Infrastructure finance

UK gives 67mln pounds for African infrastructure

Monday, 08 March 2010 13:23

The United Kingdom and South Africa have signed a memorandum of understanding committing the UK to provide UK67 million to help the regional economic communities improve transport infrastructure in eight countries.

Tags: United Kingdom - Jacob Zuma - Gordon Brown - Zimbabwe - cross-border trade - Global Political Agreement - SADC - Zimbabwe - South Africa

Ghana to fast-track infrastructure for oil: Mills

Friday, 26 February 2010 13:31

Ghana will fast-track construction of a deep sea oil port and revamp a major rail link in 2010 to help exploit its energy and minerals, President John Atta Mills said in a state of the nation address on Thursday.

(9 Votes)

Tags: John Atta Mills - state of the nation address - Jubilee - deep sea oil port - rail link - cocoa - gold - Energy Ministry - Ministry of Transport - Tullow Oil - IMF - Wayne Mitchell - Ghana

Burkina Faso: $40m for rural electrification

Monday, 08 February 2010 14:56

The African Development Bank Group based in Tunisia has approved a loan of 40 million US dollars for Burkina Faso to fund a rural electrification project.

(2 Votes)

Tags: African Development Bank Group - electrification - Cote d'Ivoire - Ghana - Tunisia - Burkina Faso

Zambia won't face power crunch in 2010: official

Tuesday, 19 January 2010 14:06

Zambia will this year add 210 megawatts (MW) of electricity to the national grid of Africa's top copper producer, and will not see power shortages in 2010 as some had feared, an energy industry official said on Monday.

(2 Votes)

Tags: Zesco - Teddy Kasonso - copper - electricity - Kafue Gorge power project - Kariba North Bank power station - Zhongui Mining group - Copperbelt Energy Corp - Zambia

Zambia gets $125m India loan for key projects

Thursday, 07 January 2010 13:22

India has approved a total of $125-million in credit for Zambia, part of it to finance a key power project, Finance Minister Situmbeko Musokotwane said on Wednesday.

(2 Votes)

Tags: India - credit - finance - power - energy - Situmbeko Musokotwane - Exim - Zambia

Uganda funding for road transport development approved

Tuesday, 15 December 2009 13:05

The World Bank has approved a US$190 million International Development Association (IDA) credit to improve the connectivity and efficiency of the transport sector in Uganda.

(2 Votes)

Tags: World Bank - International Development Association - Transport Sector Development Project - UK Department for International Development - Gulu-Atiak road - Vurra-Arua-Oraba road - National Road Safety Authority - Uganda

South Korea in $10bn Ghana homes deal

Thursday, 10 December 2009 12:50

A South Korean firm has agreed to build 200,000 homes in Ghana over the next six years at a cost of $10bn (£6.1bn), Seoul officials say.

(4 Votes)

Tags: South Korea - homes - building - construction - STX - Robert Abongo - Ghana

Chinese bank says will finance Ghana oil projects

Wednesday, 09 December 2009 12:11

China Development Bank has agreed to lend money to Ghana's national oil company to pay for infrastructure projects in the Jubilee field, off the West African country, the bank and Ghana said on Tuesday.

(3 Votes)

Tags: China Development Bank - Jubilee field - infrastructure - Ghana National Petroleum Corporation - Fiifi Kwetey - Ghana

AFDB supports Morocco to boost electricity

Monday, 07 December 2009 11:50

The African Development Bank (AFDB) has approved a loan worth 110 million euros ($166.2 million) to help expand Morocco's electricity network.

Tags: African Development Bank - Electricity - thermo-solar power station - National Electricity Office - Aïn Beni Mathar - Thierry De Longuemar - Salaheddine Mezouar - Younes Maamar - Morocco

AfDB lends Tanzania $245 mln for road upgrades

Friday, 04 December 2009 10:42

The African Development Bank (AfDB) approved a $245 million loan for a road project in Tanzania aimed at boosting the east African country's economy, the bank said on Thursday.

