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SUSTAINABLE MINING P44 World’S Largest Hydrogen Truck on Track ATR Feb 2021 Cover_Layout 1 28/01/2021 12:22 Page 1 www.africanreview.com Europe €10, Ghana C1.8, Kenya Ksh200, Nigeria N330, South Africa R25, UK £7, USA $12 FINANCE POWER CONSTRUCTION MINING Increased investments in Zambia Desalination plants and pump Roll-out of Volvo’s 10-tonne Hybrid power solutions needed for SDGs by 2030 P18 units powered by PV systems P24 asphalt compactors P30 changing the industry P38 FEBRUARY 2021 African Review of Business and Technology African Review SUSTAINABLE MINING P44 World’s largest hydrogen truck on track February 2021 February AFCFTA P19 Opportunity or curse for Africa? Volume 57 Number 01 Volume P16 www.africanreview.com “The continent only needs to cultivate a cluster of real catalytic investors to YEARS mount a resilient mining investment 58 Covid-19 response.” SERVING BUSINESS IN Hubert Danso, CEO of Africa investor (Ai) AFRICA SINCE 1964 S01 ATR Feb 2021 Start_ATR - New Master Template 2016 25/01/2021 15:50 Page 2 S01 ATR Feb 2021 Start_ATR - New Master Template 2016 28/01/2021 12:34 Page 3 Editor’s Note elcome to our February issue of African Review. In our cover story, we caught up with Anglo WAmerican and its plans on developing the world’s largest hydrogen mining haul truck as part of efforts to reduce the company’s carbon footprint, (page 44). Our economist, Moin Siddiqi, provides a comprehensive overview of the African Continental Free Trade Area, (AfCFTA) agreement, which came into being last month, and its implications in transforming Africa’s intra-regional trade capabilities. The World Bank now says intra-continental trade will increase to US$532bn in 2035, compared to US$294bn before the agreement was enforced, (page 19). Other highlights to look out for in our power and construction sections, include how a Finnish tech company is helping to produce clean water for people in Kenya through solar-powered desalination Cover picture: A Komatsu mine haul truck to be converted units (page 24), and an in-depth study of the African construction sector, with emerging markets in to using hydrogen at Mogalakwena platinum mine in Kenya and Ethiopia, looking bright for the future, (page 32). South Africa. © Anglo American Over in mining, battery metals could be the next ‘gold’ for West Africa, (page 42), and finally, we met Cover Inset: Hubert Danso, CEO of Africa investor (Ai) © Hubert Danso the experts from the Water Institute of Southern Africa (WISA) conference, who explained why youth are paramount in providing the water solutions of the future, (page 46). Editor: Samantha Payne Email: [email protected] Samantha Payne, Editor Editorial and Design team: Mariam Ahmad, Prashanth AP, Fyna Ashwath Miriam Brtkova, Praveen CP, Manojkumar K, Nonalynka Nongrum Unique Pattnaik, Abhishek Paul, Rahul Puthenveedu, Deblina Roy Vinita Tiwari and Louise Waters Contributing editor: Martin Clark Publisher: Nick Fordham Sales Manager: Richard Rozelaar Email: [email protected] Magazine Manager: Jane Wellman Contents Tel: +44 207 834 7676 Fax: +44 207 973 0076 Email: [email protected] India TANMAY MISHRA Profile Tel: +91 98800 75908 16 Hubert Danso, CEO of Africa investor (Ai), speaks on the Email: [email protected] merits of joint public and private partnerships to drive Nigeria BOLA OLOWO much-needed investment in Africa’s mining sector at the Tel: +234 80 34349299 Email: [email protected] African Mining Forum. UAE MURSHID MUSTAFA Tel: +971 4 448 9260 Fax: +971 4 448 9261 Trade Email: [email protected] 19 Economist Moin Siddiqi provides us with an excellent UK RICHARD ROZELAAR overview of the African Continental Free Trade Area Tel: +44 20 7834 7676 Fax: +44 20 7973 0076 P16 (AfCFTA) agreement, and what it means for increasing the Email: [email protected] continent’s intra-African trade opportunities on a level USA MICHAEL TOMASHEFSKY never seen before. Tel: +1 203 226 2882 Fax: +1 203 226 7447 Email: [email protected] Head Office: Alain Charles Publishing Ltd, University House, Power 11-13 Lower Grosvenor Place, London SW1W 0EX, United Kingdom 25 Solar power solutions are developing at a rapid rate, Tel: +44 (0)20 7834 7676, Fax: +44 (0)20 7973 0076 making power more accessible to people in remote Middle East Regional Office: Alain Charles Middle East FZ-LLC, regions. An example of an innovative solar project can be Office L2-112, Loft Office 2, Entrance B, found in the village in Kitui County, Kenya. Solar water PO Box 502207, Dubai Media City, UAE, ATMs have been installed for people to buy clean water Tel: +971 4 448 9260, Fax: +971 4 448 9261 with mobile payments. Production: Srinidhi Chikkars, Swati Gupta and Nelly Mendes P25 E-mail: [email protected] Construction Chairman: Derek Fordham 30 Volvo Construction Equipment has rolled out the DD105 Printed by: Buxton Press and DD105 OSC asphalt compactors, which come equipped Printed in: JANUARY 2021 with Tier 3/Stage IIIA engines for emerging