Monday, January 21, 2019
The African Export-Import Bank has raised around $260m via three sharia-compliant facilities to support the Small and Medium-scale Enterprises in the region, as African markets gradually open to Islamic finance. The Cairo-based Afreximbank, which was founded by African governments and...
BEIJING (AP) — China’s plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan. Pakistan’s relations with Beijing are so close that officials call China their “Iron...
The Harare-Beitbridge road dualization project in Zimbabwe is at risk of being cancelled if contractors do not start work within the coming few weeks; amid indications that there are new senior government officials that are pushing for the collapse...
The Federal Government of Nigeria needs US $40bn to finance the ongoing Lagos-Ibadan railway project. This is according to the Minister of Transportation, Rotimi Amaechi. Meanwhile, the government is negotiating with contractors handling the project to raise funds for the project, stressing that...
NamWater has started to repair the two pumping lines that convey water from the Calueque Dam into the canal which feeds northern Namibia. The two pumping lines at the Calueque Dam started leaking in December 2017, just before the...
Investment in infrastructure is vital for cities to function and prosper. But many local governments struggle to finance large infrastructure projects while a huge proportion of their residents live in poverty. Two pioneering cities - Hyderabad and Kampala -...
The Federal Government, in partnership with the African Development Bank (AfDB), two years ago launched the Agricultural Transformation Agenda Support Programme Phase One (ATASP-1) with commodity value chain development alongside infrastructure development as some of its key components in...
The Danish power plant specialist Burmeister & Wain Scandinavian Contractor (BWSC), in consortium with MAN Diesel and Turbo (MDT), has been awarded US$150.26mn contract to build a 120MW gas-fired power plant in Benin The project entails construction of a whole...
CAIRO - 3 January 2018: Egypt's international reserves hit an unprecedented level in December as it recorded $37.019 billion, according to the Central Bank of Egypt's (CBE) announcement on Wednesday. The record came as a result of improving sources of...
The Board of Directors of the African Development Bank Group (AfDB) has approved the Bank’s third sovereign lending instrument called the Results-Based Financing (RBF) Policy. In statement, the lender said the RBF will be its third financing instrument to complement...
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