Saturday, February 4, 2023
By Scott Zoldi The world over, 2018 was a period of intense AI-related creativity. It was a year in which artificial intelligence became better operationalized, with many companies beginning to move their AI systems to the cloud for increased ease...
Winning company Konexa named during final panel of Africa Energy Form 2020, receiving prize fund of USD $5,000. The competition inspired team-building and innovative ideas to transform current utilities into Advanced, Futuristic, SMART, Sustainable and Agile African Power Utilities. The...
More than in many other sectors, digitalisation is set to revolutionise the logistics industry. Digital innovations have been introduced at a slower pace in the oldest and most global commercial sector than in other industries. But the now rapidly...
Inspired Evolution a Cape Town-based  investment management business has struck a deal to pour up to US $36m into solar developer Alten RE Developments Africa BV (Alten Africa) and its 225MW power portfolio. The US $36m investment will be through...
At least five oil consortiums said they were considering a proposal from the state-run Nigeria National Petroleum Corp. to prolong a crude-for-fuels swap program until the middle of next year, people familiar with the matter said. Extending the swap would...
The African Development Bank (AfDB) has approved a senior loan of US $29.5m and a concessional loan of US $20m from the Climate Investment Funds (CIF) Clean Technology Fund (CTF) to Quantum Power East Africa GT Menengai. The funding will...
The government of the republic of Kenya through the states ministry of Petroleum and Mining has signed an agreement with three major oil companies namely Total, Tullow Oiland Africa Oil Corp to develop a crude processing facility with a capacity to  dispense 60,000...
The options for mining companies battling new legislation in the Democratic Republic of Congo -- Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt -- have just about run out. After six months of lobbying, companies...
The African Green Infrastructure Investment Bank (AfGIIB) has announced its model law on Institutional Investor-Public Partnerships (IIPP) initiative (ML-IIPP). First adapted by the African Unions’ 5 percent institutional infrastructure investment agenda initiative, the ML-IIPP framework will assist emerging and developing...
Initial $155 million investment nine years ago now worth more than $1.24 billion. The value of the 10% investment the California Public Employees’ Retirement System (CalPERS) made in London’s Gatwick Airport nine years ago has skyrocketed, turning an initial...