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African regulatory and business intelligence | issue 304 | 13 May 2019

Africa Business in Brief

African regulatory and business intelligence


Africa

Kymeta partners with Türksat to roll out land and sea connectivity in Africa, Europe and Middle East

Kymeta, the communications company that is completing the connectivity fabric across EMEA, has announced a new partnership with Türksat, one of the world’s leading companies providing satellite communications across a wide area extending from Europe to the Middle East and Africa. The partnership will bring connectivity solutions to Türksat customers for voice, data, internet, TV, and radio broadcasting. Kymeta solutions provide reliable communications at high speeds and on rough seas or terrains. Kymeta solutions provide reliable communications at high speeds and on rough seas or terrains. Türksat provides flexible solutions aimed at customers’ needs in regions where no terrestrial infrastructure is available.


Source: Africa Business Communities

Botswana

Botswana and World Bank to develop national strategic plan for renewable energy

The Botswana authorities have recently reached an agreement with the World Bank to develop a national strategic plan for the development of renewable energy in order to gain energy autonomy. Botswana wants to unleash its solar potential, in particular, to contribute to the fight against climate change. President Mokgweetsi Masisi of the Republic of Botswana said that his government would make massive investments in solar energy in order to position the country as a global promoter of renewable energy. For the World Bank, the approach is therefore to develop mini-grids. The World Bank is currently one of the main donors in the renewable energy sector.


Source: Energy Mix Report

Cameroon

Acrow Bridge installs 44 bridges as part of modernization of Cameroon’s rural infrastructure

Acrow Bridge, an international bridge engineering and supply company, has installed of the first of 44 bridges provided to the Government of Cameroon as part of Acrow’s financed Comprehensive Bridge Development Program delivered in 2018. In addition to the supply of the bridges, the program provides the extensive training of local engineers and technicians in the assembly, installation and maintenance of these critical infrastructure assets. Designed to contribute to the repair and modernization of Cameroon’s rural infrastructure, the project will support the development of regional trade and provide better access to schools, medical clinics and other basic goods and services.


Source: Africa Business Communities

Ethiopia

Ethiopia expands solar RfQ to 750MW

Ethiopia’s Public-Private Partnerships Directorate General (PPP-DG) has expanded the recently launched Request for Pre-Qualification (RfQ) for solar projects from 500 MW to 750 MW. The process now covers not four but six sites -- Weranso, Welenchiti, Humera and Mekele, as well as the newly-added Metema/Bahir Dar and Hurso. Now, interested parties need to submit their application by July 9, 2019, rather than the previous deadline of May 29, 2019. Prospective bidders that have already registered are not required to do so again and have the right to include the two new projects, the announcement said.


Source: Renewables Now

Ethiopia/Kenya

Antler opens East African Offices in Ethiopia and Kenya

Antler, a global startup generator and early-stage venture capital firm, opened East African offices in Ethiopia and Kenya as part of its global expansion. Commencing in August 2019, the first Kenyan cohort will include about 40 future founders, aiming to form up to 16 startups a year. Running local operation is a team of tech and business professionals, including Marie Nielsen, Selam Kebede and Kristy Willard. The program doesn’t require an idea, an existing team, or previous founder experience. Instead, it helps individuals find the right co-founders by leveraging Antler’s global data insights, experience, network, research and a rigorous recruitment process. Antler also supports entrepreneurs build tech companies by providing USD1,500 a month in phase 1 of the program, in addition to a further USD100,000 investment offered to each of the most successful graduates of the program.

Source: FinSME

Ghana

Eni makes gas discovery in Akoma prospect offshore Ghana

Eni announced a gas and condensate discovery in CTP-Block 4, offshore Ghana. The well, drilled on the Akoma exploration prospect, proved an estimated volume between 550 and 650 bcf of gas and 18-20 mmbbl of condensate. The discovery has further additional upside for gas and oil that will require further drilling to be confirmed. The exploration well Akoma – 1X is located approximately 50 kilometers off the coast and about 12 km north-west from Sankofa hub, where the John Agyekum Kufuor FPSO is located. The well was drilled by the Maersk Voyager drilling ship in a water depth of 350 meters and reached a total depth of 3790 meters. Akoma – 1X proved a single gas and condensate column in a 20 m thick sandstone reservoir interval of cenomanian age with good petrophysical properties and with hydrocarbon down to.

Source: Energy Mix Report

Ghana/Mozambique

Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa

Total announces that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for consideration of USD8.8-billion in the event of successful completion of Occidental’s ongoing bid for Anadarko. The transaction is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko and to approval by the relevant authorities and is expected to close in 2020. Overall, these assets represent around 1.2 billion boe of 2P reserves, of which 70% is gas, plus 2 billion boe of long term natural gas resources in Mozambique. 2018 equity production was 96 kboe/d and is expected to grow to around 160 kboe/d by 2025.

