Saharan Africa. (Image source: Adobe Stock)

Renewables

The Multilateral Investment Guarantee Agency (MIGA), a part of the World Bank Group, and the International Solar Alliance (ISA) have unveiled the MIGA-ISA Solar Facility, a multi-donor trust fund

This initiative, supported by the Indian government, aims to broaden global access to renewable energy.

The facility will integrate ISA’s technical expertise with MIGA’s financial mobilisation capabilities, creating an innovative approach to boost global solar energy adoption. It will provide concessional financing, including first-loss instruments and reinsurance, to enhance project viability and reduce the cost of MIGA guarantees. Additionally, MIGA and ISA will collaborate on launching new solar and distributed energy projects in eligible developing nations, with an initial focus on Sub-Saharan Africa and plans for worldwide expansion. This effort is part of a broader initiative supported by the World Bank Group and the African Development Bank to deliver 300 million new electricity connections in Sub-Saharan Africa by 2030.

Administered by MIGA, the facility will scale up guarantee issuances and attract private investment for solar and distributed energy projects, offering affordable risk mitigation solutions to support growth in ISA member countries. ISA has committed US$2mn in seed funding with a target to raise US$10mn for the facility, which is the inaugural program under ISA’s Global Solar Facility (GSF) aimed at raising US$200mn for African projects.

“MIGA is delighted to host the MIGA-ISA Solar Facility and support Sub-Saharan Africa in accessing reliable and clean electricity,” said Hiroshi Matano, MIGA executive vice- president. “The facility will attract private investment by providing risk mitigation and concessional financing, helping to lower costs and close the energy gap in underserved regions.”

To kickstart the facility, MIGA and ISA have already initiated a solar project in the Democratic Republic of Congo. This project is expected to cut operating costs by around 20%, leading to reduced tariffs for customers.

“ISA is excited to collaborate with MIGA on the facility to provide cost-effective guarantee solutions for decentralized solar projects in Africa,” said Ajay Mathur, ISA director general. “This is an important milestone in the roll out of ISA’s GSF. We look forward to delivering clean energy through this program to impact the lives of millions of Africans who remain off-grid to date.”

With approximately 675 million people lacking electricity access, and an anticipated 660 million remaining without power by 2030, the World Bank Group and African Development Bank are collaborating on a major effort to provide electricity to at least 300 million people in Africa by 2030.

Additive packages from BASF have been specifically tailored to suit the unique weather conditions of the region.

Construction

Takazuri and BASF have teamed up to deliver durable smart building solutions in Eastern Africa, focusing on climate resilience with sustainable products

This collaboration features Takazuri’s Climatile technology, which uses locally sourced and processed post-consumer materials, paired with BASF’s additive packages customised for the region’s unique weather conditions. The aim is to offer long-lasting, eco-friendly solutions that drive economic development in Africa and positively impact the construction industry and local communities, with the potential to expand to other regions.

“Sustainability is at the core of our business. Our commitment is reflected in our products, which are designed for high performance and multi-functionality while utilising locally collected and converted waste from urban settings, and soon, from ocean plastics collected off the Kenyan coast,” explained Maria Schlesinger, co-founder and CEO of Takazuri.

According to the African Development Bank Group, Africa’s population is projected to double by 2050. This rapid growth and urbanisation are increasing plastic waste and the demand in construction sectors. Takazuri aims to address this by providing affordable climate resilience solutions through local resources and partnerships in various sectors, including housing, commercial, healthcare, education, and humanitarian relief.

Climatile is a roofing and cladding solution designed to enhance indoor temperatures with superior insulation and improved solar reflectance and emittance. It also features a safe rainwater-harvesting surface that resists corrosion. The Climatile system includes a smart clipping mechanism that enables the addition of functional accessories, such as ultra-light frameless solar panels and biophilic components, making it an “upgradable” solution for climate resilience.

Takazuri has been committed to advancing Kenya’s role in climate action and sustainable construction. With products projected to expand across the region and continent, Takazuri is leading the charge towards a more resilient and eco-friendly construction industry in Africa.

“Throughout the development of our technology, BASF has been an invaluable partner, assisting us in areas such as process optimisation, thermal stabilization, and enhancing the service life of the post-consumer recyclates. BASF’s expertise has been crucial in creating additive packages tailored to the region's harsh weather conditions,” added Schlesinger.

