Uganda to ask Turkish firm to secure rail deal financing

Uganda will ask Turkish company Yapi Merkezi to secure funding for a $2.2 billion rail link to the Kenyan port of Mombasa and is considering export credit firms as possible sources, a senior main informed Reuters. The Turkish construction business had previously...

Transnet plans bond sale under $6bn note programme

Transnet, which operates South Africa’s ports and freight rail networks, is planning to offer a dollar-denominated bond under a $6-billion note program, people knowledgeable about the scenario stated. The bond will be of five-year period and investor conferences...

New drives added to extensive portfolio

Advanced engineering manufacturer Danfoss has successfully added its IC2 and IC7 drives, released in the final quarter of last year, to its existing VLT and VACON range of drives. The drives will be manufactured in China, Finland, Denmark and the US, depending on the...