African Review weekly digest - 12th June - 16th June

Komencanto commons for ATR 307(Image source: Komencanto/commons )Here is a brief overview of the week's new on African Review, from 12th June - 16th June 2017

Hargeisa joins Air Arabia's growing African network 

Two weekly flights connecting Sharjah and Hargeisa starting 4 July 2017. Click here to read the full story. 

China Habour Engineering Company sign port upgrade contract in Tanzania 

China Harbour Engineering Company (CHEC) has signed a contract to upgrade number one to seven berth in Dar es Salaam in Tanzania. Click here to read the full story.  

Keeping the competitive edge in Southern Africa and beyond 

Last year Himoinsa Southern Africa opened its offices in Port Elizabeth, South Africa, cementing its role as a leading genset specialist in the country and wider parts of Africa. African Review talks to Matt Bell, director of business development Himoinsa Southern Africa on the company's strategy. Click here to read the full story.  

Moody's downgrades the five largest South African banks to Baa3 

Moody's Investors Service has downgraded to Baa3 (negative outlook) from Baa2 (Rating Under Review outlook), the long-term local- and foreign-currency deposit ratings of the five largest South African banks: The Standard Bank of South Africa Limited, FirstRand Bank Limited, Absa Bank Limited, Nedbank Limited, and Investec Bank Ltd. Click here to read the full story.  

Nexus Gold commences drilling at Bouboulou gold concession, Burkina Faso 

Nexus Gold Corp. has reported that drilling has commenced at its 38-sq km Bouboulou gold concession. Bouboulou is located approximately 75 kilometres northwest of the capital Ouagadougou, on the Boromo-Goren greenstone belt, and is bisected by the Sabce shear zone. Click here to read the full story.  

Cross-border electricity link to transform West Africa 

Access to reliable and affordable energy in four West Africa countries will be transformed once a new 1303km electricity interconnector, inaugurated on 4 June 2017 on the sideline of the ECOWAS Heads of State Summit in Monrovia, is operational. Click here to read the full story

WorldRemit launches with Android Pay to offer mobile-to-mobile transfers to the world’s unbanked 

The integration will enable Android Pay users to send money to an extra 112mn mobile money accounts, accessible via WorldRemit. Click here to read the full story.   

BWSC awarded contract to build high-efficiency power plant in Mali 

Burmeister & Wain Scandinavian Contractor A/S (BWSC) has been awarded a EUR90mn (US$100mn) contract to build a high-efficiency power plant which will increase the power capacity in Mali by 25 per cent. Click here to read the full story.  

South African electricity market: Adaptive power generation models will become essential 

Alternative sustainable power sources create new growth opportunities, finds Frost & Sullivan. Click here to read the full story.  

ENGIE and eleQtra sign an agreement for the development of a wind project in Ghana 

The project is expected to require an investment of approximately US$120mn and to start operations early 2019. Click here to read the full story.  

RwandAir celebrate first direct flight to UK with travel trade competition 

To celebrate the launch of the first direct flight between the UK and Rwanda, RwandAir has announced a new travel trade competition running until 14 July 2017. Click here to read the full story.  

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