Business

Sat,23Feb2019

Business

South Africa's Eskom plans first major battery storage project

Eskom's electricity pylons snake across a hill in a Johannesburg suburb, Thursday, Nov. 24. 2011. Photo: AP Photo/Denis Farrell South Africa's state-run power firm Eskom said on Tuesday it is planning its first major battery storage project as President Cyril Ramaphosa seeks to boost renewable energy usage and reduce the country's reliance on coal.

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South African state firm Transnet removes CEO

This undated publicity photo supplied by TRANSNET shows the Blue Train against a backdrop of Table Mountain in Cape Town, South Africa. Photo: AP/SIPAThe board of directors of South African state-owned logistics firm Transnet said it had removed Chief Executive Siyabonga Gama, who has been accused of misconduct in a multi-million-dollar deal.

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Congo signs deal for $14 bln Inga hydro project, but doubts remain over power supply

Tuesday, May 29, 2018, young girls stand in a market in Kinshasa, Congo. Photo: Sam Mednick/AP/SIPACongo signed a joint deal on Tuesday (October 16) with a consortium led by China Three Gorges Corporation and another Spanish-led consortium to develop its $14 billion Inga 3 hydroelectric project.

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Wooing investors, Rwanda hosts first tantalum-tracking blockchain

Congolese artisenal miner. AP PhotosRwanda's mining boss announced this week the world's first blockchain project to track tantalum from the pit-face to the refinery, part of a push to woo investors seeking a conflict-free source of minerals.

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Morocco | Local links in the auto value chain

Renault’s Tangier plant, opened in 2012, produced its millionth vehicle in 2017; its success has led Peugeot to follow suit - DAVID TEMPLIER
In a booming sector dominated by foreign companies, local industry leaders are building on Renault and Peugeot plants to claim a bigger share of the market

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Angola | Best-laid plans

The government intends to invest in large-scale food production to reduce imports - Credits: JOERG BOETHLING/HÉMIS.FR

The government wants to break free from oil dependency, but will it be able to improve electricity, finance and infrastructure enough to break crude’s hold?

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Uganda: A bitty bourse

 

All rights reservedDespite the attractiveness of many East African companies, the Uganda Securities Exchange is frustrated  in its efforts to foster a vibrant capital markets culture

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