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African Review weekly digest - 2nd - 6th October

(Image source: Komencanto/commons)

Here is a brief overview of the week’s news on African Review, from 2nd - 6th October 2017

Southern Africa's first SDLG wheel loader surpasses 5,000 operational hours 

The first SDLG wheel loader to be sold in Southern Africa – an LG958L – has surpassed 5,000 hours of demanding operations at a portside dry bulk facility in South Africa. Click here to read the full story. 

Ethiopian Airlines acquires a next-generation Airbus 

Ethiopian Airlines has signed a 12-year contract with Ping An Leasing for the lease of a new Airbus A350 XWB. Click here to read the full story. 

Solar PV grew faster than any other fuel in 2016: IEA 

New solar PV capacity grew by 50 per cent in 2016, with China accounting for almost half of the global expansion, according to the International Energy Agency's (IEA) latest renewable market analysis and forecast Renewables 2017. Click here to read the full story. 

AfDB approves US$200 million to IDC for industrialisation projects across Africa

The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$100mn and 1.3bn South African Rand to Industrial Development Corporation Plc (IDC) of South Africa where the operation will support industrialisation projects in both South Africa and other Regional Member Countries (RMCs). Click here to read the full story. 

South African mining industry sees a turnaround: PwC mine report 

Highlights from PwC’s ninth edition of SA Mine, a series of publications that highlights trends in the South African mining industry released by PwC. Click here to read the full story. 

Egypt overtakes South Africa as most attractive investment destination: RMB research 

Egypt has seized the number one spot from South Africa as the most attractive investment destination on the continent, according to Rand Merchant Bank's (RMB) Investment Attractiveness Index. Click here to read the full story. 

'Greater finance is needed to close the electricity access gap by 2030' 

Sustainable Energy for All (SEforALL) and partners announced on 18 September in New York, first-of-its-kind research analysing finance flows for electricity and clean cooking access in 20 countries across Africa and Asia with significant access gaps, and how finance strategies could be scaled and refined to reach more people, more affordable, with sustainable energy. Click here to read the full story.

Egypt overtakes South Africa as most attractive investment destination: RMB research 

Egypt has seized the number one spot from South Africa as the most attractive investment destination on the continent, according to Rand Merchant Bank's (RMB) Investment Attractiveness Index. Click here to read the full story. 

Kennametal develops a 'best of both worlds' solution in modular drilling technology 

Kennametal engineers have taken the strength and versatility of their proven KSEM modular drill system and combined it with the ease of use and low feed forces of its smaller companion drill, KenTIP. Click here to read the full story. 

Novelis ff2 aluminium chosen for South African shopping mall facade 

An exclusive shopping mall in the South African Waterfall City with a conspicuous façade made of Novelis ff2® pre-painted aluminium. Click here to read the full story. 

Siemens to accelerate power generation in Madagascar 

Siemens has signed a Memorandum of Understanding (MoU) with the Republic of Madagascar to identify measures for the country’s fast track power generation and to work towards increasing capacity by an additional 300MW by 2019. Click here to read the full story. 

Ghana to use wave energy to solve electricity crisis 

Ghana has entered into a partnership with Israeli company Yam Pro Energy to explore ways to use wave energy in order to meet energy supply crisis in the country. Click here to read the full story.

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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

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)

African countries will require over US$45bn in the coming eight years to plug the gap in its transmission systems. (Image source: Synergy Consulting)

BII commits US$75mn to second Green Basket Bond with Symbiotics Investments to finance small-scale green projects in Africa, South, and South-East Asia. (Image source:

Transforming Africa's digital economy: Data Centres powering growth, innovation, and sustainability in the digital era. (Image source: Adobe Stock)

The Linnhoff TSD1500 Asphalt Mixing Plant is undertaking crucial work on two rural road projects in Kenya. (Image source: Lintec & Linnhoff)

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