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Kenya calls on African governments to assist private sector participate in infrastructure development
Kenya’s President Uhuru Kenyatta has urged African Governments to create an enabling environment to enable the private sector to participate more in the development of critical infrastructure in Africa.
[Interview] Saeed Ibrahim Talfo, CEO, Golden Land, Sudan
Saeed Talfo has spent about a decade working in ICT, telecom delivery and service, and HE is currently the CEO of GLSD.
[Morocco] DHL to set up Africa-Europe Logistics Hub in Tanger Med
DHL Global Forwarding has signed a deal with Tanger Med to set up its new Africa-Europe Logistics Hub in the Tanger Med Logistical Zone.
World Bank, Germany enhance cooperation for MENA Development
The World Bank Group and the German Federal Ministry for Economic Cooperation and Development have signed a declaration of intent to foster cooperation on sustainable and inclusive development in the Middle East and North Africa Region.
[Nigeria] AfDB approves $15 million investment package for Infrastructure Credit Guarantee Company
The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company to support infrastructure financing in Nigeria.
UNIDO, African Union to share Quality Infrastructure best practices for sustainable development
UNIDO in cooperation with the AUC held the first ever International Quality Infrastructure (QI) Forum to focus on the contribution of QI to the achievement of the SDGs and the implementation of the AfCFTA.
NDB ramps up operations in South Africa, supporting sustainable infrastructure development
In line with its mandate of mobilizing resources for infrastructure and sustainable development projects, the New Development Bank (NDB) is ramping up operations in South Africa and strengthening its project pipeline in the country.
AfricaOnline Ghana launches JOLA Ka-Band high-speed broadband Satellite service on Avanti’s HYLAS4
AfricaOnline has launched its new JOLA service, a high-speed broadband satellite service powered by Avanti’s HYLAS4 satellite that offers 100% coverage of Ghana through multiple spot beams.
Facebook artificial intelligence researchers create world's most detailed population density maps of Africa to address infrastructure challenges
Facebook is working closely with key non-profit and research partners to use artificial intelligence (AI) and big data to address large-scale social, health and infrastructure challenges in sub Saharan Africa.
[Liberia] GLS - NAS breaks ground at Roberts International Airport
GLS and NAS joint venture company GLS – NAS broke ground for a new 2,700 square meter cargo terminal at Roberts International Airport in Monrovia, Liberia.
NAS to launch ground handling and cargo services in Mozambique
National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets will offer comprehensive ground handling and cargo services in Mozambique beginning July 2019.
London Tribunal orders Djibouti to pay DCT $385 million for breach of exclusivity agreement
Doraleh Container Terminal SA (DCT) has been successful in the London Court of International Arbitration proceeding against the Republic of Djibouti.
IFC, Ministry of Petroleum and Mineral Resources boosts critical energy infrastructure in Egypt
IFC announced a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for Eastern Mediterranean and improve its energy infrastructure.
South Africa profiles its industrial capabilities in Brazil, deepens relations
A South African business delegation arrived in Brazil to participate at the 12th Latin American Defence and Security Exhibition (LAAD), to showcase their industrial capability as well as deepen the two countries' relations.
Kenya to face $2 billion annual bill due to poorly planned and procured infrastructure projects, report
It is nearly universally accepted that good infrastructure has significant benefits for the economy and peoples’ quality of life. Kenya currently has a predicted annual infrastructure spend of US$6.5bn a year by 2030.
[Kenya] Central Bank Rate retains at 9.00 percent, MPC survey
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
[Uganda] Kampala edges 12 African Cities to claim lead role in the Africa Smart Towns Network
Kampala City has been selected as the lead among the Twelve African cities in the Africa Smart Towns Network following a competitive submission to the call for applications by the French Development Agency early this year.
Square Kilometre Array milestone reached in South Africa with adoption of environmental management plan
The Department of Science and Technology has welcomed the adoption of the Integrated Environmental Management Plan for phase one of the Square Kilometre Array in South Africa.
African Development Bank launches pilot phase of Adaptation Benefits Mechanism
The Adaptation Benefits Mechanism (ABM) is an innovative mechanism for mobilising new and additional public and private sector finance.
AfDB Multi-Partner Somalia Infrastructure Fund to receive €1 million from Italy
The Italian Government has signed an agreement for an additional €1 million contribution to the AfDB Multi-Partner Somalia Infrastructure Fund.
