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African Review weekly digest - 21st - 25th August

(Image source: Komencanto/commons)

Here is a brief overview of the week’s news on African Review, from 21st - 25th August 2017 

Standard Bank: Weathering Africa’s commercial real estate storm 

Innovative financing solutions realises African real estate opportunity. Click here to read the full story.    

AfDB debars Chinese company for false bidding in Uganda road project 

After Chongqing International Construction Corporation (CICO) found to be indulged in a fraudulent practice in bidding for contracts in an AfDB-financed road project in Uganda, the bank has imposed debarment on the company for 12 months. Click here to read the full story.  

Power Africa releases its 2017 annual report 

The 2017 report highlights how Power Africa continues to lay the foundation for sustainable economic growth in Africa while creating opportunities for American businesses. Click here to read the full story.  

Frost and Sullivan: Market competition for commercial vehicles in Africa intensifies 

Asian OEMs are making rapid inroads into the African market as infrastructure developments present new growth opportunities. Click here to read the full story.  

EBRD and Proparco sign first projects under Egypt Renewable Energy Framework

The two institutions have committed US$58mn each for two 50 MW solar photovoltaic power plants. Click here to read the full story. 

Minister Dr Rob Davies: 'Infrastructure critical for Africa's growth and development' 

Minister Davies was speaking during the opening the two-day Infrastructure Africa Business Forum that started in Sandton on 21 August. Click here to read the full story. 

Mauritius to get second passenger terminal by 2020 

The government of Mauritius, has announced to construct a second passenger terminal, which is scheduled to start in 2019 and completed by 2020, aiming to modernise the transport sector in the country. Click here to read the full story.  

Danfoss’ Refrigerant Week to be held in September 2017 

Refrigerant shortages, new refrigerant launches, price increases and tax on GWP values, and shifting regulations make it challenging for industry professionals and decision-makers to anticipate and plan for the future. Click here to read the full story.  

Rwanda lays foundation stone of Bugesera International Airport 

On 9 August, Rwanda’s President Paul Kagame laid the foundation stone of the country’s newest transportation hub, the Bugesera International Airport, serving Kigali. Click here to read the full story.  

USTDA to connect US firms with Zambian wind power opportunities 

With plans for completion in 2019, the wind farm is anticipated to be the first wind independent power production project in Zambia and will help meet the country's growing demand for electricity. Click here to read the full story.   

New flyover inaugurated in Angola to reduce traffic 

Angolan President, José Eduardo dos Santos, has inaugurated the Unidade Operativa flyover, aiming to improve the dormant traffic condition on Deolinda Rodrigues Avenue. Click here to read the full story.  

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)

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)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

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)

Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development, says IRENA. (Image source: IRENA)

World Bank & African Development Bank partner to provide electricity access to 300 million Africans by 2030, leveraging public-private investments. (Image source: Adobe Stock)

At WFES, Gotion High-tech will showcase its latest products and leading green energy solutions at its booth. (Image source: Gotion High-tech)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

SSAB will begin deliveries of the new products in 2026.

The key issues restricting sub-Saharan Africa’s manufacturing sector will be unpacked at Manufacturing Indaba later this year. (Image source: Adobe Stock)

Hyphen is developing sub-Saharan Africa’s largest, most advanced and only fully-vertical integrated green hydrogen project. (Image source: Hyphen)

According to Liebherr, the Used Equipment Marketplace is extremely user-friendly. (Image source: Liebherr)

Electricity storage will be pivotal in unlocking renewable projects and meeting energy demand. (Image source: Adobe Stock)

Africa Data Centres and DPA SA have broken ground on their solar farm in the Free State. (Image source: Africa Data Centres)

A Cat PM310 Cold Planer in action. (Image source: Caterpillar)

A larger stockholding of WEG products facilitates ready access for customers. (Image source: WEG Africa)

African nations have turned to the concept of power pools to address the continent's energy deficit and foster regional cooperation. (Image source: Synergy Consulting)

Dietmar Siersdorfer is expanding his role as Middle East managing director at Siemens Energy to include Africa. (Image source: Siemens Energy)

The Msikaba Bridge has anchor blocks 17 m wide which contain around 21,000 tons of concrete. (Image source: Sanral)