|By PR Newswire||
|April 23, 2014 06:06 AM EDT||
KINSHASA, Democratic Republic of the Congo, April 23, 2014 /PRNewswire/ --
- Creation of Joint Venture to identify and develop infrastructure projects in the DRC.
- Focus on power, rail and road projects to help accelerate the DRC's economic development.
- Expected to generate significant employment and drive economic growth through increasing power supply and enhancing road network.
Fleurette Group (Fleurette), one of the largest private investors in the Democratic Republic of Congo (DRC) and Andrade Gutierrez, one of the world's leading construction companies, today announce they have signed an agreement to form a Joint Venture (JV) to develop new infrastructure projects in the DRC.
While considerable progress has been made in the DRC to develop the economy after years of conflict, the country remains in need of significant investment in its infrastructure to further its economic development. The JV will target opportunities in the power, rail and road sectors, all of which will hugely benefit from new investment.
The need for infrastructure investment in the DRC
- Major power shortages force the DRC to import energy from outside the country while total installed capacity has remained level for 20 years, despite significant increases in demand, both industrial and commercial. In the Katanga region, the engine of the DRC's economic growth, power supply is c. 500MW (including imports from Zambia). Demand in the region is currently 650-750MW, and is expected to reach 1,000MW with the doubling in mining output planned in the next five years. With mining activities already constrained by power shortages and the expected increase in the needs of the general population, there is an urgent need for new power supply.
- The DRC's rail network is of primary importance for shipping mineral commodities out of the DRC to ports in east, west and southern Africa. Road infrastructure will soon be insufficient to transport the increased mining output (currently c. 400 trucks per day). An improved rail system will significantly reduce transportation costs for the resources sector and vastly increase general transport efficiency for the entire country, taking trucks off the road system.
- Finally, the DRC's road network has fallen into serious disrepair as a result of its extended period of conflict. Sealed roads comprise a mere 3,000 km of the country's total road network of over 30,000 km. It is estimated that just 42% of the country's roads are in a condition good enough to support freight transport. The World Bank estimates that repairs and maintenance on the DRC's existing road networks will require roughly US$400 million per year.
Fleurette Group and Andrade Gutierrez Infrastructure JV
A combination of Fleurette and Andrade Gutierrez is ideally suited to developing infrastructure in the DRC. Fleurette is one of the largest private investors in the DRC and has been investing in the country for 17 years. It is a proven, committed investor in the country with core expertise in executing projects in mining and related sectors. Fleurette also has proven track records of successful cooperation with key stakeholders and partners in the region.
Andrade Gutierrez is a leading global construction company with over 65 years' experience in developing engineering projects worldwide. Andrade Gutierrez has operating experience in 10 African countries. It provides expertise and support along the development and post construction life cycle, including operation and maintenance. Key projects successfully completed by Andrade Gutierrez include in the past 12 months the delivery of 200MW of thermal power plants, four airports and several roads projects in sub-Saharan Africa.
The JV by Fleurette and Andrade Gutierrez has appointed Renaissance Capital, a leading frontier markets investment bank, as financial advisor. The JV will evaluate different investment opportunities and projects in which the companies can work together to develop and then take the project forward to completion. Andrade Gutierrez will act as the lead developer in any chosen project. The JV is not seeking a partner to bring an existing project to fruition.
Dan Gertler, Senior Advisor to the Fleurette Group, said:
"The DRC has made real strides in the past few years in developing its economy and with additional investment in the country's infrastructure the DRC will be able to reach its full potential. These types of investments require commitment, knowledge and expertise and I am confident that, in working with a proven developer of infrastructure assets in emerging markets such as Andrade Gutierrez, we have found the right partner. The DRC needs power, rail and roads. These are projects that have the potential to fundamentally change the lives of the people in the DRC and we very much look forward to progressing the projects we are looking at to completion, together with DRC and the Katanga administration."
José Nicomedes, CEO for Africa/Europe/Asia, Andrade Gutierrez said:
"We have been building our presence in Africa for some time and now operate in 10 African countries. We are delighted to have found a partner in Fleurette with a proven track record of operating successfully in the DRC. It is very clear there is a real need for investment in infrastructure in the country and I believe by working with Fleurette, we can successfully bring these much needed projects to completion, creating significant employment and training opportunities for the people of the DRC and enabling major industries such as the resources sector to truly capitalise on the unique opportunity the DRC offers."
Moises Katumbi, Governor of Katanga Region, said:
"I strongly welcome this announcement as it is a major statement of intent from a proven investor in the DRC and a proven developer of major infrastructure assets in Africa. It is vital we invest in much-needed infrastructure not only in the Katanga region but across the DRC. This is the kind of investment we need - it will generate employment and drive economic growth in the country. I look forward to working with both Fleurette and Andrade Gutierrez in the future."
About Fleurette Group
The Fleurette Group is an entrepreneurial business with significant investment in diverse sectors, including natural resources, agriculture, and technology. Fleurette has a proven track record of co-operation with other businesses, including the state-run mining company Gecamines. Fleurette specializes in successful industrial projects in high-risk environments. It is an active, full-scale planner in each venture, providing everything from managerial expertise to engineering consulting to financial planning, and ensuring the on-time and on-budget completion of each project. In January 2014, Fleurette joined the EITI (Extractive Industries Transparency Initiative), a global initiative to improve governance in resource-rich countries through the verification and full publication of company payments and government revenues from the oil, gas and mining industries.