Source: Africa Business Communities

Kenya

Kwale-based Titanium firm to extend mine life

Australian mining firm Base Resources is seeking to expand its Kwale mine to a new site with an estimated resource estimate of 171 million metric tonnes. The move could extend the company’s local operations beyond 2024, benefiting employees and the government, which earns royalties at a rate of 2.5% of the value of export sales. Base Resources has nearly exhausted titanium minerals at the Central Dune where it started mining and is currently shifting its operations to the South Dune. The multinational says it is also planning ahead to mine in the North Dune, which has 171 million tonnes of raw titanium reserves. The firm will continue drilling on the North Dune this year with an aim of increasing and further understanding the mineral reserves.

Source: Business Daily

Kenya

Private firm to fund Sh21-billion old rail link to SGR

Private contractors will finance the upgrade of the old metre gauge railway (MGR) between Naivasha and the Malaba border and also+ build a new line connecting to the Standard Gauge Railway (SGR) at a total estimated cost of Sh21-billion, Transport Secretary James Macharia has said. The public-private-partnership contract will help the government to avoid borrowing more loans while ensuring that there is a reliable railway connection between Naivasha and the Ugandan border for onward connection to Kampala. Kenya dropped its bid to extend the SGR to Kisumu and later on to the Ugandan border after failing to secure a multi-billion-shilling loan from China, which funded the first and second phases of the new railway line.

Source: Business Daily

Kenya

Internet Solutions completes Ksh.280-million fibre access network upgrade

Internet Solutions has completed upgrading its fiber access network at a cost of over Shs280-million. The upgrade which began in 2017 will provide a more stable network service with automatic rerouting in the event of a fiber. It has also largely eased network broadcasts impacting the network. Apart from the fibre network, the company has also upgraded its wireless network. The upgrade allows for three times the throughput on the wireless access points and has been deployed in very busy and congested locations resulting in increased capacity. It has also allowed rationalization of the number of equipment per wireless site resulting in improved spectrum efficiency thereby reducing interference levels and improving services to clients.

Source: Africa Business Communities

Kenya/Rwanda

Rwanda e-retailer for lady products sets up in Kenya

Rwanda-based e-commerce firm Kasha has entered the Kenyan market, offering health, personal care and beauty products targeting women. Through the Kasha platform, customers can order pharmaceuticals, contraceptives, HIV self-test kits and sanitary products, among others. The firm will then partner with logistics firms such as Sendy and Tez Logistics to deliver the products on a motorbike. Kasha has so far received funding from institutional investors VestedWorld, SUNU Capital, The Case for Her and Partners Group as well as grants for subsidising pricing for youth in certain areas from partners such as the Bill & Melinda Gates Foundation. Kasha has so far moved 10,000 units of products, averaging two units per order.

Source: Business Daily

Mauritius

UNCTAD, Mauritius open fisheries regional centre of excellence

UNCTAD and Mauritius have signed a memorandum of understanding to open a new centre of excellence for the fisheries sector in developing countries. The centre will serve as a practical site for putting policy recommendations for least developed countries (LDCs) into action. “This includes providing support to training activities and building institutional, as well as regulatory capacities of developing countries,” said Paul Akiwumi, director of UNCTAD’s division for Africa and least developed countries. The centre will host training and capacity-building events for African and Asian countries, with an eye towards harnessing the potential of their fisheries and aquaculture sectors for sustainable growth, transformation and poverty alleviation.


Source: Africa Business Communities

Mauritius

Citdex, Stock Exchange of Mauritius to launch digital securities exchange

Citdex, Stock Exchange of Mauritius and Central Depository & Settlement Co. Ltd have signed an exclusive joint venture agreement to launch a Digital Stock Exchange of Mauritius and a Digital Central Depository Systems leading to spearhead the development of global digital capital markets and digital securities custodian services in Mauritius. Sunil Benimadhu, Chief Executive of Stock Exchange of Mauritius and Vipin Mahabirsingh, Managing Director of CDS said, "Mauritius is well positioned to offer a well-regulated and pragmatic framework to issue, trade, and settle digital securities for both retail and institutional investors. This initiative is expected to accelerate the development of the Mauritius International Financial Centre. We are keen to work with Citdex on this venture."

Source: Africa Business Communities

Mauritius

National grid code plans underway for Mauritius

An Inception Workshop on the Establishment of a National Grid Code and Development of Standards, Funding and Incentive Strategy for Renewable Energy (RE) projects in Mauritius opened this morning at the Ravenala Attitude Hotel, Turtle Bay, in Balaclava. It is organised by the Mauritius Renewable Energy Agency (MARENA) under the UNDP-Green Climate Fund (GCF) project on ‘Accelerating the transformational shift to a low carbon economy in the Republic of Mauritius’. The event has an objective to define the way forward for the development of a Grid Code which sets out all the requirements relevant to the performance, operation, testing, safety, and maintenance of distributed generation connected to Central Electricity Board’s (CEB) Medium Voltage Network through a step-up transformer.


