The government has estimated that the probable reserve of bitumen in Ondo State is 16 billion barrels. (Image source: PublicDomainPictures/Pixabay)
Nigerian government has estimated that the probable reserve of bitumen in Ondo State is 16 billion barrels, while that of tar sands and heavy oil is estimated at 42 billion barrels, approximately 120km, the second largest deposit of bitumen in the world
cap: This transaction represents Vantage Capital’s 29th mezzanine investment across three generations of funds in ten African countries. (Image source: Vantage Capital Group)
Vantage Capital, Africa’s one of the leading mezzanine fund managers, has provided US$4.89mn of mezzanine funding for the development of Kayalane Heights, a first-of-its-kind affordable housing development located in Lebowakgomo, Limpopo
The proceeds will be used for the construction and rehabilitation of 44 roads in the six geopolitical zones in the country. (Image source: Robert Owen-Wahl/Pixabay)
The Nigerian government has handed over US$419.50bn to the Ministry of works for the proceeds of the third Sukuk Bond that it recently raised
The DMO allotted US$420mn to investors in the third Sovereign Sukuk and the proceeds will be used to finance 44 critical road projects across the six geopolitical zones of Nigeria. (Image source: 4939/Pixabay)
The Nigerian Debt Management Office (DMO) has announced an oversubscription of its US$390mn third Sovereign Sukuk bond by 446 per cent, attracting US$1.72bn in total
The Guyuk Cement Plant will be the major investment in the North East by BUA and solicited for support of governor Umaru Fintiri to set up the factory in Guyuk. (Image source: BUA Cement)
BUA Cement, one of West Africa’s leading cement companies, is set to establish a three million metric tonnes cement plant and 50MW power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria
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)
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)
Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)
The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)
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)
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)
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)
The pylon spires of South Africa's Msikaba Bridge mega project are on their way up, soon to be almost 130 m high at each side of the deep river gorge. (Image source: Concor)
US$4bn in capital investments is required between now and 2030 to reach universal access to clean cooking in sub-Saharan Africa. (Image source: Adobe Stock)
The agreement was witnessed by Prime Minister of Egypt, HE Moustafa Madbouly and HE Mohamed Shaker, Minister of Electricity and Renewable Energy of Egypt. (Image source: Infinity Power)
According to Rokbak, knowing the capabilities and limits of your hauler puts you in control. (Image source: Rokbak)
The opening of the new facility took place during the Elevate Africa Conference. (Image source: CCI Global)
The break to load shedding has been a welcome relief for South African businesses. (Image source: Adobe Stock)
The project prioritises the development of climate resilient infrastructure. (Image source: AFC)
The project was initially awarded to AMEA Power through an international tender programme that was launched by Tunisia’s Ministry of Industry and SMEs. (Image source: AMEA Power)
According to Danfoss, BOCK’s renowned compressors are a natural fit for its existing solutions range. (Image source: Danfoss)
The SEW-EURODRIVE gearbox offering allows for a plug and play solution on existing centre pivot irrigation equipment, presenting a valuable and unique concept to the local agricultural sector. (Image source: SEW-EURODRIVE)
The new facility, powered by Wärtsilä, will help address Nigeria’s increasing demand for cement. (Image source: Wärtsilä)
Both barcode and RFID readers are used in integrated intelligent manufacturing solutions. (Image source: Brady)
Ayman Ashour, CEO of Siemens Mobility Turnkey MEA. (Image source: Alain Charles Publishing)
Advantages of MSC solutions include one-stop shop convenience, an efficient claim process, and tailored competitive rates. (Image source: MSC)
The innovative formula of Watershield cement offers enhanced water resistance and durability. (Image source: Lafarge Africa)
