Saturday, November 17, 2018
Africa Finance Corporation (AFC) has signed a US$200mn three-year term loan facility, to be used for general corporate purposes, including facilitating trade. Mandated lead arrangers and bookrunners on the facility were First Abu Dhabi Bank, Industrial and Commercial Bank of...
The African Development Bank disbursed more than €71 million for the construction of a 714 km high voltage power line. The infrastructure which will link N’Zérékoré (Guinea) and Sanankoroba (Mali), will enable the electrification of 201 villages and provide a...
The African Development Bank (AfDB) will disburse €66 million (more than $77 million) for the construction of a bridge linking Cameroon and Chad. This was announced by AfDB on Monday, December 11, 2017. The 620m bridge which will link Yagoua (Cameroon) and...
The Board of the African Development Bank has approved a US$153 million loan for Namibia to upgrade a 210 km stretch of railway in the west of the country. The support will also finance the upgrade of a section of...
The African Development Bank (AfDB) announced on Thursday 14 December it has approved another N$2 billion loan facility for Namibia to upgrade the railway line between Kranzberg and Walvis Bay, and to turn the Windhoek to Hosea Kutako International...
Africa’s telecoms market is in a state of flux, and some operators are seeing huge potential. Orange, for example, is to build a $50 million headquarters in Ivory Coast, and has launched in Sierra Leone. Yet others are pulling back....
Zimbabwe’s Ministry of Environment, Water and Climate is leading a US $4.5m borehole drilling project under the Command Water Harvesting Program. The program will see four boreholes drilled in each constituency. The Minister of Environment, Water and Climate Oppah Muchinguri-Kashiri...
Zimbabwean President Emmerson Mnangagwa is set to commission Kariba South power expansion project’s first unit on 24th December, 2017. The unit will feed 150MW onto the national grid. The project has been undertaken by Chinese state-owned hydro-power engineering and construction...
Africa Finance Corporation (AFC) and Harith General Partners (Harith), acting on behalf of its portfolio company Aldwych Holdings Limited, are pleased to announce final close of the merger of their respective electricity generation assets into a new operating company,...
The World has announced that it will no longer finance upstream oil and gas after 2019. This was contained in a statement released to announce some new measures taken in line with ongoing support for developing countries the effective implementation...
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