Infrastructure finance

Financiers bid to handle Nigeria power privatisation

Wednesday, 01 September 2010 14:40

Nigeria plans to privatise 18 power distribution and generation firms by the end of May and has received bids from six financial consultants interested in handling the process, the privatisation agency said on Tuesday.

(1 Vote)

Tags: Privatisation - Power - power distribution and generation - Goodluck Jonathan - Power Holding Company of Nigeria - Bolanle Onagoruwa - Bureau of Public Enterprises - African Finance Corporation - CPCS Transcorp - Goldman Sachs - Stanbic IBTC - IPA Energy - Lazard - UBA and Standard Chartered - Manitoba Hydro - Power Grid Corp - Electricity Supply Board - Nigeria

World Bank, US to fund Tanzanian power projects

Monday, 30 August 2010 13:00

The World Bank will lend Tanzania $150 million for a new power transmission project expected to improve the availability of electricity in mining regions. The US announced last week that it will provide financing of $45 million for a power project in mainland Tanzania and Zanzibar.

(1 Vote)

Tags: World Bank - United States - power transmission - electricity - Panjaj Gupta - mining - Eastern Africa Power Pool - Southern Africa Power Pool - African Development Bank - European Investment Bank - Japan International Cooperation Agency - Korean Economic Development Cooperation Fund - Millenium Challenge Corp - Zanzibar - Tanzania

Nigeria leader unveils plan to end power shortages

Friday, 27 August 2010 13:33

Nigerian President Goodluck Jonathan on Thursday unveiled his strategy to end chronic power shortages in Africa's most populous nation, formally launching a major policy drive months ahead of presidential elections.

(1 Vote)

Tags: Goodluck Jonathan - electricity - roadmap for power sector reform - World Bank - Onno Ruhl - Deziani Allison-Madueke - transmission supergrid - privatisation - foreign investment - Nigeria

Egypt housing project on track for 500,000 units

Thursday, 26 August 2010 12:33

A state project aiming to ease Egypt's housing shortage is on track to meet or exceed its goal of providing half a million homes by the end of next year, its chief official said on Wednesday.

(1 Vote)

Tags: Housing - Hosni Mubarak - Mohamed Galal Sayed el-Ahl - National Housing Project - low-income housing - Orascom Development Holding - Nasr City Housing - Egypt

Maputo port could see $800m in investment

Friday, 20 August 2010 12:03

The port of Maputo, in Mozambique, would see an estimated investment of around $800-million over the next five years, said Grindrod Freight Services CE Dave Rennie on Thursday.

(1 Vote)

Tags: Port Maputo - Grindrod Freight Services - Alan Olivier - Dave Rennie - Mozambique

Egypt signs 300 mln euro power plant loan

Friday, 20 August 2010 11:11

Egypt has secured a 300 million euro loan from the European Investment Bank to fund a major power project as the country moves to boost its electricity output, officials said on Thursday.

(1 Vote)

Tags: European Investment Bank - electricity - North Giza Power Plant - Ahmed Nazif - World Bank - OPEC Fund for International Development - Ramadan - Egypt

China, DBSA to fund $430 mln Zambia power project

Thursday, 19 August 2010 14:30

A Chinese bank and the Development Bank of Southern Africa (DBSA) will lend state-owned power utility Zesco Ltd $430 million to raise the capacity of a hydropower station by 360 MW, a minister said on Thursday.

(2 Votes)

Tags: Development Bank of Southern Africa - hydro power - Kenneth Konga - Export and Import bank of China - Kariba North Bank power station - copper - Zambia

Mozambique approves $2 bln hydroelectric dam

Wednesday, 18 August 2010 13:17

Mozambique has approved the construction of a $2 billion hydro-electric dam in a bid to increase power generation and attract foreign investments, the state-run Noticias daily newspaper reported on Wednesday.

(2 Votes)

Tags: Hydro-electric dam - Salvador Namburete - Mphanda Nkuwa dam - Cahora Bassa Hydro-electric dam - EDM - Energia Capital - Camargo Correia - Brazil - Mozambique

Gabon signs $4.5 bln in deals on eve of anniversary

Monday, 16 August 2010 14:39

Gabon has signed $4.5 billion worth of deals with companies from India and Singapore in a bid to revamp infrastructure, improve living standards and diversify the economy of a nation with dwindling oil reserves.

