Wednesday, January 16, 2019
The Democratic Republic of Congo (DRC) has signed a deal with the Chinese and Spanish partners for the construction of the US $14bn Inga 3 hydroelectric dam project. The consortium which is led by China Three Gorges, alongside a European consortium, led by Actividades de...
The Maputo–Katembe Bridge in Mozambique, Africa’s longest suspension bridge that cost whopping US $750m has officially been opened to traffic. Financed by China and built by China Road and Bridge Corporation, the project began in June 2014. The entire structure is nearly 3km long,...
The government of Zambia is set to receive US $40m fund from the African Development Fund (ADF) for the Integrated Small Town Water Supply and Sanitation Project (ISTWSSP) in Luapula Province. Keneth Chense, LpWSC’s Execurtive Director confirmed the reports and said the project...
The government of Zimbabwe seeks more than US $5bn to revamp the country’s road network. This is from reports made by the African Development Bank (AfDB) and the World Bank studies according to the country’s economic turn-around strategy – the Transitional Stabilization Programme (TSP). Dr....
The government of Zambia is set to enhance electricity supply in the Eastern province through setting up a wind energy plant in Katete district. Katetet District Council Chairperson, Jeremiah Mawere confirmed the reports and said that implementation of the project, will create...
The Arab Republic of Egypt is looking forward to use its vast, newly tapped undersea gas reserves to establish itself as a key energy exporter and revive its flagging economy. In recent months the country’s capital, Cairo has signed gas...
South Africa and Ghana signed the biggest single deal of the day at the Africa Investment Forum. The deal — worth $2.6-billion — is expected to improve Accra’s public transport system through an elevated light railway system which would provide...
The Ministry of Mines and Energy has signed a power generation concession agreement with a Pan-African industrial group, Eranove, for the development of Kékéli Efficient Power station. The contract covers the design, financing, construction, commissioning, operation and maintenance of the power plant. The...
Quoting Nelson Mandela and Charles Dickens, new Finance Minister Tito Mboweni’s climbed into the driving seat of South African economic policy, with aplomb, with his maiden mini-budget speech. His mere avuncular presence could revive comforting memories of better times...
Kenya has officially launched its second largest wind firm, the Kipeto Wind Power project by Overseas Private Investment Corporation (OPIC) – the US government’s development finance institution and Actis. The African Trade Insurance Agency (ATI), the Pan-African trade and investment insurer, said it has...
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