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African Review weekly digest - 7th - 11th August

(Image source: Komencanto/commons)

Here is a brief overview of the week’s news on African Review, from 7th - 11th August 2017

Nigeria's private sector growth hits a two-year high 

According to Stanbic IBTC Bank, July’s PMI survey signaled the sharpest overall improvement of business conditions in the Nigerian private sector for two years, as the economy extended the upturn seen throughout 2017. Click here to read the full story. 

A.P. Moller Holding to manage new African infrastructure fund 

The new fund will focus on investments in infrastructure in Africa to support sustainable economic growth in the region while delivering an attractive return to its investors. Click here to read the full story. 

South African construction prices forecast to rise by 7.4 per cent in 2017 

MMQSMace, a leading South African cost consultancy business, and Stellenbosch University’s Bureau for Economic Research (BER) have forecast a South African construction tender price growth of 7.4 per cent in 2017, including 5.3 per cent inflation, and an 8.8 per cent increase in 2018, including 5.1 per cent inflation. Click here to read the full story. 

TuNur plans to export solar energy from Tunisia to EU

TuNur Ltd, the UK-based private energy company, has filed an application with the Tunisian Ministry of Energy, Mines and Renewable Energy to develop 4.5 GW solar export project in the Sahara desert in southwestern Tunisia. Click here to read the full story. 

MTN partners with Fenix International to launch off-grid solar in Zambia 

MTN, Africa’s largest telecoms company, is extending its partnership with energy and financial services firm Fenix International to launch pay-to-own solar home systems in Zambia. Click here to read the full story.  

Asphalt plant reduces production costs 

The use of asphalt is considered a key element for an effective road building process, contributing to economic savings as well as environmental protection for sustainable road construction. Click here to read the full story. 

Cometto deliver steelwork transporter with new logo to South African business 

In the last few weeks, the first Cometto vehicles with the new logo have been delivered to the customers. The slogan "Propelled to the MAX" is now emblazoned on all vehicles. Click here to read the full story. 

UN: "Kenya must act to ensure peaceful elections" 

The Special Rapporteurs welcomed the Government’s commitment not to shut down the internet, urging the authorities to ensure that media and civil society could report on and scrutinize the poll unhindered. Click here to read the full story.  

Earthport partner Access Bank to expand into Nigeria, enabling inbound payments 

Earthport, the leading payment network for cross-border transactions, has announced that it has partnered with Access Bank Plc, one of Africa's foremost financial institutions, to provide delivery of cross-border payment services into Nigeria. Click here to read the full story. 

United Capital releases its outlook for Nigeria in 2017 

United Capital has released its Nigeria Outlook H2-2017 entitled After The Rain, released in July 2017. The full report can be viewed here. Click here to read the full story.

Nigeria Technical Cooperation Fund celebrates first ten years 

The Directorate of Technical Cooperation in Africa (DTCA) of Nigeria’s Ministry of Foreign Affairs and the African Development Bank (AfDB) celebrated the completion of the first life cycle of the Nigeria Technical Co-operation Fund (NTCF) in a ceremony in Abuja on 1 August 2017. 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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