AfDB, Portugal and Mozambique sign MOU for private sector development
The African Development Bank and the governments of Mozambique and Portugal have signed a Mozambique-specific Memorandum of Understanding for the implementation of the Lusophone Compact.
NNPC to build fertilizer plants in Brass, additional power plants in Abuja, Kaduna, Kano
The Nigerian National Petroleum Corporation has expressed its preparedness to build additional Independent Power Plants (IPP) in Abuja, Kaduna and Kano which is expected to add 4,0000 megawatts of power to stabilize the national grid.
UKEF supports UK firms to develop critical Ghanaian infrastructure
International Trade Secretary Dr Liam Fox announced that UK Export Finance (UKEF) will support UK firms with £130 million for three projects in Ghana.
AfDB set to provide continuous electricity supply to 1 million households in East Africa
Inhabitants of Kenya,Tanzania, Uganda and Ethiopia will enjoy uninterrupted supply of electricity with the upcoming commissioning of a power transmission line to interconnect Kenya and Ethiopia, powered by the AfDB.
Legal battle for control of Djibouti Ports moves to Hong Kong
One of the world’s largest port operators has sued a Chinese state enterprise in Hong Kong over infringement of its exclusive port agreement.
[Nigeria] Avanti partners MainOne to improve broadband penetration with converged solution
Avanti Communications and MainOne have signed an agreement to improve broadband penetration across Nigeria by providing the latest KA-band based satellite communication services to enterprises located in remote areas of the country.
ECOWAS, AfDB sign funding agreement for the $22.7 million Abidjan-Lagos highway corridor
ECOWAS) and AfDB have signed the $22.7 Million grant retrocession agreement for the 6-lane Abidjan-Lagos Corridor Development Project in Abuja, Nigeria.
CW to deploy world-class connectivity infrastructure in Ethiopia
Cambridge Wireless (CW), is collaborating with Regional State Government, Bahir Dar University and local delivery partners to deploy world-class connectivity infrastructure in a rapidly growing city in Ethiopia.
Government authorities in East and West Libya set to partner to develop one of North Africa's largest deep sea ports
Libya's government authorities in the East and West have agreed to jointly support what will become one of North Africa's most highly-automated and largest deep-sea ports.
African Union and JICA seek enhanced collaboration
The African Union Commission Deputy Chairperson has held discussions with the Director General of JICA, on the implementation of projects undertaken with the African Union.
[Kenya] Monetary Policy Committee retains Central Bank Rate at 9%, survey
The Monetary Policy Committee (MPC) retained the Central Bank Rate (CBR) at 9.00 percent during its January 28, 2019 meeting.
[Ivory Coast] AFC closes funding for hydroelectric bridge
Africa Finance Corporation (AFC) announced it has closed a bridge loan deal for the construction of the Singrobo-Ahouaty hydroelectric dam (SAHP) between Abidjan and the capital, Yamoussoukro.
Italy PM opens Africa Centre for Climate and Sustainable Development in Rome
Italy’s Prime Minister Giuiseppe Conte cut the ribbon for the new ‘Africa Centre for Climate and Sustainable Development’ in Rome today.
Exim Bank India invests $95 million in Mozambique’s railway
Export-Import Bank of India, Exim Bank, has, on behalf of the Government of India, extended a Line of Credit, LOC, of $95 million for procurement of railway rolling stock.
[Kenya] KRA set to raise revenue through a three-year blue print
The Kenya Revenue Authority (KRA) is set to raise revenue to GDP ratio from current 18.3 per cent in 2017/18 to 19.2 per cent in 2020/21.
[South Africa] Helios Towers partners with Vulatel to expand mobile and fixed-line infrastructure
Helios Towers Ltd, the independent telecoms tower infrastructure company has today announced that it has entered into an agreement with South Africa’s Vulatel (Pty) to create a South African infrastructure platform.
China reiterates financial and infrastructural support to Angola
The Chinese government will continue to provide aid to Angola, mainly in the financial and infrastructure sectors, as well as encouraging local companies to invest in Angola.
[South Africa] Special Economic Zone to significantly contribute to the economic and industrial development
The Minister for Trade and Industry South Africa, said the recently designation of the Nkomazi Special Economic Zone (SEZ) will contribute significantly to the economic and industrial development.
[South Africa] The Global Business Services incentive will create employment opportunities for the youth, Trade Minister
The Minister for Trade and Industry, Dr Rob Davies said the Global Business Services (GBS) incentive which became effective from 01 January 2019 will create employment opportunities for youth in South Africa.
