Tag Archives: Africa

Hexagon Expands Geosystems Division with APEI Acquisition to Meet Growing Demand for High-Resolution Aerial Data

(IN BRIEF) Hexagon AB will acquire French aerial-mapping firm APEI—operator of a private survey aircraft fleet across Europe and Africa—to expand its geospatial content capabilities. APEI’s longstanding partnership with Hexagon includes contributions to the Hexagon Content Program and HxDR platform. … Read the full press release

TUM Alumnus Emmanuel Adjei Embarks on 10,000-Kilometer Charity Ride to Promote Educational Equity in Africa

(IN BRIEF) Emmanuel Adjei, a sports scientist at TUM, embarks on a 10,000-kilometer charity ride from Munich to Accra to promote educational equity and raise funds for the NGO EduSpots. Starting on June 7, 2025, the journey will cover 15 … Read the full press release

TUM Study Finds Green Hydrogen from Africa More Expensive Than Expected, Recommends Policy Interventions

(IN BRIEF) A study led by TUM and supported by the University of Oxford has revealed that producing green hydrogen in Africa for export to Europe is much more expensive than previously assumed. Only a small fraction of potential production … Read the full press release

Hapag-Lloyd Announces New Africa Organizational Structure to Boost Growth and Efficiency

(IN BRIEF) Hapag-Lloyd has restructured its operations in Africa to enhance its presence in line with Strategy 2030. The company has divided its previous two Areas into four, creating new divisions for West Africa, Central Africa, South Africa, and East … Read the full press release

Wood Awarded $100 Million Decarbonisation Contracts to Reduce Flare Gas and Improve Carbon Efficiency in Iraq

(IN BRIEF) Wood has secured contracts valued at approximately $100 million to support flare gas reduction and carbon efficiency projects in Iraq’s largest oil fields. The work includes engineering, procurement, and construction services aimed at improving operational efficiency and supporting … Read the full press release

EIB Global and Family Bank Partner to Support Women and Youth Entrepreneurs in Kenya with €100 Million Financing

(IN BRIEF) EIB Global and Family Bank in Kenya have launched a €100 million financing initiative to support small and medium-sized enterprises (SMEs), particularly those owned or led by women and youth entrepreneurs. The partnership, which includes a €50 million … Read the full press release

Snam’s BW Singapore Unit Successfully Commissioned, Strengthening Italy’s Energy Diversification

(IN BRIEF) The BW Singapore regasification unit in Ravenna has completed commissioning and will soon begin operations, adding 5 billion cubic meters to Italy’s LNG regasification capacity. This will bring Italy’s total regasification capacity to 28 billion cubic meters annually, … Read the full press release

EIB Joins LeapFrog to Drive Climate Innovation Across Africa and Asia with $60M Commitment

(IN BRIEF) The European Investment Bank has pledged $60 million to support LeapFrog Investments’ Climate Investment Strategy, a fund aiming to deploy $500 million for green technologies across Africa and Asia. Joined by partners such as IFC, Temasek, and SIFEM, … Read the full press release

EIB and EIF Unveil €3.6 Billion Financing Package to Boost Clean Transport, Energy, and Automotive Innovation

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have approved new financing initiatives aimed at bolstering clean transport, energy, and innovation projects, as well as enhancing water and sanitation infrastructure in Africa with a total … Read the full press release

Metso Opens Advanced Dewatering Hub in Irapuato, Bolstering Global Filtration and Customer Service Capabilities

(IN BRIEF) Metso has launched its advanced Dewatering Development Hub in Irapuato, Mexico, on April 10, 2025, marking a significant milestone in its pursuit of enhanced customer service and innovation. The facility manufactures polymer filter plates for both internal and … Read the full press release

LEGO Group Strengthens Global Supply Network with Strategic Expansion and Enhanced Regional Operations

(IN BRIEF) The LEGO Group has structured its supply chain into regional networks, positioning factories and distribution centres across three continents. This system enhances responsiveness to market changes while reducing transportation emissions. Currently, the company operates six factories in Denmark, … Read the full press release

TotalEnergies Bolsters Global Renewable Portfolio with Key Acquisitions in Europe, Africa, and Canada

(IN BRIEF) TotalEnergies has completed a series of strategic acquisitions and agreements to expand its renewable energy portfolio across Europe, Africa, and Canada. In Europe, the acquisition of VSB Group—an established developer in wind and solar energy—strengthens its integrated electricity … Read the full press release

HSG Leads the Charge: Pioneering EU and Swiss-Funded Projects to Transform Sustainable Agriculture and Land Use

(IN BRIEF) The University of St. Gallen (HSG) is spearheading three innovative projects—Nostradamus, LandShift, and AfroGrow—aimed at promoting sustainable agriculture and land use, with financial support from both the EU’s Horizon Europe programme and the Swiss State Secretariat for Education, … Read the full press release

Helios Fund V Secures $75 Million Investment from EIB Global to Fuel Africa’s Digital and Tech Growth

(IN BRIEF) The European Investment Bank (EIB Global) has committed $75 million to Helios Fund V, a private equity fund managed by Helios Investment Partners. Focusing on sectors like digital infrastructure, financial services, and tech-enabled services, the fund aligns with … Read the full press release

EIB Partners with Africa Finance Corporation to Launch $750 Million Infrastructure Climate Resilient Fund for Africa’s Green Future

(IN BRIEF) The European Investment Bank (EIB) is joining forces with Africa Finance Corporation (AFC) to finance the $750 million Infrastructure Climate Resilient Fund (ICRF), a major step towards advancing climate adaptation and sustainable infrastructure across Africa. EIB’s contribution of … Read the full press release

Metso Secures Contract for Upgrades and Repairs to Enhance Stockyard Equipment in Africa

(IN BRIEF) Metso has secured an order to carry out repairs and enhancements to a bucket-wheel stacker reclaimer at a customer’s stockyard in Africa. The project will involve upgrades to mechanical, structural, and electrical components, aimed at improving operational efficiency, … Read the full press release

UAE-France Strategic Alliance Fuels Clean Energy Expansion in Africa and Asia

(IN BRIEF) A new partnership, strengthened by the UAE-France High-Level Business Council and the UAE-France Framework for Cooperation in Artificial Intelligence, is set to bolster clean energy access in emerging markets. Masdar, TotalEnergies, and EPointZero have formalized a collaboration to … Read the full press release

2Africa Subsea Cable Reaches Crete, Marking a Major Milestone for Global Connectivity

(IN BRIEF) Vodafone Greece’s cable landing station at Tympaki, Crete, has received the 2Africa subsea cable, the world’s largest cable system. The system promises to enhance internet speed and reliability in Greece, while the broader 2Africa project, launched in 2020, … Read the full press release

EIB Invests €15 Million to Support SME Growth and Gender Inclusion in Africa through IPAE 3 Fund

(IN BRIEF) The European Investment Bank (EIB) has committed €15 million to the I&P Afrique Entrepreneurs 3 (IPAE 3) fund, aimed at supporting small and medium-sized enterprises (SMEs) across Africa. The initiative, which focuses on key sectors like agriculture, health, … Read the full press release

EIB Global Loan Boosts SES’s O3b mPOWER Satellite Network to Enhance Connectivity and Bridge the Digital Divide

(IN BRIEF) SES has secured a €125 million loan from EIB Global to expand its O3b mPOWER satellite network with three additional satellites. The loan will support the network’s efforts to provide high-performance broadband to underserved regions, particularly in Africa, … Read the full press release