Monday, September 16, 2019
The African Export-Import Bank (Afreximbank) expanded its shareholder-base, as it admitted JSC Russian Export Centre (REC), as the latest international financial organisation to join the institution. REC was admitted as a shareholder following its successful subscription to Class “C” shares...
Dangote Cement Plc, Africa’s biggest producer of the building material, may carry out its long-planned listing of shares in London after Nigerian elections early next year, as it considers expansion through takeovers. “We are working on it and we’ll look at it...
The Nigerian government is planning to generate 3,000MW of electricity by the year 2020. The plan includes 10, 000 mini-grids which will energize under served off-grid communities across the country. The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi...
Rooftop solar provider, Off Grid Electric, in partnership with EDF, are set to expand their off-grid solar solutions offering to households in Ghana. Off Grid Electric has secured the largest venture equity investment worth US $55m in Series D funding...
The Federal Government of Nigeria needs US $40bn to finance the ongoing Lagos-Ibadan railway project. This is according to the Minister of Transportation, Rotimi Amaechi. Meanwhile, the government is negotiating with contractors handling the project to raise funds for the project, stressing that...
Affordable houses are set to be constructed in Kakamega County, Kenya as from May this year; Governor Wycliffe Oparanya confirmed the reports as he hosted teams from the Housing Finance Company (HFC) and the United Bank of Africa (UB-A). The initiative will eventually provide...
Zimbabwean President Emmerson Mnangagwa is set to commission Kariba South power expansion project’s first unit on 24th December, 2017. The unit will feed 150MW onto the national grid. The project has been undertaken by Chinese state-owned hydro-power engineering and construction...
Construction of the mega Stiegler’s Gorge power project in Tanzania is set to begin before July this year. This comes after the State opened the bids for the 2100MW hydropower project in August last year and its construction will...
Africa’s telecoms market is in a state of flux, and some operators are seeing huge potential. Orange, for example, is to build a $50 million headquarters in Ivory Coast, and has launched in Sierra Leone. Yet others are pulling back....
Ethiopian officials, who have earmarked some 11.5 million hectares (28.5 million acres) of land for overseas firms to invest in agriculture, say Karuturi failed to make adequate progress on the land. Activists say neither side addresses the more critical issue...
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