(2 Votes)

Tags: African Development Bank - roads - infrastructure - Iringa - Dodoma - Namtumbo - Tundura - Tanzania

Kenya: Chinese Power Firm Makes Entry

Wednesday, 02 December 2009 13:02

A Chinese energy firm has chosen Kenya as its entry point into East Africa, where it expects to invest millions of dollars in the next three years.

(1 Vote)

Tags: China - energy - TBEA - Muringa Holdings - Uganda - Kenya

Kenya to invest $349 mln on airports over four years

Monday, 30 November 2009 13:16

Kenya said on Thursday it would invest some 26 billion shillings ($349 million) to expand and modernise its major airports over the next four years, 16.8 billion of which will by financed through loans.

(2 Votes)

Tags: Airport - European Investment Bank - French Development Agency - Kenya Airports Authority - George Muhoho - China Nationale Aero-Technology International Engineering Company - Kenya

International firm to invest US $30 billion in Niger-Delta

Thursday, 19 November 2009 12:51

Following the success of amnesty programme in the Niger Delta region, Dag Group, said it has concluded arrangement to partner with the Federal Government to invest $30 billion on human and infrastructural development in the region.

(4 Votes)

Tags: Niger Delta - Federal Government - infrastructure - development - Dag Group - Jason Nworah - Nigeria

Construction to boost steel demand in N Africa, Middle East

Tuesday, 17 November 2009 12:34

Steel demand in the Middle East and North Africa (MENA) region will rise by 7% next year to around 60 million tonnes on the back of robust construction spending, Egypt's largest steelmaker said on Monday.

(2 Votes)

Tags: steel - spend - growth - infrastructure - MENA - George Matta - Ezz Steel - Egypt

Brazil to invest $300 mln in Mozambique infrastructure

Friday, 13 November 2009 15:05

Brazil has plans to invest $300 million to develop infrastructure in Mozambique, where the Latin American giant is a big investor in coal and biofuels, a Mozambican newspaper reported Thursday.

(3 Votes)

Tags: Brazil - infrastructure - coal - biofuels - Vale - Mozambique

Construction in Nigeria 'to become world's fastest growing'

Friday, 13 November 2009 14:11

Construction growth in Nigeria will be the fastest of all markets, according to the latest 10-year forecast from Global Construction Perspectives and Oxford Economics..

(3 Votes)

Tags: construction - fincance - infrastructure - Global Construction Perspectives - Oxford Economics - China - US - Nigeria

Govt investments in infrastructure drive Angola's industry

Wednesday, 28 October 2009 11:51

Angola's electricity industry is set to boom, with forecasts that spending on electricity infrastructure in the country will reach $8.4 billion over the next few years. According to new analysis by Frost & Sullivan.

(2 Votes)

Tags: electricity - growth - boom - Frost & Sullivan - Cornelis van der Waal - infrastructure - Angola

Absa, IFC in $150m infrastructure investment

Thursday, 03 September 2009 15:03

South African banking group Absa said on Thursday it has entered into a $150 million funding deal with the International Finance Corporation (IFC) to invest in sub-Saharan African infrastructure projects.

(1 Vote)

Kenya to spend $3.27 bln on development projects

Thursday, 20 August 2009 16:10

Kenya plans to spend 250 billion shillings over the next eight years on development projects such as irrigation and power generation, the cabinet said on Thursday. The projects include the creation of local employment and rural development.

(2 Votes)

Tags: development - projects - irrigation - power generation - drought - water - food - security - rural - Kenya

Mozambique: building more than the Zambezi Bridge

Thursday, 30 July 2009 11:17

Building the Zambezi Bridge in central Mozambique has not only been "a feat of technical engineering", but also valuable lessons about the impact of infrastructure projects on vulnerable communities have also been learnt.

(2 Votes)

Tags: Zambezi Bridge - Save the Children - social impact - Caia in Sofala Province - Zambezia Province - Mozambique

Angola: one million homes for the underprivileged

Monday, 27 July 2009 14:47

Angola plans to build one million homes over the next five years, focussing on housing the more impoverished of its citizens. This comes after the country has overtaken Nigeria as the continent's biggest oil producer.