Thursday, April 18, 2019
SCC Nigeria is currently seeking an additional US $89.6m for the construction of the Otukpo Multipurpose Dam in Benue. According to Sabastine Oteba, SCC Resident Engineer,  the request for the contract review is due to an increase in cost...
The Emerging Africa Infrastructure Fund (EAIF) has announced the financing for a large-scale water treatment plant in Rwanda. The water treatment plant is the first Bulk Surface Water Supply in sub-Saharan Africa using a public/private partnership (PPP) model. It is also...
Burkina Faso has launched West Africa’s largest solar power plant- Zagtouli solar power plant. This is in a deliberate move by the country to boost renewables and cut energy dependence on its neighbours. The US $56.27m project has been funded in part...
Kenya National Highways Authority (KeNHA) has signed a contract with South African construction firm, Group Five Construction Proprietary Limited to initiate the construction of the Lamu-Isiolo road. The US $602m project is part of the Lamu Port South Sudan...
This year there has been a fundamental change in the dynamics of migration from Western Africa to Europe. European governments, pressured to manage the large flow of migration from Sub-Saharan Africa, have blocked one of the primary transit routes...
Today, in the Côte d’Ivoire capital, ahead of the African Union-European Union Summit, the European Investment bank (EIB) signed its first, landmark agreement with the African Export Import Bank (Afreximbank). The agreement involves a finance facility for EUR 100m...
The Minister of Finance, Mrs Kemi Adeosun says Nigeria has raised three billion dollars at the international capital market. She made this known in a statement issued by Mr Oluyinka Akintunde, the Special Adviser, Media and Communications on Wednesday in...
With real GDP growth at near zero and fiscal projects trending downward, it’s unsurprising Standard & Poor’s didn’t wait for the ANC leadership contest in late 2017, or the next budget release, to cut the country’s credit rating to...
The government through the Kenya National Highways Authority (KeNHA) has signed a Sh64 billion financing deal for the construction of the Lamu, Garissa, Isiolo road. The contract has been awarded to the Lamu Road Consortium ( LRC) bringing together the...
Somerset West – Capital will always go where it is looked after, Patrick Dlamini, CEO and managing director of the Development Bank of Southern Africa (DBSA), has said at the First African Roundtable on Infrastructure Governance taking place in...
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