In The Spotlight
Africa-focused data centre provider Raxio Group has announced that its 1.5MW facility in the Democratic Republic of Congo (DRC) has achieved the Tier Certification of Constructed Facility (TCCF) from Uptime Institute
The company inaugurated its state-of-the-art data centre in Kinshasa in 2024, marking the country’s largest data centre, and known as Raxio DRC1.
“Achieving the TCCF for our DRC data centre is a significant milestone for Raxio Group,” said Robert Saunders, the company’s chief technical officer.
“This certification not only demonstrates the resilience and adaptability of our team in overcoming many challenges but also reinforces our commitment to building and operating state-of-the-art data centres in emerging markets.”
It also underscores the growth and rising sophistication of Africa’s data centre network.
The Tier III certification process involved a rigorous four-day, on-site evaluation conducted by Uptime Institute engineers.
Every aspect of the DRC facility’s design and construction was tested, inspected and verified to ensure full compliance with Tier III standards.
Successfully passing every test validates that the facility has been built entirely in accordance with the approved design documents, underscoring Raxio’s technical expertise and unwavering dedication to quality, the company added in a statement.
“This prestigious certification reaffirms Raxio’s commitment to delivering world-class, reliable and high-performance data centre infrastructure across Africa,” it read.
With this latest certification, the company now boasts three Tier III certified facilities across its growing portfolio, further solidifying its reputation as a leading provider of cutting-edge data centre solutions in Africa.
“This achievement would not have been possible without the dedication and expertise of Raxio’s engineering team, whose technical leadership was instrumental in securing this certification,” the company’s statement added.
“Additionally, the project management office team played a crucial role in overseeing construction efforts, while the local technical operations team ensured the facility was ready for the Uptime Institute’s rigorous testing.”
Following the launch of its first facility in Uganda, Raxio now has a presence in Ethiopia, the DRC, Ivory Coast, Mozambique, Tanzania and Angola and is keen to expand its footprint further, with plans to build several new facilities over the next two years.
In December, Raxio announced that its facilities in Mozambique and Ethiopia had also achieved the prestigious Uptime Institute Tier III TCCF, underlining its commitment to delivering state-of-the-art, reliable and efficient data centre infrastructure across Africa.
The same month, it appointed a new chief executive, Robert Skjødt, to spearhead the company’s next phase of expansion, planning to at least double Raxio’s presence across the continent within the next three years.
“Our goal is to accelerate Africa’s digital growth responsibly,” he said on his appointment.
“By combining Raxio’s expertise in data centre development with sustainable energy practices, we can provide essential infrastructure that not only meets the needs of today but also preserves resources for future generations.”
Read more:
Powering the Civ1 data centre in Cote d'Ivoire
Raxio achieves Tier III facility certifications from Uptime Institute
Raxio launches Mozambique's first Tier III data centre
The Critical Minerals Africa Group (CMAG) is set to co-host a side event at this year’s Investing in African Mining Indaba in Cape Town
As an advocacy group dedicated to strengthening Africa’s role in global critical minerals markets, CMAG aims to position the continent at the center of international policy discussions.
The event, co-hosted with the Africa Finance Corporation and chaired by CMAG’s chief strategy officer, Olimpia Pilch, will convene industry experts to explore strategies for driving investment in Africa’s critical minerals sector.
Discussions will focus on the strategic significance of critical minerals for Africa, the impact of global demand on market dynamics, and the role of a diversified energy mix in the continent’s clean energy transition. Panelists will also examine ways governments can mitigate investment risks, lessons from successful projects worldwide, and actionable strategies for Africa to leverage its natural resources and strengthen its position in global supply chains.
Olimpia Pilch, CMAG’s chief strategy officer, stated, “There are plenty of ambitions on the African continent when it comes to extracting critical minerals, however, there are also plenty of misconceptions and a distinct lack of granular roadmaps on how to get there. Financing new critical minerals projects is challenging due to price volatility, geopolitical and political risk, and limited ex-China customers, among technical and technological obstacles. Specialist finance is constrained, and different types of financiers are needed at various stages of project development, further complicating project delivery.”
