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The 24MWp solar facility is the first solar PV plant in the West Nile region. (Image source: AMEA Power)

Energy

AMEA Power, one of the fastest-growing renewable energy companies in Africa and the Middle East, has begun commercial operations at its 24 MWp (20 MW) Ituka solar photovoltaic plant in Uganda’s Madi Okollo District, in the north-west of the country

The project was funded by an US$18mn senior secured loan from the Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One. The plant’s 25 MVA 132/33kV substation is now active and feeds clean power straight into Uganda’s national grid.

Ituka is among the first utility-scale, grid-connected solar PV facilities in West Nile. It can supply affordable, reliable electricity to as many as 390,000 people, easing severe power shortages and helping households, public institutions and businesses cope with years of load shedding and blackouts. Its output is also expected to lower power purchase costs and cut emissions locally.

The plant supports Uganda’s goal of universal energy access by 2040, up from roughly 50% in 2022, and offers practical evidence of progress under the country’s Energy Transition Plan (ETP). It also advances the government’s aim of reducing reliance on hydropower, which makes up around 80 percent of grid capacity. Because Uganda is vulnerable to seasonal droughts and climate risks, Ituka’s solar generation will help offset hydropower’s seasonal swings. This will improve energy security and daytime grid stability, and lay the foundation for long-term industrial growth in the north-west.

The plant is the Fund’s 12th renewable energy project in Uganda, and it reflects EAAIF’s commitment to climate finance in emerging markets. It also advances PIDG’s aim of mobilising private capital for infrastructure across Africa and Asia, speeds up Uganda’s energy transition, and establishes Ituka as a cornerstone of the country’s long-term energy security.

Aqueel Bohra, chief investment officer at AMEA Power, said, “AMEA Power is proud to have delivered this project as our first operational asset in East Africa. As the project enters commercial operations, it is set to transform the region by strengthening grid reliability with clean energy, relieving power deficits, and laying the groundwork for sustainable economic development.”

Martijn Proos, co-head of Emerging Market Alternative Credit at Ninety One, the fund manager of EAAIF, commented, “Bringing the Ituka solar plant online marks an important step in expanding access to reliable electricity in Uganda’s historically underserved West Nile region. The project demonstrates EAAIF’s role as a pathfinder investor financing infrastructure in markets where the need for investment is significant. The electricity now flowing into the national grid represents a critical step towards stimulating economic activity across the West Nile region and addressing longstanding energy shortages.”

Volvo CE expands excavator range with EC130 and EC150. (Image source: Volvo CE)

Construction

Volvo Construction Equipment (Volvo CE) has expanded its crawler excavator portfolio with the launch of the EC130 and EC150 across Africa, the Middle East and Oceania

The new models are designed to help operators improve fuel economy while maintaining productivity, combining positive control hydraulics, intelligent operating modes and fuel-saving functions with the performance and versatility needed for varied jobsite requirements.

Both excavators feature strong digging capabilities, rapid cycle times and simplified maintenance. Their operator-focused design includes an integrated 8-inch Volvo Co-Pilot touchscreen display, bringing key machine functions together in an accessible interface.

“The 13-tonne EC130 and the larger EC150 have been designed around what matters most to our customers — productivity, efficiency, uptime and operator performance,” said Steven Guo, product manager at Volvo CE.

“The result is two machines that make every drop of fuel count while delivering dependable performance, operator comfort and low operating costs,” he adds.

Fuel-saving technology and intelligent hydraulics

Fuel efficiency is central to the design of both models. Volvo's positive control hydraulic system works with the main control valve to supply hydraulic flow according to operating demand. This helps maintain digging power and productivity while limiting unnecessary fuel consumption.

The engine and hydraulic pumps are optimised to match machine output with workload. The EC130 can run at engine speeds as low as 2,000rpm, while the EC150 operates at speeds as low as 2,200rpm. Hydraulic pump flow and pressure adjust continuously to suit changing load and speed requirements. On the EC130, a larger pump than that fitted to the previous generation further supports hydraulic efficiency.

Operators can select from ten work modes to adapt machine response, fuel use and cycle times to specific tasks and site conditions. Automatic engine shut-down and auto-idle functions provide additional opportunities to reduce fuel consumption when full engine output is unnecessary.

Together, these systems are intended to help contractors manage operating expenses while retaining the performance required for demanding excavation work.

Versatility for demanding jobsites

The EC130 and EC150 are built to provide precise control, responsive operation and reliable digging power across a range of applications. The EC150 also accommodates a larger bucket than the previous EC140, allowing operators to handle greater volumes of material with each pass and potentially improve site productivity.

