The African Infrastructure Investment Managers (AIIM), along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF), have agreed to acquire 25.8% interest in MetroFibre Networx.
The World Bank updated its approach to help strengthen regional integration in Africa. This reinforces the institution’s support to help the continent recover from the COVID-19 pandemic and realize its economic transformation through 2021-2023.
The World Economic Forum WEF), in partnership with the Government of Ghana, is launching the first Country Financing Roadmap (CFR) for SDGs initiative in Africa.
Andrew Thomas is joining ASAFO & CO. London along with Winston Bell-Gam from Holman Fenwick Willan (HFW) with practice focuses on project finance with a particular emphasis on the power, pipeline, infrastructure, healthcare and transportation sectors.
Trans-Caledon Tunnel Authority (TCTA), and the Development Bank of Southern Africa (DBSA), announced the conclusion of two loan facility agreements totaling R5.5 billion for the implementation of Phase II of the Lesotho Highlands Water Project.
Gridworks, AEE Power and Eranove sign concession agreements with DRC on $100m solar-hybrid power project
A consortium led by Gridworks including Eranove and AEE Power, signed three concession agreements with the Ministry of Hydraulic Resources and Electricity of the Democratic Republic of Congo (DRC).
The World Bank approved $200 million financing to expand access to high-speed and affordable internet, improve efficiency of digitally enabled public service delivery, and strengthen digital inclusion in Uganda.
Decklar Resources announced that the company continues to make considerable progress on Nigeria's Oza-1 well re-entry with the camp and all associated infrastructure fully installed and operational.
The ECOWAS Bank for Investment and Development (EBID) has granted a $50 million facility to the Consolidated Bank Ghana (CBG), to support Ghana’s road infrastructure development.
In a sign of robust global investor interest in the continent, Africa Finance Corporation (AFC), a multilateral development financial institution dedicated to infrastructure financing in Africa, successfully issued a Eurobond at its lowest yield to date.
Beyond its environmental components, addressing climate change is about economic competitiveness and opportunity.
The Development Bank of Southern Africa (DBSA), launched the second edition of the DBSA Youth Challenge, a competition aimed at harnessing innovative solutions from young people in South Africa to help address infrastructure challenges.
In support of the Marcelle Ruth Cancer Centre & Specialist Hospital, the country’s first fully-equipped private oncology centre, GE Healthcare has completed the delivery and installation of advanced radiology and radio pharmacy equipment in Nigeria.
The Land Administration Information System (LAIS) by the Rwanda Land Management and Use Authority’s (RLMUA) is transforming the way the country manages, develops, and maps its land by using technology and improves the current process of titling and certification of land throughout the country.
Team Europe backs new Guinea-Mali power line with €330m financing to provide clean, affordable energy in West Africa
Team Europe is backing the new Guinea-Mali 225 kV power line with €330 million financing to provide clean and affordable energy to millions in West Africa.
The World Bank approved $380 million in financing to support Malawi and Mozambique increase regional trade coordination, reduce trade costs and time, develop regional value chains, and improve access to infrastructure.
When completed the Assa North Gas project will produce 600 million standard cubic feet of gas per day from its upstream facilities.
The report notes that the ability of African cities to emerge resilient from the pandemic will depend on their ability to innovate, providing long term social solutions to their residents, attracting funding and generating new demand for space.
The World Bank approved a $500 million International Development Association (IDA) credit to support Ethiopia’s goal of achieving universal electricity access by 2025.
The African Development Bank (AfDB), approved a loan of €145 million to finance reliability and performance upgrades to the country’s rail system under the Egypt National Railways Modernization Project (ENRMP).
The economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020, and prospects for recovery are strengthening amid actions to contain new waves of the pandemic.
At the end of 2021, the French Cegelec will deliver a 105 km transmission line to electrify 150 villages which will boost the economic development of the region after the completion of the Lom Pangar dam power plant and transport infrastructure.
