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African Review weekly digest - 6th - 10th November

(Image source: Komencanto/commons)

Here is a brief overview of the week’s news on African Review, from 6th - 10th November 2017

Konecranes receives repeat order to supply two floating cranes 

Konecranes, Finnish manufacturer and service provider of cranes and lifting equipment, has received a repeat order for two Konecranes Gottwald Model 8 Floating Cranes from Winning Logistics Company Limited in the Q3 2017. Click here to read the full story.  

Ethiopian Airlines group awarded four-star ranking by SKYTRAX 

Ethiopian Airlines, Africa’s largest airline group, has been awarded SKYTRAX four-star certification at a ceremony held in London on 8 November 2017. Click here to read the full story.  

Alfanar closes financing for 50MW Solar PV project in Egypt 

Alfanar has closed the financing for the construction and development of a 50MW solar PV plant which will be located in the proposed 1.8 GW Benban solar complex in Egypt's Aswan province. Click here to read the full story.  

Angola Cables to expand presence in South Africa 

Angola Cables has announced to establish a point of presence (PoP) in Cape Town before the end 2017, aiming to expand its network reach and peering capabilities in South Africa. Click here to read the full story.  

LTE subscriptions in sub-Saharan Africa rise to 310mn by 2023

The Ericsson Mobility Report projects that LTE subscriptions will rise by 47 per cent from 30mn in 2017 to 310mn by 2023 in sub-Saharan Africa. Click here to read the full story.  

Nokia and Vodacom join forces to shape the future of 5G in South Africa 

Nokia and Vodacom have partnered to deploy 5G technology across South Africa to enable Vodacom to enhance digitalisation for the benefit of companies and individuals. Click here to read the full story.  

Abuja statement adopted for economic growth in Africa 

Nigeria has adopted a declaration titled ‘The Abuja statement’ along with the Economic Community Of West African States (ECOWAS), World Trade Organisation (WTO), Friends of Investment Facilitation for Development (FIFD) and participants at the recent trade and investment facilitation partnership forum from 2-3 November 2017. Click here to read the full story.  

New ISO standard aims to reduce mining accidents 

With an aim to understand the precise factor of mining accident and to take preventive measures, ISO technical committee on mining (ISO/TC 82) has developed new ISO 19434 that gives each accident a code to classify them by type and by cause and consequences. Click here to read the full story. 

NDDC commissions US$10mn roads projects in Nigeria 

The Niger Delta Development Commission (NDDC) has commissioned a number of road projects in Delta state worth US$10mn, which include the Tebu-Gbokoda road in Olero Creek community, Udo-Ajamita road and drainages, Ireto road in Sapele and Uloho Avenue road in Ughelli. Click here to read the full story.  

Diamond Bank to sell its West African banking operations to focus on Nigeria 

Diamond Bank Plc, one of Nigeria’s fastest growing retail banks, has announced to sell its West African banking operations in order to focus on Nigeria’s retail banking opportunity. Click here to read the full story.  

Nigeria to make more policy changes for developing country’s economy: Osinbajo 

After Nigeria ranked significantly in the World Bank’s recent ease of doing business report, Yemi Osinbajo, vice-president of Nigeria, has commended Buhari administration for its reforms and stated that the government will continue its reform agenda to keep improving the nation’s economy. 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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