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Industry News

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Bureaucracy, lags in approval are killing the construction industry, say developers

Bureaucratic delays in getting property developments under way has badly damaged the development and construction industry, prompting a crisis, industry experts have outlined at the Western Cape Property Development Forum (WCPDF) conference, in Cape Town. They’ve also lamented a “shocking” decline in spending in the City of Cape Town’s capital budget. Powered by WPeMatico

Mozambique’s GDP growth to fall to below 3% following Idai

The Mozambican government has estimated its emergency assistance needs and reconstruction costs following cyclone Idai, in March, will reach $1.5-billion, or about 10% of the country’s gross domestic product. The International Monetary Fund (IMF), in a report, compiled information around the incident, including an assessment of the damage and a debt sustainability analysis. Powered by […]

Pioneers and projects that shone at African Power, Energy & Water Industry Awards

A dynamic South African leader in renewable energy, a former influential government minister in Ethiopia, the Ghana Grid Company and a range of renewable energy projects were among the winners at the annual African Power, Energy & Water Industry Awards announced in Cape Town this week. The prestigious awards ceremony honours the leading utilities, projects […]

PPPs could help ailing municipal water sector, suggests NBI

A series of public–private partnerships with municipalities could help ailing local water and sanitation departments (WSDs), many of which face challenges ranging from deteriorating infrastructure to declining water quality and poor governance. According to the National Business Initiative, nearly half of the local WSDs are in a “critical state” and need help from the private […]

Emira expands US portfolio with two equity investments

Emira Property Fund has made two further equity investments into grocery-anchored dominant shopping centres in Texas, in the US. Emira has now assembled a portfolio of eight value-focused retail centre assets in the US. Powered by WPeMatico

Mozambique power utility begins the long process of recovery following cyclones

Mozambique’s energy sector is trying to get back on track following the devastation wreaked on its power system by Cyclone Idai in March and cyclone Kenneth in April.   Electricity Company of Mozambique chairperson and CEO Aly Impija told delegates attending the African Utility Week, in Cape Town, on Wednesday, that the cyclones wiped out […]