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.
