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Industry News

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Egypt, Ethiopia, Sudan agree to US-brokered deal over Nile dam

Egypt, Ethiopia and Sudan said they reached an agreement on the operation of a giant dam on a Nile tributary, a sign of easing tensions in the region. The countries issued a joint statement along with the US and World Bank, which had participated as observers at meetings in Washington this week. The pact lays […]

Metier reaches first close of second investment fund to focus on energy, water

Private equity fund management business Metier has received $113-million in commitments and reached first closing on its second Sustainable Capital Fund (MSC II). The fund will be used to strengthen renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa. Powered by WPeMatico

UK pledges new aid to help build green cities across Africa

The United Kingdom has pledged new aid towards building green cities across Africa with quality infrastructure to help the continent reach its economic potential. The announcement from the UK Department for International Development (DFID) came as its secretary Alok Sharma visited Kenya ahead of the UK–Africa investment summit in London on January 20. Powered by […]

Cheap cement imports crippling South African industry, says Databuild

South African cement manufacturers are being severely undermined by cheap imports from countries such as China, Vietnam and Pakistan, an industry official said on Wednesday. The government’s failure to stem the influx of these products could have a severe detrimental impact on an already struggling industry, Databuild CE Morag Evans said in a statement. Powered […]

London court orders Djibouti to restore DP World’s rights over Doraleh port – WAM

A London arbitration court has ordered Djibouti to restore DP World’s right to operate the Doraleh Container Terminal as detailed under a 2006 concession deal within two months or pay damages, the State news agency WAM reported on Tuesday. The government of Djibouti seized the terminal from Dubai government-controlled DP World in February 2018 over […]

How high can you go? Race to the top for three African cities

What do South Africa, Côte d’Ivoire and Morocco have in common? The three countries spread across south, west and northern Africa are all vying to build the continent’s tallest building. The Leonardo, in Johannesburg’s upmarket Sandton neighborhood, is 234 m high and is the current holder of the prestigious title. Yet not long after it […]