Takazuri has also partnered with Gabriel Chemie, a prominent European masterbatch producer, to supply customised Combi-Batch containing colors and stabilizers. This helps ensure dispersion and homogeneity in the polymer matrix during tile conversion.

Plastics require stabilization against thermal and photo-oxidation to meet processing, life cycle, and application requirements. Additive stabilizers are essential not only for virgin plastics but also for improving the quality of post-consumer recyclates used in sustainable applications like Climatile. Proper restabilization with antioxidants and light stabilizers is critical for ensuring the long-lasting performance of Climatile technology, offering leak-free roofing at an affordable cost.

“Our team worked closely with the Takazuri team to understand the technical requirements, specifications, and market positioning of Climatile. This collaboration allowed us to design an optimal additive system to address the challenges of using post-consumer recycled materials for extended outdoor exposure,” said Bettina Sobotka, head of global marketing and development, plastic additives at BASF. “We hope this collaboration benefits the construction sector and local communities in East Africa, fostering economic growth.”

Sandvik Rock Processing’s entry into the screening media game has generated a lot of excitement in the mining sector in Africa. (Image source: Sandvik)

Mining

Following its 2022 acquisition of Schenck Process Mining, Sandvik Rock Processing has entered the screening media market in Africa

Although screening media is a minor cost when compared to larger capital equipment on a mine, Phumelele Motsamai, regional manager: screening media & wear protection – Africa at Sandvik Rock Processing, stressed that it is a crucial part of any mining operation’s profit engine.

“Screen media plays a critical role in optimising productivity and material quality in mining and quarrying. Sandvik Rock Processing recognises the uniqueness of each operation and always seeks to address the specific requirements to ensure improvement of operations,” said Motsamai.

According to Sandvik Rock Processing’s the market has been responding positively to its innovative approach, recognising the value of the integrated offering and the drive to provide tailored solutions. By combining advanced technology with a deep understanding of customer needs, Sandvik Rock Processing is setting a new standard in the screening media industry.

“Our entry into the screening media market has generated a lot of excitement in the mining sector in Africa. Traditionally, customers have been concerned about the lack of screen media accessibility and the ultimate lack of support in some of the regions. With four Sandvik entities across southern Africa and a total of 11 across Africa, Sandvik Rock Processing has the necessary touchpoints across the continent to keep stock close to our customers which reduces lead times and maximises uptime,” added Motsamai.

Sandvik Rock Processing manufactures a variety of screening media including polyurethane, rubber and wedgewire panels. Each type of panel is designed to address specific challenges within the mining industry, ensuring operations can maximise efficiency and productivity.

A broad portfolio

In addition to its screen media range, Sandvik Rock Processing offers an extensive range of wear protection solutions. Through its long history of materials expertise and research, the company has developed materials that meet the highest quality standards and offer advantages such as long wear life, less maintenance, reduced noise levels and a better working environment.

A case in point is the new Sandvik HX900 cast-in carbide, a unique wear material that combines the wear resistance of cemented carbide with the shock resistance, malleability and forming capability of nodular cast iron. This ideal combination provides a wear-resistant material that withstands tough environments and has a long wear life in many extreme applications.

In line with Sandvik’s commitment to sustainability, the tungsten carbides used in the Sandvik HX900 wear plates are 100% in-house recycled. Using recycled materials consumes 70% less energy and cuts overall carbon emissions by 40%.

“Based on the trials conducted to date, the Sandvik HX900 outlasts any other wear protection solution currently available on the market. It is the shining star of our range, and we are excited about its commercial rollout,” concluded Motsamai.

The investment is expected to enhance our operational capabilities and contribution to the growth and competitiveness of the economy. (Image source: NDB)

Logistics

The New Development Bank (NDB), an organisation created to mobilise resources for infrastructure and sustainable development projects in the BRICS and other emerging economies, has announced a R5bn (approx. US$278mn) loan agreement with Transnet, South Africa’s leading freight transport and logistics company

Transnet has faced consistent challenges over the last few years and has come under heavy criticism at times for operational issues with its ports and rail networks, equipment shortages, maintenance backlogs and beyond. However, the organisation has committed to addressing these past challenges, fostering integrity and enhancing efficiency and has received support in this endeavours, including from the African Development Bank.

