Sunday, August 25, 2019
Aliko Dangote has made a fortune out of cement and food processing. Now, Africa’s richest person is embarking on a bigger challenge: a $15 billion investment in oil, gas and petrochemicals that could, if he pulls it off, transform Nigeria’s...
Ethiopia needs $7.5 billion to finish infrastructure projects such as a massive dam and roads that the government hopes will drive industrialisation, the new prime minister said on Friday. Speaking to parliament before its vote on the 2018/19 budget, Abiy...
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...
Tanzania has had to defend the proposed Stiegler Gorge power project to the United Nations Educational, Scientific and Cultural Organisation (Unesco) at the 42nd meeting of the World Heritage Committee, in Bahrain. The multi-billion project, which is expected to generate...
An innovative multi-million-dollar programme in Kenya seeks to connect 14,000 households and businesses to green mini-grids by the end of 2018. The programme dubbed the Green Mini Grid (GMG) Facility Kenya aims to achieve this through scaling up private utilities delivering renewable...
Le Morne; Johannesburg, Lagos, Nairobi, Cairo, London, New York, 18 June 2018: Africa investor (Ai), a leading international investment and communications group, today announced the winners of the 2018 Africa investor (Ai) Infrastructure Investment Awards. These first-of-their-kind Awards reward and showcase excellence amongst...
In Africa, there has been the emergence of an ecosystem built around pension funds. A recent institutional investor study estimated that the ten largest funds in Africa held a combined $310 billion in assets. This has transpired for a number...
WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today launched its Connect Africa initiative which will mobilize more than $1 billion to projects that support transportation, communications, and value chains in Africa over the next...
Angola plans to allow miners to sell up to 60% of rough diamonds to companies of their choice, including to their own trading divisions, Reuters reported last week. The changes are part of the country’s reforms to its diamond sector...
Investors want policy certainty about the integrated resource plan (IRP) before they put their money behind gas projects, says an independent power producer. Linda Mabhena-Olagunju, founder and managing director of DLO Energy – a group of companies working within the...
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