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.
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’s Aviation Ministry has begun finalizing the preparations to open the Sphinx Airport, west of Cairo to become the 33rd Egyptian airport.
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 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).
Habitat for Humanity’s Terwilliger Center for Innovation in Shelter, BDO EA and Pangea have launched the ShelterTech 2018 program in Kenya.
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.
Commercial Ka-band broadband services in Sub-Saharan Africa have been launched by SatADSL, bringing cost-effective coverage to communities and businesses.
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.
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.
Paul Ssali from global engineering and infrastructure advisory company Aurecon, was recently appointed to the Engineers Without Borders SA’s Board of Directors.
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, has announced the signing of Radisson RED Hotel Abidjan Plateau, Ivory Coast.
From the Africa Hotel Investment Forum (AHIF) in Nairobi, Kenya, Marriott International today announced rapid expansion plans across Africa. Strong demand for select-service brands and conversion opportunities are driving the momentum of growth for the company, amplified by five new hotel signings.
The Nigerian Ports Authority (NPA) has entered into an agreement with the Chinese Guangzhou Port Authority to boost the efficiency of port operations in the West African country.
Telecom Egypt announces that its board of directors has approved the acquisition of 50% of its subsidiary Egyptian International Submarine Cable Company at a value of USD 15mn.
The African Development Bank’s Fund for African Private Sector Assistance, has approved a grant of US $1 million to Liberia, to provide technical assistance to its fast-growing wood processing industry.
Global engineering and infrastructure advisory company Aurecon has appointed Blanché Hanstein as the new Office Manager of its Windhoek Office in Namibia.
Marsh has provided a $95 million innovative bank surety solution to Yapı Merkezi Construction and Industry Inc., to support the construction of a new high-speed electric railway line in Tanzania.
Global engineering and infrastructure advisory company Aurecon has appointed Graça Sim-Sim as its Country Manager for Rwanda.
Africa50 shareholders have approved the expansion of the Board of Directors to include at least half independent directors.
On Friday, the pan-African infrastructure investment platform, Africa50, inaugurated its headquarters in Casablanca
Telecommunication company Orange and MainOne Cable Company have signed an agreement allowing for a major investment by Orange in the West Africa submarine cable system, MainOne.
ADvTECH has announced the acquisition of Monash South Africa (MSA), a leading South African private tertiary education institution with students from more than 50 countries.
The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, provides a snapshot of the region’s economic performance. The regions include; East Africa, West, and Central Africa, Franc Zone, Northern Africa, Southern Africa.
The Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of € 100 million to finance various infrastructure projects in African countries.
Comsol Networks, a leading provider of enterprise-grade wireless infrastructure, and Samsung South Africa have lit up Vilakazi Street in Soweto with a live 5G pilot network.
China Mobile International Limited (CMI) has opened a South African office in Johannesburg.
Experts from UN-Habitat, United Nations Economic Commission for Africa, African Union Commission, United Cities and Local Governments of Africa, members of academia, representatives from civil society and local governments met in Nairobi to chart out the process of elaborating a Model Law.
The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, congratulated the Government of Hunan province for its continuous efforts to promote investment in Africa under the Chinese Government’s Belt and Road Initiative.
Angola’s growth prospects are set to rise as the country continues to make strides towards a more positive economic course.
The International Islamic Trade Finance Corporation has announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt, initiating the utilization of the 5th Framework agreement.
China Development Bank has, signed an agreement providing a $500-million facility to the African Export-Import Bank to enable the African trade finance bank support trade enabling infrastructure projects across the continent.
The Federal Government of Somalia and the World Bank have launched the flagship infrastructure project in Somalia.
The Private Infrastructure Development Group Ltd, PIDG, has announced that UK’s Department for International Development (DFID) has approved a further tranche of funding of up to £500m for the four-year period, 2018 to 2021.
In Sub-Saharan Africa, countries with unreliable power cost some companies as much as 31 percent in sales, according to a new study released by the Center for Global Development.
S.Vijay Iyer, Vice President and Chief Operating Officer of the Multilateral Investment Guarantee Agency, MIGA, the political risk insurance arm of the World Bank Group – is set to visit Kenya and Rwanda.
Angolan Railways, the consortium of Andrade Gutierrez and Zagope Angola have signed a contract valued at $169.3 million for the supply of 10 diesel locomotives with a capacity to carry seven thousand passengers.
MainOne has reiterated its commitment to leading the digital transformation efforts of the Francophone region with an initial investment of $20m on cable landing and data centre projects in Cote D’Ivoire within the next 24 months.
OFID, the OPEC Fund for International Development has signed public sector loan agreements totaling to US$37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
MainOne and data centre supplier Minkels – part of the publicly traded company Legrand have announced the second phase of the project.
