Coal power plant plans remain in five southern African countries’ energy mix

SOUTHERN AFRICA – Five Southern Africa countries, Botswana, Malawi, Mozambique, South Africa and Zimbabwe are forging ahead with their coal power plant plans despite the global ‘no new coal’ agenda. These five African countries are part of a group of 21 countries that have more than one new coal power plant at the planning stage. The five African countries all have projects that are seeking financing from China, which now face an uncertain future following China’s recent announcement that it will end support for overseas coal projects. This is despite…

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AASA appoints Aaron Munetsi as CEO

SOUTHERN AFRICA – The Airlines Association of Southern Africa (AASA), has appointed Aaron Munetsi has been appointed as its new chief executive officer, with effect from 27 September 2021. Munetsi takes the helm from Wrenelle Stander who is leaving the industry body to take up a new position with Wesgro, promoting and developing in tourism and economic development in the Western Cape. Stander only took up the position of AASA CEO during the middle of July. She replaced Chris Zweigenthal, who retired after 19 years in the post. “Aaron is reputed for…

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ADF extends US$2.5m in grants to support the regulatory environment in SADC and COMESA electricity markets

SOUTHERN AFRICA – The Board of the African Development Bank Group has approved grants of US$2.5 million to advance intra-regional harmonization of electricity regulations and drive cross-border power trading in the COMESA and SADC regional blocs, which cover 28 African countries. The grants, US$1,500,000 for COMESA and US$1,000,000 for SADC, will be sourced from the African Development Fund, the Bank Group’s concessional financing window. The projects will be implemented through the Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA) and the Regional Energy Regulators Association of Southern Africa (RERA) respectively.  …

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TradeMark East Africa and TDB ink deal to support trade in Eastern and Southern Africa

EAST AFRICA – TradeMark East Africa (TMEA) and the Eastern and Southern African Trade & Development Bank (TDB) have signed a Memorandum of Understanding (MoU) that establishes a framework for collaboration ultimately seeking to boost trade in the region served by both institutions. By leveraging the two institutions’ expertise in project development and finance, TMEA and TDB will endeavor to jointly pursue targeted investments in trade logistics and production systems, including roads, ports and industrial parks projects, and to facilitate structured trade finance transactions of commodities. Moreover, institutions will work…

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Matrix Petroleum founder and CEO talks up AfCFTA prospects

SOUTHERN AFRICA – Diversified United Kingdom-based Metrix Petroleum says the Africa Continental Free Trade Agreement (AfCFTA) presents great opportunities for Africa’s development. Matrix Chief Executive Officer Mr. Malvin Chiwanga said in a statement to the media that their company was already present in South Africa, Zambia and Zimbabwe, and it was now expanding into Namibia and Tanzania through the linkages provided by AfCFTA. “Intra-Africa trade is worrisomely low at the current moment, especially when it comes to oil and gas. The establishment of the African Free Continental Trade Area is a good…

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Visa appoints Maurice Newa as new managing director for Southern Africa cluster

SOUTH AFRICA – Global payments group Visa, has appointed Maurice Newa as the new managing director of the Southern Africa cluster, a statement from the group has said. Newa would be responsible for the development and implementation of Visa’s growth strategy in the region and report to Aida Diarra, senior vice-president, and head of sub-Saharan Africa, and would be part of the sub-Saharan Africa leadership team. Prior to joining Visa, Newa worked at Vaya Technologies, an Econet Group subsidiary, where he was chief executive. He brought to Visa over 25…

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HiiL opens applications for Justice Accelerator for Southern Africa startups

SOUTHERN AFRICA – The Hague Institute for Innovation of Law (HiiL) is calling on all game-changing justice startups that want to grow their social impact and business to participate in this year’s HiiL Innovating Justice Challenge. Successful applicants will earn a place in the prestigious international HiiL Justice Accelerator programme, along with US$11,771 in funding and a package of tailored local support. The programme is searching for promising startups and social enterprises who are solving a pressing justice problem in a way that is high impact and sustainable.  Themba Mahleka, co-head of the…

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Dimension Data appoints Nompumelelo Mokou as managing director of its Southern Africa business

SOUTH AFRICA – Information technology services company Dimension Data has appointed Nompumelelo Mokou as managing director of its Southern Africa business, effective 1 April. This is another leadership change that comes hot on the heels of the company uniting its four brands of Dimension Data, Internet Solutions, Britehouse and ContinuitySA into a single entity or ‘One Dimension Data’. Mokou started her career at Dimension Data in 2016 and has most recently headed up its Intelligent Customer Experience business for the Middle East and Africa region. Before joining the company, she…

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Emirates to resume flights to Johannesburg, Cape Town, Durban, Harare and Mauritius

AFRICA – United Arab Emirates carrier Emirates has announced resumption of flights to Johannesburg, Cape Town starting October 1, Durban on October 4, Harare in Zimbabwe 1st October while flights to Mauritius on 3rd October. The addition of the five points will expand the Emirates’ global network to 92 destinations as the airline gradually resumes its operations while prioritising the safety of its customers, crew and the communities it serves around the world. Emirates’ African network will also now extend to 19 cities. Customers flying in and out of Emirates’…

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General Electric appoints Nyimpini Mabunda as Chief Executive Officer for Southern Africa

SOUTHERN AFRICA – General Electric (GE), a global digital industrial company, has announced the appointment of Nyimpini Mabunda as the Chief Executive Officer for Southern Africa. His mandate is to lead growth in the region and drive alignment across its Power, Healthcare, Aviation and Renewable Energy businesses. He will also drive GE’s BBBEE roadmap and processes in South Africa. Over his 23-year career, Nyimpini is an accomplished business leader with a track record of consistent performance and business transformation across FMCG, Telecoms and Financial Services having occupied senior roles in…

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