Saturday, September 22, 2018
The New Development Bank plans to lend as much as $600 million more in South Africa this year in an effort to spread funding more evenly across its five member states. The lender, backed by Brazil, Russia, India, China and South Africa,...
The Board of Directors of the African Development Bank on Wednesday, 18 July  2018, approved an unfunded US$ 250-million Risk Participation Agreement with ABSA Bank Limited. This Risk Participation Agreement housed within African Development Bank’s Trade Finance operations will enhance...
Cameroon is set to receive US $794.5m for the construction of 420 MW Nachtigal hydroelectric project after the World Bank approved of the investment package. According to World Bank country director for Cameroon, Elisabeth Huybens the investment in the clean energy...
When Ivory Coast put out a tender to build a bridge over the lagoon in its commercial hub of Abidjan, 10 out of the 18 companies that expressed interest were either Chinese firms or in partnership with them. China...
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...
On Thursday, the World Bank revealed that in fiscal year 2018, 32.1% of its financing had climate co-benefits – already exceeding the target set in 2015 that 28% of its lending volume would be climate-related by 2020. “We have not...
The Central Energy Fund of South Africa and ACWA Power have entered into a cooperation agreement to co-invest in renewable energy projects the first of which will be the 100MW Redstone concentrated solar thermal power (CSP) plant in the...
The Zimbabwe National Water Authority (Zinwa) is set to introduce prepaid water system for all local authorities by September this year and institute stop order payment arrangements for other bulk water consumers in order to rein in problem debtors. According...
Plans are underway to build South Africa’s first solar-powered desalination plant at Witsand in the Hessaqua municipality.This will be an addition to at least four desalination plants operating in the Western Cape. French ecology minister Nicolas Hulot  who attended the...
Construction works of Bamburi Cement at its Nairobi Grinding Plant is now complete with the commissioning of the US $40m plant planned for the last quarter of this year. This initiative will see cement production for the company with the new line...

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