Infrastructure, Construction & Real Estate

General Electric appoints seasoned marketer Selam Amare to head Ethiopia operations

November 12, 2019

ETHIOPIA – American multinational conglomerate with projects in Healthcare, Aviation and Power, General Electric (GE) has announced the appointment of Selam Amare as the Country Leader for Ethiopia. In her new role, Selam will oversee GE’s operations in the country and strengthen our businesses presence in the market, the company said in a press statement. […]

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Dangote Industries appoints Halima Aliko Dangote as Group Executive Director, Commercial Operations

November 12, 2019

NIGERIA – Dangote Industries Limited, one of Africa’s largest and most diversified business conglomerates has appointed Halima Aliko Dangote as the Group Executive Director, Commercial Operations of Dangote Industries Limited.  The company said in a statement that Halima will be responsible for leading the development and implementation of the Dangote Group’s customer strategy. The strategy […]

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US solar company SunPower to splits into two business units to enhance efficiency

November 12, 2019

UNITED STATES – U.S. solar company, SunPower has revealed that it will split into two publicly traded companies, separating most of its solar panel manufacturing operations from storage and energy services. The announcement resulted in a spike in the company’s share value sending its shares up as much as 15%. The move according to a […]

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Total to sell US$750m Nigerian oil block as part of global asset liquidation drive

November 11, 2019

NIGERIA – Total Group is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion, The Punch Nigeria has reported.  According to The Punch Nigeria, Total’s stake in Oil Mining Lease 118, which […]

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Planned Launch of central electricity grid control set to increase energy access in ECOWAS region

November 11, 2019

WEST AFRICA – The West African Power Pool (WAPP) has announced that a central control centre that will be used to manage and operate all electricity grids in West Africa shall begin operations by 2020. The Secretary-General, WAPP, Siengui Appollinaire, told journalists on the sidelines of the executive board meeting of the agency that there […]

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Nigeria opens economy to foreign investment, says no limits to foreign participation

November 11, 2019

NIGERIA – Nigeria’s Vice-President Yemi Osinbajo has said foreign investors had nothing to worry about as there were no laws limiting foreign participation and investment in any sector of the economy. While speaking during the 2019 FMDQ Capital Market Conference in Lagos, Osinbajo said that though there are no limits to investing, the Federal Government […]

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Dangote Group expands portfolio in Togo with US$2bn phosphate mining deal and US$60m cement facility

November 10, 2019

TOGO – Dangote Industries Limited and the Government of Togo have concluded an agreement to develop and transform Togolese phosphate into phosphate fertilizers for the West African sub-region; in a bid to improve consumption of the product in Africa. President/CE Dangote Group, Aliko Dangote said, ‘’This partnership is in line with our transformation agenda in […]

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Norway sets up US$33m annual fund to boost renewable energy investments in developing nations

November 8, 2019

NORWAY – The government of Norway has committed to allocating US$32.88 million (NOK300 million) annually to provide better guarantees for businesses that are willing to invest in renewable energy in poor countries. Norway’s Minister of International Development, Dag-Inge Ulstein while giving the announcement noted that providing increased access to clean energy will reduce poverty, improve […]

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Equatorial Guinea approves Saipem’s contract to construct strategic US$90m gas pipeline

November 7, 2019

EQUATORIAL GUINEA — Equatorial Guinea’s Ministry of Mines and Hydrocarbons has approved the $90-100 million Alen Unit contract granted to Saipem for the construction of 70km pipeline connecting Alen gas production unit to the petrochemical complex of Punta Europa. The pipeline according to a report by Africa Energy Chamber, will have capacity for 950 million […]

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Brazil’s paper industry giant Klabin secures US$280m loan from IFC to increase capacity and enhance efficiency

November 7, 2019

BRAZIL – Brazil’s largest producer, exporter and recycler of packaging paper, Klabin has secured a US$280 million for its Puma Project II from the International Finance Corporation (IFC). IFC said in a statement that financing to one of the largest producers of paper in Latin America will support the company’s growth as well as improve […]

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