African Business News

South Africa eyes 5.6 GW wind generation capacity by 2020

For the next 4 years South Africa has immense potential for wind installations. According to recent reports by GlobalData research and consulting firm, more than 3 GW of wind energy is expected to be installed by 2020 which will bring the country’s cumulative wind capacity to 5.6 GW.

The report also states that majority of the addition capacity occurred in the last few years, with 30MW installed in 2013, 606 MW in 2014 and 483 MW in 2015. Until 2012, the wind industry was almost non-existent with just 10 MW of cumulative wind capacity installed.

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Construction begins for Wangari Maathai Institute in Kenya

The construction of an ultramodern centre at the University of Nairobi in memory of Nobel Laureate Wangari Maathai has kicked off in Kenya.The Institute estimated to cost US$1.4 billion. Local consultants led by Scope Design Systems are behind the project
Kenya’s President Uhuru Kenyatta this week laid the foundation stone for the Wangari Maathai Institute for Peace and Environmental Studies at the university.

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Egypt: Majid Al Futtaim shopping mall to open early 2017

The leading mall in Egypt, Majid Al Futtaim shopping mall is currently working on its final phases in readiness for its opening in March 2017.

The mall is going to be the largest and pioneer in terms of retail and leisure across North Africa and will cost a whopping US$ 675m.

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Watumishi Housing Company to construct 500 housing units in Dodoma

Watumishi Housing Company (WHC) is planning to build 500 housing units for public servants in Dodoma as the government relocates there.

The public entity which is a licensed fund manager for management of the WHC Real Estate Investment Trust (WHC-REIT) has already bought 50 acres and expects to start with 100 houses in the current financial year, according to the company’s chief executive officer Fred Msemwa.

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