Sunday, November 18, 2018
The Government of Rwanda is set to receive US $266m from the African Development Bank(AfDB) to support the country’s program to improve electricity supply and transform into an export-oriented economy. AfDB Vice President for Power, Energy, Climate Change and Green Growth, Amadou Hott, confirmed...
Shuttered stores, thinning crowds, empty parking lots, and retailers filing for bankruptcy. These are tough times for shopping malls and the major retailers who serve as their anchors. Product oversupply and the rise of e-commerce are squeezing margins, and...
The African Development Bank (AfDB) has set a target to raise US$8bn (approximately Sh826bn) in 2018 through its annual borrowing programme. The bank will tap into capital markets and mobilise resources with the outcome of lending money to member countries...
The Federal Government of Nigeria needs US $40bn to finance the ongoing Lagos-Ibadan railway project. This is according to the Minister of Transportation, Rotimi Amaechi. Meanwhile, the government is negotiating with contractors handling the project to raise funds for the project, stressing that...
The deals market in Africa will be slower this year than in 2017, but the region’s financial services sector is on the rise and looking to invest in technology, according to a new report. Mergers and acquisitions (M&A) across financial...
ENGIE Africa expands its footprint in West Africa by acquiring two companies, namely Afric Power and Tieri, specialising in energy services in the region. The energy solutions provider noted that the companies based in Côte d’Ivoire, Burkina Faso, Mali...
The Kenyan government has secured a whopping US$ 220m for water and sewerage projects in Mombasa and Kisumu. The funding is a deal in concessional loans and a grant with three European agencies. Treasury secretary Henry Rotich recently confirmed the...
ECOWAS on Wednesday said that it has concluded plans for sub-regional development projects worth 29.66 billion dollars for the period of 2018 to 2022. President of the Commission, Marcel Alain de Souza said this this while presenting the Status Report...
Ireland can leverage its experience in construction services and project financing to facilitate the Belt and Road Initiative and Guangdong-Hong Kong-Macao Greater Bay Area infrastructure construction projects, the minister of state at the Department of Finance in Ireland, Michael...
The African Export-Import Bank has raised around $260m via three sharia-compliant facilities to support the Small and Medium-scale Enterprises in the region, as African markets gradually open to Islamic finance. The Cairo-based Afreximbank, which was founded by African governments and...
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