Africa

The World Bank has approved loans totalling $684 million for the Eastern Electricity Highway Project, which will connect Ethiopia’s electrical grid with Kenya’s.

The World Bank financing to both governments—US$243 million for Ethiopia and US$441 million for Kenya—will come from the International Development Association, the Bank’s fund for the world’s poorest countries.

Convincing mines to spend more money up-front on the expectation of lower life-of-mine costs is what one South African supplier is working hard to do.

South Africa-based Best Shoes has been focusing its efforts on quality, customer service and strategy in order to continue growing its business.

One South African mining company is producing a refractory material on whose properties the world’s iron and steel producers depend.

In the production of iron and steel, refractory materials fall into the category of consumable commodity—hovering somewhere in the background until all the glamorous hard work has been done and the melted, smelted, refined liquid metal needs moving in a refractory lined vessel from one part of the plant to another.

PetroSA’s Project Ikhwezi initiative has been granted regulatory approval by the National Energy Regulator of South Africa (Nersa).

The project, which is PetroSA’s flagship initiative to secure additional reserves to sustain its Mossel Bay gas-to-liquids (GTL) refinery, will produce gas feedstock from the offshore F-O development fields.

PetroSA said the approval is a major milestone, allowing the National Oil Company to produce natural gas from the F-O development fields when the project is commissioned.

South African pharmaceutical company Adcock Ingram has announced its acquisition of the Indian pharmaceutical brands of Cosme Farma Laboratories.

The deal, thought to be worth around R708 million, will see Adcock acquire the marketing assets of the pan-Indian branded sales and marketing pharmaceutical business, which is based in Goa and Mumbai, India.

Richard Kelertas, senior vice president, corporate development, explains why the Dallol Project in Ethiopia is perfectly placed to satisfy the growing demand for potash.

The race is on to satisfy accelerating world demand for potash, and in this Olympic year Allana Potash is in gold medal position as its Dallol Project in the Danakhil region of Ethiopia has the finishing line in sight.

In the 16 years since its inception, Silver Star Auto has created and maintained an impressive market share for Mercedes-Benz in Ghana’s automotive market—and is now set to expand its network even further.

The Port of Beira, Mozambique, is playing a major role in the nation’s economic growth by delivering a cost-effective service for the region’s land-locked states.

BT is making a mark in Africa with a large expansion in its headcount, its footprint and its support for a communications network that will unite the continent.