The Global Center on Adaptation (GCA) Africa announced the launch of its regional office in Côte d’Ivoire. Hosted by the African Development Bank at its headquarters in the Ivorian capital Abidjan, GCA Africa will work with partners across the continent.
The U.S. Trade and Development Agency (USTDA) awarded a grant to Senegal’s national utility - Société Nationale d’Electricité (Senelec) for training that will help bring power to 440,000 people in rural communities using American technology.
BUA Group signed an agreement with Axens of France for the supply of process technologies for its upcoming 10million tonnes per annum mega refinery and petrochemicals facility to be sited in Akwa-ibom, Nigeria.
The Eastern and Southern African Trade and Development Bank (TDB) and Agence Française de Développement (AFD) signed a $150 million credit line agreement aimed at financing climate infrastructure projects in Africa.
The Federal Government of Nigeria commenced feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which would cater for the maintenance and repair services of cargo vessels, oil tankers, and LNG carriers.
IFC announced a loan to the West Indian Ocean Cable Company (WIOCC) to help the telecoms infrastructure provider expand and improve affordable internet connectivity as it continues to serve over 30 countries in Africa.
The Development Bank of Southern Africa, the National Treasury, and the Department of Public Works and Infrastructure signed a Memorandum of Agreement in respect of the DBSA’s mandate to establish and manage the Infrastructure Fund.
Bechtel has completed its decade-long master planning and construction partnership with the Government of Gabon, together creating a roadmap to prosperity.
COVID -19 has altered industries across the globe highlighting just how dependant the world is on data, with the Global Data Center Security Solutions Market expected to grow by $5 billion during 2020-2024.
The Global Road Safety Facility (GRSF) and the United Nations Road Safety Fund (UNRSF) will jointly support a comprehensive evaluation of the first global deployment of the Ten Step Plan for Safer Road Infrastructure in Tanzania.
The World Bank approved a $150 million International Development Association credit to improve tenure security and access to basic services for 1.7 million residents living in selected Kenya’s urban informal settlements.
African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments and Africa’s most experienced infrastructure manager, has appointed two joint-managing directors.
F5 Networks has launched a new Silverline Cloud Platform Point of Presence (PoP) that will significantly boost Managed Security Services capabilities for African businesses.
The World Bank approved a $45 million International Development Association (IDA) grant for South Sudan to continue to improve access to basic infrastructure and strengthen community institutions.
Lagos based Netcom Africa has solidified its footprint in Nigeria’s tech market with the deployment of IT Infrastructure Optimization services targeting corporate Nigerian corporate where high-end tech services are steadily on the rise.
The Development Bank of Southern Africa (DBSA) announced the financing of a R3 billion loan to City of Johannesburg (COJ) and R1.5 billion to City of Tshwane (COT).
Tizeti, West Africa’s pioneer solar-based internet service provider announced the successful upgrade of its core network infrastructure capacity to 100Gbps, in line with its focus on accelerating access to affordable broadband connectivity.
The USTDA has awarded a grant to Nigerian natural gas supply company Green Liquified Natural Gas to support Nigeria’s increased utilization of natural gas for power generation, local industry and additional economic growth.
DB Schenker has invested in the construction and operation of Egypt’s first dry port, in association with the partners 3A International and Elsewedy. It is expected to open in 2022.
Without a doubt, Africa is one of the world’s fastest-growing economic hubs. Crucial to this rate of development is the ability to meet the demand for key infrastructure.
Cold Solutions, a temperature-controlled warehouse and logistics service provider, has announced that it will invest $70 million to construct state-of-the-art, temperature-controlled cold storage warehouses in Kenya.
The Nigerian Communications Commission (NCC) has created a Digital Economy Department principally responsible for implementing programmes and policies aimed at fully supporting and promoting the national digital economy agenda.
The World Bank approved a $100 million International Development Association which includes $50 million credit and $50 million grant to help Niger implement an ambitious program to use digital infrastructure.
