Africa

Nobody's perfect. What quality or ability do you wish you had?

The ability to read minds! On a more serious note—wisdom. We acquire knowledge at a tremendous pace, and using it wisely is a real skill.

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Private power producers are set to increase Kenya’s electricity generation capacity by 285 megawatts to spur economic growth and improve competitiveness, the World Bank has announced.

Various agreements for the first project, Thika Power, were signed yesterday by Kenya’s government, Kenya Power, Citibank, and the World Bank. The project will add 87 megawatts of capacity and the electricity produced will be purchased and distributed by Kenya Power.

Australia’s Sundance Resources has accepted a takeover offer from China’s Hanlong (Africa) Mining Investment.

Hanlong will acquire 100 per cent of the company for A$0.45 per share, a lower price than previously offered last October.

Alongside the severe energy crises currently being experienced by most African countries comes a huge opportunity to direct investments into clean, efficient, renewable energy for the growth of a green economy in Africa.

Dr Tawanda Mushuku, managing director of UAC Foods, is putting in place a firm strategy for creating a world class manufacturing, sales and marketing business in Nigeria.

US-based ITC Global, a provider of satellite communications to the mining, energy and maritime sectors, has acquired the remaining 10 per cent interest in ITC Guinee.

As a result of the transaction, ITC Global will own 100 per cent of ITC Guinee SARL. 

ITC Global's Guinea office has been fully operational since 2005 through an agency agreement. The location is fully staffed with a technical team that will continue to deliver ITC Global's customised solutions, the company said.

The African Development Bank has financed a new hospital in Tenkodogo, Burkina Faso.

The new hospital, fully equipped with 200 beds, is valued at an estimated €31 million and was financed entirely by the African Development Bank (AfDB). The project is part of the government’s healthcare support programme in the east-central and northern regions of the country, and will serve people who formerly had to travel up to 160 kilometres for treatment in hospitals in Ouagadougou. 

Canada’s Barrick Gold Corporation has confirmed that it is in discussions with China National Gold Group Corporation regarding the sale of its holding in African Barrick Gold (ABG).

The talks are at a preliminary stage, the company said.

Electra Mining Africa opens its doors to the world once again this year from Johannesburg on 10 September; and the 2012 show looks set to be the biggest and most exciting ever.

Nigeria’s Red Star Express Group has been gearing up for growth, delivering excellence through a combination of the latest IT and processes, and a truly personal service.

This year, Nigeria’s leading courier and logistics company Red Star Express celebrates its 20th anniversary. During that time it has not only established the Red Star brand in public and corporate awareness but has prepared the company for continuing growth and to support the needs of the burgeoning Nigerian economy.