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Week commencing 19 June 2017
African Infrastructure Investment Managers has acquired a 44% stake in Albatros Energy Mali. Albatros will build, own, operate and transfer a 90-megawatt thermal power station in Kayes, western Mali, which will be the nation’s first independent power project to feed into the national grid. The new thermal project will provide a sustainable energy source allowing increased access to electricity for Mali’s citizens and enabling industry growth.
AIIM Africa 13 June
RATP Dev, the world’s fifth-largest operator of urban transport, has been selected as the preferred bidder for the contract for the operation and maintenance of the Casablanca tramway for the 2017-2029 term. Casa Transport will hold exclusive discussions with RATP Dev at the end of the month to finalise the details.
Morocco World News 12 June
WorldRemit has added Android Pay to its services, offering a new wallet for the firm’s Android Pay users to send money internationally and millions using mobile money accounts. The move will see WorldRemit bringing together leading players in mobile payments and enable users to send money to over 112-million mobile money accounts accessible via its network.
Somaliland Press 13 June
Orange is creating a new Africa section in its flagship programme for investment in start-ups, Orange Digital Ventures. As part of the initiative it is committing €50m corresponding. Orange Digital Ventures Africa is the group’s investment vehicle for early-stage innovation projects in Africa in areas such as new connectivity, fintech, the Internet of Things, energy and e-health. This support will concern all innovative start-ups.
Corporate Digest 13 June
Engie and eleQtra, a developer of power and transportation projects in sub-Saharan Africa, have signed an agreement that defines the terms and the schedule for the development and construction of the 50MW Ada wind power project in Accra. The project is expected to require an estimated $120m and start operations in 2019. ENGIE will enter as a 40% partner in the project. The project will contribute to the Ghanaian government’s objective of generating 10% of its electricity from renewable resources.
Eleqtra 14 June