“I am excited to host this panel and discuss the realities of attracting African and foreign finance into critical minerals projects on the continent. We will dive into the current barriers and what needs to change if Africa is to utilise its abundant mineral wealth to generate growth and to help nations industrialise.”
CMAG’s CEO, Veronica Bolton Smith, added, “We are very much looking forward to co-hosting this event at Mining Indaba. One of the key themes of this year’s event is ‘maximising on Africa’s critical minerals endowment.’ This clearly aligns with CMAG’s goal of helping to create resilient, diversified supply chains that benefit the communities in which they are extracted – and to facilitate market entry for international players, to the benefit of all parties.”
“Africa needs investment if it is to unlock the full potential of its critical minerals. Conversations like this, and the actionable insights which come from them, play a crucial role in bringing that investment about.”
Boeing has delivered the first of four 787 Dreamliner aircraft to TAAG Angola Airlines, marking the introduction of the airline’s new livery
The 787-9, along with upcoming deliveries of the fuel-efficient widebody jets, will support the airline's fleet modernization and long-haul expansion, enhancing Angola's connectivity for both travelers and trade with the industry's most advanced commercial aircraft.
The first 787 Dreamliner, leased from AerCap, arrived in Luanda ahead of Angola’s Liberation Day on February 4, coinciding with nearly 50 years since TAAG Angola received its inaugural Boeing 737-200.
“The delivery of the 787-9 is a pivotal step in our strategy to modernize TAAG Angola Airlines’ fleet,” said Nelson Pedro Rodrigues de Oliveira, CEO of TAAG Angola Airlines. “This airplane brings the efficiency and versatility we need to meet growing market demands, replace our ageing widebody fleet, and deliver a world-class experience to our passengers.”
Currently, TAAG Angola Airlines operates five 777-300ERs, three 777-200ERs, and seven Next-Generation 737s, serving 12 destinations across Africa, Europe, South America, and China. The addition of the 787 Dreamliner will enable the airline to expand its long-haul operations, with plans to launch new routes to Europe and explore opportunities in Asia and North America.
“The 787 Dreamliner will complement TAAG Angola Airlines’ fleet of Boeing 737 and 777 jets, as we continue to support the airline in its mission to connect people and places across the globe,” said Anbessie Yitbarek, vice president of Boeing Commercial Sales for Africa. “Our 50-year relationship with TAAG Angola Airlines has been built on trust and shared goals, and we look forward to many more years of successful collaboration and innovation together.”
TAAG Angola Airlines ordered the 787 Dreamliner in 2023 as a cornerstone of its modernisation strategy. Known for its cutting-edge technologies, fuel efficiency, and superior passenger experience, the 787 Dreamliner achieves up to 25% reductions in fuel consumption and CO2 emissions compared to the aircraft it replaces.
In tandem with the delivery of its first 787 Dreamliner, TAAG Angola Airlines is collaborating with Boeing to purchase CO2 emissions reductions related to blended Sustainable Aviation Fuel (SAF) via a book-and-claim process. Distributors will ensure that the SAF, available through these purchased certificates, reaches nearby airports for use by airlines and other carriers.
Boeing's Commercial Market Outlook estimates that Africa will require 1,170 new airplanes over the next 20 years. Boeing has been the backbone of Africa’s commercial aviation fleet for over 75 years, with more than 60 airlines operating nearly 500 Boeing aircraft across the continent, representing almost 70% of the regional airplane market.
In another news read: Lobito Atlantic Railway strengthens transport capacity
In the final webinar of its African Review-hosted 2023 campaign, Convergent Group explored its modern, eco-friendly concrete solutions for African projects
Such solutions – delivered to cut maintenance costs by eliminating hazardous silicate products – were showcased by company experts in the form of Jean-Claude Biard, SEO of Convergent Group SA; Mputu Schmidt, former CEO of Convergent Group SA and founder of Bondeko MB (exclusive distributor of Convergent Group in Africa); Carlos Garcia, technical and sales for ADI Group (Spanish distributor for Convergent Group); and Amritpal Singh Sura, external consultant for flooring treatments, former distributor of Convergent products in the Middle East.
