Monday, July 6, 2020
The African Development Bank (AfDB) has set a target to raise US$8bn (approximately Sh826bn) in 2018 through its annual borrowing programme. The bank will tap into capital markets and mobilise resources with the outcome of lending money to member countries...
The African Sovereign Wealth and Pension Fund Leaders Forum has today issued a Call to Action to build resilient African economies. Noting the potential for devastating economic impacts on the African continent by the novel coronavirus (COVID-19) pandemic The Forum, comprised...
The African Development Bank (AfDB) and various partners have invested a total of US$55 million in the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), which brings the fund closer to its first close target. FEI OGEF is...
Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed. The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa...
The government of Rwanda is set to invest US $13m in construction of new primary and secondary school classrooms, latrines and washrooms among other school facilities. Rose Baguma, the Director General of Education and Planning in the Ministry of Educationannounced the...
BEIJING (AP) — China’s plan for a modern Silk Road of railways, ports and other facilities linking Asia with Europe hit a $14 billion pothole in Pakistan. Pakistan’s relations with Beijing are so close that officials call China their “Iron...
Kenya’s President Uhuru Kenyatta signed a US $232m deal with two US companies; the US Overseas Private Investment Corporation (OPIC) and Kipeto Wind Energy Company that will see the construction of and operation of 100MW grid connected wind power plant. According...
Kenya is set to construct two US $157m desalination plants in Mombasa. This in response to the water crisis that has interfered with the supply of clean drinking water in the county. Spanish company Almar Water Solutions company and Switzerland’s Aqua Swiss have been...
Malawi and Japan recently signed a grant aid agreement of US $3.4m for the improvement of water supply and revenue generation in Lilongwe through reduction of water loss. The grant aid will finance a project for the improvement of...
Construction of the 1,600km Trans-Saharan Highway project in Algeria is complete. The Secretary General of the Trans-Saharan Liaison Committee, Mohamed Ayadi revealed the completion of the highway project in Algiers during the the 68th session of the committee. In order to carry out its realization...
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