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africanreview.com from 20 - 27 March 2017Here is a brief overview of the week's new on
World Bank announces record US$57bn for sub-Saharan Africa
Following a meeting with G20 finance ministers and central bank governors, World Bank Group President Jim Yong Kim, announced on 19 March that a record US$57bn in financing for Sub-Saharan African countries over the next three fiscal years. Read more here.
A look ahead to Africa Renewable Energy Leaders’ Summit in April
On 4-5 April 2017, over 200 experts and government representatives from Kenya, Ethiopia, Burundi, South Sudan, Tanzania, Rwanda, and Uganda will gather in Nairobi to discuss the present and future of green energy in East Africa at the first Africa Renewable Energy Leaders’ Summit (ARELS). Read more here.
NNPC to invest US$15bn into 4000MW gas power plants
The Nigerian National Petroleum Corporation (NNPC) announced on 20 March that it would invest around US$15bn to build gas-based power plants in the West African country, contributing 4,000MW over the next decade. Read more here.
MB Crusher turns mobile plants into one-machine operation at ConExpo 2017
MB Crusher appeared at CONEXPO-CON/AGG 2017 in Las Vegas, crushing and screening with an excavator and skid loader, turning each equipment into its own one-machine mobile plant. Read more here.
Grove GMK5250L makes its southern African debut in Botswana
Officials at Jwaneng diamond mine, Botswana have taken delivery of the mine’s first 250 t Grove GMK5250L all-terrain crane. Read more here.
Moroccan tech city boosted by US$10bn preliminary funding deal
The new industrial and technology hub, located close to the city of Tangiers, will be funded by Chinese group Haite 002023.SZ, BMCE's Bank of Africa and the Moroccan government. Read more here.
Former NBA player's Nigeria-based online travel agency set to expand across Africa and internationally
Obinna Ekezie, a former NBA player, launched Wakanow, a Nigeria-based online travel agency which has now expanded into the UK and UAE, with plans to grow within the African continent. Read more here.
Iveco returns to Kenya with US$22mn assembly plant in Mombasa
Industrial Vehicles Corporation, more commonly known as Iveco, which is owned entirely by CNH Industrial Group, is targeting a construction of a US$22mn assembly plant in Mombasa, Kenya. Read more here.