63 infrastructure projects developed in SADC region under Programme for Infrastructure Development in Africa plan
A total of 63 regional infrastructure projects have been developed in the Southern African Development Community (SADC) region.
Accessible, reliable, affordable, and sustainable electricity will underpin more inclusive, economic and sustainable industrialization across the continent.
Two significant gas projects that are poised to take final investment decisions (FID) in Morocco this year could add 70mmcfd of natural gas to the country’s energy mix in the next five years
On the national territory, infrastructure construction of the Benin-Niger pipeline will create thousands of jobs which will make it effective in the next few weeks.
The African Development Bank and the Government of Uganda has signed a $229.5 million financing agreement for the first phase of the Kampala-Jinja Expressway Project, which will cut travel time and boost trade along an important artery linking Uganda with its neighbors.
The Eastern and Southern African Trade and Development Bank (TDB) and Asoko Insight announced the launch of the TDB Renewable Energy DealRoom, to accelerate the financing of renewable energy projects in the region served by TDB.
First gas has been delivered through this pipeline to Rite Foods Limited, the manufacturer of Bigi Drinks, Rite and Bigi Sausages, and Fearless Energy Drinks.
Liquid Telecom rebrands to Liquid Intelligent Technologies, expands to a consolidated technology group
Liquid Intelligent Technologies, a pan-African technology group, announced the culmination of its extensive business transformation from being a telecommunications and digital services provider to a full one-stop-shop technology group.
AfDB approves $2.33m grant to support modernization of electronic payments infrastructure in Ethiopia
The African Development Bank (AfDB) approved a grant of $2.33 million to EthSwitch Share Company, an initiative led by National Bank of Ethiopia, for the modernization of its payments infrastructure.
IBM, EGYPTAIR Tourism and Duty Free Co. announced a new agreement in which the airline will leverage IBM Cloud to scale and modernize EGYPTAIR Duty Free back-end operations and host its SAP Travel Retail System.
The African Development Bank (AfDB) has finalized the purchase of 26 modular steel bridges to replace infrastructure that was destroyed in weather disasters in Mozambique.
The World Bank approved a $440 million loan to support Egypt’s initiatives to enhance the safety and service quality of the country’s railways.
InfraCo Africa invests in Acorn Holding’s $10m REIT for affordable student accommodation in Nairobi, Kenya
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has subscribed to the Acorn Holdings Real Estate Investment Trust (REIT) committing to support the delivery of affordable student accommodation in Nairobi.
IFC invested in a bond issued by a subsidiary of Liquid Telecommunications Holdings, which will allow the telecoms and technology solutions company to expand access to broadband Internet and digital and cloud services across Africa.
Deutsche Bank announced the closing of two lending facilities with the Republic of Ghana. The €150 million financing agreements, guaranteed by the Italian Export Credit Agency SACE, will fund the construction and equipment of two infrastructure projects.
The World Bank approved $250 million to improve the operational performance of the electricity sector utilities and increase electricity access in selected cities of Angola.
The OPEC Fund for International Development (the OPEC Fund) signed a $50 million loan with Tanzania to finance the Fourth Tanzania Poverty Reduction Project.
IFC is expanding the scope of its support to subnational entities in Morocco through a new partnership with the Wilaya of the Region of Marrakech-Safi and the Regional Investment Center, to attract more investment and improve the business environment.
IFC released its new Social Bond Impact Report, showing cumulative volume raised from the program more than doubled in FY2020, bringing the total to over $3 billion since the program's founding.
The European Bank for Reconstruction and Development (EBRD) is supporting the construction of a dry port and logistics centre in 10th of Ramadan City, Egypt, with a €1 million contribution to project preparation and procurement.
The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery.
The Nairobi Securities Exchange (NSE) announced it successfully transitioned to a new state of the art broker connectivity solution powered by Safaricom as the technology partner.
The African Development Bank (AfDB) is financing the construction of the second phase of the Public Health Emergency Operations Center (PHEOC) in Juba, South Sudan.
