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African Review weekly digest - 4th - 8th December

(Image source: Komencanto/commons)

Here is a brief overview of the week’s news on African Review, from 4th - 8th December 2017

SIMEST partners with Ansaldo Energia for international expansion

SIMEST has acquired 11 per cent stake in Ansaldo Energia Switzerland, a wholly- owned subsidiary of Ansaldo Energia, an Italian power engineering company. Click here to read the full story.

Specim launches hyperspectral camera to analyse material samples

Specim Spectral Imaging Ltd has launched the world’s first mobile hyperspectral camera, Specim IQ, to analyse material samples in industries ranging from food and health to forensic investigation, recycling, art and agriculture. Click here to read the full story.

London to host major post-sanctions Sudan conference, FDI Sudan

Sudan is experiencing a renewed period of excitement after sanctions were lifted by the US in October 2017. Below is a clip from the Sudanese show 'Turning Point'. Click here to read the full story.

Engie to develop South Africa’s energy services

Engie has signed agreements with two South African energy services companies, Thermaire Investments Ltd and Ampair Ltd, to acquire 100 per cent of their respective shares. Click here to read the full story.

AEC 2017 focuses on governance for structural transformation

On the theme of governance for structural transformation in African countries, the 12th African Economic Conference (AEC) is being held in Addis Ababa from 4-6 December 2017. Click here to read the full story.

France remains at the top of 2017 Food Sustainability Index

France remains at the top of the 2017 Food Sustainability Index (FSI), which ranks 34 countries according to their food system sustainability. Click here to read the full story.

Dangote partners with Jumia to sell cement online

Dangote Cement has signed a pact with Jumia Nigeria, one of the leading e-commerce platforms in the country, to sell cement to customers online, a move that aims to reduce price and ease logistics inherent in the purchase of products. Click here to read the full story.

African economic activity regaining momentum

After broad-based slowdown in 2016, growth revival is underway across much of sub-Saharan Africa. Click here to read the full story.

Sierra Leone parliament ratifies Bumbuna II project documents

The Sierra Leone parliament has ratified the documents of the Bumbuna II hydropower project, which, once completed, is expected to provide all-year round power to the West African country. Click here to read the full story.

The AfDB approves US$74mn loan for Namibia’s education sector

The African Development Bank (AfDB) has approved US$74mn loan to Namibia to finance the country’s education and training. Click here to read the full story.

Angola to build fertiliser factory

The president and CEO of the Dannish group Haldor Topsoe has announced the construction of a factory in Soyo municipality in Zaire province in Angola, to produce two million tonnes of fertiliser per year. Click here to read the full story.

Africa needs to fix its energy problems for sustainable growth: Songwe

Africa needs to create adequate infrastructure to provide energy access to its people to accelerate and sustain economic growth, said Vera Songwe, executive secretary of Economic Commission for Africa (ECA) during the 12th African Economic Conference (AEC), held in Addis Ababa from 4-6 December 2017. 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)