Monday, May 25, 2020
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...
Orascom Construction Limited (NASDAQ Dubai: OC; EGX: ORAS) announces that its 50:50 joint venture with FCC Aqualia, a subsidiary of FCC, has signed an engineering, procurement and construction (EPC) contract to build Abu Rawash Wastewater Treatment Plant in Egypt...
The Group Chief Executive Officer, Dangote Cement Plc, Joe Makoju, has said the company has invested a sum of $3bn to build manufacturing plants and import/grinding terminals across Africa. The company’s operations are in Cameroon (1.5 metric tonnes per annum...
Dodoma Municipal Council in Tanzania is expected to issue a green light for the construction of a new mega bus terminal and a commercial tower complex that will improve transit connections and transform the municipality’s skyline. According to the Council,...
Dangote Cement Plc, Africa’s biggest producer of the building material, may carry out its long-planned listing of shares in London after Nigerian elections early next year, as it considers expansion through takeovers. “We are working on it and we’ll look at it...
Egypt is constructing a huge solar park that is expected to be the world’s largest upon completion. The Benban solar complex which will house 32 power plants, is located near the southern city of Aswan. All the plants are scheduled...
The African Development Bank disbursed more than €71 million for the construction of a 714 km high voltage power line. The infrastructure which will link N’Zérékoré (Guinea) and Sanankoroba (Mali), will enable the electrification of 201 villages and provide a...
The African Export-Import Bank (Afreximbank) expanded its shareholder-base, as it admitted JSC Russian Export Centre (REC), as the latest international financial organisation to join the institution. REC was admitted as a shareholder following its successful subscription to Class “C” shares...
A consortium led by Enel Green Power has been chosen as the preferred bidder to construct a 100MW solar photovoltaic (PV) plant in Metehara, Oromia, Ethiopia. The consortium, which also includes Ethiopian infrastructure firm Orchid Business Group, will invest around...
The Harare-Beitbridge road dualization project in Zimbabwe is at risk of being cancelled if contractors do not start work within the coming few weeks; amid indications that there are new senior government officials that are pushing for the collapse...
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