Tuesday, July 16, 2019
A new report by multinational professional services network PricewaterhouseCoopers (PwC) has identified how Africa’s ports and shipping sector could unlock the full potential of its economic growth. The report, ‘Strengthening Africa’s gateways to trade’, which PwC developed in response to the...
The institution’s Office of Integrity and Anti-Corruption found the company to have engaged in numerous misrepresentations of its past experience in bidding for Bank-financed contracts Abidjan, Côte d’Ivoire, May 7, 2018 – The African Development Bank Group (AfDB) on May 7,...
Tanzania presses on with its ambition to build a 2,100-megawatts (MW) hydroelectric power plant in the Selous Game Reserve despite warnings from conservationists about the adverse effect of such a project on animals in one of the world’s largest game reserves. During...
On Monday, the Transmission Company of Nigeria (TCN) inaugurated a 100MVA transformer at Alimosho substation, Lagos. The objective of the installation is to boost electricity supply to residents within Ikeja Disco, The Nation Online reported. According to Usman Mohammed, the...
The World has announced that it will no longer finance upstream oil and gas after 2019. This was contained in a statement released to announce some new measures taken in line with ongoing support for developing countries the effective implementation...
The Kenya Power Pension Fund (KPPF) has been named the best fund in Africa. This is after it emerged the winner of the category in the recently-held Africa Investor (Ai) Capital Market & Index Series Awards in New York, USA. The...
Expansion of the Kimara-Kiluvya, a section of Morogoro road in Tanzania is expected to start any time in February this year. The project comes after a successful demolition of structures, which were erected on the road reserve. The construction is...
Kenya government has scheduled to sign the US $3.8 bn contract for the second phase construction of the Standard Gauge Railway (SGR) this September. This is according to James Macharia, Transport and Infrastructure Cabinet Secretary, who said the deal will be concluded during...
Zambia and Zimbabwe have announced that construction works of Batoka Gorge hydro power plant which they co-share will commence next year. According to a statement from Zambezi River Authority (ZRA), feasibility studies are almost complete. Once engaged, the developer is expected...
Demand for Ghana’s $2 billion of Eurobonds exceeded supply four times as the West African country convinced investors about its economic turnaround story, the Ministry of Finance said. Ghana got more than $8 billion of bids after marketing the debt...
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