NDB has become the latest to show support through an investment commitment that aims to modernise and improve the country’s freiht and rail sector.

Signed during NDB’s 9th Annual Meeting, the loan will be used enhance the efficiency and capacity of freight systems, while driving a rail network infrastructure renewal, locomotive overhauls and wagon fleet renewals. This programme is expected to restore freight rail volumes in South Africa, improving operational performance and reliability, and contributing to a sustainable future.

“We are delighted to partner with Transnet in this transformative initiative,” remarked NDB president, Dilma Rousseff. “This loan underscores NDB’s commitment to supporting sustainable development and economic growth in South Africa. By modernising the freight rail sector, we aim to facilitate more efficient logistics operations that will benefit the entire region and align with our goal of investing in a sustainable future.”

Transnet Group chief executive, Michelle Phillips, added, “This investment is important for Transnet, as we accelerate implementation of the Recovery Plan and economic reforms. The modernisation programme will enhance our operational capabilities and contribution to the growth and competitiveness of the economy. We are grateful for NDB’s support and look forward to a successful collaboration.”

Akinwumi Adesina attending the event in Riyadh. (Image source: AfDB)

Finance

Speaking at the Saudi Fund for Development’s 50th anniversary celebration, Akinwumi Adesina, president of the African Development Bank Group (AfDB), has praised Saudi Arabia for its support, dedication and friendliness to Africa

The president said the fund translated the pulse of the Kingdom of Saudi Arabia into development support in Africa. “Its work covers 407 projects in 41 countries in sub-Saharan Africa, with support of over US$5.3bn,” he noted.

As outlined by AfDB, projects the country has financed range from irrigation to produce food, dams for energy, hospitals for mothers and their babies, electricity to light up schools and enhance learning, airports and roads to link countries, counties and communities. These efforts have been part of an attempt to develop a deeper friendship and engagement between Saudi Arabia and Africa.

Adesina remarked that the Saudi Fund for Development stands out in the development financing landscape due to its “unlimited territorial scope” and its focus on “countries need”.

“That means: Open heart. Open hands. Open purse. Its success is rooted in its values, reflected by its acronym, SDF, which I call: Supportive. Dedicated. Friendly. That’s why countries appreciate the SDF,” he continued. “The African Development Bank is your friend and strategic partner in Africa… I wish the Saudi Fund for Development another 50 exciting years ahead, as we partner together to support Africa with renewed dedication to accelerate Africa’s development.

By localizing production, Stellantis is contributing to job creation, skill development, and technology transfer in Egypt. (Image source: Stellantis)

Manufacturing

Stellantis Middle East and Africa (MEA), has continued its regional expansion through the launch and local assembly of the Jeep Grand Cherokee L in Egypt at the Arab American Vehicles (AAV) plant, affiliated with the Arab Organization for Industrialization

“This launch marks a crucial step in our Dare Forward 2030 strategy,” remarked Samir Cherfan, chief operating officer of Stellantis Middle East and Africa operations. “By restarting production at the Arab American Vehicles factory, we're not just introducing a new Jeep vehicle; we're recommitting to Egypt's industrial growth and solidifying our position in the MEA region. Our goal is to achieve market leadership in Egypt and increase our regional market share to over 22% by 2030.

“The region is very dynamic, and we have ambitious plans. We are aiming to become the No. 1 regional market player with one million vehicles sold by 2030 of which 35% will be electric. We want to move to over 90% regional production autonomy meaning producing in the region for the region, which will position us by far as the most localised player in the region.”

Local manufacturing in Egypt

Stellantis has labelled the manufacturing and bringing of the Jeep Grand Cherokee L to Egyptian lines as a vote of confidence in the capabilities of the professionals in the country and the strength of local infrastructure. It is a move that aligns both with the Egyptian Government’s strategy of enhancing local manufacturing and Stellantis’ MEA Dare Forward 2030 vision, a plan to become net zero by 2038 and being ‘second to none’ in value creation for stakeholders.

“Our extended collaboration with AAV has been instrumental in Stellantis' success in Egypt,” surmised Hesham Hosni, managing director of Stellantis Egypt. “This relaunch of local production not only demonstrates our confidence in Egyptian expertise but also our commitment to delivering world-class vehicles tailored to local preferences.”

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