Infrastructure
South Africa plans new high speed rail projects
Thursday, 02 September 2010
The South African Department of Transport says it is working on a massive rail investment programme to improve the country's aging rail network.
Financiers bid to handle Nigeria power privatisation
Wednesday, 01 September 2010
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.
Railway to boost Malawi, Zambia trade
Tuesday, 31 August 2010
Malawi, Zambia and Mozambique stand to effectively benefit from the newly commissioned railway line linking Chipata and Mchinji, Malawian President Bingu wa Mutharika said.
Vodacom, Nedbank launch mobile cash service
Tuesday, 31 August 2010
South Africa's largest mobile phone group Vodacom is teaming up with Nedbank to deliver a phone-based cash transfer service, similar to a successful service operating in Kenya.
World Bank, US to fund Tanzanian power projects
Monday, 30 August 2010
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.
Nigeria leader unveils plan to end power shortages
Friday, 27 August 2010
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.
China's Suntech to build South Africa solar plants
Friday, 27 August 2010
Suntech Power Holdings Co Ltd, China's largest maker of solar panels, said on Thursday that it has signed a deal to develop solar plants in South Africa with up to 100 megawatts in capacity as the country looks to boost clean energy output.
Nigeria eyes greater share of rising oil investment
Thursday, 26 August 2010
Nigeria is committed to boosting the role of indigenous firms in its oil industry so as to derive greater benefit from anticipated investment of $150 billion in the sector over the next five years, a senior official said.
Egypt housing project on track for 500,000 units
Thursday, 26 August 2010
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.
Study shows surfing the net safe in Africa
Wednesday, 25 August 2010
Seven out of the world's ten safest countries in which to surf the internet are in Africa, reveals a study by internet security company AVG.
South Africa's Standard Bank to work with China rail
Wednesday, 25 August 2010
South Africa's Standard Bank Group said on Tuesday it has signed memorandum of understanding with China Railway Group to cooperate on funding for rail and infrastructure projects in Africa.
Sudan plans four-reactor nuclear power plant
Wednesday, 25 August 2010
Sudan plans to build a four- reactor nuclear power plant to fill a gap in the energy needs of Africa's largest country by 2030 costing between $3-6 billion, the head of Sudan's atomic energy agency said on Tuesday.
Kenya mobile penetration crosses 50 pct mark
Wednesday, 25 August 2010
Mobile phone penetration in Kenya was 51 percent mark in the first quarter of 2010 when SIM card numbers rose 2.7 percent to 19.9 million from the previous quarter, the industry regulator said on Monday.
Kenya telecoms regulator cuts interconnection fees
Friday, 20 August 2010
Kenya's telecoms regulator, CCK, has lowered the interconnection fees charged by mobile phone network operators by half and it expects the move to lower consumer costs and attract new users, its head said on Thursday.
Maputo port could see $800m in investment
Friday, 20 August 2010
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.
Egypt signs 300 mln euro power plant loan
Friday, 20 August 2010
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.
China, DBSA to fund $430 mln Zambia power project
Thursday, 19 August 2010
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.
East Africa plans $25 bln rail upgrade
Wednesday, 18 August 2010
East Africa needs to raise up to $25 billion, or nearly two-thirds of Kenya's annual output, over the next decade to upgrade its railways to boost trade, a senior regional official said on Tuesday.
Mozambique approves $2 bln hydroelectric dam
Wednesday, 18 August 2010
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.
US firm finds oil in Mozambique
Tuesday, 17 August 2010
Anadarko Petroleum has discovered oil in Mozambique but is carrying out further investigations to ascertain if it is a commercial discovery, state media reported on Tuesday.
Gabon signs $4.5 bln in deals on eve of anniversary
Monday, 16 August 2010
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.
Zambia, Chinese firms to build $1.5 bln power plant
Monday, 16 August 2010
Zambia, Africa's largest copper producer, signed an agreement on Friday with two Chinese companies to build a 600 megawatts plant expected to cost $1.5 billion, Finance Minister Situmbeko Musokotwane said.
Nigeria plans $3.5 bln "supergrid" to end power woes
Wednesday, 11 August 2010
Nigerian President Goodluck Jonathan on Tuesday announced plans for a $3.5 billion national electricity grid to be jointly financed with the private sector and development agencies.
Nigeria embarks on vast free trade zone with China
African agricultural finance under the spotlight
Ghana to reach 1 mln tonnes cocoa output next season
South Africa plans new high speed rail projects
Financiers bid to handle Nigeria power privatisation
Railway to boost Malawi, Zambia trade