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African Review weekly digest - 30th October - 3rd November

(Image source: Komencanto/commons)

Here is a brief overview of the week’s news on African Review, from 30th October - 3rd November 2017

Morocco confirms to support energy Conferences in Casablanca in November 2017 

The Ministry of Energy, Mines and Sustainable Development in Morocco has said to extend its support to two conferences on gas and renewable in Casablanca in November 2017. Click here to read the full story.  

Cometto launches new modular series MGSL for heavyweight goods 

Cometto, the specialist for self-propelled, modular and special industrial vehicles, has launched the MGSL modular axle lines, for public roads, off-road transport as well as for inside plant operations to move heavyweight goods. Click here to read the full story.  

Buhari commends Nigeria's progress in World Bank's doing business ranking 

Muhammadu Buhari, the President of Nigeria, has lauded the phenomenal improvement of Nigeria on the World Bank’s doing business latest rankings that was released on 31 October 2017. Click here to read the full story.  

Angola’s first wealth fund reports continuous gains 

The Fundo Soberano de Angola generated profits in 2016 for the first time since its launch in 2012. Click here to read the full story.  

African Development Bank supports Nigerian Government’s economic recovery efforts 

The African Development Bank has stated that it wishes to categorically refute the statement that it has “called off loans to Nigeria”, as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott. Click here to read the full story.  

Nairobi to organise 2017 International Space Forum 

The ministerial meeting on the International Space Forum, which will be held in Nairobi on 28 November 2017, was presented on 25 October 2017, at the Farnesina, with the attendance of the diplomatic missions of the African countries in Italy. Click here to read the full story.  

Siemens create East Africa HQ in Ethiopia and hosts a Technology Day 

Siemens is in the process of setting up and expanding its East Africa footprint and is making Ethiopia the headquarters of their East Africa Hub. Click here to read the full story.  

Jumia Black Friday 2017: Jumia Nigeria announces dates for biggest sales event of the year 

Jumia Nigeria has announced the dates and partners for its biggest sales event of the year, Jumia Black Friday 2017. Click here to read the full story.  

Africa50 reaches financial close for solar plants in Egypt 

Africa50, the AfDB’s infrastructure fund for Africa, has signed financing documentation with Scatec Solar and Norfund for developing 400MWDC utility scale photovoltaic (PV) power plants in Egypt for which they had previously entered into a joint development agreement (JDA). 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)