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Despite big obstacles, AfCFTA viewed as key to weaving new trade and industrial tapestry
Published: 28 Jun 24
In the grand tapestry of international commerce, Africa’s 55 nations have stood as individual threads rather than a unified fabric of economic opportunity. But a new era of collaboration being ushered in by the African Continental Free Trade Area (AfCFTA) Agreement promises to harness the continent’s vast potential and foster economic prosperity for its people. Launched in 2021, this African Union (AU) treaty aims to integrate the country’s economies through facilitating the easy, cheap flow of goods and services. Coupled with complementary measures such as the adoption of open visa policies, this will create a megamarket of 1.3-billion people, which, according to United Nations (UN) projections, will increase to about 2.5-billion people by 2050, with a corresponding surge in business and consumer spending from close to $3-trillion currently to about $16.12-trillion.
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Despite big obstacles, AfCFTA viewed as key to weaving new trade and industrial tapestry
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Partnership collaborates on sustainable, smart infrastructure
Published: 28 Jun 24
Since the announcement of their partnership in 2022, consulting engineering and infrastructure and advisory firm Zutari and AltX-listed 4Sight have refined a unique service offering by working on some of the largest and most complex mega projects in the Middle East, as well as major projects in South Africa. Zutari design director Martin Smith comments that the partnership offers a differentiated service that in not found in any “typical” consulting engineering practice. He notes that bringing the two companies together sees their capabilities complement each other.
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Multinational celebrates SA female engineers
Published: 28 Jun 24
During International Women in Engineering Day (INWED), which took place on June 23, with the aim of celebrating the contributions of female engineers, multinational plant equipment manufacturer Bühler Johannesburg celebrated the role of its female engineers. The company highlighted Bühler Johannesburg hardware engineer Shongeleni Beauty Chauke, an Engineering Council of South Africa (ECSA) technician candidate and an associate member of the South African Institute of Electrical Engineers (SAIEE).
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Consultancy awarded US contract
Published: 28 Jun 24
Engineering consultancy Worley has been awarded a contract to provide detailed engineering and procurement services for underground infrastructure and surface-based non-process facilities of diversified miner and metals company South32’s zinc/lead/silver Taylor deposit, which is part of the miner’s greater Hermosa project, in Arizona, in the US. Under this contract, Worley will support the design and procurement of underground mechanical and electrical infrastructure for excavation, power distribution and dewatering, along maintenance and ore-handling systems.
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Skills refocus required for green hydrogen development
Published: 28 Jun 24
To address persistent mismatches between technical and vocational skills, and industry requirements, and meet future skills requirements for South Africa’s local green hydrogen economy, the industry needs to integrate “skills foresight approaches” throughout the skills development system, according to a policy recommendations report. Research institute South African Institute of International Affairs’ (SAIIA’s) ‘Training in Uncertainty: Skills Foresight for a Just Green Hydrogen Transition’ report, released last month, describes skills foresight as a structured process for anticipating future skills needs to inform present-day decision-making.
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Hydrogen purification system in development
Published: 28 Jun 24
Ceramic technologies company NGK Insulators and industrial business multinational Mitsubishi Heavy Industries (MHI) will jointly develop a hydrogen purification system that uses membrane separation to purify hydrogen from a hydrogen-nitrogen mixture produced during ammonia cracking processes. Ammonia is gaining recognition as a safe and efficient hydrogen carrier, facilitating large-scale hydrogen transport and storage. The companies anticipate that the purification system will contribute to the establishment of a hydrogen and ammonia supply chain, enabling high-volume transport.
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Government interventions key for hydrogen development
Published: 28 Jun 24
Green hydrogen is hailed as critical for a low-carbon energy future, with Africa well-positioned to be a key player in this sector. However, realising the continent’s potential requires African governments’ intervention to derisk and encourage investments, according to global law firm A&O Shearman. The A&O Shearman team, comprising Africa group head and partner Tim Scales, energy and infrastructure partner Antoine Haddad, energy and infrastructure partner and project finance specialist Alessandra Pardini, London-based projects, energy, natural resources and infrastructure partner Troy Edwards and Johannesburg-based projects, energy, natural resources and infrastructure partner Alexandra Clüver, state that notable projects in Morocco, which could capture up to 10% of the global market, and initiatives in Mauritania, Djibouti, Namibia and South Africa, showcase Africa’s potential as a future global hub for green hydrogen production.
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System converts LPG to hydrogen
Published: 28 Jun 24
Hydrogen-focused startup HYENA has successfully developed a process to convert liquid petroleum gas (LPG) into clean electricity using its innovative POWER POD system at its new development facility in Cape Town. “We’re revolutionising clean energy by converting LPG into electricity with our innovative POWER POD system,” says HYENA CEO Niels Luchters.
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Event to highlight key African projects
Published: 28 Jun 24
The upcoming African Energy Week (AEW): Invest in African Energy 2024 conference will focus on critical industry issues and investment opportunities in Africa's energy sector, including discussion on key energy projects and Africa’s burgeoning green hydrogen industry. The conference will be held from November 4 to 8 at the Cape Town International Convention Centre in Cape Town.
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Mercedes-Benz SA considers cutting 700 jobs on back of struggling economy, ports
Published: 28 Jun 24
Mercedes-Benz South Africa (MBSA) says it will move from three shifts a day at its East London plant to two shifts, in a move that could potentially cut 700 jobs. MBSA produces the C-Class for the local and export markets, with more than 90% of production exported. Production reached around 90 000 units last year.
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Mercedes-Benz SA considers cutting 700 jobs on back of struggling economy, ports
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Hendrina Wind Farm, South Africa
Published: 28 Jun 24
Maydon Wharf precinct liquid bulk facility, South Africa
Published: 28 Jun 24
Kaminho deep-water project, Angola
Published: 28 Jun 24
In the grand tapestry of international commerce, Africa’s 55 nations have stood as individual threads rather than a unified fabric of economic...
Mercedes-Benz SA considers cutting 700 jobs on back of struggling economy, ports
Published: 28 Jun 24
Mercedes-Benz South Africa (MBSA) says it will move from three shifts a day at its East London plant to two shifts, in a move that could...
Event to highlight key African projects
Published: 28 Jun 24