Source: Energy Mix Report

Mozambique

Kibo Energy progresses with coal-fired power plant

Kibo Energy is advancing the development of its 65% owned Benga Power Plant Project in Joint Venture with Mozambique energy company Termoeléctrica de Benga. The multi-asset energy company has entered into this agreement with a view to constructing and operating a 150-300MW coal-fired power station with feedstock provided by regional coal producers. In line with this, the company has presented the Definitive Feasibility Study for the Project to the Ministry of Energy and EDM, Mozambique's publicly owned electricity company. Additionally, under the terms of the existing Memorandum of Understanding, power purchase agreement (PPA) discussions with EDM continue to progress as do those with potential private off-takers.

Source: Africa Business Communities

Mozambique

Mozambique to invest USD200-million to rebuild a railway link to Zimbabwe

Mozambique wants to invest USD200-million to rebuild a railway link to Zimbabwe, Macauhub announced quoting official sources. The new investment is to be made by the Caminhos de Ferro de Moçambique (CFM). It will help rebuild Machipanda railway linking Beira port (Mozambique) to Zimbabwe, after the havoc wrecked by Cyclone Idai in March 2019. This will improve services provided and ensure the transport of goods to other countries such as Zimbabwe that has no seafront. No detail has been provided as far as the funding sources are concerned. In 2018,

Source: Ecofin Agency

Nigeria

FEC okays NGN2.5-billion for pipeline installation

A pipeline installation to transport dry gas through the North and South corridors to the West corridor has been approved by the Federal Executive Council (FEC) at the cost of NGN2.5-billion. The 30-kilometre project, which is operated by Shell and Seplat, has a dollar component of USD32-million. It is designed to transport dry gas through the corridors and has a completion period of 18 months. The approval was one of several memos considered by the FEC in Abuja. Findings indicated that the FEC members came under pressure to hold the long session in a bid to treat many outstanding memos as the May 29 handover drew nearer. The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the aim of the pipeline contract, to be executed by the Nigerian National Petroleum Corporation, was to ease the movement of gas across the country.

Source: Energy Mix Report

South Sudan

Petroleum agreement between South Sudan and South Africa a boost to South Sudan’s economic revival

The signing of the new exploration and production sharing agreement (EPSA) between South Sudan and South Africa’s Strategic Fuel Fund (SFF) is seen as a boost to the oil sector and promotes peace and stability within the country. This landmark oil deal marks yet another achievement for Africa’s growing energy investments and will provide a further boost to South Sudan’s economic revival. This is the second petroleum exploration agreement that South Sudan has signed since independence. Singing this deal with South Africa’s state-owned company marks the emergence of strong intra-African energy cooperation and signals the willingness by South Sudan to provide investors with an enabling environment to invest and do business in the country.


Source: African Business Communities

Tanzania

Tanzania government to spend Sh102.2-billion on airports construction and rehabilitation

The Tanzania government plans to spend some Sh102.2-billion for construction, upgrading and rehabilitation of airports in the next financial year as part of the efforts to uplift the aviation industry. Development partners are expected to inject in some Sh62.2-billion of the budget with local sources contributing the rest. In parliament, Works, Transport and Communications minister Isack Kamwele presented the next financial year’s budget proposal of Sh4.9-trillion for his docket, of which some Sh4.8-trillion was meant for development projects, with the rest set aside for recurrent and other expenditure. Some priorities to be implemented in the next financial year as construction of Msalato, Kigoma, Sumbawanga, Tabora and Shinyanga airports.


Source: The Citizen

Senegal

Solar hybrid systems to power Senegalese communities

The German hybrid solutions provider, DHYBRID, has been selected to supply seven solar PV diesel hybrid systems in remote Senegalese locations with hybrid control and energy storage systems. The total output capacity is 2MW, the storage capacity 2MWh. The plants will enable Senegal to supply power for very isolated sites and to diversify its energy mix. DHYBRID has been selected by the French EPC company and main contractor Omexom, the energy brand of the VINCI Energies Group, for these projects because of their scalable technology platform as well as the global track record in hybrid installations.

Source: ESI Africa

Togo/Senegal

Investment platform open for solar plants in West Africa

West African solar energy company, Daystar Power, has partnered with Trine a Swedish investment platform to finance solar plants in West Africa. The partnership opens up investments in Daystar Power’s solar power installations, previously limited to large-scale investors, to the wider public. Daystar Power and Trine initiated their partnership by opening a round of debt investments for a total of USD559,878 for Daystar Power’s latest captive power installations for commercial customers in Togo and Senegal. This financing round allows individuals and companies to invest in Daystar Power’s projects with a minimum investment amount of USD27.

Source: ESI Africa

Uganda

Total receives approval for Tilenga development in Uganda

Total E&P has secured the green light for its major oil project also known as Tilenga to proceed after 10 months of evaluations by Uganda’s environmental body. Total E&P said the approval by the National Environment Management Authority (NEMA) is a major step in Uganda’s journey to produce oil but conservationists are concerned that proper procedures were not followed, which could endanger the environment. The Tilenga project is the main centre-piece of the oil projects that are supposed to bring into Uganda investments of over USD20-billion but its location at the heart of Murchison Falls National Park, one of Uganda’s leading tourist destinations and home to endangered species of animals, birds, insects and reptiles, has for long made conservationists nervous.

Source: Energy Mix Report