[Nigeria] IFC, Lagos State government partner to improve municipal infrastructure and increase revenue
IFC, a member of the World Bank Group, and Lagos State government have announced an agreement under which IFC provide advisory services to enhance infrastructure development.
[Gabon] AfDB invests €40 million to modernize port of Owendo
The African Development Bank has invested €40 million to modernize the Owendo International Port.
Vanu launches VanuMapsTM to provide connectivity to rural Africa
Vanu has announced VanuMapsTM, an unprecedentedly accurate mapping resource capable of detailing where connectivity is lacking and can be provided profitably throughout Africa.
IFC signs accords with NBE to support Ethiopia's private sector
IFC CEO has signed accords with the National Bank of Ethiopia (NBE) to expand trade and local currency financing as part of broad effort to support private sector in Ethiopia.
OFID supports health and living standards in Malawi
OFID, the OPEC Fund for International Development has signed a US$12 million public sector loan agreement with Malawi for a project aimed at improving health and living standards for circa 125,000 people.
Mauritania rolls out the welcome mat to investors with new iGuide
Mauritania is serious about “rolling out the welcome mat” to foreign direct investment (FDI) following the launch of an online investment guide in the capital Nouakchott on 22 November.
[Egypt] Shifting public funds from infrastructure to investing in people - World Bank report
Egypt has an opportunity to capitalize on current reforms by enabling more private investment in infrastructure and freeing up public funds for investments in people’s education, health and social protection.
Liquid Telecom to invest $400m in Egyptian network infrastructure
Pan-African telecoms group Liquid Telecom has announced that it is investing 8 billion Egyptian Pounds (USD400m) in Egypt over the next three years.
Senegal's industrial park open for business
Forty kilometers from the capital, Dakar, a new industrial park has opened.
[Gabon] Bolloré Logistics starts operations at new logistics hub
Bolloré Logistics has opened a new logistics hub in Lastourville, Gabon.
Experts weigh in on new strategy for financing Africa's infrastructure
A draft report by the United Nations Economic Commission for Africa (ECA) titled, “Attracting Institutional Investors in Africa’s Infrastructure,” has undergone a thorough review by experts from wide-ranging sectors.
Afreximbank signs MoU with Russian Railways and Russian Export Center
The African Export-Import Bank has signed in Moscow a memorandum of understanding with Russian Railways and the Russian Export Center.
[Column] Bob Koigi: Cementing sustainable African cities agenda
The maxim Africa is the future perhaps rings true now more than ever.
AfDB approves €17.96 million Ring-Road project to improve socio-economic growth in Cameroon
The African Development Bank (AfDB) has approved a €17.96 million loan to the Republic of Cameroon to finance the construction of a Ring-Road Project in the North-West Province of the country.
African countries urged to sign the Luxembourg Protocol
The Chief of Industrialization and Infrastructure at ECA has urged the African countries to sign the Luxembourg Protocol because railways are the key to open and free trade across Africa.
Let us make Africa’s infrastructure competitive, Zimbabwean Minister
Zimbabwe’s Transport and Infrastructural Development and Transport Minister has urged the Africa continent to focus on infrastructure development, to ensure it was competitive enough to make a difference.
Mozambique making economic and social progress, AfDB report
According to the latest African Development Bank (AfDB) Country Result Brief, Mozambique has made significant strides despite an economic slump over the past two years.
[South Africa] Accutrak to Expand Market to Mozambique
Accutrak, a North-West technology company in South Africa is looking forward to expanding its customer base during the Trade and Investment Mission to Mozambique this month.
Netherlands invests $9million to rehabilitate roads in South Sudan
The Kingdom of the Netherlands has invested $9 million to improve smallholder farmers’ access to markets by rehabilitating and maintaining roads in South Sudan.
African Development Fund approves $322 million for road upgrading projects in Burundi and Tanzania
The Boards of Directors of the African Development Bank Group have approved S$322.35 million loans and grant to Burundi and Tanzania.
Sustained investment, exports to grow Uganda economy by over 6 per cent, World Bank
The Ugandan economy rebounded strongly to 6.1 per cent in the 2017-2018 financial year.
Power tariffs, Asian imports take a toll on East Africa cement market, report
The East Africa cement market reached a volume of 14.4 Million tonnes in 2017.
McKinsey shows Africa is world’s next big growth market
A new book by McKinsey confirms that Africa is poised for economic acceleration, akin to the Asian boom.
