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Kenyan flag Standard Bank undertakes largest student housing financing endeavour in Africa
Published: 27 May 24
Financial services provider Standard Bank has partnered with global advisory firm MiDA Advisors and real estate developer Acorn Holdings to mobilise long-term blended finance commitments for green and affordable student housing in Kenya. The transaction will comprise up to $180-million in financing from the US Development Finance Corporation, which should help to secure $380-million more financing arranged jointly by Stanbic Bank Kenya – a member of Standard Bank Group – and MiDA.
Transnet National Ports Authority Port of Ngqura harbour master Captain Thulani Dubeko African Harbour Masters’ Committee elects Transnet harbour master as president
Published: 27 May 24
The African Harbour Masters’ Committee (AHMC) has elected South African State-owned Transnet National Ports Authority (TNPA) Port of Ngqura harbour master Captain Thulani Dubeko as its new president. He has served as the committee’s VP since October 2022.
Grundfos at Nampo 2024 Grundfos at Nampo 2024 Has Video
Published: 27 May 24
Global pump manufacturer Grundfos water utilities regional product manager Stephan Venter speaks to Engineering News about the role the company is playing in the digitalisation of agriculture, displaying its product offering at Nampo 2024, which was held from May 14 to 17, near Bothaville, in the Free State. 
Telkom shareholders green light masts, towers deal
Published: 27 May 24
JSE-listed Telkom’s shareholders have approved the proposed R6.75-billion sale of its masts and towers infrastructure subsidiary Swiftnet to a consortium. The consortium comprises infrastructure fund Actis Ohio Fund managed by Actis and an infrastructure vehicle 100% owned by Royal Bafokeng Holdings.
Grid infrastrucutre Nersa extends deadline for comment on Eskom’s move to reserve grid for public IPPs
Published: 26 May 24
The National Energy Regulator of South Africa (Nersa) has extended to June 17 the deadline for comment on Eskom’s application to preserve and reserve grid capacity for independent power producers (IPPs) participating in public procurement processes implemented in line with Section 34 of the Electricity Regulation Act (ERA). The initial deadline was May 25.
steel in warehouse Neasa asks Patel, Itac to stop imposing upstream steel import duties
Published: 24 May 24
The National Employers' Association of South Africa (Neasa) says government’s duties on imported steel only serve to support ailing primary steel producer ArcelorMittal South Africa (AMSA). Neasa said the duties would not only fail to save AMSA in the long run, but were also gradually eroding the entire steel industry.
AU signs new agreement on Earth observation cooperation with a European organisation
Published: 24 May 24
The African Union Commission (AUC) and the European Organisation for the Exploitation of Meteorological Satellites (much better known by its acronym, EUMETSAT) have signed an agreement to reinforce their cooperation in the sphere of Earth observation (EO). This follows the start of the deployment of the third generation of EUMETSAT’s Meteosat weather- and climate-focused EO satellites. This third generation is known as the MTG satellite system. “The Memorandum of Understanding represents ...
Brikor bricks Brikor anticipates more than 100% improvement in full-year earnings
Published: 24 May 24
AltX-listed construction materials provider Brikor expects to post earnings a share of between 0.9c and 1.1c for the financial year ended February 29, compared with a loss a share of 0.7c in the 2023 financial year. This equates to a more than 100% year-on-year increase in earnings a share.
IATA African aviation conference to be held in South Africa in July
Published: 24 May 24
The International Air Transport Association (IATA), the global representative body for the airline industry, has announced that its second Wings of Change Focus Africa Conference (WOCFA) will take place in Johannesburg, South Africa, on July 2 and July 3 this year. The host airline for the conference will be South African Airways (SAA). WOCFA forms part of IATA’s Focus Africa initiative, and serves as a platform to examine and review the initiative’s priorities. Focus Africa is intended to reinforce the role of aviation in the continent’s development, social as well as economic, including through improving safety, reliability and connectivity, for both people and cargo.
Image of a port Shipping losses hit all-time low, shadow fleet growing, says new report
Published: 24 May 24
The 2024 Allianz Safety and Shipping Review notes that 26 large ships were lost worldwide last year – down by a third year-on-year, and the industry’s lowest ever total. Around 90% of international trade is transported across the globe’s oceans.
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