“A number of projects we were doing in the Middle East required protection,” remarked Sura. “Longevity of protection requires a system which basically impregnates and becomes a densified surface as opposed to something which is topical and lifts off due to moisture migration. I found that being exposed to Convergent, it was important to stay focused on those systems in the Middle East. Jean-Claude, Mputu and I met several times in Dubai and there was emphasis on providing systems which were affordable and still ending up having a robust, lasting longevity of product. So you are not spending money all the time in order to maintain the finishes which you have already paid for.”
Over the course of the session, the participants guided the audience through the potential of cutting-edge lithium silicate technology for enhancing the protection of concrete surfaces, maximising cost-effectiveness and meeting sustainability targets.
In a comprehensive webinar hosted by African Review, a panel of professionals associated with Convergent Group explored new generation lithium silicate technology and why it is emerging as the optimum solution for concrete floor protection.
Robert Daniels, editor of African Review, was joined by Jean-Claude Biard, CEO of Convergent Group; Mputu Schmidt, former CEO of Convergent and founder of Bondeko MB, an exclusive distributor of Convergent; Hicham Sofyani, president of Texol; Carlos Garcia, technical and sales for ADI Group; and Marc Puig, commercial manager of Comace Import.
Each providing a unique angle, the panellists combined to provide a masterclass around concrete treatments and the increasing challenges around them, explaining to attendees how to choose the right formula for their requirements and touching on issues such as why lithium densifiers are better than sodium and potassium densifiers.
Throughout the session, those watching were treated to informative case studies showcasing how Convergent eco-friendly products are increasing abrasion resistance, raising ease of maintenance, and ensuring the highest quality gloss retention.
By the end of the webinar, a majority of attendees (many of which had not had much experience with Convergent) expressed their interest in using the company’s new generation lithium silicate technology with the rest indicating their desire to learn more about Convergent and its products. Watch the webinar, in full, to discover why viewers were convinced and learn more about advanced floor care solutions for your operations.
Presenting on an African Review-hosted webinar, Martin Provencher, global industry principal for mining, metals and materials at AVEVA, explored the digital transformation of mining operations and its impact on sustainability.
“Sustainability is becoming a key aspect for mining operations,” remarked Provencher. “If we look at the latest EY research on the top ten business risks and opportunities for mining and metals globally in 2023, ESG remains at the top. Of course, most companies have environmental goals or are expected to reach a net zero emission by 2050, which is a pretty aggressive target. Many of them are targeting 30% reduction by 2030; seven years from now. So there is a lot of action that needs to take place quickly to get there. It is possible to get there, but we need to make sure we are doing this correctly.”
Fast becoming a huge part of ESG initiatives is fleet electrification where particular progress is being made in underground mines. While some countries are certainly more advanced than others here, Provencher noted that 40% of total emissions from the mining industry come from diesel trucks, making EVs a very attractive low-hanging fruit for companies to pursue.
There are, however, a number of challenges associated with bringing in electric vehicles which remains a barrier for introduction. One of the predominant reasons, is the limited range of EVs against diesel counterparts. To mitigate this, Provencher continued, data management is key and ensuring a strong grasp of real-time information coming in will show operators when machinery needs to be charged, allowing them to plan effectively for maximum efficiency on site.
Indeed, this is but a small advantage that digitalisation can bring to the mining industry as it grapples to meet ESG goals while achieving production targets. By getting a better grip of their data and using it to empower tools such as artificial intelligence, advanced analytics and machine learning, companies can achieve tangible benefits such as reduce downtime, enhance worker safety, cut operating costs and, of course, ensure compliance with environmental regulations and targets.
Through the course of the webinar, Provencher outlined this in more detail and explored AVEVA’s suite of cutting-edge software solutions, specifically designed to help mining companies make progress on their digitalisation journey and empower their operations.
Watch the full webinar, completed with detailed case studies and an insightful Q&A session.
Convergent, in association with African Review, has held a detailed webinar exploring the usage and effectiveness of lithium silicates and densifiers over traditional methods of concrete surface management which often struggle to meet the increasing challenges posed by concrete surface management.
Convergent experts including Mputu Schmidt, CEO of Convergent; Carlos Garcia, product manager end-user solutions, construction chemicals, Spain and Portugal for the RD Group; Matteo Mozzarelli, CEO of concrete Solutions Italia; and Jean-Claude Biard, global senior executive for the Convergent Group, presented across the session.
