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Invictus partners with Zim-focused gold miner to investigate gas supply to Eureka mine
Published: 23 Apr 24
ASX-listed Invictus Energy has signed a memorandum of understanding (MoU) that could lead to a maiden gas offtake agreement with Dallaglio Investments, involving the supply of gas to the Eureka gold mine, in Zimbabwe.
Invictus will supply natural gas from the Cabora Bassa project, in Zimbabwe, as feedstock for the Dallaglio’s proposed gas-to-power (GtP) plant.
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Globeleq acquires 48.3% interest in Egypt solar plant
Published: 23 Apr 24
Independent power company Globeleq has completed the acquisition of a 48.3% equity stake in the 25 MW Winnergy solar photovoltaic (PV) plant in Egypt from Enerray, Enerray Global Solar Opportunities and Desert Technologies. The plant, which is in operation, is located within Egypt’s flagship Benban Solar complex, near Aswan, and is adjacent to Globeleq’s 66 MW ARC solar plant.
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Cisco launches AI-powered Hypershield service to protect modern data centres
Published: 23 Apr 24
Networking and security multinational Cisco has launched its Hypershield service, which is a cloud-native, artificial intelligence- (AI-) powered approach to highly distributed security for AI-scale data centres that is built into the fabric of the network, says Cisco executive VP and security and collaboration GM Jeetu Patel. Hypershield is a new security architecture that is built with technology originally developed for hyperscale public clouds. It is now available to enterprise information technology teams of all sizes.
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Macroeconomic factors dampen Sasol’s year-to-date performance
Published: 23 Apr 24
NYSE- and JSE-listed petrochemicals company Sasol says its energy business benefitted from higher basic fuel prices, as well as improved refining margins towards the end of the nine months ended March 31, which helped to offset operational headwinds at the group’s mining and Secunda operations.
Sasol’s mining productivity has improved albeit at a slower pace than expected. The group expects to meet the lower end of its coal productivity guidance range of between 975 t and 1 100 t per continuous miner per shift for the full-year ending on June 30.
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Cell C appoints chief data and analytics officer
Published: 23 Apr 24
Communications group Cell C has appointed Bryan O'Donovan as chief data and analytics officer, effective May 2024. He will be responsible for spearheading the management of the organisation's data and analytics assets, championing data-driven decision-making processes and leveraging data assets to propel growth and optimisation initiatives.
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Africa needs to build more oil infrastructure
Published: 23 Apr 24
Africa's mid- and downstream oil products supply infrastructure is ageing and suffers from a lack of investment, outdated policy frameworks and insufficiencies in regional, national and urban energy planning when compared with other regions across the world. Efforts have also not kept pace with rapidly growing populations and urbanisation trends, which has resulted in fragmented supply routes, bottlenecks and insufficient infrastructure capacity, contributing to an overreliance on trucks, congestion in cities and ports, and disrupted access to energy.
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IEA expects another record year for EVs in 2024, but sales remain concentrated
Published: 23 Apr 24
The International Energy Agency (IEA) expects electric vehicle (EV) sales to rise to a record 17-million in 2024, representing more than one in every five passenger cars sold, but with sales likely to remain highly concentrated in the Chinese, European and US markets. Sales rose by 35% last year to a record level of nearly 14-million units, lifting the number of EVs on the road globally to 40-million, and with battery electric cars accounting for 70% of the electric car stock.
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Zambia seeks power imports for key mining sector
Published: 23 Apr 24
Zambia's State-owned electricity utility Zesco said on Monday it is seeking to import power to avert an energy deficit that could affect output in Africa's second-largest copper producer. The southern African country generates 86% of its electricity from hydropower stations. Power generation has been hit by a severe drought induced by El Nino - a weather phenomenon resulting from the abnormal warming of the waters in the eastern Pacific, which raises temperatures globally.
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UK innovation agency highlights quality of the emerging African space sector
Published: 22 Apr 24
Innovate UK, Britain’s national innovation agency, has, in a new report, highlighted that Africa is becoming a hub for globally competitive space technology, development and research. In particular, Kenya, Rwanda and South Africa were identified as space sector leaders in Africa. The report was drawn up after a tour of UK space facilities and companies by space sector experts from South Africa, Kenya, Rwanda, and pan-African organisations, in December last year. This tour was organised by Innovate UK, under its Global Alliance Africa project, with the support of the Research and Innovation Systems for Africa Fund and the Research Institute for Innovation and Sustainability.
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Published: 19 Apr 24
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Published: 19 Apr 24
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Published: 19 Apr 24
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Changing business opportunities, challenges in Zimbabwe highlighted
Published: 24 Apr 24
Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses...
PepsiCo Bašumi Trust wins awards at employee share ownership conference
Published: 24 Apr 24
Beverage multinational PepsiCo South Africa's employee share ownership programme Bašumi Trust has received the best governance policies and the...
