Africa

A new product emerging onto the world market is setting the bar much higher for pipe construction. Alan Stothard, managing director of IQS International, explains how Huachuang steel reinforced HDPE pipe can deliver significant financial and environmental savings.

Bridgestone Corporation, headquartered in Tokyo, is the world’s largest tyre and rubber company; and its South African subsidiary is one of few able to supply and support the ultra large heavy-duty tyres suitable for underground and open pit mining.

South Africa’s MWEB Business offers a range of affordable, tailored services for small and medium enterprises that address individual needs, improve efficiency and help realise cost savings.

During the first half of 2012, the African Development Bank (AfDB) approved US$800 million in loans to encourage private investment in Morocco’s growing wind and solar markets.

The bank’s support of Morocco’s plan to develop a concentrated solar power (CSP) plant at Ouarzazate and its Integrated Wind/Hydro and Rural Electrification Program is helping the country realise its goal of increasing its installed renewable energy capacity to 42 per cent by 2020.

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.

 What is the best business book you have ever read, and why?

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.