Ethiopia has moved closer to becoming a meaningful gold producer after securing about $340 million in financing to develop the long-delayed Tulu Kapi project, the country’s largest modern gold mine. The funding package paves the way for construction to begin and includes roughly $240 million in long-term debt from AfricanContinue Reading
BIA Group announces the acquisition of BPM Construction, a well-established player in France specialized in the distribution of equipment for construction and extractive industries. This strategic move strengthens BIA’s presence in Europe and opens new opportunities for BPM Construction’s clients by combining the reach of an international group with theContinue Reading
Zambia has become the first African country to formally accept China’s yuan for the payment of mining taxes and royalties, underscoring Beijing’s growing financial influence in one of Africa’s most strategic resource economies. The Bank of Zambia confirmed that yuan-denominated payments began in October, marking a change in how Africa’sContinue Reading
Perkins has welcomed Richard Hemmings as its new Vice President & General Manager for Global Sales, Marketing, Service and Parts (SMSP), effective January 1, 2026. In this role, Richard will lead the commercial business, responsible for global sales and marketing of Perkins branded products, as well as parts for theContinue Reading
Strategic INR 2 billion investment expands BEUMER’s global manufacturing network with first production hub in Reliance MET City, India Jhajjar/Haryana, 19 December 2025 – BEUMER Group, a leading provider of material handling solutions, has officially inaugurated a new state-of-the-art manufacturing facility at Reliance’s Model Economic Township (MET City) in Jhajjar,Continue Reading
Côte d’Ivoire has taken an additional important step toward guaranteeing access to clean water with the inauguration of the urban water supply system for the Sub-Prefecture of Galébré. This is one of the first systems completed under the country’s national Water for All (Eau Pour Tous) program. Designed to improveContinue Reading
Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has been awarded a landmark USD 250 million contract for the construction of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) African Trade Centre, which will also host its new headquarters building, to be located in the New Capital of Egypt. Among theContinue Reading
Rolls-Royce’s Power Systems division is supplying a total of eight mtu emergency power generators for two fully electric fast ferries belonging to the Spanish shipping company Baleària. From 2027, the ships will cover the 18 nautical miles between Tarifa in Spain and Tangier in Morocco using electric power, thereby openingContinue Reading
African Export-Import Bank (Afreximbank) (www.Afreximbank.com), Africa’s leading multilateral financial institution, today marked a historic milestone with the groundbreaking ceremony of the Afreximbank African Trade Centre (AATC) in Egypt’s New Capital, which will also be the home of the Bank’s new global headquarters. Situated in the Diplomatic District of the NewContinue Reading
Rokbak has partnered with Idromac as its official dealer in Italy and is ready to meet rising ADT demand across the country with proven, dependable articulated haulers and strong aftersales support. Scottish articulated hauler manufacturer Rokbak has announced Idromac as its official dealer for Italy. It marks a strategic partnership built forContinue Reading