Attachment compatibility extends the machines' application range. Operators can manage attachment settings through a password-protected system on the in-cab display, where hydraulic flow can be configured and stored for up to 20 attachments. This allows frequently used settings to be recalled quickly, helping ensure consistent operation when switching between tasks.

Depending on the attachment and work requirements, operators can choose between one-pump and two-pump flow. X1 constant-flow functionality, including preset options, further supports operation with compatible hydraulic attachments.

These features allow the two excavators to be configured for different jobsite demands while maintaining efficient and controlled performance.

Maintenance designed to maximise uptime

Volvo CE has incorporated extended service intervals and accessible maintenance points into both models to reduce routine servicing demands and help keep equipment available for work.

Engine oil, engine oil filters and fuel filters have replacement intervals of 500 hours. Swing reduction gear oil and the hydraulic oil service filter are scheduled for replacement every 1,000 hours, while the hydraulic oil return filter has a 2,000-hour replacement interval.

Maintenance is further simplified through grouped filters, ground-level service points, quick-drain ports, a swing-out air-conditioning condenser and centralised greasing points. Anti-slip plates and brightly coloured handrails support three-point access to the upper structure from the right-hand side.

The machines also feature durable components, hydraulic hoses designed to minimise leakage and a high-efficiency air filter to protect the engine. These design measures aim to limit wear, reduce maintenance-related downtime and support reliable operation in demanding conditions.

Operator comfort and control

The EC130 and EC150 feature operator environments designed to support comfort, convenience and productivity throughout the working day.

An integrated 8-inch Volvo Co-Pilot touchscreen provides access to essential machine functions and operating settings through an intuitive menu system. This enables operators to adjust configurations to suit the task without navigating unnecessarily complicated controls.

Cab configurations include a choice of seats and joysticks to accommodate operator preferences. Additional features include storage compartments, phone connectivity through the cab display, cup holders, wireless phone charging and USB sockets.

By combining adjustable controls, accessible machine information and everyday convenience features, Volvo CE aims to create a working environment that helps operators remain focused and productive on site.

Vedanta invests nearly US$600mn in Gamsberg Phase II, doubling South African zinc capacity to 500,000 tonnes annually.

Mining

Vedanta Limited, the flagship company of the Vedanta Group, has announced the doubling of annual zinc production capacity at its South African zinc operations to 500,000 tonnes¹

The expansion involves an investment of nearly US$ 600mn in Phase II of the Gamsberg project, operated by Vedanta Zinc International (VZI). The expanded facility was inaugurated by South African President Cyril Ramaphosa and Vedanta Limited Director Priya Agarwal-Hebbar.

Located in South Africa’s Northern Cape province, Gamsberg is VZI’s flagship zinc mine and hosts one of the world’s most significant zinc deposits. The expansion represents one of the largest mining investments in South Africa during the current decade.

The project further reinforces Vedanta Limited’s position as the world’s largest² zinc producer, supporting its ambition to achieve annual production of 3 million tonnes across India and South Africa. Of this target, 2 million tonnes are expected to come from its subsidiary, Hindustan Zinc Limited (NSE: HINDZINC; BSE: 500188), the world’s largest integrated zinc producer, while Vedanta Zinc International aims to contribute 1 million tonnes annually.

With zinc playing a crucial role in modern industrial and infrastructure development, global consumption continues to rise. Through galvanisation, zinc protects steel, the world’s most widely used metal, against corrosion, prolonging its lifespan and enabling its use across construction, automotive, manufacturing and other industries. Together, Hindustan Zinc and Vedanta Zinc International strengthen Vedanta Limited’s ability to meet the increasing global demand for zinc.

The Gamsberg Phase II expansion is part of Vedanta’s ZAR 21 billion investment commitment, equivalent to nearly US$ 1.5bn, announced at the 2018 South Africa Investment Conference. At the 18th BRICS Summit held in New Delhi last month, President Ramaphosa urged greater Indian investment in key South African industries. Vedanta’s continued investment in the Northern Cape highlights the practical benefits of the strengthening economic partnership between India and South Africa.

South African president Cyril Ramaphosa said, “We have come to celebrate an investment that has moved from commitment to construction, and from construction to production. We welcome Vedanta’s ambition to establish zinc smelting capacity in the Northern Cape. Government must work with Vedanta and other partners to address their requirements.”

