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Venus secures EGP 70mn financing from Banque Misr to expand Cairo 3A off-grid hybrid power project supporting poultry operations

Energy

Venus has secured Shariah-compliant financing of EGP 70mn (approx. US$1.3mn) from Banque Misr to support the expansion of the Cairo 3A project, bringing the total funding obtained from the bank for the development to EGP 154mn (approx. US$2.9mn)

The new financing will be used to scale up the project’s energy infrastructure, with a focus on strengthening sustainable power solutions and maintaining uninterrupted, high-efficiency operations. The expansion is particularly important for energy-intensive agricultural activities that operate in areas beyond the reach of conventional electricity grids.

Cairo 3A is an off-grid energy initiative serving the poultry sector, providing reliable and integrated power systems to support large-scale farming operations. The project uses a hybrid generation model that combines solar PV, battery storage and gensets. This approach helps improve operational resilience while reducing reliance on traditional fuel-based electricity generation.

The first phase of the project, launched in 2020, delivered a contracted capacity of 3 MVA along with 2.5 MWp of solar generation. As the farm has expanded and its energy requirements have grown, a second phase is now being implemented. Scheduled for completion in 2026, this phase will increase the total capacity to 5.5 MVA and solar generation to 4.5 MWp, representing an 83% increase compared with the initial phase.

Karm Holding stated that the additional financing represents an important milestone in its growth strategy and highlights the strength of its partnership with Egypt’s banking sector. The company reaffirmed its commitment to delivering projects that meet high standards of efficiency and sustainability, while supporting Egypt’s broader transition toward a more resilient and sustainable economy.

HAMM's Smart Compact Pro integrates real-time density, boosting asphalt quality and reducing construction costs. (Image source: HAMM)

Construction

Roller manufacturer Hamm has introduced the Smart Compact Pro under the motto “Measure it right. Measure it now.”

For the first time, real-time density is being used as a decisive parameter for qualitative assessment and integrated into automated compaction. Smart Compact Pro makes a significant contribution to extending the service life of road surfaces and, in the long term, reduces construction and repair costs, as well as potential additional expenses for the contractor.

Automated compaction with Smart Compact

Despite advances in digitalisation, asphalt compaction has so far been heavily dependent on empirical data and the experience of the roller driver. Consistent double passes and the correct use of dynamic compaction were often dependent on the driver’s knowledge. Since 2022, the Smart Compact digital compaction assistant from Hamm has been simplifying the compaction process in asphalt construction by controlling the compaction modes and forces based on the selected layer type – base, binder or surface course – automatically and separately for both drums.

The system continuously monitors the asphalt’s physical properties, such as temperature and rigidity, as well as its complex cooling behaviour, to ensure homogeneous compaction by applying the optimum compaction energy and modes in each case. There is even the option of incorporating local weather data.

Smart Compact Pro with real-time density measurement: Higher quality, lower costs

Hamm is now expanding Smart Compact to incorporate an essential measured value – real-time asphalt density. Industry experts agree that it is the decisive parameter for qualitative assessment during the compaction process and will become the key indicator for rigorously meeting regulatory requirements and minimising financial deductions.

Smart Compact Pro closes this gap by integrating the new “Realtime Density Scan” sensor into the automated compaction process. It determines the asphalt density in real time by measuring the dielectric conductivity of the asphalt mix to be compacted, therefore forming the basis for the correlation with the asphalt density or the porosity. Both parameters are crucial for self-monitoring or control testing. With the help of real-time density, Smart Compact Pro is able to provide construction companies with a decisive advantage by accurately implementing regulatory requirements.

This can significantly reduce potential financial deductions due to inadequate quality in the construction work and also save costs for premature repairs. Using Smart Compact Pro also significantly reduces the costs for extracting drill cores.

In summary, the world-first integration of real-time density into automated compaction represents a significant step forward for asphalt compaction. Even inexperienced operators can achieve optimal compaction results with Smart Compact Pro, with no need for extensive prior knowledge. This offers a significant boost for construction companies in times of an increasing shortage of skilled workers.

The Mozal aluminium smeltter in Mozambique (Image source: South32)

Mining

Mining and metals group South32 Limited has confirmed that the Mozal aluminium smelter in Mozambique has been placed on ‘care and maintenance’ from 15 March after it failed to secure affordable power supplies for the plant

Its existing energy tariff is due to expire at the end of March, and negotiations have failed to agree on a new price that would allow the facility to continue operating sustainably.

As a result, South32, which is listed in South Africa, Australia and the UK, has mothballed the facility at considerable cost while longer-term options are assessed.

One-off costs to place Mozal into care and maintenance, including employee separation costs and the termination of contracting arrangements, are estimated at approximately US$60mn.

Ongoing annual care and maintenance costs are expected to be approximately US$5mn, according to a South32 statement released on 16 March, 2026.

“Over the past six years we have engaged extensively with the government of the Republic of Mozambique, Eskom and other key stakeholders, but were unable to secure sufficient and affordable power supply for Mozal beyond March 2026,” said Graham Kerr, South32’s CEO.

“While this is not the outcome we wanted, we are proud of the history and significant contribution Mozal has made to the local community and the Mozambican economy over its 25 years of operation.”

The statement added that alumina supplied from the company’s Worsley Alumina refinery to Mozal will now be sold to third-party customers at index-linked prices.

Located near Maputo, the Mozal smelter produced high-quality primary aluminium for both domestic and export markets.

South32 holds 63.7% of Mozal, alongside the Industrial Development Corporation of South Africa Limited (32.4%) and the Mozambique government (3.9%).

