Sunday, February 17, 2019
The 99 kilometre road to Mbale currently under construction in Eastern Uganda is already 30% complete 7 months into the 25 month contract. The road which stretches from Tirinyi through Nakalama and ends in Mbale a total distance of...
A new report by multinational professional services network PricewaterhouseCoopers (PwC) has identified how Africa’s ports and shipping sector could unlock the full potential of its economic growth. The report, ‘Strengthening Africa’s gateways to trade’, which PwC developed in response to the...
The African Development Bank (AfDB) announced on Thursday 14 December it has approved another N$2 billion loan facility for Namibia to upgrade the railway line between Kranzberg and Walvis Bay, and to turn the Windhoek to Hosea Kutako International...
The European Union (EU) and Germany has announced a financial package worth US $40m to fund further developments in Nigeria’s power sector, the package is part of the rollover of the Nigerian Energy Support Programme( NESP), which is managed...
Construction of the 52Km Koka-Adulala-Bishoftu asphalt concrete road in Ethiopia is complete. Aser Construction Plc, Ethiopia based construction company executed the road construction project at a cost of US $26.1m while Net Consult Consulting Engineers & Architects Plc designed the road. The completed road...
WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today launched its Connect Africa initiative which will mobilize more than $1 billion to projects that support transportation, communications, and value chains in Africa over the next...
The Nigerian government is planning to generate 3,000MW of electricity by the year 2020. The plan includes 10, 000 mini-grids which will energize under served off-grid communities across the country. The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi...
The Government of Tanzania has set aside US $13.4m for the construction of the modern Sumbawanga Airport in Rukwa Region, and is set to kick off with immediate effect. Regional Tanroads Engineer, Eng. Masuka Mkina confirmed the reports and said that affected...
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...
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...
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