Wednesday, September 26, 2018
Governments remain the single largest developers of infrastructure projects - a common thread emanating from the 2017 edition of the Deloitte Africa Construction Trends Report. This is supported by the fact that governments own between 57% and 90% of...
Ethiopian officials, who have earmarked some 11.5 million hectares (28.5 million acres) of land for overseas firms to invest in agriculture, say Karuturi failed to make adequate progress on the land. Activists say neither side addresses the more critical issue...
Burkina Faso is now home to West Africa’s biggest solar farm, a 33-megawatt plant located in the town of Zatubi, outside the capital Ouagadougou. Built at a cost of $56.7 million, the 55-hectare (approximately 135-acre) farm is expected to power...
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...
CEO Byron Clatterbuck eyes a potential option joint venture as the West Africa Cable System runs out of capacity. Seacom may build another undersea telecommunications cable along the east or west coast of Africa, says the telecoms infrastructure group. The company,...
Investec Asset Management (Investec), through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS). Investec made an initial equity investment...
Investec Asset Management Private Equity (Investec) has divested its equity holding in Ashwah Holdings (Ashwah), parent company of Daraju Industries (Daraju), by selling its significant minority stake back to the company. Daraju is a leading Nigerian manufacturer of high-quality and...
At the annual AfricaCom conference today, pan-African ICT investor, Convergence Partners and 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners.  ESET Southern Africa is the local distributor and...
AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the first closing of its North African Fund (MPEF IV). The fund has received capital commitments of EUR137mn from prestigious finance institutions and expects the total to grow to more...
The Government of Rwanda and Metito have announced the financial close of the Kigali Bulk Water Supply Project. This project is the first competitively tendered Build Operate Transfer (BOT) Water Concession in Sub-Saharan Africa outside of South Africa. Construction is forecasted to last...

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