The OPEC Fund for International Development (the OPEC Fund) signed a $20 million loan agreement with the Republic of Mali to finance a road project that will improve links to economic centers and social amenities.
World Bank approves $425m financing to support infrastructure development in Eastern and Southern Africa
The World Bank approved $425 million in International Development Association financing to support infrastructure development in Eastern and Southern Africa through the Trade and Development Bank and COMESA Secretariat.
The World Bank Board of Directors has approved $425 million financing to support the provision of infrastructure finance in Eastern and Southern Africa.
Five years into the African Development Bank’s ambitious New Deal on Energy for Africa, the Bank’s investments are set to provide electricity access to around 13 million people.
The World Bank approved a total amount of $425 million in International Development Association (IDA) financing to support the provision of infrastructure finance in Eastern and Southern Africa.
As a sign of its strong commitment to Africa, the World Bank’s Sub-Saharan Africa Regional portfolio will now be managed by two Vice Presidents, covering Western and Central and Eastern and Southern Africa, respectively.
Africa infrastructure solutions provider Africa Finance Corporation, AFC, has announced the successful issuance of a $700 Million Reg S Eurobond, maturing 16 June 2025.
The African Development Bank has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study into a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.
The Development Bank of Southern Africa and the Council for Scientific and Industrial Research are set to work together to develop technologies and infrastructure to support socio-economic development in South Africa.
The African Development Bank has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019 edition, and incorporates emerging developmental realities and opportunities.
With the recent ‘AfricaConnect’ €400 million initiative under DEG’s management, the German Development Ministry is looking to increase private sector investments and cooperation with the African continent.
The World Bank approved two new projects totaling $25 million in credit from the International Development Association (IDA), to help Djibouti address vulnerability, foster inclusive economic growth and improve service delivery.
The World Bank approved two operations totaling $346 million in IDA financing to help strengthen resilience and livelihoods in the Lake Chad region, which is shared among Cameroon, Chad, Niger and Nigeria.
Asia-Africa-Europe-1 Consortium deploys Infinera to double capacity on intercontinental cable system
Infinera announced that Asia-Africa-Europe-1 Consortium (AAE-1) has completed a significant upgrade with Infinera to boost capacity on its subsea network connecting East Asia to Europe via Egypt.
Africa Regional Integration Index calls on continent to build more resilient economies through integration
The second Africa Regional Integration Index (ARII 2019) was launched by the Economic Commission for Africa (ECA), the AfDB and the African Union Commission, with a call to action to African economies to deepen their integration.
Borderlands across the Horn of Africa are isolated, poor, and insecure, yet they hold real economic potential driven by a wealth of natural resources and some of the world’s most rapidly growing economies.
The World Bank approved a $30 million development policy grant to support The Gambia’s efforts to improve debt and public investment management, improve financial viability and service delivery in the energy and telecom sectors.
African Development Bank donates $1.67 million for preparatory study of dams construction in Eswatini
The African Development Bank approved a donation of 1.67 million US dollars (1.2 million Units of Account) for the realization of a study on the Mkondvo-Ngwavuma Water Resources Development Program in Eswatini.
The African Development Bank has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river.
LogicMonitor, the leading cloud-based IT infrastructure monitoring and intelligence platform for enterprise IT and Managed Service Providers announced the global expansion of its LogicMonitor Partner Network.
The African Development Bank Group announced the debarment of Sinotec Company Limited, an energy solutions company registered in China, for fraudulent practices in East Africa.
The African Development Bank approved an additional funding of € 12.33 million in favor of the ECOWAS Commission to cover part of the costs related to the study of the Abidjan – Lagos motorway corridor development project.
About 1.5 million more South Africans will from 1 May return to work as government begins to lift a fraction of COVID-19 lockdown regulations.
The World Bank approved total financing of $148.2 million to enable Uganda to improve sustainable management of forests and protected areas and increase benefits to forest-dependent communities.
Africa Finance Corporation, AFC, the infrastructure solutions provider in Africa, has announced the appointment of Dr. Kinglsey Obiora as its new Chairman.
