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International maritime security conference being held in Ghana
Published: 30 Apr 24
Ghanaian President Nana Akufo-Addo will be the guest of honour at the second meeting of the African Maritime Forces Summit (AMFS), being held in Accra, Ghana, from Tuesday to Thursday inclusive. This edition of the AMFS is being co-hosted by the Ghana Navy, US Naval Forces Africa and US Marine Corps Forces Africa, and is being attended by government leaders and military chiefs from more than 40 countries. Further, the previously separate Naval Infantry Leaders Symposium-Africa (NILS-A) has been incorporated into this AMFS, making them a single event. This is the third meeting of NILS-A. (Very few African navies have dedicated corps of marines, but many have light infantry-style units, if only for base security/force protection tasks. A number of African navies, including Ghana’s, do have their own special forces units.)
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SA can climb towards 4% growth in coming years, if constraints are addressed
Published: 30 Apr 24
Mapungubwe Institute for Strategic Reflection executive director Joel Netshitenzhe delivered the keynote address at the Black Business Summit on Monday, where he was optimistic of South Africa moving towards 4% in economic growth in the next two or three years, provided constraints are dealt with. His address reflected on the country’s political economy 30 years into democracy and asked “Where is South Africa headed in the next 30 years?” He noted various ongoing strategies that could ensure positive prospects for the country going forward. “These are elaborated in the Economic Reconstruction and Recovery Plan: the infrastructure programme; Master Plans for sectors with potential; a strategic African pivot in economic relations; and focussed attention to absorption of the unskilled and semiskilled through speedier land reform, low-end manufacturing and support for micro and informal enterprises,” he stated. However, he noted that it would take some time before these strategies had a significant impact. “…but the economy can climb towards 4% growth in the coming two to three years, if we are able to address the binding constraints,” he added.
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NBI launches pragmatic Just Energy Transition Skilling for Employment Programme
Published: 30 Apr 24
With skills having been identified as a key cross-cutting requirement for the Just Energy Transition Implementation Plan (JET-IP), the National Business Initiative (NBI), together with the Presidency’s JET project management unit (JET PMU) and Boston Consulting Group, have launched the JET Skilling for Employment Programme (JET SEP). South Africa has an opportunity to unlock 20% more of its current gross domestic product through green initiatives, which will need between 150 000 and 200 000 direct jobs by 2025, and between 350 000 and 400 000 jobs by 2050, related to solar photovoltaic, wind and battery storage technology installations, NBI CEO and JET SEP steering committee member Shameela Soobramoney pointed out during an April 29 briefing.
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Sandfire driving forward Black Butte
Published: 30 Apr 24
Australia-headquartered miner Sandfire Resources is continuing to support the Sandfire Americas team to progress the Black Butte project, in Montana, CEO Brendan Harris said on Tuesday. Sandfire holds its interest in Black Butte through an 87% equity stake in TSX-V-listed Sandfire Resources America.
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MC Mining's Uitkomst Colliery increases quarterly output following turnaround plan
Published: 30 Apr 24
Run-of-mine (RoM) coal production at MC Mining's Uitkomst steelmaking and thermal coal mine, in South Africa, increased by 14% year-on-year to 115 909 t for the quarter ended March 31 – the third quarter of its 2024 financial year. ASX-, Aim- and JSE-listed MC Mining, which is being bought out by Goldway Capital Investment, reports that the mine sold 75 590 t of high-grade coal during the quarter.
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Mauritius Telecom in talks for subsea cable to link Africa, Asia
Published: 30 Apr 24
Mauritius’ top telecommunications company is in talks with operators including Reliance Jio Infocomm and Orange for a new undersea cable linking Africa, Indian Ocean islands and Asia, improving redundancy in region hit by breakdowns. The new line named T4 will replace the South Africa Far East (SAFE) cable that’s coming to end of life in 2027, a quarter of a century after commissioning. T4 will have 1 000 times more capacity than the SAFE, according to Kapil Reesaul, chief executive officer of the Port Louis-based Mauritius Telecom.
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US reforms environmental law to speed up clean energy, infrastructure approval
Published: 30 Apr 24
The White House on Tuesday reformed the US environmental review process for major projects which officials said would speed up approval of everything from transmission of power from wind and solar farms to semiconductor manufacturing.
The reforms are the second and final phase of the administration of President Joe Biden's adjustments to the National Environmental Policy Act, or NEPA, after former President Donald Trump overhauled the bedrock environmental law in 2021 for the first time in decades.
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UK-Morocco renewable energy link plan gets $10.2m boost
Published: 30 Apr 24
GE Vernova invested $10.2-million in Xlinks First, the UK company planning a massive renewable power project in Morocco and a 4 000 km undersea cable to deliver the energy to Britain. The investment helped close the latest funding round for Xlinks First, capping $110-million raised to date, according to CEO James Humfrey. It’s an incremental step for the company as it advances a project it estimates will cost as much as £24-billion ($30.1-billion) to construct.
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White House eyes Russian uranium import ban while house bill stalls
Published: 30 Apr 24
The Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said.
Officials from the White House National Security Council, the Department of Energy and other corners of the administration have been in talks on limiting Russian uranium imports, including a ban that includes waivers similar to legislation the easily passed the House last year, the people said.
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Antilles disappointed with Dominican arbitration award
Published: 30 Apr 24
ASX-listed Antilles Gold chairperson Brian Johnson on Tuesday expressed the company’s disappointment with the tribunal of the International Centre for Settlement of Investment Dispute’s (ICSID’s) arbitration award related to the Las Lagunas gold tailings project in the Dominican Republic. Having rejected EnviroGold Lagunas’ (EVGLL’s) principal claim of $15.5-million, the ICSID awarded the Antilles subsidiary $4.07-million, including interest to April 24.
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Gonfreville-l’Orcher hydrogen production plant, France
Published: 26 Apr 24
Khavda Renewable Energy Park, India
Published: 26 Apr 24
Grand Ethiopian Renaissance Dam, Ethiopia – update
Published: 26 Apr 24
Ford South Africa has appointed Ryan Searle as its new sales director, effective May 1. Searle joins Ford after six years as the head of Volkswagen...
Lower income consumers are being priced out of the car market – TransUnion
Published: 02 May 24
TransUnion Africa CEO Lee Naik says a tough economic environment characterised by cost-of-living challenges, high fuel costs and currency...
Thungela announces passing of Thero Setiloane
Published: 02 May 24
Johannesburg Stock Exchange-listed coal mining company Thungela Resources has announced the passing of Thero Setiloane, who served as an...
