Tuesday, July 16, 2019
Construction works on US $51m Nyendo–Bukakkata road project in Uganda has finally kicked off four years later after President Museveni made the groundbreaking for the project. Mr Mark Ssali, the head of corporate communications...
President Mokgweetsi Masisi wants to increase foreign investment and create more jobs for almost one in five people. Botswana’s new leader wants to shrink the civil service, sell state companies and cut red tape as he targets increased foreign investment. President...
The Ethiopian Electric Power (EEP) is planning to restart operations of Reppie Waste-to-Energy power plant in three months after long disputes with contractors that led to delays in generating electric power. The disputes which was between EEP and two contractors,...
The World Bank has approved of $2.1bn loan for seven projects to be executed in Nigeria. The loan was announced in a statement issued by World Bank Country Director for Nigeria, Rachid Benmessaoud in Abuja on Thursday. According to the statement,...
The Federal Government of Nigeria is currently seeking a loan of about US $40bn to US $46bn to complete some ongoing rail projects and embark on new ones. This is according to Transportation Minister Rotimi Amaechi. “I think the rail sector is doing...
India’s Engineering ,procurement and construction ,EPC firm Sterling and Wilson in India,is set to construct both the largest battery storage project and single battery installation in the whole continent in bid to boost education sector in Africa. Sterling and Wilson...
Kenya needs at least US $79.4m to repair roads that have been damaged by the ongoing heavy rains and floods.According to Transport Cabinet Secretary James Macharia, funds are required for immediate repairs of the roads across the country. “Now that...
The government of Madagascar is set to construct three photovoltaic solar power plants, following a partnership agreement signed between them and Tryba Energy, a French company over the project. Vonjy Adriamanga, Madagascar’s Minister of Energy,...
The economic environment for private equity investments in Africa is much rosier than a few years ago when the global economy was in a downturn.  According to Romain Py, Investment Director and Head of Transactions at African Infrastructure Investment Managers...
Senegal approved the sale of Millicom International Cellular SA’s mobile-phone business in the country to a group of investors that includes French billionaire Xavier Niel, a decision that may end a dispute over the transaction that began last year. President Macky...
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