Together, they delved into the latest cost-effective application methods for long lasting finishing of concrete that can help reduce maintenance costs and avoid unexpected repair action. In addition, they examined the advancements in technologies that can sustain increased abrasion resistant stains and ensure gloss retention to the highest quality.
As part of the webinar, the representatives explored case studies including a case in DRC where a medical centre had been constructed with a low-quality concrete floor. The customer was considering completely replacing the floor but instead, Convergent put forward a special treatment with its 244+ Pentra-Sil lithium hardener, densifier and sealer. With this solution, Convergent can increase the hardness of a surface by up to 40% and therefore saved the customer significant recuperation costs over a complete replacement. Convergent were happy to report that the solution was perfect for the facility and the customer was pleased to avoid the extra construction work that would have been required for a complete replacement.
Watch the full webinar, including more information about Convergent’s innovative solutions.
Richards Bay Minerals (RBM) has finalised its third Power Purchase Agreement (PPA), partnering with Red Rocket South Africa (Pty) Ltd for Phase 1 of the Overberg Wind Farm
Located near Swellendam in the Western Cape, the Overberg Wind Farm is set to commence construction in the first half of 2025, with operations expected to begin by December 2026. The project will be developed in two phases, with RBM securing 230MW of the total 380MW export capacity. Once operational, the wind farm is projected to cut RBM’s greenhouse gas (GHG) emissions by approximately 30% annually (0.7 Mt CO2e).
With this latest agreement, RBM has now committed to approximately 500MW of renewable energy through various PPAs.
RBM’s renewable energy transition began with the announcement of the Bolobedu Solar PV project in October 2022. Situated about 120 km east of Polokwane in Limpopo, the 130MW solar plant is designed to generate approximately 300 GWh of energy annually, with construction already underway.
In June 2024, RBM secured another renewable energy deal with the Khangela Emoyeni Wind Farm, located near Murraysburg, spanning the Western Cape and Northern Cape provinces. This 140MW wind project, which began construction in July 2024, is expected to supply RBM with around 460 GWh of renewable energy per year through a wheeling arrangement with Eskom.
A quicker transition?
Commenting on RBM’s renewable energy commitments, Werner Duvenhage, managing director of RBM and Rio Tinto Iron and Titanium (RTIT) African Operations, stated, “This announcement comes shortly after the United Nations International Day of Clean Energy on 26 January 2025, which reminds us of the need to transition from our reliance on fossil fuels for the betterment of our planet and people. At RBM, we are taking real action to displace electricity generated from coal with solutions like solar PV, wind, and other renewable technologies.
“The Overberg Wind Farm project represents the biggest project in RBM renewable energy procurement and is a key step towards RBM achieving its commitment in line with the target set by the Rio Tinto Group, to reduce its emissions by 50% by 2030, relative to the 2018 baseline, and achieve net zero by 2050.”
Matteo Brambilla, CEO of Red Rocket South Africa, emphasised the impact of the project, remarked, “The signing of this PPA for the Overberg Wind Farm is a significant milestone in our ongoing partnership with Richards Bay Minerals. This project will deliver 230MW of clean energy to the South African grid, driving positive environmental impact for RBM while contributing to South Africa's energy transition. At Red Rocket, we are proud to support RBM's commitment to a more sustainable future and to be at the forefront of delivering innovative, impactful renewable energy solutions.”
RBM currently consumes approximately 1.8 TWh (Terawatt-hours) of electricity per year, with energy use accounting for about 1.6 Mt CO2e—roughly 80% of its annual GHG emissions.
Collectively, the three renewable energy projects—Overberg Wind Farm, Khangela Emoyeni Wind Farm, and Bolobedu Solar PV—are expected to reduce RBM’s Scope 1 and 2 emissions by around 60% (1.4 Mt CO2e) from a 2018 baseline.
South Africa’s Condra is to manufacture a second overhead crane for Tongaat Hulett’s Maidstone sugar mill in KwaZulu-Natal
The order is for a 23-metre-span double girder electric overhead travelling crane with 25-ton main hoist and 8-ton auxiliary, to work in conjunction with the existing millhouse crane and a 10-ton Condra crane commissioned in the bagasse store in March 2024. The value of the order was not disclosed.
