Friday, February 22, 2019
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...
Kenya and Tanzania have plans to construct a 412 km road that will connect Malindi and Bagamoyo. The road is expected to ease movement between the two countries’ coastlines. It is not clear though as to when the project will...
The ministry of Housing and Urban Development in Kenya has awarded Chinese Wu Yi Company Limited, Sinohydro Corporation and China Roads and Bridges Corporation tender to build 1, 500 low-cost homes Nairobi’s Park Road. According to the tender document published...
LUANDA, Jan 11 (Reuters) – Moody’s assumes the Angolan government does not intend to default on its debt after ambiguous wording in official statements, the ratings agency said in a research report. Angola this month unveiled plans to restructure its...
A mega US$1.1bn cement plant in Egypt is yet to start operations. This surprisingly comes at a time when the country is experiencing excess cement capacity. The cement plant The cement plant with six production lines in the Egyptian city 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...
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...
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 African Shoprite Holdings SHPJ.J will move into Kenya, where weakened competitor positions have opened an opportunity for Africa’s biggest grocer to expand its presence in East Africa, its chief executive Pieter Engelbrecht said on Tuesday. South African retailers have struggled to...
Today Sandown Capital Limited (JSE:SDC) listed in the Equity Investment Instruments sector on the main board of the JSE. Sandown Capital is the 18th company to list on the JSE this year. Donna Nemer, Director: Capital Markets at the JSE...
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