A Leading Employer, Investor and Taxpayer
As one of the largest private companies in the country, the Fleurette Group has invested over $1.5 billion dollars in the acquisition and development of mining and other assets in the DRC. Through its ongoing commitment to the country's economy, Fleurette has helped to bring billions in related investments into the DRC. By bringing billions of dollars in private investment to the country, the Fleurette Group's subsidiaries and partnerships support some 20,000 jobs in the DRC, making the company one of the nation's leading employers. Moreover, the Fleurette Group's partnerships and joint ventures are amongst the DRC's leading taxpayers, contributing significant revenues to the States in 2012. These tax payments help to support basic public services, such as schools, roads, and health clinics.
A Long-Term Commitment to the DRC
Dan Gertler, Senior Advisor to the Fleurette Group began investing in the DRC's diamond sector in 1997, at a time when few other international companies were willing to risk doing business in the war-torn nation. Over the past decade, the Fleurette Group has expanded from iron ore, copper and cobalt to agriculture, oil and gas. A citizen and resident of Israel and the DRC, Gertler is committed to developing the natural resources of the country, while investing in the Congolese people and their communities.
The Largest Charitable Organization in the DRC
Through the Gertler Family Foundation and its own infrastructure and social welfare projects, the Fleurette Group has contributed millions of dollars to the betterment of the DRC and its people. These charitable ventures focus on core areas that include health, education, infrastructure, emergency assistance, food security, and cultural development.
About Andrade Gutierrez Group
Andrade Gutierrez Group, with its diverse experience built over 65 years' experience in Brazil and abroad, is proud to actively participate in the economic and social development of the countries where it operates. It ranks among the largest groups in Brazil and as one of the leading infrastructure conglomerates in the World. The Group operates in diversified business areas, such as Engineering and Construction, Energy, Concessions, Telecommunications and Health.
The Group prioritizes environmental preservation and the safety and health of employees and communities, thus, promoting quality of life and complying with all social responsibility requirements.
AG stands out for its ability to manage large projects and offers complete solutions in the projects it implements. The Group acts as an integrator and entrepreneur. Andrade Gutierrez participated in the construction of projects accounting for more than 27,000 MW, about 30% of the installed capacity of hydroelectric plants in Brazil and 4,000 MW of thermoelectric power plants. Currently, the company leads the construction of the 11,233 MW Belo Monte hydroelectric Plant.
Today, more than a large construction company, Andrade Gutierrez is fully prepared for providing integrated solutions throughout the construction supply chain based on expertise, infrastructure, strategic planning, advanced patterns, cutting-edge technology, creativity, and a skilled team, obtaining excellent operating results and ensuring the projects' economic performance.
Fleurette Group - Maitland
Peter Ogden - [email protected]
Andy Donald - [email protected]
Pedro Neves, Managing Director, Structured Business for Africa, Europe and Asia
Anton Trifonov, Vice President, Communications & Public Affairs
SOURCE Fleurette Group
ScriptRock makes GuardRail, a DevOps-ready platform for configuration monitoring. Realizing we were spending way too much time digging up, cataloguing, and tracking machine configurations, we began writing our own scripts and tools to handle what is normally an enormous chore. Then we took the concept a step further, giving it a beautiful interface and making it simple enough for our bosses to understand. We named it GuardRail after its function - to allow businesses to move fast and stay sa...
Dec. 22, 2014 10:30 AM EST Reads: 1,025
SYS-CON Media announced today that Sematext launched a popular blog feed on DevOps Journal with over 6,000 story reads over the weekend. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting an...
Dec. 22, 2014 10:00 AM EST Reads: 985
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Dec. 22, 2014 09:00 AM EST Reads: 1,350
In high-production environments where release cycles are measured in hours or minutes — not days or weeks — there's little room for mistakes and no room for confusion. Everyone has to understand what's happening, in real time, and have the means to do whatever is necessary to keep applications up and running optimally. DevOps is a high-stakes world, but done well, it delivers the agility and performance to significantly impact business competitiveness.
Dec. 21, 2014 07:00 PM EST Reads: 1,000
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 21, 2014 06:00 PM EST Reads: 2,045
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
Dec. 21, 2014 02:00 PM EST Reads: 2,401
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 21, 2014 01:00 PM EST Reads: 2,017
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Dec. 21, 2014 11:30 AM EST Reads: 2,431
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
Dec. 21, 2014 11:00 AM EST Reads: 1,990
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Dec. 21, 2014 11:00 AM EST Reads: 2,017
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...
Dec. 21, 2014 10:00 AM EST Reads: 1,815
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...
Dec. 21, 2014 10:00 AM EST Reads: 2,068
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...
Dec. 21, 2014 10:00 AM EST Reads: 2,169
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
Dec. 21, 2014 08:30 AM EST Reads: 2,307
SYS-CON Events announced today that AIC, a leading provider of OEM/ODM server and storage solutions, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. AIC is a leading provider of both standard OTS, off-the-shelf, and OEM/ODM server and storage solutions. With expert in-house design capabilities, validation, manufacturing and production, AIC's broad selection of products are highly flexible and are conf...
Dec. 21, 2014 06:30 AM EST Reads: 2,011