African Review weekly digest - 7th - 11th August

Komencanto commons for ATR 307(Image source: Komencanto/commons)Here is a brief overview of the week’s news on African Review, from 7th - 11th August 2017

Nigeria's private sector growth hits a two-year high 

According to Stanbic IBTC Bank, July’s PMI survey signaled the sharpest overall improvement of business conditions in the Nigerian private sector for two years, as the economy extended the upturn seen throughout 2017. Click here to read the full story

A.P. Moller Holding to manage new African infrastructure fund 

The new fund will focus on investments in infrastructure in Africa to support sustainable economic growth in the region while delivering an attractive return to its investors. Click here to read the full story

South African construction prices forecast to rise by 7.4 per cent in 2017 

MMQSMace, a leading South African cost consultancy business, and Stellenbosch University’s Bureau for Economic Research (BER) have forecast a South African construction tender price growth of 7.4 per cent in 2017, including 5.3 per cent inflation, and an 8.8 per cent increase in 2018, including 5.1 per cent inflation. Click here to read the full story

TuNur plans to export solar energy from Tunisia to EU

TuNur Ltd, the UK-based private energy company, has filed an application with the Tunisian Ministry of Energy, Mines and Renewable Energy to develop 4.5 GW solar export project in the Sahara desert in southwestern Tunisia. Click here to read the full story

MTN partners with Fenix International to launch off-grid solar in Zambia 

MTN, Africa’s largest telecoms company, is extending its partnership with energy and financial services firm Fenix International to launch pay-to-own solar home systems in Zambia. Click here to read the full story.  

Asphalt plant reduces production costs 

The use of asphalt is considered a key element for an effective road building process, contributing to economic savings as well as environmental protection for sustainable road construction. Click here to read the full story

Cometto deliver steelwork transporter with new logo to South African business 

In the last few weeks, the first Cometto vehicles with the new logo have been delivered to the customers. The slogan "Propelled to the MAX" is now emblazoned on all vehicles. Click here to read the full story

UN: "Kenya must act to ensure peaceful elections" 

The Special Rapporteurs welcomed the Government’s commitment not to shut down the internet, urging the authorities to ensure that media and civil society could report on and scrutinize the poll unhindered. Click here to read the full story.  

Earthport partner Access Bank to expand into Nigeria, enabling inbound payments 

Earthport, the leading payment network for cross-border transactions, has announced that it has partnered with Access Bank Plc, one of Africa's foremost financial institutions, to provide delivery of cross-border payment services into Nigeria. Click here to read the full story

United Capital releases its outlook for Nigeria in 2017 

United Capital has released its Nigeria Outlook H2-2017 entitled After The Rain, released in July 2017. The full report can be viewed here. Click here to read the full story.

Nigeria Technical Cooperation Fund celebrates first ten years 

The Directorate of Technical Cooperation in Africa (DTCA) of Nigeria’s Ministry of Foreign Affairs and the African Development Bank (AfDB) celebrated the completion of the first life cycle of the Nigeria Technical Co-operation Fund (NTCF) in a ceremony in Abuja on 1 August 2017. Click here to read the full story

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