Priya Agarwal-Hebbar, director of Vedanta and Chairperson of Hindustan Zinc, said, “For Vedanta, Gamsberg Phase II is more than an expansion of its zinc business. It is a commitment to South Africa’s future. My father, Vedanta founder and Chairman Anil Agarwal, made that commitment with the belief that the country’s mineral wealth could become a foundation for industrial growth, jobs and opportunity. Today, I am proud to see that vision coming to life. Our ambition is to build a globally significant zinc and industrial hub in the region., creating lasting value for the country and its people. The true measure of our success is not just what we produce, but the prosperity we help create for generations to come,”

In addition to generating employment through its operations, Vedanta has invested nearly US$ 20 million in community development initiatives across South Africa since acquiring Vedanta Zinc International in 2011. These programmes focus on healthcare, education, care centres, sports, livelihood opportunities, infrastructure and social welfare, benefiting more than 32,000 people annually. Earlier this year, Vedanta Zinc International also inaugurated an oncology centre in Namakwa as part of its priority community development initiatives.

Transnet sets world record with 696-Wagon freight train

Logistics

Transnet Freight Rail (TFR) has set a new global benchmark in freight rail operations after safely running a 696-wagon empty train along the Iron Ore Export Line from Saldanha to the Northern Cape.

The train reached Loop 18 on 18 October 2026, completing the longest train movement ever assembled and operated on the corridor and establishing a new world record for freight rail operations.

Beyond the record itself, the achievement highlights the engineering capabilities, operational expertise and technological innovation underpinning the Iron Ore Export Line, one of the world's leading heavy-haul rail systems. The exercise also generated technical insights that could inform the future development of rail operations.

The initiative brought together TFR's Train Design Technology and Operations teams, Transnet Engineering, the Transnet Rail Infrastructure Manager (TRIM) and the Railway Safety Regulator. Conducted as a dynamic train evaluation programme, the operation aimed both to establish a world record and to deepen technical understanding of train design, handling and operational performance.

The train consisted of 696 empty CR13/14 wagons operating in a Radio Distributed Power (RDP) configuration. It was hauled by a combination of Class 15E electric and Class 43D diesel-electric locomotives. The RDP system enables locomotives positioned at different points along the train to function in synchronisation, distributing traction and braking forces in a controlled manner across its entire length.

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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Prometal SA to boost Cameroon steel sector (Image source: Adobe Stock)

Manufacturing

Cameroon is stepping up efforts to expand domestic manufacturing and reduce reliance on imported industrial goods, with steel processing playing a growing role in the country’s industrialisation drive

Rising demand from the construction, infrastructure and agricultural sectors is creating opportunities to develop more local value chains and increase the production of finished goods.

It is against this backdrop that Prometal SA is expanding its steel processing capacity, backed by €40mn in fresh financing from Afreximbank.

The funding comes from an African Export-Import Bank (Afreximbank) revolving working capital facility and will support processing and transforming semi-processed steel into a range of finished steel products, including agricultural equipment and construction materials.

Hayssam El Jammal, Prometal SA’s CEO, said it marked a new stage for the company’s growth plans.Jammal said the growth strategy combines “vertical integration across the value chain from the processing of raw materials to the production of finished goods…[to the]…horizontal expansion into new markets with the clear ambition of producing in Africa goods that are still largely imported today.”

This, in turn, would strengthen African production capacity, reduce dependence on imports and retain greater value within the continent.

African industrialisation

Jammal said the deal also reflects Afreximbank’s commitment to turning African industrial ambitions into reality “further contributing to the broader industrialisation and economic transformation of our continent.”

The facility is expected to the production of a wide range of finished steel products, including agricultural equipment and construction materials.

It will also boost Prometal SA’s capacity to meet growing demand for steel and metal products across the construction, infrastructure, industrial and agricultural sectors within Cameroon.

“By identifying and capacitating African industrial champions, like Prometal SA, the Bank is strengthening Africa’s domestic manufacturing capacity and creating domestic and regional value chains,” said Dr. George Elombi, Afreximbank’s president and chairman.

Growth plans

Prometal SA is a leading metallurgical and industrial group with a growing industrial footprint.

Over recent years, it has already implemented various investments aimed at developing local manufacturing capacity and replacing the import of products previously sourced from international markets.

The group is organized around two principal business lines: Prometal Acier and NOVIA Industries.

Prometal Acier is the group's core steel and metallurgical business and a key player in the regional steel industry with operations across seven industrial plants and an aggregate annual production capacity of approximately 360,000 metric tons of finished steel products.

NOVIA Industries, established in 2018, is the group's expansion into the agribusiness sector and has rapidly developed into one of the leading players in its market segment.

It has an estimated production capacity of 500 tons per day of edible oil and 160 tons per day of soap, positioning it as a significant producer of refined palm-oil products and related by-products.

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