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Africa in a Low Oil Price World

International oil prices have plummeted by almost 50% since its peak of around US$115/bbl in […]

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Africa Brief: CAR leader seeks help, CIG reports strong results, Cameroon, Nigeria, Rwanda and more

Consolidated Infrastructure Group (CIG) said yesterday it had delivered strong results for the six months to February, largely due to renewable energy project work and increased spending on electrical infrastructure in Africa. CIG — through its main subsidiary Consolidated Power Projects (Conco) — is the largest turnkey developer and installer of high-voltage electrical substations and overhead cables in sub-Saharan Africa. Mr Gamsu said Conco had performed well over the past six months, securing a healthy 17% increase in its order book to R2.1bn from R1.8bn.

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Africa Brief: ‘Barcsa’ focus, Grinrod, Maputo, Angola stock exchange and more

Coal / Grindrod and Mozambique’s Maputo Port Development Company (MPDC) plan to invest $1.7bn over the next five years to upgrade ports in the country as demand grows, MPDC said on Friday. Capacity would be tripled at the Maputo and Matola ports to 50-million tons by 2020 from 15-million tons. Investment of $355m this year and next year had been approved to boost capacity at the Matola port terminal. The coal terminal will be handling 7.2-million tons by next year, from 6-million tons.

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