(1 Vote)

Tags: India - Singapore - infrastructure - living standards - diversify economy - oil reserves - La Nationale - timber - palm oil - low cost housing - Ali Bongo - Gabon

$10 bln to support Africa's economy

Tuesday, 27 July 2010 14:36

The African Development Bank (AfDB) director, Alex Rugamba is expected to nearly double the banks infrastructure funding on the African continent over the next five years to $10 billion to accelerate economic growth.

(2 Votes)

Tags: AfDB - Alex Rugamba - infrastructure - development - growth - Africa

Mozambique and Botswana to build new port and railway

Wednesday, 21 July 2010 16:54

The governments of Mozambique and Botswana signed a memorandum of understanding last week to develop a deep water port at Techobanine point, in Mozambique's southernmost district of Matutuine.

(2 Votes)

Tags: Deepwater port - Techobanine point - Adelino Mesquita - CFM - Botswana - Mozambique

Egypt planning $1 bln tunnel under Suez Canal

Monday, 12 July 2010 14:39

Egypt plans to build a $1 billion tunnel under the Suez Canal at Port Said and will begin seeking finance as soon as the designs are completed, Al-Akhbar newspaper on Monday quoted the investment minister as saying.

(1 Vote)

Tags: Suez Canal - Port Said - Mahmoud Mahieldin - Tunnel - Egypt

Mozambique to build bridge for giant coal mine

Friday, 09 July 2010 11:57

The government of Mozambique has announced it will build a new bridge across the Zambezi River to allow for a giant coal mining project in the interior Tete province.

(3 Votes)

Tags: Infrastructure - Zambezi river bridge - Tete province - Mozambique government - Estradas do Zambeze - Malawi - Zimbabwe - Mozambique

Ethiopia says record budget to boost infrastructure

Friday, 02 July 2010 11:25

Ethiopia on Thursday passed a record 77.2 billion birr annual budget that targets infrastructure development to drive growth in one of Africa's poorest but fastest-growing countries.

(2 Votes)

Tags: Meles Zenawi - infrastructure development - road building - budget - Ethiopia

China to lend $700 million for Congo dam

Thursday, 22 April 2010 14:20

China will lend Congo around 700 million dollars (nearly 520 million euros) to build a hydroelectric dam in its north Sangha region, Congo's energy ministry said Wednesday.

(1 Vote)

Tags: China - dollars - hydroelectric - SinoHydro - Congo

US aid to tender $300 million Mozambique projects

Wednesday, 21 April 2010 14:16

A US aid programme will launch late this year four tenders worth over $300 million to rebuild roads and improve water and sanitation in Mozambique, local media reported on Tuesday.

Tags: US Aid - tenders - development - roads - water - sanitation - Mozambique

Lesotho's Metolong dam construction to start next year

Tuesday, 20 April 2010 13:16

The Metolong Authority plans to start construction of Lesotho's new Metolong dam and raw water pumping station in early 2011, a spokesperson said on Tuesday.

(2 Votes)

Tags: Metolong Authority - dam - water - Maseru - Lesotho

IFC to invest $100m in Africa infrastructure fund

Friday, 09 April 2010 10:44

The International Finance Corporation (IFC) would invest $100-million in the second Africa Infrastructure Investment Fund (AIIF2), which was aimed at promoting the development of basic infrastructure on the African continent.

Tags: International Finance Corporation - Second Africa Infrastructure Investment Fund - (AIIF2) - Macquarie Africa - Old Mutual Investment Group - Infrastructure - Andrew Johnstone - South Africa - sub-Saharan Africa

Burundi launches ambitious infrastructure development plan

Thursday, 08 April 2010 14:28

A $5.8-billion economic growth plan has been launched to connect Burundi to the growing east-African economy. The plan, which will be implemented during the next 20 years, hopes to lure investors.

(1 Vote)

Tags: economy - growth - infrastructure - finance - Burundi

Ghana rolls out Biometric Passport

Thursday, 25 March 2010 15:13

The Government of Ghana will soon issue a Biometric Passport to the citizenry as required by the International Civil Aviation Authority (ICAO).

(2 Votes)

Tags: Biometric Passport - International Civil Aviation Authority - Alhaji Muhammed Mumuni - ECOWAS - Buck Press Limited - Passport Application Centres - Nigeria - Niger - Guinea - Senegal - Cote d'Ivoire - Liberia - Benin - Togo - Ghana

Abidjan-Lagos highway overhaul financed

Thursday, 25 March 2010 14:53

The Abidjan-Lagos transport corridor, connecting the Ivorian capital with Ghana, Togo, Benin and Nigeria along the densely populated coast, is to be overhauled to lower transportation time and costs.