Here is a brief overview of the week’s news on African Review, from 28th August - 1st September 2017
Mechanical pipe systems offer cost and time savings to struggling commercial building sector
By Barry van Jaarsveld, Victaulic Regional Manager for Africa. The South African Property Owners Association (SAPOA) paints a rather bleak picture of the current South African commercial building sector in a recent quarterly report, stating that the national office vacancy rate is currently at its highest in 12 years. This is not surprising, given the fact that business capital investment in our country remains negative at -1.6 per cent, which often prompts a selective approach to capital allocation. The SAPOA report also indicates that office vacancy rates could deteriorate further before improving. Click here to read the full story.
Osinbajo inaugurates Edo fertiliser plant, urges private sector to help in country’s development
Yemi Osinbajo, the vice-president of Nigeria, has inaugurated the reactivated Edo Fertiliser Plant and Chemical Company Ltd in Auchi, which is said to have the capacity to produce 60,000 metric tonnes of fertiliser in a year. Click here to read the full story.
IMF executive board concludes EPE for Morocco
On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Ex-Post Evaluation (EPE) of exceptional access under the 2014–16 Precautionary and Liquidity Line (PLL) arrangement. Click here to read the full story.
Ghana converts nuclear research reactor from HEU to LEU fuel
Ghana has become the first of the five countries operating a Chinese-supplied Miniature Neutron Source Reactor (MNSR) to successfully convert and repatriate its irradiated HEU core to China. Click here to read the full story.
Stakeholders review Malawi’s economic performance
The International Monetary Fund (IMF) and the Government of Malawi co-sponsored a high-level international stakeholders conference in Lilongwe on 28–30 August 2017. Click here to read the full story.
Allianz expands African presence with acquisition of Ensure Insurance Plc. in Nigeria
Allianz Group announced today a binding agreement to acquire 98 per cent of Nigerian insurer Ensure Insurance Plc. from its core shareholder Greenoaks Global Holdings Ltd. Click here to read the full story.
New management appointments for the African Development Bank
The African Development Bank has announced five new senior appointments. Click here to read the full story.
Kenya's Vision 2030 on track after General Election
The construction industry in Kenya will continue to flourish following on from the re-election of Kenyan President Uhuru Kenyatta at the 2017 General Election. Click here to read the full story.
TriLinc Global Impact Fund makes important investments in Sub-Saharan Africa
TriLinc Global Impact Fund has announced this week that it has approved an additional US$37.5mn in term loan and trade finance facilities to companies operating in Sub-Saharan Africa, Latin America, and Southeast Asia, bringing total financing commitments as of 31 July 2017 to US$356.4mn for business expansion and socioeconomic development through its holdings in Sub-Saharan Africa, Latin America, and Southeast Asia. Click here to read the full story.
