Saturday, April 20, 2019
The government of Zambia has a reached a financial deal of US $47m with Bluebird Finance & Projects to support the construction of a multimillion agricultural centre in the north of the country. Ram Shalita, CEO of Bluebird confirmed the reports and said the...
With the US and China slapping tariffs on each other and agreements like NAFTA being revised, free trade isn’t likely to emerge unscathed. Africa, however, is bucking the trend with its African Continental Free Trade Area (AfCFTA). Last month, forty-four African heads...
The Ethiopian Shipping and Logistics Service Enterprise has revealed plans to construct four dry ports in the coming two years. The ports are expected to create market chains with the expanding industrial parks and railway lines. In addition to the Dire Dawa...
Zimbabwe and Zambia have agreed on principles for the US $5bn Batoka Gorge Hydro Electricity project secured by Harare, paving way for a technical meeting this week between experts from two the countries. Zimbabwe recently received an expression of interest...
The economic environment for private equity investments in Africa is much rosier than a few years ago when the global economy was in a downturn.  According to Romain Py, Investment Director and Head of Transactions at African Infrastructure Investment Managers...
Dodoma Municipal Council in Tanzania is expected to issue a green light for the construction of a new mega bus terminal and a commercial tower complex that will improve transit connections and transform the municipality’s skyline. According to the Council,...
Kenya hopes to construct its first nuclear power plant by 2027, Nuclear Energy Board Chief Executive Collins Juma has said. A special unit will be formed to source for funds for the project that is estimated to cost US...
Construction works of phase 2 Oxford Parks Project in South Africa is set for completion in September 2020. This is according to construction company in charge Concor Buildings. The project which is situated at the 199 Oxford Road have two...
In January, Turkish President Recep Tayyip Erdogan was in Dar es Salaam on a state visit. A month later, Turkish firm Yapi Merkezi, through a joint venture with Portuguese company Mota Engil, won the first contract under the Tanzanian railway...
Zimbabwe has signed a US $1bn deal with Sinosteel Corp in a development that will see the Chinese firm building a 400MW coal bed methane-fired power plant in Matabeleland North Province and setting up new ferrochrome smelters at Zimasco. During the signing...
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