Saturday, November 17, 2018
Malawi is set to receive US $102m fund for the Lilongwe Water and Sanitation project (LWSP) following an approval from the World Bank to fund the project. LWSP co-task team leader, Mr. Odete Maximpua confirmed the reports and said the fund...
South Africa’s power utility Eskom Holdings, is set to expand its transmission network after the African Development Bank (AfDB) approved a US $218m loan to help fund the upgrade and expansion of its transmission facilities. The funding will consist of...
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...
The Kenya Power Pension Fund (KPPF) has been named the best fund in Africa. This is after it emerged the winner of the category in the recently-held Africa Investor (Ai) Capital Market & Index Series Awards in New York, USA. The...
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...
Construction of the 52Km Koka-Adulala-Bishoftu asphalt concrete road in Ethiopia is complete. Aser Construction Plc, Ethiopia based construction company executed the road construction project at a cost of US $26.1m while Net Consult Consulting Engineers & Architects Plc designed the road. The completed road...
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...
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 World Bank has approved $125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of developing the country’s world-class solar and wind energy resources. The additional financing, which includes $25 million...
Considering the strong growth in mobile subscription and mobile broadband across West African countries, Nigeria inclusive, a new GSMA study, which was released at the recently concluded Mobile 360 African Forum in Abidjan, Côte d’Ivoire, has predicted that the mobile industry in...
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