Maidstone is one of four South African sugar mills operated by Tongaat Hulett, a leading agriculture and agri-processing company.
In the bagasse store, the 10-ton crane is already used to move and position conveyors feeding fibrous raw residue (bagasse) into Maidstone’s secondary processing system. Left over as waste after harvesting juice from the sugarcane, bagasse is used after processing as a biofuel, and in the manufacture of paper pulp and building materials.
The new 25/8-ton crane will help operate and maintain the mill house.
“Condra was able to meet Tongaat Hulett’s technical requirements for Maidstone’s new crane because of modular products that facilitate manufacture of a customised lifting solution; this instead of having to shoehorn a standard machine – often imported – into the application, an approach frequently followed by rival firms,” the company said in a 3rd February statement.
“Such modular design comes very close to the theoretical ideal: all elements of the crane – hoist, crab, end-carriages, drives and controls – are themselves assembled from a wide array of component parts. Only the crane girders are manufactured from scratch.
"For Tongaat Hulett’s new mill house crane, Condra precisely tailored its design to match the specification, paying particular attention to combinations of rope, drum and pulley to achieve the necessary hoist reeving arrangements for accurate load positioning over the considerable lifting heights of 12 metres on the main hoist, and 12.2 metres on the auxiliary.”
A striking feature will be the air-conditioned control cabin with docking station for the remote control instead of the more usual hard-wired control panel.
This will allow the operator to use the same control unit for remote operation from the floor, from overlooking office, or docked within the cabin as an integral part of the cabin’s dashboard.
There will be digital read-outs from hoist loadcells, while an independent pendant control will provide back-up and additional flexibility.
An ultrasonic anti-collision system will reliably prevent accidental contact with the existing mill house crane that will remain in the bay.
Other features include frequency drives on the long travel, cross travels and hoists, full-length walkways with fibreglass grating on both sides of the crane, IP65 brakes, IP65 panels, stainless steel fasteners, floodlights, safety lights and siren, full seam welds with rounded edges, lifting lugs and a special paint finish.
Besides the installed 10-ton crane and 25/8-ton crane on order, Condra has previously delivered a monorail hoist and crawl to Tongaat Hulett’s Zimbabwe mill.
Delivery of the new 25/8-tonner is scheduled for April, with installation and commissioning to be executed by authorised agent Natal Cranes & Hoists.
Read more:
Condra celebrates sands crane order
At the African Mining Indaba 2025 in Cape Town, the African Export-Import Bank (Afreximbank) urged African nations to take control of their natural resources, create employment opportunities, and establish industries that foster long-term prosperity
Addressing an audience of African leaders, policymakers, mining executives, and global stakeholders, the bank emphasised the need for strategic transformation in the continent’s mining sector.
Speaking at the ministerial symposium, Denys Denya, Afreximbank’s senior executive vice-president, underscored that Africa stood at a pivotal moment. He warned that the continent must choose between continuing to export its raw materials with minimal returns or implementing decisive measures to take ownership of its resources.
“While the global mining industry generated approximately US$1.7 trillion in revenue in 2023, Africa’s share of this wealth remains disproportionately low. Our continent extracts the raw materials that power the world’s industries, yet it is estimated that we retain as little as between 4% and 20% of the total value of our minerals due to minimal local processing and limited downstream development. The result? Lost economic opportunities, exposure to volatile commodity cycles and a persistent reliance on external markets for refined products derived from our own resources,” stated Denya.
“The choice is ours. The time to act is now. Let us work together: governments, financial institutions, investors, and industry players to build an Africa where mining is not just about extraction but about transformation, innovation and wealth creation,” remarked Denya.
Stronger collaboration
He highlighted that Africa possesses the necessary resources, market potential, and policy frameworks to evolve from a raw materials exporter into a globally competitive industrial powerhouse. However, he stressed that achieving this vision requires decisive action from all stakeholders. “Policymakers must implement clear, enforceable regulations that mandate local value addition and create investment-friendly environments. Private sector investors must step up with capital and technology to develop processing, refining, and manufacturing facilities.”
