Tuesday, May 26, 2020
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...
The government of Kenya has signed a US $6m deal with BASF, one of the world’s leading chemical companies and IPR Consulting Establishment to develop a potato cooling plant in Ol’Kalou area, Nyandarua county. Speaking during the signing ceremony, Nyandarua Governor...
Nigeria has signed a US $10m deal with United Kingdom-based Iconic City Limited for the development of a 3.8ha land in Alakia, Ibadan, the Oyo State capital, into a residential housing estate.Group Managing Director and Chief Executive Officer, of...
The country’s shady internal politics and complex regulatory framework meant that only the hardiest investors braved Africa’s largest market. As in the Great American West, prospectors would set out with gold in their eyes; seeing risk as opportunity if...
Kenya has announced plans to upgrade and link older rail tracks with its new standard-gauge railway and abandon its initial plan to extend the Chinese-funded project to Uganda’s border that would have created a faster export route to the...
A 390MW power plant is set to be constructed in the town of Jacqueville near Abidjan, in Côte d’Ivoire. Known as Atinkou, the power plant is similar to the one developed by Ciprel, a subsidiary of the Eranove group and a...
Construction works of Bamburi Cement at its Nairobi Grinding Plant is now complete with the commissioning of the US $40m plant planned for the last quarter of this year. This initiative will see cement production for the company with the new line...
The Zimbabwe National Water Authority (Zinwa) is set to introduce prepaid water system for all local authorities by September this year and institute stop order payment arrangements for other bulk water consumers in order to rein in problem debtors. According...
The government of Zambia has expressed satisfaction with the progress made on the Kazungula Bridge project announcing that the development nears completion. President Edgar Lungu of Zambia who acknowledged the progress said that the bridge is 78% complete and...
Nigeria’s Minister of State Aviation, Hadi Sirika is seeking US $461m to be approved by the National Assembly for additional work on the new airport terminals project ongoing across the country. Hadi Sirika explained before the Senate Committee that the...
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