markets. ISSN: 0954 6782 SUBSCRIPTIONS: Mining Rates for one year (11 issues): 44 Anglo American is leading the way with the development Europe €107, Kenya KSh3400, Nigeria N6600, South Africa R460, of a Fuel Cell Electric Vehicle (FCEV), which is an ultra-class United Kingdom £77, US$140 mining haul truck. We look at other hybrid-powered To subscribe: visit www.africanreview.com/subscribe P30 mining trucks in progress that will help to reduce carbon For any other enquiry email [email protected] emission targets. Water and environment 46 The Water Institute of Southern Africa (WISA) held a successful conference last year, addressing key issues facing the water industry in this part of the continent, among which were lessons learned from dealing with the Serving the world of business risk of exposure to coronavirus in communities. P46 S02 ATR Feb 2021 news North_ATR - New Master Template 2016 25/01/2021 15:57 Page 4 NEWS | NORTH Arab Investment Bank drives digital strategy CEVA LOGISTICS ACQUIRES with Temenos Infinity and Payments MOROCCO’S ASTI GROUP Temenos Infinity and Temenos Payments are Following a long-term partnership spanning digital banking systems, soon to be adopted by over two decades between the two the Arab Investment Bank to improve companies, CEVA Logistics has continued its performance, drive its digital growth strategy and goal to widen its presence across Africa by boost financial inclusion across Egypt. Adobe Stock Image Credit: acquiring the Morocco-based ASTI Group. The software aims to broaden Arab Investment In acquiring ASTI Group, CEVA Logistics Bank’s customer base and make digital payments hopes to expand its export capability, easier than ever for consumers. notably their reefer services, in co-operation Of Egypt's adult population of 67 million, 90% with its parent company the CMA CGM group of which have a mobile phone, only one in three (a shipping and logistics specialist) and has a bank account – of this, less than 6% made contractual logistics activities across digital payments in the last year. Less than 6% of Egyptian adults made digital Casablanca and the Tangier free zone, where payments in the last year. With Temenos Infinity, the bank hopes to make ASTI Group operates. its services faster and more accessible for its customers. The new system accelerates time-to-market for The new operation will be focused on new digital banking products – allowing Arab Investment Bank to offer a seamless digital experience capitalising on the current strength of across its entire product range. The system’s sophisticated analytics will also drive customer Morocco’s automotive industry, a vertical in engagement and acquisition, helping them target the most relevant potential customer bases, boosting which CEVA Logistics has already established the bank’s digital revenues five times over and cutting customer onboarding time by 75%. itself as a market leader. Temenos Payments focuses on Arab Investment Bank’s strategic growth area of boosting digital ASTI Group currently consists of almost payments, supplying the bank with a comprehensive and universal platform for efficient payments, 100 full time members of staff across two removing the need for different systems for different payment types. Streamlining the process of enabling locations. This will give CEVA Logistics extra and receiving all kinds of digital payments simplifies the operation for both the bank and its customers. capability in air, ocean, ground project Jean-Paul Mergeai, managing director for Temenos’ operations in the Middle East and Africa, logistics and customs clearance services. ASTI explained, “Internet and mobile banking are key to unlocking economic development and financial is fully certified with authorities and has a inclusion and so Temenos is proud to support Arab Investment Bank in its bold mission to improve direct EDI interface with Moroccan Customs, access to digital banking services in Egypt. The suite of Temenos products deployed by Arab Investment which will help streamline CEVA Logistics’ Bank provides an agile platform to move forward at speed with its digital ambitions. By making it Moroccan exporting and importing easier to open a bank account, receive and make digital payments, our technology is helping Arab operations. Investment Bank dramatically improve the lives of 44 million Egyptians, who currently do not have a CEVA Logistics’ CEO, Mathieu Friedberg, bank account.” explained, “The acquisition of ASTI further enhances our standing in the African market and shows our ambition for the continent as a whole. We believe there is enormous LEKELA INSTALLS FIRST TURBINE AT WEST BAKR potential across a range of freight services Lekela, the renewable power generation company that delivers utility-scale projects across Africa, has and extending the CEVA brand in its own announced the successful installation of the first turbine at its 250MW West Bakr wind project in Egypt.
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