Africa

Investec has agreed with the European Investment Bank (EIB) to establish a €100 million renewable energy funding facility to promote clean energy generation and energy efficiency initiatives in South Africa.

Investec and the EIB are to be equal partners in the programme, with each contributing €50 million.

Extract Resources has announced that Namibia’s Ministry of Mines and Energy has issued it with a mining licence for the Husab Uranium Project.

Extract Resources is a uranium exploration and development company with a primary focus on Namibia. The company’s 100 per cent-owned Husab Uranium Projecthosts the largest and highest grade granite-hosted uranium deposit in the country.

Wood Group’s new Angola-based joint venture has been awarded a contract by BP, it has been announced.

Wood Group Kianda, a joint venture involving Amílcar Nascimento—Wood Group's Angolan business partner—and Wood Group, is to be officially launched in Luanda, Angola today. Wood Group Mustang, Wood Group Kenny and Wood Group PSN will all provide their services through the joint venture.

South Afrcia’s Wescoal is to acquire 51 per cent of the Pegasus project in Mpumalanga Province, it has been announced.

The project—an undeveloped metallurgical and export quality thermal coal deposit with a resource of approximately 15 million tons—was previously owned by BHP Billiton Energy Coal South Africa. The project is located approximately 10 kilometres from Witbank, next to Exxaro’s Inyanda colliery.

Southern Engineering Company Limited and Alpha Logistics Services (EPZ) Ltd, part of the Alpha Group of Companies’ brand, is benefiting from international interest in East Africa. But it is no newcomer: it has been building ships and delivering marine engineering and logistics solutions at Mombasa for decades.

Robert Baissac, CEO of TPC Limited, one of Tanzania’s largest enterprises in the sugar sector, talks to Jayne Alverca about the unique potential of the industry to support East Africa’s development goals.

Sugar is a staple output of Tanzania’s agricultural sector and has a key role in supporting the country’s economic development. Nestling in the alluvial valleys below Mount Kilimanjaro is the 16,000 hectare estate of TPC Limited, which produces almost one third of Tanzania’s total sugar output.

Jeff Daniels looks at what Peugeot in South Africa is doing to change perceptions and win a greater share of the market.

In South Africa, the perception of all things French is positive but pricey. Think of such iconic representations of France as food, wine, perfume and fashion and nobody disputes their quality. It’s just that they are often thought of as being in a price bracket that is more gift than everyday commodity.

The Arab Spring has been a time of both excitement and uncertainty for many companies operating in the Middle East. Despite this, Switzerland-based food and confectionary company Nestlé is investing some $160 million into its manufacturing, distribution and skills base in Egypt, and progressing a new initiative to promote nutrition education among children.

Supplying services to South Africa’s mid-market appliance and retail sector, Laser Logistics has been re-engineering its business and developing a comprehensive logistics capability. CEO Warren Hewitt explains to Gay Sutton how this has been achieved.

Kraft Foods Southern Africa is in the spotlight as the region becomes an increasingly important revenue stream for the world’s second largest food company.