Friday, August 17, 2018
The Moatize-Macuse Railway Logistics Corridor, which is the largest infrastructure project in Mozambique, has reached its final stage, with the launch scheduled for 2019 and completion in 2022. This is according to the new newsletter, China-Lusophone Brief (CLBrief). The 639 km railway...
The federal government has announced that it has completed arrangements to concession six hydro power dams to private operators, who are in turn expected to build, operate and transfer them. Speaking at the 29th Power Sector Stakeholders’ meeting in Minna,...
South African President Cyril Ramaphosa has proposed setting up a sovereign wealth fund to help boost economic growth, and his ruling African National Congress (ANC) backs the plan, two senior party officials said on Tuesday. Ramaphosa, who replaced scandal-plagued Jacob...
Algerian state energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday. "I am happy to say...
Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43,000, returned to his family 900 miles away...
The World Bank has agreed to offer the Government of Liberia an initial US $500m for road projects across the country. This is according to Information Minister, Lenn Eugene Nagbe. The Information Minister, Mr Nagbe said the government is considering the offer in a...
A group of Mozambique bondholders proposed the government pay them portions of future natural gas revenue as part of a restructuring of the nation’s Eurobonds, according to two people familiar with the discussions. The so-called Global Group of Mozambique’s Bondholders...
The Government of Gabon through its financial institution, Caisse des Dépôts et Consignations (CDC) has signed an agreement with ENGIE to construct eight hybrid solar power plants with a combined capacity of 2.2 MW in the country. Construction of the...
The International Finance Corporation (IFC) has partnered with Gaia Energy which is a Moroccan company to establish a joint platform for the development of wind power and renewable energy projects in Africa. Confirming the news was Moundir Zniber, founder and...
The Federal Government of Nigeria has assured that work on the Apapa corridor of the Lagos-Ibadan Rail project will commence this August. Lagos State Governor Akinwunmi Ambode confirmed the statement and commended the Government’s action expressing optimism that the development...

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