Monday, October 21, 2019
Construction of the 52Km Koka-Adulala-Bishoftu asphalt concrete road in Ethiopia is complete. Aser Construction Plc, Ethiopia based construction company executed the road construction project at a cost of US $26.1m while Net Consult Consulting Engineers & Architects Plc designed the road. The completed road...
The Board of Directors, African Development Bank (AfDB) has approved $50 million (Fifty Million Dollars) unfunded Risk Participation Agreement for Commerzbank to address Africa’s trade finance market. The bank made the announcement  in a statement signed by its Principal Communication...
Ghana will sell stakes in three thermal power plants as it seeks to cut state-owned companies’ debt and boost electricity production following years of outages that hurt investor confidence. The West African nation has identified the fossil fuel-burning plants capable...
(Ecofin Agency) - CDC Investment, the British institution for development financing, announced in a statement, it has signed a cooperation framework-agreement with China-Africa Development Fund (CAD Fund), a Chinese investment fund focused on Africa. The agreement aims to strengthen relations...
Dr Jumoke Oduwole, the Senior Special Assistant to the President on Industry, Trade and Investment‎, says the Federal Government is committed to ensuring Ease of Doing Business in Nigeria. Oduwole said this on Tuesday, during a stakeholders sensitisation workshop held...
Donors to the Fund for African Private Sector Assistance (FAPA) – consisting of the African Development Bank, the Government of Japan and the Government of Austria – have approved three catalytic projects totaling US $2,480,000 to stimulate the growth of Africa’s...
Botswana continues to rank amongst Africa's most preferred investment destinations, with a new authoritative survey placing the country fourth out of 54 states on the continent in terms of investment attractiveness. However, the ranking is a drop from the position...
The Rwanda Development Bank (BRD) has signed a number of treaties with different Savings and Credit Cooperatives (SACCOs) to make finance accessible for the purchase of solar energy equipment. Those that inked deals with BRD include Girubukire SACCO Buyoga, Imbarutso...
After the much anticipated signing of the REIPPPP Power Purchase Agreements (PPAs), a South African IPP, Pele Green Energy (PGE), this week signed their outstanding contracts for round 3.5 and 4 projects. The project's generation capacity total of 620MW takes...
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...
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