Monday, May 27, 2019
The country’s shady internal politics and complex regulatory framework meant that only the hardiest investors braved Africa’s largest market. As in the Great American West, prospectors would set out with gold in their eyes; seeing risk as opportunity if...
Construction works of the Laminkoto-Passamace road, in Gambia has enterered its final stages as as 95% of works is being completed. Amie Bojang-Sissoho, the Director of Press and Public Relation officer at the Office of the President, revealed the...
In response to low electrification rates in some remote areas across Africa, the African Development Bank (AfDB) has approved a proposal to help Zola EDF Côte d'Ivoire (ZECI), to mobilise a loan in local currency to the tune of...
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...
Kenya’s independent power producer (IPP) Sosian Energy has signed a deal worth US $65m with Chinese company Kaishan Renewable Energy Development, a subsidiary of Zhejiang Kaishan Compressor, build the Menengai III geothermal power plant in the Rift Valley in western Kenya. The project...
Tanzania led by the Livestock and Fisheries minister Mr. Luhaga Mpina, laid a foundation stone for the construction of a US $5.5m meat processing plant dubbed Tan choice, on its Coastal region of Soga. Upon completion the factory is expected...
Japanese multinational conglomerate Toshiba and Malawi’s Ministry of Natural Resources, Energy and Mining (MNREM) have concluded a memorandum of understanding (MoU) for the development of geothermal power. The MoU anticipates a comprehensive partnership in geothermal power projects including capacity building...
In bids to expand Nigeria's electricity grid to 20,000MW over the next four years, the World Bank, African Development Bank (AfDB), Japan International Cooperation Agency (JICA) and the French Development Agency have raised $1.57 billion for the Transmission Company...
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...
Barclays Africa Group Ltd. may halve the number of top jobs at its South African retail and business bank as it reorganizes after its British parent cut its stake, according to a person familiar with the matter. The Johannesburg-based lender started...
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