Tuesday, September 25, 2018
The African Development Bank (AfDB) will disburse €66 million (more than $77 million) for the construction of a bridge linking Cameroon and Chad. This was announced by AfDB on Monday, December 11, 2017. The 620m bridge which will link Yagoua (Cameroon) and...
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...
Egypt is set to implement a 4MW solar power project in Uganda that is geared at improving the country’s renewable energy performance. Access to modern energy services through renewable energy development is a major concern for the energy sector...
Considering the strong growth in mobile subscription and mobile broadband across West African countries, Nigeria inclusive, a new GSMA study, which was released at the recently concluded Mobile 360 African Forum in Abidjan, Côte d’Ivoire, has predicted that the mobile industry in...
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...
Eritrea is considering building a port on its Red Sea coastline to export potash from deposits being developed in the Horn of Africa nation, a mines ministry official said. Plans for the harbor signal the country’s reemergence as a potential...
Despite low levels of water in the Zambezi River, the Cahora Bassa dam, in Mozambique's western province of Tete, generated more electricity than planned in the first quarter of this year. According to a release from Hidroelectrica de Cahora Bassa...
The institution’s Office of Integrity and Anti-Corruption found the company to have engaged in numerous misrepresentations of its past experience in bidding for Bank-financed contracts Abidjan, Côte d’Ivoire, May 7, 2018 – The African Development Bank Group (AfDB) on May 7,...
KIGALI, Rwanda – The Government of Rwanda and Metito have reached financial close of the first competitively tendered Build Operate Transfer (BOT) Water Concession in Sub-Saharan Africa. The finalisation of this Public Private Partnership (PPP) agreement will kickstart the highly-anticipated...
LONDON, June 21, 2018 /PRNewswire/ -- Zimbabwe, Egypt and Ghana demonstrate the most positive changes for business, followed closely by Nigeria and Mozambique Zimbabwe, Egypt and Ghana are the leaders when comparing their September 2017 risk-reward score with the score from June 2018, according to the Africa Risk-Reward Index from Control Risks and Oxford Economics. Followed closely by Nigeria and Mozambique, these...

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