Tuesday, July 16, 2019
The World Bank has approved of $2.1bn loan for seven projects to be executed in Nigeria. The loan was announced in a statement issued by World Bank Country Director for Nigeria, Rachid Benmessaoud in Abuja on Thursday. According to the statement,...
The Federal Government of Nigeria is currently seeking a loan of about US $40bn to US $46bn to complete some ongoing rail projects and embark on new ones. This is according to Transportation Minister Rotimi Amaechi. “I think the rail sector is doing...
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...
Kenya needs at least US $79.4m to repair roads that have been damaged by the ongoing heavy rains and floods.According to Transport Cabinet Secretary James Macharia, funds are required for immediate repairs of the roads across the country. “Now that...
The government of Madagascar is set to construct three photovoltaic solar power plants, following a partnership agreement signed between them and Tryba Energy, a French company over the project. Vonjy Adriamanga, Madagascar’s Minister of Energy,...
As East Africa’s oil producers race to meet their production targets, funding and infrastructural development hurdles threaten to delay the projects. Uganda, for instance, has been forced to rethink its early oil production date of 2020, after it became evident...
The offshore allocation limits for institutional investors like pension funds were recently increased from 25% to 30% and the special allocation to African investments (outside South Africa) from 5% to 10%. This means that investors may now allocate up to...
Ghana has kicked off construction of the biggest bitumen plant in West Africa. Chief Operating Officer of Goil, Alex Josiah Adzew announced the reports and said that the contract has already been awarded has begun the establishment...
Morocco is planning to invest a whopping US $40bn in the energy sector which includes a liquefied natural gas project by 2030. Confirming the reports was Minister of Energy, Mines, and Sustainable Development, Aziz Rebbah who said that US $30bn will...
Botswana continues to rank amongst Africa's most preferred investment destinations, with a new authoritative survey placing the country fourth out of 54 states on the continent in terms of investment attractiveness. However, the ranking is a drop from the position...
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