Wednesday, October 16, 2019
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...
Kenya has signed a US $147m credit facility agreement with France to finance the Mwache Dam project with the aim of improving drinking water and sanitation systems in Mombasa. According to the Treasury Cabinet Secretary Henry Rotich, the facility, extended by Agence...
Plans to connect the East African region through railway networks, such as the Standard Gauge Railway (SGR) seem to be moving in the right direction.This is after Uganda’s president Yoweri Museveni agreed to the signing of the final financial deal...
Development experts often explain the poor economic and governance performance of many African countries by the “resource curse.” The associated rent-seeking behavior of unaccountable leaders looking for easy money rather than developing productive industries could be reversed with effective...
Tanzania has licensed a subsidiary of Australia’s Windlab Ltd to build 300MW Miombo Hewani wind farm, the first wind farm in the country at a cost of US $300 m. Windlab Developments Tanzania Ltd, who obtained an environmental and social...
The second phase of a fibre optic project in the Republic of Congo has commenced, connecting the nation to its neighbouring country, Cameroon. Construction for the project began the the Republic of Congo’s capital city, Brazzaville. The Central Africa Fibre Optic Project...
The Democratic Republic of Congo plans to start construction work this year on the frequently delayed Inga 3 hydro power project at a predicted cost of US $13.9bn, after receiving a joint bid from two previously competing consortia of...
The World Bank has approved a $455 million credit for the construction of critical high voltage transmission infrastructure that will support electrification of the southern and northwestern regions of the country. The project will also establish cross-border transmission capacity connecting...
Globeleq, lead partner in the Temane Energy Consortium (TEC), and Electricidade de Moçambique E.P. (EDM) have signed a joint development agreement, which will progress the 400MW gas-fired power project located at Temane in Inhambane Province. The agreement was signed on...
In response to low electrification rates in some remote areas across Africa, the African Development Bank (AfDB) has approved a proposal to help Zola EDF Côte d'Ivoire (ZECI), to mobilise a loan in local currency to the tune of...
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