Road and air transport have borne the brunt of the Coronavirus impact as countries put stringent measures to stop the spread of the pandemic.
The South Africa-China Economic and Trade Association (SACETA) and Africa Oil & Power (AOP) have entered a new partnership that will introduce Chinese technology, finance and know-how to a range of African projects.
The OPEC Fund for International Development has approved more than US$390 million of new funding to support operations in developing countries across the globe.
EAIF has been appointed joint mandated lead arranger (JMDA) of the US$30 million debt finance package being raised by Tembo Power to build the Kaptis hydro-electric power plant in Western Kenya.
AfDB rebuts claims that it plans to provide financial support to East African Crude Oil Pipeline Project
The African Development Bank (AfDB) has refuted claims that it plans to provide financial support to the East African Crude Oil Pipeline Project.
The African Development Bank approved a $10-million equity investment in Razorite Healthcare Africa Fund 1 to help improve healthcare infrastructure delivery across the continent.
IDC to explore the rise of multi-cloud in Africa as COVID-19 pandemic proves the case for business agility
By 2022, over 90% of enterprises worldwide will be relying on a mix of on-premises/dedicated private clouds, multiple public clouds, and legacy platforms to meet their infrastructure needs, according to the latest forecast from IDC.
The Government of Mozambique and the African Development Bank have signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road.
The World Bank approved three grants for a total of $133 million from IDA to help improve access to basic infrastructure and services for poor and vulnerable communities.
The Government of Mozambique and the African Development Bank signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road to facilitate trade and promote social inclusion of local communities.
The Emerging Africa Infrastructure Fund (EAIF) became the 34th development finance institution to join IFC’s Master Cooperation Agreement to collaborate on expanding private sector investments in African and Middle East infrastructure.
An economic diversification project supported by the Africa Development Bank was launched in Botswana to strengthen the small stock, tourism and horticulture industries by improving businesses linkages particularly among SMEs.
The African Development Bank presented the results of a study on the business environment in Benin.
Sierra Leone to count on AfDB to help build resilient economy, restore self-sufficiency in rice production
Sierra Leone will look to the African Development Bank (AfDB) to stimulate agribusiness development in the country with a focus on rice production.
The African Development Bank (AfDB) and the government of Mali signed a financing agreement for the construction of the Bourem-Kidal road, 285.83 km long and nicknamed "national unity road".
The President of the Republic of Ghana said his government is investing heavily in the provision of educational infrastructure in senior high schools across the country, particularly in those running the double track system.
The World Bank approved two grants for a total of $160 million from the International Development Association to help improve essential services through solar power and local development in rural and remote areas of Burundi.
The Transmission Company of Nigeria (TCN) signed an MoU with the Government of Ekiti State on the construction of the Ado Ekiti – Ilupeju and Ado Ekiti – Ijesha Ishu 132/33kV Transmission line.
The first Public Private Partnership (PPP) project to generate renewable energy from shared resources in Africa came closer to reality following signature of a key agreement to enable preparatory works to commence.
The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a $ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway.
Accor, a leading augmented hospitality group, is expanding its presence in Ethiopia after signing a management agreement to open a new property under its design-led economy brand, Ibis Styles.
The Government of the Democratic Republic of the Congo and General Electric have announced signing of an MoU in infrastructure projects enabling the increase in the supply of electric energy and health modernization programs.
The EIB has signed a EUR 1.2 million Technical Assistance agreement with the Egyptian National Authority for Tunnels to conduct a Feasibility Study for the rehabilitation of Cairo Metro Line 2.
The EIB and the Egyptian Ministry of International Cooperation have signed an agreement to provide up to EUR 1.5 million for a Feasibility Study for the Tanta-El Mansoura-Damietta Rail project.
Leaving no place behind within the MENA is critical for economic growth, social inclusion, World Bank
Where someone is born in the Middle East and North Africa (MENA) should not determine their ability to succeed in life, according to a new World Bank report.