During German Chancellor Angela Merkel’s visit to Africa, Volkswagen signed two memorandums of understanding with the governments of Ghana and Nigeria.
Kenya’s second National Construction Week at Kenyatta International Convention Centre from 7-9 November 2018, is set to enhance contribution of the construction industry towards the Big Four Agenda.
Avanti Communications, a satellite operator providing Ka-Band satellite data communications services across the UK, Europe, the Middle East and Africa, announces the official launch of its South Africa-based operations as of 29 August 2018.
USTDA’s Director of Congressional and Public Affairs, Thomas R. Hardy, joined President Uhuru Kenyatta of the Republic of Kenya at a round table discussion with U.S. businesses.
OFID, the OPEC Fund for International Development, has signed public sector loan agreements totaling $37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
While the apartment hotel space is relatively new territory in Africa, with only a handful of significant players, great possibilities exist on the continent.
Itanna will roll out four-month innovation programmes for tech-enabled Nigerian startups from its newly built Enterprise Factory in Lagos, with its pilot cohort of startups receiving USD $25,000 each in investment from Honeywell Group.
Multinational German-based transportation company Hapag-Lloyd has continued to focus on the growing market in East Africa.
President Uhuru Kenyatta has witnessed the signing of an MOU between the Ministry of Transport and Infrastructure and the Mediterranean Shipping Company for the revival of the Kenya National Shipping Line.
The 895-km highway corridor linking Kenya and Ethiopia has not only eased cross-border traffic between the two countries, but is a major push for economic integration within Africa.
African countries have showed strong improvements in Infrastructure and Economic Stability over the last decade.
Power utility company Kenya Power has launched new customer service centers dubbed ‘Power Clinics’ to improve service delivery and enhance customer satisfaction.
President Yoweri Museveni has said that a number of Government of Uganda funded contracts worth $2.4bn have been given to Chinese companies especially on roads and recently security cameras worth $120 million.
Liquid Telecom has delivered the first Microsoft ExpressRoute service peering in Africa – offering customers better performance, tighter security and lower latency.
The Overseas Private Investment Corporation (OPIC) has provided a $5 million loan to Tugende Limited, which supports small business lending and expanded transportation in Uganda.
Shell Nigeria Exploration and Production Company Limited (SNEPCO) has donated four ultramodern science laboratories to Eruku Secondary Commercial School in Ekiti Local Government area of Kwara State.
Duduzile Mkhwanazi is the Chief Executive Officer of South African non-profit organization, Project Isizwe, an organization dedicated to bringing internet access to the populace.
Nigeria, Africa's most populous nation, will be the first on the continent to receive Google's free public Wi-Fi service, the company has announced.
Energy Recovery, Inc. a company involved in pressure energy technology for industrial fluid flows, has announced a $3.3 million award to supply its PX® Pressure Exchanger® for a water project in Egypt.
Sappi Limited, a leading global producer of dissolving wood pulp headquartered in South Africa, has provided further details regarding capital investments at its Saiccor Mill in Umkomaas,
Global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako.
Kenya’s President Uhuru Kenyatta has issued a directive freezing all new government projects until those that are ongoing are completed.
The Econet Group and Telecom Egypt have signed a memorandum of understanding that will enable Econet’s Liquid Telecom unit to complete a terrestrial fibre optic network stretching all the way from Cape Town in South Africa to Cairo.
Open Source technology and services specialist Obsidian Systems is proud to announce that it has become an official HashiCorp partner and will provide the South African market with access to next generation data centre management solutions.
While corporate connectivity will provide the foundations of a growing economy, the provision of technology solutions within the SME sector will ensure Zimbabwe’s growth path is as inclusive and wide-ranging as possible.
As Kenya aims for mid- level economic status it has set targets it hopes will propel it to this dream.
Polar Power, Inc., a global provider of prime, backup and solar hybrid DC power solutions, has entered the wireless infrastructure market in Namibia.
Community Internet service provider, poa! internet on Thursday launched Kenya’s first village home Internet service. The internet provider is offering unlimited Wi-Fi into homes around Ting’ang’a, Kiambu County.
Liquid Telecom and Telecom Egypt have announced the signing of a Memorandum of Understanding that will enable Liquid Telecom to shortly complete Africa’s terrestrial fibre network stretching all the way from Cape Town, South Africa, to Cairo, Egypt.
The Africa Infrastructure Fellowship Program (AIFP)-a joint initiative between the Global Infrastructure Hub (a G20 initiative), private investment firm Meridiam, and the World Economic Forum (WEF)-has been formally announced.
In line with its Economic Recovery and Growth Plan, the Buhari administration would be actively supporting Google's Next Billion users plan intended to ensure greater digital access in Nigeria and around the world.
