The number of attacks by pirates in the Indian Ocean have gone down to just a handful annually but the job is not yet complete. That was the message from the Chairperson of the Contact Group on Piracy off the Coast of Somalia. The 16th plenary...
The second bridge over the Zambezi River linking the Mozambican city of Tete to the Moatize district, is due to be concluded by September. The new bridge is located five kilometres downstream from the current Samora Machel Bridge, is 715 metres...
Coega became the first South African Industrial Development Zone (IDZ) to sign 10 clients, with an investment value of just over R1.8 billion, in the 2013/14 financial year. The company attracted investors across diverse sectors, including the...
Offices have been opened by the Development Bank of Namibia in Walvis Bay to cater for the Erongo region. Martin Inkumbi, chief executive officer of the Development Bank of Namibia, says, “The Erongo Region, and Walvis Bay in particular, is a...
The newly created Port Security Portfolio at Transnet National Port Authority (TNPA) has appointed Phumuzi Ernest Sigasa as the Executive Manager. Sigasa says, “ Looking at the challenges faced in upping the security oversight at TNPA, there needs...
More than 165 000 solar photovoltaic (PV) panels have been installed at the Droogfontein Solar Photovoltaic Plant. The project will supply the Eskom gridline with 85 458 MW per year. The Department of Science and Technology (DST) says the new R1.5...
Benin will receive US $6.4 million to repair flood damage that occurred in 2010. Heavy rains caused damage to 278 schools and destroyed more than 50 000 houses. Credit from the International Development Association was approved by the World Bank...
Nedbank Capital and the Bank of China Johannesburg have jointly raised debt capital to fund a new entrant into the Southern African cement industry. This is one of the first pure limited recourse project finance deals undertaken and funded by...
IN AN EXCITING moment in South African pre-cast concrete history, Salberg Concrete Products has merged with Ubuntu Pre-cast in what promises to be a shakeup of who’s who in the market. “In an industry where the barriers to entry are vast, the...
