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African Review weekly digest - 20th - 26th March

(Image source: Komencanto/Commons)

Here is a brief overview of the weeks new on africanreview.com from 20 - 27 March 2017

World Bank announces record US$57bn for sub-Saharan Africa 

Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim, announced on 19 March that a record US$57bn in financing for Sub-Saharan African countries over the next three fiscal years. Read more here. 

A look ahead to Africa Renewable Energy Leaders’ Summit in April 

On 4-5 April 2017, over 200 experts and government representatives from Kenya, Ethiopia, Burundi, South Sudan, Tanzania, Rwanda, and Uganda will gather in Nairobi to discuss the present and future of green energy in East Africa at the first Africa Renewable Energy Leaders’ Summit (ARELS). Read more here. 

NNPC to invest US$15bn into 4000MW gas power plants 

The Nigerian National Petroleum Corporation (NNPC) announced on 20 March that it would invest around US$15bn to build gas-based power plants in the West African country, contributing 4,000MW over the next decade. Read more here. 

MB Crusher turns mobile plants into one-machine operation at ConExpo 2017 

MB Crusher appeared at CONEXPO-CON/AGG 2017 in Las Vegas, crushing and screening with an excavator and skid loader, turning each equipment into its own one-machine mobile plant. Read more here. 

Grove GMK5250L makes its southern African debut in Botswana 

Officials at Jwaneng diamond mine, Botswana have taken delivery of the mine’s first 250 t Grove GMK5250L all-terrain crane. Read more here. 

Moroccan tech city boosted by US$10bn preliminary funding deal 

The new industrial and technology hub, located close to the city of Tangiers, will be funded by Chinese group Haite 002023.SZ, BMCE's Bank of Africa and the Moroccan government. Read more here. 

Former NBA player's Nigeria-based online travel agency set to expand across Africa and internationally 

Obinna Ekezie, a former NBA player, launched Wakanow, a Nigeria-based online travel agency which has now expanded into the UK and UAE, with plans to grow within the African continent. Read more here. 

Iveco returns to Kenya with US$22mn assembly plant in Mombasa

Industrial Vehicles Corporation, more commonly known as Iveco, which is owned entirely by CNH Industrial Group, is targeting a construction of a US$22mn assembly plant in Mombasa, Kenya. Read more here. 

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The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Latest news

The AfDB board complemented Transnet for progress made in rolling out its compliance and governance improvement programme. (Image source: AfDB)

The new data centre is ‘EcoStruxure-ready’, with components of the installed EcoStruxure for Data Centers platform solution. (Image source: Schneider Electric)

d.light has a proven track record in the use of securitised finance to support its solar-powered household products in sub-Saharan Africa. (Image source: d.light)

Ghana’s President, Nana Addo Dankwa Akufo-Addo, speaking at the launch. (Image source: Office of the President, Republic of Ghana)

Dietmar Siersdorfer speaking at Africa Energy Forum in Barcelona. (Image source: Siemens Energy)

The generator set fitted with a Perkins 1103 is providing vital backup power at the St Patrick School in Uganda. (Image source: Perkins)

5G technology deployment will take place later this year. (Image source: Adobe Stock)

Spiro will draw from its experience in Kenya, Benin, Togo, Rwanda and Nigeria as it launched in Uganda. (Image source: Spiro)

According to IRENA, concrete policy actions and massive mobilisation of finance at full speed is required in order to meet the 2030 target. (Image source: Adobe Stock)

The distributor will hold specialised training and empowerment sessions to enable its channel network to effectively deliver Vertiv’s portfolio, as well as managing inventory to serve the market. (Image source: Vertiv)

The HQ is expected to be completed and handed over by February 2025. (Image source: ECOWAS)

Africa’s share of global manufacturing only sits at around 2% today. (Image source: Adobe Stock)

There are numerous but not insurmountable challenges facing Africa's aviation sector, according to IATA. (Image source: Adobe Stock)

Africa Energy Forum 2024 was held in the Fira de Montjuïc in Barcelona. (Image source: ACP)

The quality design and manufacture of SEW-EURODRIVE South Africa’s panels and enclosures can be suited to any customer requirement wall mounts. (Image source: SEW-EURODRIVE)

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