Industry News

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UK property company continues strategic disposal programme

UK real estate investment trust RDI is continuing to progress its strategic disposal programme amid positive letting activity. RDI CEO Mike Watters says the company’s asset management team has delivered a number of letting successes, reflecting the company’s ongoing focus on “maximising the potential” of the company’s core portfolio. Powered by WPeMatico

Ethiopia seeks mediation over Nile dam deadlock with Egypt

Ethiopia’s Prime Minister asked South Africa’s President to intervene in the Nile dam deadlock between Egypt and his country. The three countries and neighboring Sudan are being hosted by the US Treasury for negotiations in Washington on Monday. Powered by WPeMatico

Nigeria unveils $732m broadband project to boost economy

Nigeria plans to invest 265-billion naira ($732-million) in broadband infrastructure over the next four years as the government sets its sights on nationwide coverage and to boost an economy recovering from a 2016 contraction. The government will provide 65-billion naira for the project and six private infrastructure companies the balance under a public-private partnership, according […]

Enel Green Power breaks wind, solar installation record

Renewable energy developer Enel Green Power (EGP) set a new record in 2019 by building about 3 029 MW of new renewables capacity globally. This new capacity was set to generate around 9.3 TWh/y, avoiding the emission of 5.85-million tons of carbon dioxide a year into the atmosphere, contributing to the Enel group’s goal of generating […]

Ethiopia warns of last chance to reach agreement on $5bn dam

Ethiopia has warned of a “last chance” to reach an agreement on the filling and operation of the $5-billion dam being built by Addis Ababa (the country’s commercial and cultural hub) on the Nile.  According to Anadolu Agency (AA), Ethiopia, Egypt and Sudan have been in talks on the Grand Ethiopian Renaissance Dam (GERD) since […]

Basil Read considers selling mining business, progresses with rescue plan

The business rescue practitioners of embattled JSE-listed construction company Basil Read on Thursday announced they had appointed an independent sales adviser to value the company’s mining business and adjudicate on potential offers for the business. This business is one of two the company has, so far, retained during its business rescue proceedings and which continues […]