The current housing deficit in the Middle Income Housing (MIH) segment is expected to decrease this year according to a new report released by research firm Sagaci.
The U.S. government, the Bailiwick of Jersey and the Government of the Federal Republic of Nigeria signed an agreement to return more than $308 million to the Nigerian people.
[South Africa] Parliament calls for acceleration of implementation of Broadcasting Digital Migration
The Portfolio Committee on Communications has raised a concern regarding the slow pace in the implementation of the Broadcasting Digital Migration (BDM) policy by the Department of Communications.
The African Development Fund (ADF) has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia.
The construction of the Inlanganisela Yabomake Trade Hub in Manzini, of the Kingdom of Eswatini has reached an advanced stage with over 70% of works being completed.
After a year when two severe cyclones contributed to a setback in growth, Mozambique looks ahead having made significant progress in maintaining economic stability and strengthening its external buffers.
Gabon Special Economic Zone has gone through a reorganisation that has resulted in the creation of three separate verticals.
InterContinental Hotels Group has signed voco™ The Bank, Rosebank in South Africa in partnership with Valor Hospitality Partners Africa.
The United Kingdom has reaffirmed its commitment to Africa’s economic transformation.
Kenya’s roads and railways network is accelerating growth in the logistics sector, which is estimated to hit $5 billion (Sh500 billion) by 2023.
The European Commission (EU) signed four guarantee agreements worth €216 million that will help unlock €2 billion to invest in renewables, urban infrastructure and start-ups in Africa and the Neighbourhood.
TradeMark East Africa (TMEA) and the Mombasa County Government have inked a $2.7 million financing deal towards construction of the Mbaraki-Nyerere Road.
Kenya presents a USD40 billion opportunity for the private sector to invest in sustainable development, says Standard Chartered
Opportunity2030 study reveals the almost USD10 trillion private-sector investment opportunity in contributing to the UN Sustainable Development Goals (SDGs) in emerging markets.
The Republic of Namibia has become the eighth country to ratify the Tripartite Free Trade Area (TFTA) Agreement moving the region closer to having a fully operational Agreement this year.
Through a USD 10 million commitment to Metier Sustainable Capital International Fund II, Proparco has pledged its continuous support of renewable energy, resource efficiency and energy efficiency projects in Africa.
The International Trade Secretary announced at the UK-Africa Investment Summit that UK Export Finance (UKEF) has provided financing worth £620 million to support UK exports to Ghana, Zambia, Gabon and Uganda.
The UK is partnering with five African countries to mobilise private sector investment in quality, environmentally-friendly infrastructure projects, International Development Secretary Alok Sharma announces.
Eni announces the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters.
The Government of Ghana received, as part of Germany’s Compact with Africa programme, €250 million from the Government of the Federal Republic of Germany to upgrade and expand the country’s electricity transmission infrastructure.
Standard Bank, Africa’s largest banking group by assets, is partnering with the UK Government to sponsor the inaugural UK-Africa Investment Summit, to be held in London on 20 January 2020.
The African Development Bank (AfDB), United Nations (UN) and the World Bank Group launched the Zimbabwe 2019 Joint Needs Assessment Report.
The International Development Secretary pledged new UK aid support to build the African cities of the future, so the continent can continue to thrive and reach its economic potential.
The AfDB has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa.
American Tower aquires Eaton Towers, enters agreement to acquire JV stakes in Ghana, Uganda from MTN
American Tower Corporation has announced that it has closed its previously announced acquisition of Eaton Towers Holdings, adding approximately 5,700 communications sites to its African portfolio.
Hilton will once again be welcoming guests to the Tunisian capital city of Tunis from after a landmark deal was signed with the Groupe Alliance.
Over three million people from Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s (AfDB) board.
During the World Youth Forum, the Director General of UNIDO met with President of the Arab Republic of Egypt to discuss the UNIDO flagship project in Egypt, the Programme for Country Partnership (PCP).