Monday, April 22, 2019
A US$ 62m transport university is set to be constructed in Tanzania by the Chinese government; the mega institution will help cater for all the transport needs in the country. A statement that was released after President John Magufuli met...
The Ethiopian Electric Power (EEP) is planning to restart operations of Reppie Waste-to-Energy power plant in three months after long disputes with contractors that led to delays in generating electric power. The disputes which was between EEP and two contractors,...
Constructions works on Africa’s biggest Aids drug factory in Kenya has commenced and is being developed under a partnership between the government and the Global Fund and local drug manufacturers at cost of US $100m. County’s Medical Director Jackson Kioko...
The African Development Bank (AfDB) has approved a $50 million line of credit to Nigeria’s Sterling Bank Plc to support micro, small and medium-sized enterprises (MSMEs) in strategic sectors such as renewable energy, agriculture and social sectors including health...
South Africa’s minister of Public Enterprises, Lynne Brown, has given state-owned utility Eskom the go ahead to resume the signing of outstanding Power Purchase Agreements (PPAs) with renewable independent power producers (IPPs). The PPAs have been kept on ice since...
JOHANNESBURG, Feb 5 (Reuters) - South Africa’s Public Investment Corporation (PIC), Africa’s biggest investment fund, said on Monday it had given cash-strapped state power firm Eskom a 5 billion rand ($416 million) loan to fund the utility’s operations in...
At the close of 2017, multilateral development banks (MDBs) announced funding for several climate adaptation and resilience projects that will target multiple co-benefits, such as job creation, poverty eradication and food security with their implementation. Caribbean Builds Back Better In...
Construction works of US $3.5m world class cruise ship terminal at the Port of Mombasa is set to be completed in August next year. Tourism and Wildlife Cabinet Secretary (CS) Najib Balala confirmed the reports and said that completion of the cruise ship...
The International Finance Corporation (IFC) is scouting for investments in Kenya’s healthcare sector through a Sh11 billion ($107 million) Dutch-based private equity fund it backs. The IFC, the World Bank’s private lending arm, says the Investment Fund for Health in...
Demand for Ghana’s $2 billion of Eurobonds exceeded supply four times as the West African country convinced investors about its economic turnaround story, the Ministry of Finance said. Ghana got more than $8 billion of bids after marketing the debt...
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