An agreement has just been signed between the French Development Agency (AFD), the European Union (EU) and the General Confederation of Businesses in Ivory Coast (CGECI).
New economic analysis for Malawi calls for efficient public investment management to improve service delivery in water and energy
Malawi faces an infrastructure investment gap in the energy and water and sanitation sectors of approximately $332 million per year due to limited fiscal space combined with weak public investment management and inefficient State Owned Enterprises.
In spite of the particularly challenging international economic situation arising from the health crisis, the Republic of Djibouti has entered the year 2021 with determination.
A European cybersecurity firm, Asseco Group, and the government of Togo established a Computer Emergency Response Team (CERT-TG) whose mission is to protect the Togolese cyberspace.
The JSE listed specialist logistics property fund, Equites, announced it has sold two high-quality UK distribution warehouses to real estate funds managed by Blackstone for £43.4 million.
CDC Group, the UK’s impact investor and development finance institution (DFI), announced a commitment to invest over $1 billion again in African businesses in 2021.
InfraCo Africa, Global Logistics Services to commence construction on Liberia Inland Storage Facility project
InfraCo Africa and Global Logistics Services have signed an Engineering, Procurement and Construction contract with Liberian contractor, BMC Group, to enable construction to commence on the Liberia Inland Storage Facility project.
The National Authority for Tunnels, a governmental authority under the jurisdiction of the Ministry of Transport of Egypt, and Siemens Mobility signed an MoU to design, install and commission Egypt’s first ever high-speed rail transportation system.
Tatu City will collaborate with Konza Technopolis to attract investors to Kenya, Rendeavour’s Executive Vice President Preston Mendenhall and KoTDA’s CEO Eng John Tanui have jointly announced.
Acrow, an international bridge engineering and supply company, announced it has provided 26 modular steel bridges to the National Road Administration of Mozambique, to restore vital transportation routes damaged by cyclones in 2019.
Reconstruction of road and rail links in the Madagascan capital Antananarivo will be accelerated following the disbursement of €16.4 million by the European Investment Bank.
The U.S.Trade and Development Agency (USTDA) signed a Memorandum of Understanding with The Eastern and Southern African Trade and Development Bank (TDB) to bring high-quality infrastructure solutions to sub-Saharan Africa.
Reganosa awarded contract to operate sub-Saharan Africa's first offshore LNG receiving terminal in Ghana
Reganosa has been awarded the contract to operate and maintain a liquefied natural gas (LNG) regasification terminal in Tema, Ghana.
BUA Cement signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3million tonnes each per annum in Edo, Sokoto and Adamawa states of Nigeria to be completed by the end of 2022.
IFC signed $30 million financing agreement to support Morocco’s Fes-Meknès region expand and upgrade its rural road network, reducing regional inequalities and helping people in remote communities access jobs and social services.
African Infrastructure Investment Managers (AIIM), Africa infrastructure-focused private equity fund managers, has successfully completed a capital increase of $80 million for its flagship pan-African infrastructure fund, AIIF3.
The World Bank approved a $100 million grant from the International Development Association (IDA) in support of Maputo Urban Transformation Project.
Africa calls for international taxation systems reforms as it forges a common position on digital taxation
In Africa, the renewed focus to raise additional financing for development and narrow the resource gap by accelerating Domestic Resource Mobilisation (DRM), has been at the center of the development strategy in recent years.
The African Development Fund (ADF) approved a loan of $71.5 million to pave sections of two roads in southwestern Uganda, a project expected to boost livelihoods, school attendance and rural connectivity.
The African Development Bank is achieving satisfactory results in Madagascar, according to the mid-term report of the Country Strategy Paper (CSP) for the period 2017-2021 and the performance review of the 2019 country portfolio.
A series of contracts in Kenya, South Africa, Madagascar and Benin, among others, highlight Ericsson’s growing footprint in Sub-Saharan Africa as communications service providers move to strengthen their networks.
