Sunday, January 20, 2019
The construction of terminal three at the Julius Nyerere International Airport (JNIA) is 68% complete. This is according to the Minister for Works, Transport and Communications, Prof Makame Mbarawa. The project’s good progress brings hope that the country will soon...
Kenya is planning to construct four new state-of-the-art stadiums in Nairobi County. This is in a move to address the shortage in recreational facilities for the youth in the county and also to encourage more sporting activities. The Four New...
NAIROBI, Jan 16 (Reuters) - Kenya has secured a $750 million syndicated loan for seven years from the Trade Development Bank (TDB) to pay off creditors in another two-year syndicated loan that was extended last year, two banking sources...
China's EximBank has approved $1.3 billion in financing for a 450 megawatt hydroelectric plant in Guinea that the West African country's government hopes will allow it to export electricity to neighbouring countries. State-owned EximBank first agreed to fund construction of...
The African Export-Import Bank (Afreximbank) expanded its shareholder-base, as it admitted JSC Russian Export Centre (REC), as the latest international financial organisation to join the institution. REC was admitted as a shareholder following its successful subscription to Class “C” shares...
The Environmental Social Impact Assessment (Esia) report for the East Africa Crude Oil Pipeline (Eacop) is in the final stages and is set to be completed by next month. This is according to Total East Africa B.V’s social and land manager Jean...
FinDev Canada, Canada’s development finance institution, has annoucned its first transaction, a $10m investment in M-KOPA, a ‘pay-as-you-go’ energy provider to off-grid homes in Kenya. M-KOPA has connected 600,000 homes across Africa, providing 75 million hours of kerosene-free lighting each...
Investment in infrastructure is vital for cities to function and prosper. But many local governments struggle to finance large infrastructure projects while a huge proportion of their residents live in poverty. Two pioneering cities - Hyderabad and Kampala -...
JOHANNESBURG – Finance Minister Tito Mboweni will deliver his medium-term Budget policy speech in Parliament today amid difficult economic circumstances. However, this is the right time to announce the establishment of a South African Sovereign Wealth Fund (SWF) with its...
Kenya's President Uhuru Kenyatta and his US counterpart Donald Trump have agreed to bolster tourism, trade relations and improve security, especially in the Horn of Africa. Speaking on Monday during a bilateral meeting at the White House, President Kenyatta said...
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