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African Review weekly digest - 3rd - 7th July

Here is a brief overview of the week’s news on African Review, from 26th - 30th June 2017  

DTB and Mastercard partner to drive digital payments in Kenya 

Diamond Trust Bank Kenya (DTB) and Mastercard have announced their partnership to roll-out the DTB Masterpass QR app in Kenya, a mobile payment solution that will enable millions of businesses to accept fast and secure digital payments from consumers. Click here to read the full story.

Italy’s ICM wins US$390mn Konza smart city contract 

Kenya awarded a contract worth US$390mn to Italian Impresa Construzioni Guiseppe Maltauro (ICM) for the construction of the country’s first smart city Konza, which is a key plank of Kenya’s ambition to become East Africa’s technology hub. Click here to read the full story. 

World Bank approves US$345mn loan for Dar es Salaam port in Tanzania 

The World Bank has granted a loan of US$345mn to Tanzania government, for the expansion of a port in Tanzania’s commercial capital Dar es Salaam, which is expected to be turned into a regional trade gateway for the East African country. Click here to read the full story. 

Mo Ibrahim Foundation announces the 2017 Leadership Fellows from Liberia, Botswana and Senegal 

The three Ibrahim Fellows are Robtel Neajai Pailey (Liberia) who will join the African Development Bank (AfDB), Ndapiwa Segole (Botswana) who will join UN Economic Commission for Africa (UNECA) and Oulimata Fall (Senegal) who will join International Trade Centre (ITC). Click here to read the full story. 

Aggreko acquires Younicos for green energy future 

Scottish temporary power firm Aggreko announced the takeover of German-US based Younicos, a move that is aimed at reducing the energy cost to Aggerko’s customers and bringing about a reliable and green power to the international market. Click here to read the full story. 

Revolutionary new power genset for African mining and construction 

KOHLER-SDMO enters a new era with the launch of its KD Series, cementing its position in the power generation market. Click here to read the full story.

Spillovers from China’s soft landing on developing Africa 

China, the world’s second-largest economy, has assisted the African region through greater inflows of bilateral aid, trade, and infrastructure spending, especially over the past two decades – thus helping to raise the continent’s potential growth and business profile in external markets. Click here to read the full story. 

Smart automation control platforms are essential for future power generation 

Integration of new power generation sources as they develop over the next decade will require advanced automation to create intelligent systems and find increased efficiency on a macro and micro scale. Click here to read the full story. 

OK TRUCKS offer Iveco guaranteed second hand trucks across Africa 

OK TRUCKS offers a broad showcase of products for customers interested in a second-hand vehicle that is safe, reliable and guaranteed by IVECO. Click here to read the full story. 

Energy diversity a priority across Africa 

Multiple African countries are embracing energy diversity as a means of meeting the multiple challenges for powering the continent at a domestic, commercial and industrial level. Click here to read the full story. 

African Review

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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)

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

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

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

Latest news

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)

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)

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