Denya called for a fundamental shift in Africa’s approach to mining, advocating for investment in refining, smelting, and advanced manufacturing rather than just extraction. “We must move beyond extraction and invest in refining, smelting and advanced manufacturing. African nations must increase local processing capacity for minerals such as bauxite, lithium, cobalt and iron ore,” Denya continued.
He also stressed the importance of regional cooperation, noting that no single country can develop a complete mining value chain in isolation. He pointed to the African Continental Free Trade Area (AfCFTA) as a key mechanism for strengthening intra-African mineral value chains and fostering cross-border collaboration. Additionally, he emphasised the need for capital investment in mining-related infrastructure, technology transfer, and workforce development.
“Our mining policies must also prioritise environmental, social and governance standards, ensuring that mining benefits communities rather than displacing them,” he added. He argued that such an approach would generate millions of skilled jobs for Africa’s youth, reduce dependence on volatile international markets, and boost intra-African trade.
Reaffirming Afreximbank’s commitment to Africa’s mining sector, Denya revealed that the bank had approved over US$1bn in financing for mining and mineral sector projects over the past three years. This includes funding for a bauxite processing plant in Guinea, support for the expansion of a manganese processing plant in Gabon, and working capital financing for a diamond company in Botswana.
Among other significant initiatives, Afreximbank is backing a petrochemical fertiliser plant in Angola, a titanium dioxide pigment plant in South Africa, and a feasibility study for a limestone processing plant in Malawi.
Denya also highlighted the role of the US$10bn AfCFTA Adjustment Fund, managed by Afreximbank’s investment arm, FEDA, in supporting businesses and countries adapting to the new trade regime. He noted that the bank’s efforts to harmonize standards and implement the Africa Collaborative Transit Guarantee Scheme would ease cross-border movement of minerals and mining equipment, addressing logistical challenges.
Additionally, Afreximbank is leveraging digital solutions such as the Africa Trade Gateway and the Pan-African Payment and Settlement System to enhance market access and streamline transactions. These tools aim to maximise Africa’s mineral wealth for industrialisation, value addition, and economic resilience.
Denya also underscored Afreximbank’s efforts to overcome infrastructure limitations that impede industrial growth. He highlighted the bank’s collaboration with development partners in expanding industrial parks and special economic zones (SEZs).
One of the most groundbreaking initiatives under this framework is the DRC/Zambia Electric Vehicle Battery Manufacturing Special Economic Zones. This project is positioning Africa as a key player in the global energy transition by establishing battery precursor SEZs, enhancing the two nations’ competitiveness in the battery electric vehicle value chain.
Boeing has delivered the first of four 787 Dreamliner aircraft to TAAG Angola Airlines, marking the introduction of the airline’s new livery
The 787-9, along with upcoming deliveries of the fuel-efficient widebody jets, will support the airline's fleet modernization and long-haul expansion, enhancing Angola's connectivity for both travelers and trade with the industry's most advanced commercial aircraft.
The first 787 Dreamliner, leased from AerCap, arrived in Luanda ahead of Angola’s Liberation Day on February 4, coinciding with nearly 50 years since TAAG Angola received its inaugural Boeing 737-200.
“The delivery of the 787-9 is a pivotal step in our strategy to modernize TAAG Angola Airlines’ fleet,” said Nelson Pedro Rodrigues de Oliveira, CEO of TAAG Angola Airlines. “This airplane brings the efficiency and versatility we need to meet growing market demands, replace our ageing widebody fleet, and deliver a world-class experience to our passengers.”
Currently, TAAG Angola Airlines operates five 777-300ERs, three 777-200ERs, and seven Next-Generation 737s, serving 12 destinations across Africa, Europe, South America, and China. The addition of the 787 Dreamliner will enable the airline to expand its long-haul operations, with plans to launch new routes to Europe and explore opportunities in Asia and North America.
“The 787 Dreamliner will complement TAAG Angola Airlines’ fleet of Boeing 737 and 777 jets, as we continue to support the airline in its mission to connect people and places across the globe,” said Anbessie Yitbarek, vice president of Boeing Commercial Sales for Africa. “Our 50-year relationship with TAAG Angola Airlines has been built on trust and shared goals, and we look forward to many more years of successful collaboration and innovation together.”