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RFQ marks first step in private sector participation process to strengthen operations and attract private investment

Logistics

Transnet SOC Ltd has released a Request for Qualification to begin identifying a private sector partner for its Private Sector Participation project at the Richards Bay Dry Bulk Terminal

The RFQ marks a significant step under Transnet’s Reinvent for Growth Strategy and reflects its intention to formally engage the market to enhance operational efficiency, secure private investment and reinforce the long-term sustainability of South Africa’s freight and logistics network.

The Richards Bay Dry Bulk Terminal serves as a vital export hub for bulk commodities, especially chrome and magnetite. Through the PSP initiative, Transnet aims to harness private sector capital and operational expertise to strengthen reliability and efficiency, enable future capacity expansion and maintain strategic control of the asset.

In addition, the project is expected to create opportunities linked to supplier development, local participation and community upliftment, particularly in the Richards Bay area.

As the first stage of the selection process, the RFQ calls on interested bidders to demonstrate their technical expertise, operational track record, financial strength and compliance with Transnet’s stipulated requirements. Applicants must also present clear and measurable proposals detailing how they will advance community upliftment through the PSP arrangement. Parties that satisfy the qualification criteria may progress to a subsequent Request for Proposal phase.

Transnet has emphasised that the PSP process will be managed transparently and competitively, in full alignment with applicable governance standards and regulatory obligations. Ongoing engagement with key stakeholders, including employees, organised labour and government, will remain central throughout the process.

Afreximbank accession to help power South Africa’s economy (Image source: Adobe Stock)

Finance

South Africa has joined the ranks of the African Export-Import Bank (Afreximbank), bringing with it an US$8bn country programme that will target industrialisation efforts in the republic, and support projects in sectors like mining, automotives and manufacturing

It becomes the 54th state to accede to the banking group, marking the formal entry of one of Africa’s largest economies into the Bank’s membership, “heralding deeper financial sovereignty,” an Afreximbank statement read.

The bank called the accession a “historic milestone” as the two partners seek to unlock trade opportunities “within a global financial architecture that is rapidly fragmenting due to protectionist policies and shifting trade blocks.”

The US$8 billion country programme aims to enhance industrial development and regional supply chains and boost intra-African trade and investment flows, Afreximbank said.

“We have put together what we consider an important package of US$8bn for South Africa,” said Dr George Elombi, the bank’s president and chairman.

“The country programme is aligned with South Africa's national development plan 2030 and national industrial and trade priorities, and targets key strategic areas.”

He added that Afreximbank’s current pipeline of projects in South Africa, at different stages of review, already exceeds US$6bn, spanning healthcare, financial services, manufacturing, energy and the industrial and mining sectors.

Leveraging Afreximbank’s trade infrastructure and pan-African reach, South Africa can also more readily diversify export markets and further regional economic integration.

South African President Cyril Ramaphosa called it a milestone in the quest to realise the economic integration of our continent.

“South Africa’s accession to the African Export-Import Bank affirms our commitment to African industrial development and to deepening trade, investment and development across our continent,” he said.

“Once finalised, the South African-Afreximbank country programme will be operationalised with a finance package that will initially support a range of strategic projects across the trade and industrial cluster.”

He said one of those areas to receive immediate effect will be the nation’s Transformation Fund with the aim of supporting more black businesses.

“This partnership will strengthen in more ways than one South Africa’s ability to support South African exporters, industrial projects and regional value chains while advancing our continent’s progress.”

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Modular design is the key to streamline product portfolios

Manufacturing

A new report from management consultancy Arthur D. Little warns that rising product portfolio complexity is quietly eroding profitability in the manufacturing sector, constraining digital growth, and limiting operational flexibility.

The study, Rise of Complexity in Manufacturing, highlights that companies must take decisive action to simplify their offerings and leverage modularisation to stay competitive.

“Unchecked complexity is a silent profitability killer,” the report states. “With resources limited and markets increasingly commoditised, companies must reduce product portfolio complexity to drive profitability and innovation.”

Manufacturers often expand product variants to meet customer demand, but without systematic portfolio pruning, these efforts generate hidden costs. Non-customer-facing complexity such as outdated products, excessive SKUs, and intricate internal processes can slow development, reduce scalability, and impede time to market.

The report identifies four key challenges for manufacturers: maintaining profitability amid market commoditisation, differentiating through digital solutions, ensuring supply chain resilience, and balancing legacy systems with emerging technologies such as new materials, battery-powered engines, or alternative fuels.

Arthur D. Little recommends a data-driven approach to complexity, starting with measuring the cost of complexity (CoC) across product lines and functions. A monetary proxy for CoC can capture inefficiencies in development, manufacturing, warehousing, and support, helping firms identify underperforming products for phaseout.

Strategic modularisation is highlighted as a crucial tool for managing complexity. By designing standardised, interchangeable product modules, manufacturers can simplify portfolios, accelerate time to market, and reduce costs while enabling cost-effective customisation.

The report cites Electrolux, which cut component numbers by 40% and reduced development time by 30% through modular design, and Siemens, which applied modularity to its industrial automation systems, reducing design time by 40% and improving scalability.

Arthur D. Little stresses that complexity reduction requires more than technical solutions: it demands cross-functional coordination, strong governance, and a cultural shift away from short-term gains. Companies must embed modular principles in product development, eliminate low-performing products, and ensure that both hardware and software systems are designed with simplicity in mind.

“Reducing product portfolio complexity is not a technical fix — it is a strategic transformation,” the report concludes. “By making complexity measurable, pruning underperforming products, and embedding modular design, manufacturers can release trapped value, improve speed to market, and build more resilient operations.”

The consultancy urges manufacturers to act decisively now, turning awareness of complexity into structured strategies for long-term profitability and innovation.