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Week commencing 26 June 2017
State-owned Rosatom State Atomic Energy Corporation has signed a $3bn memorandum of understanding with Uganda to develop the country’s uranium into nuclear power. The deal also aims to promote bilateral cooperation in a range of spheres, including the development of nuclear infrastructure, programmes for raising public awareness, radioisotopes and radiation technologies’ application in the industrial, medical, agricultural sectors.
Corporate Digest 22 June
A new waste-to-energy project will start generating power from Ethiopia’s biggest dump site in September. The Reppi project forms part of the country’s drive to develop its green energy capacity. The Ethiopian government has invested $100m in the project. The project, led by the China National Electric Engineering Corporation, will enable the burning of 1,280 tonnes of waste each day, which will be used to produce electricity.
Ethiopian News 19 June
Dubai-based engineering firm Dodsal Group has been awarded a $1,1bn project from Algeria’s state energy producer, Sonatrach, to build a gas-oil separation plant at the South HGA-Hassi Messaoud field. Dodsal will begin engineering, construction and procurement work on the plant shortly and complete the project in 2020. Once finished, the plant will produce about 66,000 barrels of oil per day.
The National 19 June
EuroMena has secured a minority stake in leading Moroccan retailer Retail Holding SA. The undisclosed proceeds of the investment will be used to fund the expansion of the group. Retail Holding is the franchisee for French retailer Carrefour, apparel retailer Kiabi, Virgin Megastore and fast food chain Burger King. The group recently started its expansion into Africa by taking control of Compagnie de Distribution de Côte d’Ivoire, the second-largest player in food distribution in Ivory Coast.
Agence France Press 21 June
The Niger state government has signed a memorandum of understanding with Italian firm Italworks Nigeria for the construction of housing units valued at $25m. The government will provide 91 hectares of residential land along the Minna-Abuja Expressway, while Italworks Nigeria will fund the project, which is part of government’s drive to deal with the country’s housing shortage.
Punch 22 June