TAAG Angola Airlines ordered the 787 Dreamliner in 2023 as a cornerstone of its modernisation strategy. Known for its cutting-edge technologies, fuel efficiency, and superior passenger experience, the 787 Dreamliner achieves up to 25% reductions in fuel consumption and CO2 emissions compared to the aircraft it replaces.
In tandem with the delivery of its first 787 Dreamliner, TAAG Angola Airlines is collaborating with Boeing to purchase CO2 emissions reductions related to blended Sustainable Aviation Fuel (SAF) via a book-and-claim process. Distributors will ensure that the SAF, available through these purchased certificates, reaches nearby airports for use by airlines and other carriers.
Boeing's Commercial Market Outlook estimates that Africa will require 1,170 new airplanes over the next 20 years. Boeing has been the backbone of Africa’s commercial aviation fleet for over 75 years, with more than 60 airlines operating nearly 500 Boeing aircraft across the continent, representing almost 70% of the regional airplane market.
In another news read: Lobito Atlantic Railway strengthens transport capacity
The State of Libya has officially joined the African Export-Import Bank (Afreximbank), becoming the 53rd member, marking an important step toward enhancing continental trade and economic integration
This accession reflects Libya’s commitment to advancing Africa’s integration agenda through trade and investments, particularly in North Africa.
This partnership opens the door for Libya and Afreximbank to collaborate on several key development projects, with a focus on trade facilitation, infrastructure, and financial support. Notable projects include financing the development of the Misurata Free Zone and the construction of a road linking Libya, Chad, and Niger, which is expected to boost intra-African trade. Afreximbank will also provide technical and financial support to the Sahel-Saharan Bank for Investment and Trade (BSIC) to expand its operations in East Africa and assist Libyan exporters in gaining access to trade finance and African markets.
Minister Al-Mabrouk Abdullah highlighted the strategic importance of this partnership for Libya’s economic reconstruction and diversification, stated, “This partnership will not only provide vital financial and technical support to Libya but will also enhance the country’s role in intra-African trade.”
Benedict Oramah, president and chairman of Afreximbank, welcomed Libya’s membership, emphasizing the country’s historical significance within the continent:
“We are excited to warmly welcome the State of Libya to the Afreximbank Global Africa family. Libya’s historical connections with the rest of the continent positions it as a crucial player in advancing continental trade and economic integration. By joining, Libya’s Public and Private Sector entities will gain access to our extensive range of funded and unfunded products and services, particularly those geared towards deepening Libya-Africa trade and investment relations, investing in trade-enabling infrastructure, as well as transforming the structure of the Libyan economy.”
Libya’s GDP reached US$50.49bn in 2023, ranking it as Africa’s 12th largest economy. However, less than 10% of its trade is with other African nations. This partnership with Afreximbank offers a unique opportunity for Libya to expand its trade ties across the continent and drive economic growth.
ArcelorMittal has taken the decision to wind down its Longs Business in light of sustained challenges
According to the company, issues around weak economy growth, high logistics and energy costs and an influx of low-cost steel imports (particularly from China) have left the Longs Business unsustainable. As a result, despite long consultations with government and stakeholders to find viable solutions to maintain the business, the decision was made to transition the Longs Business into care and maintenance. As such, steel production is anticipated to cease by late January 2025 with the remaining production processes to be wound down in Q1 2025.
“It is with deep regret that we must take this difficult decision,” said CEO Kobus Verster. “Over the past year, our employees and dedicated management team have shown remarkable commitment and resilience in the face of serious uncertainty. Unfortunately, despite everyone's best efforts, including significant engagement with stakeholders, the structural challenges in the Longs Business were not resolved. While this outcome is deeply disappointing, especially given the economic challenges facing South Africa, we remain focused on securing a sustainable future for the remaining operations.”
The company has estimated that approximately 3,500 direct and indirect jobs will be affected by this change with a broader economic effect on induced jobs.
Despite this setback, Verster made clear the company’s commitment to long-term sustainability and competitiveness, with a focus on improving the Flats Business. ArcelorMittal South Africa will focus on re-establishing itself as a champion of innovative, export-driven, steel-based industrialisation for South Africa, sub-Saharan Africa, and other key geographies.