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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY
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AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

AfriSam warns of margin squeeze for concrete product manufacturers as cost pressures intensify

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Concrete product manufacturers (CPMs) in South Africa are facing a tightening margin squeeze, with rising input and transport costs set to place further pressure on already constrained operations. According to construction materials supplier AfriSam, this environment is forcing manufacturers to re-evaluate how they manage production efficiency, quality control and risk.

Adnoc Distribution to acquire Shell Downstream South Africa in $1bn deal

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Multinational fuel and convenience retailer Abu Dhabi National Oil Co (Adnoc Distribution) intends to acquire 100% of the share capital of integrated energy and petrochemical company Shell Downstream South Africa for $1-billion. This marks a significant step towards Adnoc Distribution’s drive to become a global mobility and convenience retailer, while advancing its fuel retail footprint in Africa.

Hulamin appoints interim chairperson

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JSE-listed aluminium products company Hulamin has appointed Linda Yanta as interim chairperson, with effect from July 6. This follows the board's decision that Paul Baloyi cease to hold office as chairperson. He will, however, continue to serve as an independent nonexecutive director, the company says.

Africa attracted investment in 2025; the challenge is turning it into broader industrial ...

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Foreign direct investment (FDI) inflows to Africa reached about $70-billion in 2025, which was below the exceptional $94-billion recorded in 2024, but was the third-highest number since 1990 and remained one-third above the long-term average. However, the bigger story is that investors continue to position themselves in sectors that are becoming increasingly important to the global economy, UN Trade and Development (Unctad) highlights in its 'World Investment Report 2026'.

Africa's blockchain venture capital almost halved in 2025, while share of global deals rises

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Global blockchain venture capital rose by 28.8% in 2025 to $15.4-billion, while deal activity fell by almost a third, which indicates that investors were writing larger cheques, but doing so more selectively. Africa, meanwhile, recorded a 26.6% decrease in funding, but deal activity dropped by only two transactions year-on-year, the latest 'Africa Blockchain Report', published by Swiss venture capital firm CV VC and sponsored by financial services firm Absa, shows.
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