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AIIM consortium acquires Octotel, minority stake in RSAWEB
Published: 25 Mar 24
A consortium, led by infrastructure-focused private equity fund manager African Infrastructure Investment Managers (AIIM), has signed an agreement to acquire fibre network operator Octotel. The consortium, which includes infrastructure and energy impact fund STOA and Thebe Investment Corporation, is acquiring Octotel from sustainable infrastructure global investor Actis.
DLA Piper appoints Kalidou Gadio as US-Africa Practice co-chair
Published: 25 Mar 24
Law firm DLA Piper has appointed Kalidou Gadio as co-chairperson of the US-Africa Practice based out of its Washington DC office. He brings deep knowledge of the sub-Saharan Africa, Middle East and North Africa regions, having previously spent 27 years at development finance institution the African Development Bank (AfDB), including eight years as general counsel.
Lime farm, in Hoedspruit First-quarter agriculture sentiment largely influenced by drought, public infrastructure deterioration
Published: 25 Mar 24
The Agricultural Business Chamber (Agbiz) and Industrial Development Corporation’s Agribusiness Confidence Index (ACI) has remained unchanged in the first quarter of the year at a level of 40. This followed a deterioration of ten points to 40 in the fourth quarter of last year.
Powerlines NTCSA unbundling secures lender consent, Ramokgopa confirms
Published: 25 Mar 24
Electricity Minister Kgosientsho Ramokgopa reports that Eskom’s eight “lender groups” have given their consent to the establishment of the National Transmission Company South Africa (NTCSA) as a separate subsidiary under Eskom Holdings. Bondholder consent was one of several key approvals required ahead of the operationalisation of the NTCSA, officially scheduled for April 1, alongside the appointment of an independent board and licensing approvals from the regulator.
A cargo plane operated by Astral Aviation Strategic air cargo alignment between Kenyan, Abu Dhabian carriers has lifted off
Published: 25 Mar 24
Kenyan air cargo carrier Astral Aviation (Astral) and Abu Dhabi-based United Arab Emirates operator Etihad Cargo, the logistics and cargo business of Etihad Airways, have announced the functional start of their collaboration, with the completion of the first flight between Nairobi and Abu Dhabi. This collaboration was made possible by the signing of a memorandum of understanding (MoU) between the two carriers. This inaugural flight took place on Thursday. The MoU allows Astral to access Etihad Cargo’s global network, and Etihad to access Astral’s African network, strengthening the offerings of both. As a result, Astral will be operating more flights into Abu Dhabi.
CGA chairperson Gerrit van der Merwe CGA announces new chairperson
Published: 25 Mar 24
Industry body the Citrus Growers’ Association of Southern Africa (CGA) has appointed Gerrit van der Merwe chairperson for the next two-year term. Outgoing chairperson Hannes de Waal will now become one of two vice-chairpersons, as is normal in the board’s leadership rotational structure. De Waal’s fellow vice-chairperson will be Jan-Louis Pretorius.
Just Share climate change engagement director Robyn Hugo Draft IRP 2023 falls short in every aspect, says Just Share
Published: 25 Mar 24
As government considers the public comments made on the draft Integrated Resource Plan (IRP) 2023 up to March 23, shareholder activism organisation Just Share has called for a remodel of the policy, with “updated data and correct assumptions”. The organisation says the draft IRP does not comply with a single one of the aims of an IRP.  
A construction site PPPs are important to build quality infrastructure rapidly – Mavuso
Published: 25 Mar 24
Public-private partnerships (PPPs) are an important mechanism to bring together the strengths of government and business, including the technical and management capabilities of the private sector and the risk-bearing capability of the public sector, to ensure infrastructure is built fast, at a high quality and then managed well. There has been growth in public confidence that partnerships between business and government can lead to more trustworthy management of technology-led changes.
Map showing the location of the Batoka Gorge project Zambia, Zimbabwe to retender $5bn Batoka hydropower plant
Published: 25 Mar 24
Zambia and Zimbabwe are retendering a $5-billion project to build a hydropower plant they previously awarded to General Electric Co. and Power Construction Corp. of China, and expect to select new bidders by September next year, an official said. The Zambezi River Authority — a joint venture between the countries that maintains the Kariba Dam complex — expects to receive bids from potential developers by April 2025 and select bidders five months after that, ZRA Chief Executive Officer Munyaradzi Munodawafa said by email.
Shoppers S. Africa's consumer confidence improves in the first quarter, survey says
Published: 25 Mar 24
South Africa's first-quarter consumer confidence improved on the back of an uptick in the confidence levels of high-income households, suggesting retail sales volumes could gradually start to recover, according to a survey released on Monday. The consumer confidence index, sponsored by the First National Bank and compiled by the Bureau for Economic Research, improved to minus 15 points from minus 17 points in the fourth quarter of 2023 and minus 23 points in the first quarter of 2023. A breakdown of the CCI per household income group showed that high-income confidence, inclusive of those earning more than R20 000 per month, rose from minus 19 to minus 14 points during the quarter, according to the survey. "Significantly lower levels of load-shedding and a deceleration in inflation - particularly on the food price front - likely supported consumer confidence during the first quarter," FNB Chief Economist Mamello Matikinca-Ngwenya said. "However, job losses in the fourth quarter and renewed fuel price hikes in February and March probably countered some of these positive developments, particularly for low-income households. The tightening in fiscal policy announced in the February Budget Review probably also clipped consumer confidence."
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