Saturday, November 17, 2018
Foreign investors piled into South African government bonds ahead of a scheduled review of the country’s debt ratings by Moody’s Investors Service on Friday. Non residents were net buyers of 4.3 billion rand ($269 million) of debt on Thursday,...
GE Power has announced that it has won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM, its joint venture with Atomenergomash. The solutions provider will supply the basic design of four...
Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year...
Kenya is set to commence construction of a second bridge Nyali crossing in Mombasa. This is after the Kenya Urban Roads Authority (KURA) identified three firms to partner with under Public-Private Partnership (PPP). Kura communication officer John Cheboi confirmed the reports and said the...
The government of Uganda is seeking a whooping US $4.5bn to invest in electricity transmission and distribution network over the next ten years in bid  to improve reliability of power supply in the country. According to a report from the...
The Egyptian government is set to invest US $83m in water and sanitation projects in bid to reduce water deficit facing the country. This comes after The Ministry of Irrigation and Water Resources signed an agreement with European Union (EU) to provide for cooperation...
South African President Cyril Ramaphosa appointed former central bank Governor Tito Mboweni as his finance minister on Tuesday, replacing Nhlanhla Nene, who lied about his meetings with three businessmen accused of plundering state funds. Mboweni, the nation’s fifth finance chief...
President Donald Trump is expected within days to approve an initiative to overhaul US investment strategy in Africa. Kenya is likely to benefit from the plan designed by key figures in the US Congress in response to China's enhanced economic...
While the nation has been transfixed by the confirmation hearings of Judge Brett Kavanaugh for a seat on the Supreme Court, Congress passed significant legislation on Africa that has attracted virtually no attention. On October 3, the Senate passed the...
It is without doubt that China is an emerging superpower, a position currently occupied by the United States of America. China’s rising power, politically and economically is evident in all aspects of the global economy. China’s rising global stature has...
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