Nigeria’s President Muhammadu Buhari has commissioned a new terminal at the Nnamdi Azikiwe International Airport in Abuja, which has a capacity to process 15 million passengers every year and covers a space of approximately 56,000 square metres.
According to the...
British investment fund CDC Group’s Sh14 billion investment in ARM Cement has dropped to a market value of Sh2.1 billion as investors continue to react to the Nairobi Securities Exchange-listed firm’s financial challenges.
The firm’s share price fell to a new...
The Moatize-Macuse Railway Logistics Corridor, which is the largest infrastructure project in Mozambique, has reached its final stage, with the launch scheduled for 2019 and completion in 2022.
This is according to the new newsletter, China-Lusophone Brief (CLBrief). The 639 km railway...
With global liquidity conditions tightening, local currency bond markets have a more important role to play in financing African governments and companies. While Ghana and Nigeria are leading the way, other markets are still in the early stages. Poor...
The European Union (EU) and Germany has announced a financial package worth US $40m to fund further developments in Nigeria’s power sector, the package is part of the rollover of the Nigerian Energy Support Programme( NESP), which is managed...
Ethiopian Airlines has announced that it has completed the deal to purchase a 49 per cent stake in new Chadian Airlines.
In the joint venture, the government of Chad will retain 51 per cent.
The new Chadian flag carrier is set...
On Monday, the Transmission Company of Nigeria (TCN) inaugurated a 100MVA transformer at Alimosho substation, Lagos.
The objective of the installation is to boost electricity supply to residents within Ikeja Disco, The Nation Online reported.
According to Usman Mohammed, the...
The Federal Government, in partnership with the African Development Bank (AfDB), two years ago launched the Agricultural Transformation Agenda Support Programme Phase One (ATASP-1) with commodity value chain development alongside infrastructure development as some of its key components in...
The African Development Bank has approved a $217.9 million loan to South Africa’s power utility Eskom Holdings, towards the upgrade and expansion of its transmission facilities.
The funding supports the Eskom Transmission Improvement Project (ETIP), which will see the construction...
Common Market for Eastern and Southern Africa (COMESA) Secretary General Sindiso Ngwenya said, in an interview with Daily News Egypt, that the Egyptian initiative to establish logistical centres in a number of African countries is a laudable initiative.
Ngwenya added...