[Morocco] Alstom welcomes high speed line with modern trains
Alstom will be part of the inauguration of the Tangier-Casablanca high speed line with its very high-speed trains supplied and delivered to the Office National des Chemins de Fer Marocain (ONCF).
AfDB approves $40m equity investment in Africa Infrastructure Investment Fund
The Board of Directors of the African Development Bank has approved its third equity investment of $40m in Africa Infrastructure Investment Fund (AIIF3).
[South Africa] SACS Cable to boost connectivity in Africa via Teraco Data Centres
Teraco has announced that clients currently making use of its data centres in Cape Town and Johannesburg are set to benefit from the cross connection to the South Atlantic Cable System (SACS).
RCS-Communication launches new Ka-Band service in South Sudan
RCS-Communication, an ISP in South Sudan, has established the first site for Avanti’s HYLAS 4 high-speed satellite broadband service in-country.
DP World, Rwanda government unveils East Africa’s first inland dry port hub
Global port operator DP World and the government of Rwanda have setup a state-of-the-art logistics hub, located 20 kilometers from the capital city Kigali.
[South Africa] Industrial parks can be turned into special economic zones, Trade Director
The Director-General of the Department of Trade and Industry (the dti), said that with proper infrastructure, utilities, and management, the twenty-six approved Industrial Parks across South Africa can become Special Economic Zones.
Egypt’s private sector wins big at the Africa Investment Forum
Projects from Egypt’s private sector showed strongly at the just concluded Africa Investment Forum during which transactions close to US$50 billion were promoted by sponsors in three days of Boardroom sessions.
[South Africa] Liquid Telecom extends Microsoft Azure from Cape to Cairo
Liquid Telecom has extended the availability of Microsoft Azure from the Cape to Cairo, continuing its lead in the African cloud revolution.
[Kenya] CBK transfers Khs. 800M from General Reserve Fund to Government Consolidate Fund
The Central Bank of Kenya (CBK) announced that it has transferred to the Government Consolidated Fund Ksh.800 million from CBK’s General Reserve Fund (GRF) as at end FY2017/18.
There are business opportunities in China, South African companies
The South African companies that were exhibiting at the 1st China International Import Expo (CIIE) in Shanghai China last week said that there are business opportunities for South African companies in China.
SGTD implements N4 system in its terminal to boost operations across East Africa
Navis, a provider of operational technologies and services across the shipping supply chain has announced that Société de Gestion du Terminal à Conteneurs de Doraleh has implemented the N4 terminal operating system at its facility.
AfBD, Africa50 to finance Kinshasa - Brazzaville Ink Landmark Bridge Project
On the sidelines of the Africa Investment Forum, the African Development Bank and Africa50 have signed an agreement with the Democratic Republic of Congo and the Republic of Congo to develop and finance the first road-rail bridge project linking their capitals – Kinshasa and Brazzaville.
South Africa’s investment climate is improving, Trade and Industry Minister
The Minister of Trade and Industry, Dr Rob Davies, says foreign investment if targeted and nurtured can drive economic growth and in turn contribute to much needed job creation and economic inclusion for all.
[Column] Sachen Gudka: Why Kenya’s port effectiveness is crucial for growth of industries
It is quite telling that presently, the port of Mombasa is losing a chunk of Rwanda’s business to Dar es Salaam Port.
[Nigeria] ECOWAS Commission restates commitment to strengthening regional customs union
The President of the Commission of the Economic Community of West African States (ECOWAS) Jean-Claude Kassi Brou has restated the commitment of the Commission to strengthening regional Customs union and an infrastructural upgrade that can sustain the renewed integration efforts within the community.
Oracle accelerates digital transformation in South Africa with new innovation hub
Oracle has today announced the opening of an Innovation Hub in Johannesburg, a first for Oracle in Africa that will help drive the adoption of emerging technologies across the country’s corporates, public sector and academia.
Cuban Chamber of Commerce willing to assist SA companies trade with their counterparts
The Cuban Chamber of Commerce has expressed its willingness to assist South African companies and investors who are willing to trade and invest in different sectors of the economy.
[Uganda] AfDB approves Kampala-Jinja Expressway project
The African Development Bank (AfDB) has approved a sovereign loan of US$229.5 million to the Republic of Uganda to finance phase one of the Kampala-Jinja Expressway project.
AMPG eyes development of low cost housing in Nigeria
International real estate investor and developer, Arthur Mackenzy Properties Group (AMPG), is eyeing development opportunities in Nigeria in association with local government bodies and businesses.
