ABN - Saudi Arabian energy firm ACWA Power has awarded an Engineering, Procurement and Construction (EPC) contract to China’s Chint Group for the development of three solar PV plants in Egypt.
ABN - China’s Sinopec Corp is set to beat Glencore to the US$900 million purchase of Chevron’s South Africa and Botswana assets, after the SA government confirmed it had reached an agreement with Sinopec.
ABN - First ground has been broken at the site of the US$1 billion Virgin City project in Southeast Nigeria, which will deliver an entire urban settlement including various infrastructural networks.
ABN - Two diamond miners in Gem Diamonds and Lucapa Diamond have both announced the discovery of significant finds, including two over the 100 carat range, at their African flagship sites.
ABN - Kenya’s telecoms regulator has published a revised competition report which reveals it has dropped controversial plans to split Safaricom into separate business units.