US President Barack Obama’s Power Africa initiative is steadily garnering support from investors and financial institutions within Africa
Finance
Samsung launches jet engine air conditioner
Samsung Electronics South Africa has announced the launch of Q9000 jet engine air conditioner, which will use jet engine technology to cool or heat air faster than conventional units
African Energy acquires Aviva’s Botswana coal project
African Energy has completed the acquisition of Aviva Corporation’s 1.3bn tonne-resource Mmamantswe Coal Project in Botswana
Mota-Engil to invest US$36 million in Zambia
Portuguese construction firm Mota-Engil has outlined plans to invest US$36mn in Zambia in an attempt to expand its footprint into the southern African nation
Fusion acquires stake in Rusororo Aggregate
Fusion Capital has acquired a 46.5 per cent equity stake in Rwandan large scale aggregate mining company Rusororo Aggregate