Yahsat plans to launch YahClick this year in five new markets in West Africa. The service will be available in Senegal and Gambia through service partner Arc Telecom, in Ivory Coast through CEE-NET, Isocel in The Benin, and through both Teledata and Comsys in Ghana.
In its largest infrastructure build project to date, African neutral data centre provider has announced that it will be expanding the Teraco Isando Campus (JB1).
Tshimologong Digital Innovation Precinct, founded by Wits University has today launched a Digital Content Hub, an incubator of innovative and creative audio-visual content, in partnership with Agence Française de Développement and the French Institute of South Africa.
African Infrastructure Investment Managers today announces its acquisition of a 50% stake in Société d’Exploitation et de Gestion Aéroportuaires, a holding company with an established portfolio of airport investments across West and Central Africa.
DP World is considering setting up a logistics facility in landlocked Ethiopia to handle goods from a port it is developing in the semi-autonomous region of Somaliland, according to United Arab Emirates state news agency, WAM.
MainOne’s Data Centre subsidiary, MDXI has just received its Tier III Constructed Facility certification (TCCF) from the Uptime Institute.
NEC XON is creating three new Cyber Defence Operations Centres (CDOC), one in Nigeria, another in Senegal, and the third in Mauritius in addition to the existing facilities in South Africa.
As one of East Africa’s big brothers in economic growth and development, Kenya has this week continued to attract praise and investment with its landmark investments delivering impressive payoffs.
The Great Yellow Brick Co is bringing South Africa’s first LEGO® Certified Store to Sandton City on 28 July 2018 following a multi-million-rand investment and exclusive deal with The LEGO Group.
I contend that the educational system in Africa is ripe for reform, both in terms of the physical infrastructure by means of which educational content is delivered and in terms of the ways in which education is theorised and spoken about.
Bolloré Transport & Logistics, SETRAG and four forestry and timber companies in Gabon have partnered in a project that seeks to reduce intermediaries in the transportation of raw material at the port of Owendo.
The World Bank announced today US$130 million in additional support for decentralization in Tunisia, which is putting local governments in charge of addressing the development needs of their communities.
Experts from Africa’s rail sector have gathered in Johannesburg to discuss rail transport and how it can be developed to support the grand design for growth on the continent.
Conakry Terminal, a subsidiary of Bolloré Ports has received four new container gantry cranes at the Port Autonome de Conakry container Terminal.
On 22 February, the Republic of Djibouti terminated the DCT (Doraleh Container Terminal) concession, in which DP World is a shareholder and operator.
Kenya this week continues to strategically place itself to benefit from regional integration and reap from its warm relationship with development partners and international investors.
Cabo Verde Telecom and EllaLink have announces the signature of a binding Memorandum of Understanding to deliver subsea fibre connectivity to Cabo Verde.
The forming and maintaining of strategic, mutually beneficial partnerships is pertinent to the development of any economy, especially a growing one like Nigeria.
The African Development Bank approved a US $15-million senior loan to GHL Bank PLC, which focuses on mortgage finance, to enhance its mortgage loan portfolio and help develop an effective affordable mortgage finance sector in Ghana.
IFC, a member of the World Bank Group, and BIX Capital B.V, a Netherlands-based impact investment company, have joined forces to provide working capital financing to manufacturers and distributors of climate-smart household appliances.
Kenya Ports Authority’s (KPA) equipment acquisition efforts for the Port of Mombasa has received a major boost following the arrival of four eco hoppers.
The European Union, Germany and indigenous renewable energy firm, Green Village Electricity Project have completed and activated two solar mini grid plants with the collective capacity to generate 100 kilowatts of clean electricity to power two communities.
Kanoo Shipping, one of the largest regional shipping agencies in the Middle East has announced an agreement to acquire Wallem South Africa, a provider of integrated maritime solutions in the cities of Durban and Cape Town.
Hong Kong based logistics provider Kerry Logistics Network Limited has acquired Shipping and Airfreight Services Limited, S.A.S., a well-established freight forwarding and logistics company based in Johannesburg, South Africa.
The African Development Bank has participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund.
The African Export-Import Bank is arranging up to $2 billion in financing support to Angola, Bank President Dr. Benedict Oramah has said.
Afreximbank partners FCSSC, MIAI for $1b fund to support industrialization, boost Africa-South cooperation
The African Export-Import Bank, the Finance Center for South-South Cooperation and the Made-in-Africa Initiative announce a joint effort to mobilise $1bn in equity fund to channel foreign direct investment from developing (South) economies.
TradeMark East Africa and the Government of Uganda have signed a Host Country Agreement (HCA) extending their partnership to 2023.
Global logistics provider Agility has leased warehouse space in the Agility Warehouse Park in Ghana to Cummins for a new West African Distribution Center.