African Infrastructure Investment Managers (AIIM), Africa’s infrastructure-focused private equity fund managers, has acquired a minority equity stake in MetroFibre Networx, a South African open access fibre network operator.
IFC, a member of the World Bank Group, has signed its first formal agreements with the Federal Government of Somalia to support the country's goal to strengthen its private sector, attract investment, improve public services, and create jobs.
The OPEC Fund for International Development (the OPEC Fund) has signed a $20 million public sector loan agreement with Senegal to co-finance a project that will boost food security.
Africa Logistics Properties (ALP) has launched $6 million warehousing facility for small businesses in Kenya.
Raxio Group has officially secured land at the ICT Park, in the outskirts of Addis Ababa, through its fully-owned subsidiary, Raxio Ethiopia, to construct country’s first private uptime certified Tier III colocation data centre.
Telecom Egypt, Egypt’s integrated telecom operator and subsea cables operators in the region is building Egypt's largest international data center facility.
[Senegal] PIDG supports local currency bond issue as port of Dakar moves to new enterprise zone location
Private Infrastructure Development Group (PIDG), the Emerging Africa Infrastructure Fund (EAIF) invested $15 million in a local currency capital market bond issue by Senegal’s Port Autonome de Dakar (PAD), owner of the Port of Dakar.
The USTDA issued a call for initial proposals to expand its grant-based support for feasibility studies, technical assistance and pilot projects that advance the U.S. government’s Prosper Africa and Power Africa initiatives.
Bollore Transport & Logistics handles 900 tonnes of equipment for Côte d'Ivoire thermal power station
Bollore Transport & Logistics Cote d'Ivoire unloaded 900 tonnes of equipment, including a turbine, an electric generator and various other materials, in the Yopougon municipality of Abidjan.
Pan-African infrastructure financier, Harith General Partners has announced at its Annual Investors' Feedback meeting that Mr Sipho Makhubela has been appointed as its Chief Executive Officer.
LyondellBasell and Sasol announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol’s 1.5 MM ton ethane cracker.
The World Bank approved a $140 million credit from the International Development Association (IDA) Scale Up Facility and a $3 million grant from the Global Financing Facility to strengthen Madagacsar's identity management system.
The U.S. Trade and Development Agency (USTDA) expanded its support for Mozambique’s energy sector by funding two projects that will help deliver electricity to thousands of households through wind power and energy storage technology.
The OPEC Fund for International Development (the OPEC Fund) signed a $20 million term loan in favor of East African Development Bank, to support SMEs and infrastructure projects in East Africa.
Rack Centre, carrier neutral data centre operator in West Africa, announced an expansion programme that will increase capacity to a total net lettable white space of 6000 square metres and allow for 13MW of IT power capacity in its Lagos campus.
Ghanaians have waded into the debate on which presidential candidate performed better in infrastructural development via the the second wave of the Ghana Election Poll which ran online from July 1 to August 1, 2020.
Vertiv introduces monitoring solution to deliver new capabilities to small and medium-sized edge data centres
Vertiv introduced Vertiv™ Environet™ Alert, a new software offering that brings enterprise-level infrastructure monitoring and management capabilities to smaller data centres and edge facilities.
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.
The U.S. International Development Finance Corporation (DFC) approved investments this quarter totaling more than $2.5 billion across nine projects that will advance development in Africa, Latin America, and emerging markets across the globe.
The World Bank approved a grant of $130.8 million from IDA to ease the movement of goods and people and improve access to social services and job opportunities in the refugee hosting districts in the West Nile sub-region of Uganda.
The World Bank approved $750 million financing to improve the movement of people and goods, digital connectivity and access to social services for over 3.2 million people living in Kenya's North Eastern region
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 U.S. Trade and Development Agency (USTDA) announced grant funding for a feasibility study to develop Senegal’s first major domestic onshore gas pipeline.
The European Bank for Reconstruction and Development (EBRD) is supporting the delivery of vital infrastructure services in Morocco with a €300 million financing package to state-owned utility and transport companies.
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.