Thursday, April 18, 2019
2017 was a moderately busy year for M&A activity in the Sub-Saharan Africa region (SSA), with deal data pointing to a slowdown in M&A, both in terms of the number and monetary value of deals. Recent data shows that the...
The Nigerian Sovereign Investment Authority (NSIA) recently released its 2017 financial report. One of the takeaways from that report is that net profit took a turn for the worse falling from N149 billion to N27 billion representing a decrease...
Kenya’s President Uhuru Kenyatta signed a US $232m deal with two US companies; the US Overseas Private Investment Corporation (OPIC) and Kipeto Wind Energy Company that will see the construction of and operation of 100MW grid connected wind power plant. According...
Tanzania has licensed a subsidiary of Australia’s Windlab Ltd to build 300MW Miombo Hewani wind farm, the first wind farm in the country at a cost of US $300 m. Windlab Developments Tanzania Ltd, who obtained an environmental and social...
Tema LNG Terminal Company has signed an agreement with the China Harbour Engineering Company (CHEC) for the construction of a $350 million liquefied natural gas (LNG) terminal in Tema. The LNG Terminal is being constructed on the back of a 12-year...
The Democratic Republic of Congo plans to start work this year on the frequently delayed Inga 3 hydropower project, after receiving a joint bid from two previously competing consortia of investors. One group led by China Three Gorges Corp. and another including Actividades...
Kenya is set to embark on a US $69.4m drinking water project in Garsen and Lamu towns of Tana River and Lamu County respectively. This comes days after Eugene Wamalwa, the Cabinet Secretary at the Ministry of Devolution and ASAL...
Nigeria has signed a US $10m deal with United Kingdom-based Iconic City Limited for the  development of a 3.8ha land in Alakia, Ibadan, the Oyo State capital, into a residential housing estate.Group Managing Director and Chief Executive Officer, of Odu’a Investment Company...
Nigeria’s President Muhammadu Buhari has commissioned a new terminal at the Nnamdi Azikiwe International Airport in Abuja, which has a capacity to process 15 million passengers every year and covers a space of approximately 56,000 square metres. According to the...
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...
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