[Interview] Raza Hasnani, Head of Infrastructure Investments, Africa50 Fund
The AfDB launched its Room2Run initiative last month which effectively freed up $700m off the bank’s balance sheet. We spoke to Raza Hasnani from Africa50 fund who helped structure the deal.
[Nigeria] MDXI, Asteroid partner to launch West Africa’s carrier-neutral internet exchange
West Africa’s largest data centre provider, MDXI and global IXP platform provider, Asteroid have partnered to launch a carrier-neutral Internet Exchange Point for West Africa.
Intertek to build an IT products’ testing and certification lab in Egypt
Egypt’s ministry of ICT has signed an agreement with Intertek, specialized in inspection, physical tests, and certification.
[Malawi] African Development Bank approves $15m grant for water Supply and sanitation project
The African Development Bank Group has approved a US$15 million grant from the African Development Fund for a water supply and sanitation project in Malawi, expected to provide jobs and boost the livelihoods of nearly 300,000 people.
OFID signs loan agreements of $80 million with Benin, Niger and China
OFID – the OPEC Fund for International Development – has signed public sector loan agreements totaling more than $80 million. The agreements were signed by OFID Director-General Suleiman J Al-Herbish and ministers from the beneficiary countries.
[Kenya] Tatu City Industrial Park records sustained demand for space
The first phase of Tatu Industrial Park is nearly sold out, as demand for high-quality land for manufacturing, logistics and warehousing in the northern growth corridor of Nairobi increases at a record pace.
AU names Raila Odinga High Rep for Infrastructure Development, Africa
The Chairperson of the African Union Commission, Moussa Faki Mahamat, has appointed Raila Odinga of Kenya as High Representative for Infrastructure Development in Africa.
Angola spent $96 billion on infrastructure in 13 years, data
The Angolan Government invested between US $ 99.5 billion and US $ 99.5 billion between 2002 and 2015 in the construction and reconstruction of roads, bridges, railways, airports, ports, dams, power distribution networks electricity.
Why China attracts Africa
The African Agenda 2063 is a well spelt out strategic framework for the socioeconomic transformation of the continent over the next 50 years. China’s President XI Jinping has characterized china’s development agenda in Africa as a win-win deal for its aspirations to become the global trade leader.
Kenya vision 2030, the geopolitics of financing development
Unveiled a decade ago in June 2008, the Kenya Vision 2030, the country’s development blueprint, has steered Eastern Africa’s largest economy to unprecedented heights. But the future of the blueprint is caught in a geo-political mire on three fronts.
Egypt Aviation Ministry finalizes steps to inaugurate Sphinx Airport
Egypt’s Aviation Ministry has begun finalizing the preparations to open the Sphinx Airport, west of Cairo to become the 33rd Egyptian airport.
DP begins construction of Berbera port in Somaliland
Construction work on the development of the multi-purpose Berbera port in the Republic of Somaliland has started with a special ground-breaking ceremony to mark the occasion.
Kenya’s economy poised to rebound in 2018, World Bank
Kenya’s real gross domestic product (GDP) growth is projected to rise to 5.7% in 2018—up from 4.9% in 2017—and continue to increase steadily to 5.8% in 2019, and 6.0% in 2020, according to the World Bank’s 18th Kenya Economic Update (KEU).
Pangea launches $50,000 ShelterTech 2018 accelerator program in Kenya
Habitat for Humanity’s Terwilliger Center for Innovation in Shelter, BDO EA and Pangea have launched the ShelterTech 2018 program in Kenya.
Dangote calls for deepening of African economy through free trade
Aliko Dangote has in London called for conscious efforts at deepening African regional market by African investors and governments to aid rapid growth and development of the Continent’s economy.
SatADSL and Avanti launch commercial Ka-Band broadband in Africa
Commercial Ka-band broadband services in Sub-Saharan Africa have been launched by SatADSL, bringing cost-effective coverage to communities and businesses.
[SA Business Week] Key sectors appointments and a busy air route
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
[Tanzania] DCG, TAZARA seal deal to develop a new dry port
The Dar es Salaam Corridor Group (DCG) and the Tanzania-Zambia Railway Authority (TAZARA) have entered into a partnership agreement for the development of a Dry Port at the terminal end of TAZARA in New Kapiri Mposhi, Zambia.
[South Africa] Paul Ssali appointed to Engineers Without Borders BoD
Paul Ssali from global engineering and infrastructure advisory company Aurecon, was recently appointed to the Engineers Without Borders SA’s Board of Directors.
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