Tuesday, September 25, 2018
Malawi and Japan recently signed a grant aid agreement of US $3.4m for the improvement of water supply and revenue generation in Lilongwe through reduction of water loss. The grant aid will finance a project for the improvement of...
WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today launched its Connect Africa initiative which will mobilize more than $1 billion to projects that support transportation, communications, and value chains in Africa over the next...
BEIJING, Dec. 24 (Xinhua) -- Over the past 10 years, a Chinese development fund has invested billions of dollars in Africa. Chi Jianxin, chairman of the China-Africa Development Fund, told Xinhua in an interview that the fund has 4.5 billion...
Kenya has signed a US $147m credit facility agreement with France to finance the Mwache Dam project with the aim of improving drinking water and sanitation systems in Mombasa. According to the Treasury Cabinet Secretary Henry Rotich, the facility, extended by Agence...
As East Africa’s oil producers race to meet their production targets, funding and infrastructural development hurdles threaten to delay the projects. Uganda, for instance, has been forced to rethink its early oil production date of 2020, after it became evident...
The Kenyan government has secured a whopping US$ 220m for water and sewerage projects in Mombasa and Kisumu. The funding is a deal in concessional loans and a grant with three European agencies. Treasury secretary Henry Rotich recently confirmed the...
Zimbabwe’s Batoka Hydropower project will receive support from the American multinational conglomerate General Electric (GE). The company’s top executives recently appeared before parliament’s committee on mines and energy and have expressed their willingness to invest in aviation, locomotives, power...
Global agency Moody’s has downgraded credit ratings of Guaranty Trust Bank Plc and United Bank for Africa Plc, which own subsidiaries in Kenya and other African countries upon downgrade of Nigeria. The firms operate as GTBank and UBA in Kenya. Moody’s...
LUANDA, Jan 11 (Reuters) – Moody’s assumes the Angolan government does not intend to default on its debt after ambiguous wording in official statements, the ratings agency said in a research report. Angola this month unveiled plans to restructure its...
The multi-asset Africa-focused energy and resource company, Kibo Mining has signed a Joint Venture Agreement (the Benga Power JV) with Mozambique energy company Termoeléctrica de Benga S.A. (Termoeléctrica) to construct and operate a 150-300MW coal-fired power station. The JV will...

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