Tuesday, October 26, 2021
The Egyptian government is set to invest US $83m in water and sanitation projects in bid to reduce water deficit facing the country. This comes after The Ministry of Irrigation and Water Resources signed an agreement with European Union (EU) to provide for cooperation...
Groupe Europeen de Development (GED) Africa and Development Bank of Southern Africa has commenced conducting the environmental assessment process of the 187 km Mwenda-Kashiba road project which will be constructed at a total cost of US $475m under the...
FOREIGN direct investment into Africa dwindled over the past five years, from US$74 billion (roughly N$1 trillion at the current exchange rate) in 2013, slowly dropping to US$41 billion (roughly N$581,2 billion) in 2017. Moreover, global flows of foreign direct...
HARARE, Dec. 6 (Xinhua) -- China on Wednesday agreed to provide Zimbabwe with a funding of about 213 million U.S. dollars for infrastructure development projects. The funding includes those for the expansion and upgrading of the country's flagship airport, the...
The eThekwini Municipality has rejected an unsolicited bid to develop the Virginia Airport. In a statement released on Thursday the Municipality said while its Bid Adjudication Committee had rejected this bid it would consider future bids based on merit. In 2015...
KIGALI, June 27 (Reuters) – Volkswagen will launch a car assembly facility in Rwanda on Wednesday, the first such factory in the East African nation as Europe’s biggest carmaker expands its presence in the region. Car ownership remains low in...
The government of Malawi has signed a US $150m IFC InfraVentures, an investment fund of the World Bank Group for the construction of Mpatamanga hydroelectric project in southern Malawi. The financial institution will  be responsible in all decisions relating to the development of...
The grand opening of the world’s largest hybrid solar/thermal plant, was held earlier this month in Northern Burkina Faso. The new 15 MWp photovoltaic (“PV”) power plant will supply IAMGOLD Essakane SA with competitive and carbon-free electricity. The solar power plant has...
The Sumbawanga Airport in Tanzania is set to receive US $24.9m boost for the upgrade to international standards. On completion, the airport sets to stimulate economic growth in the region while at the same time attract business opportunities in...
It is without doubt that China is an emerging superpower, a position currently occupied by the United States of America. China’s rising power, politically and economically is evident in all aspects of the global economy. China’s rising global stature has...
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