Infrastructure Development Archives

IMPACT OF COVID-19 ON AFRICA’S INFRASTRUCTURE DEVELOPMENT

Posted on March 11, 2020March 11, 2020 by Gambeta News

Kieran Whyte discusses the impact of COVID-19 on Africa’s infrastructure development. He is a Partner and Head of the Energy, Mining and Infrastructure Practice, at Baker McKenzie Johannesburg. China has long been a key partner in Africa’s infrastructure development. Baker McKenzie research with IJGlobal, A Changing World: New trends in emerging market infrastructure, showed that China has targeted sub-Saharan Africa in recent years, both in the context of its need for natural resources and as…

SOMALIA TO RECEIVE €1 MILLION EUROS FOR INFRASTRUCTURE DEVELOPMENT

Posted on March 21, 2019 by Gambeta News

Italian government issues €1 million euros for Somalia infrastructure development. Somalia government is set to receive funds which will help grow the country Infrastructure. This is after Italian government signed a deal with African Development Bank (AfDB) Multi-Partner Somalia Infrastructure Fund. The fund is worth €1 million euros. Somalia is one of those Africa countries that has suffered a lot especially in the infrastructure sector. This is due to terrorist attack on the nation that has destroyed so…

CHINESE EXIM BANK TO OFFER EGYPT US$3bn FOR ITS DEVELOPMENT

Posted on February 14, 2019February 14, 2019 by Gambeta News

Chinese Exim Bank offer US$3bn to Egypt for its infrastructure development. Chinese Exim Bank is offering Egypt US$3bn for their new projects over the next couple of years. This will help grow Exim Bank brand in the nation as well as investing for the future. The fund will include a facilitated loan of US$1.2bn for the implementation of Egypt’s first electric train. With over US$1bn for the Hamrawein coal plant and the rest for several…

BEST COUNTRIES TO INVEST IN AFRICA 2019

Posted on January 31, 2019February 1, 2019 by Gambeta News

RMB gives report on best countries to invest in Africa for 2019 Many investors are in search of the best countries to invest in Africa; as Africa is fast rising to become a very fertile investment destination. The continent is in dire need of roads, rails, ports, airports, power grids and IT systems. All of these do not only form the infrastructure needed to help grow the African economies; but they also serve as investment…

UGANDA PRESIDENT MEETS COMMONWEALTH DELEGATES OVER INFRASTRUCTURAL DEVELOPMENT

Posted on January 30, 2019January 30, 2019 by Gambeta News

President Museveni plans for more infrastructural development in Uganda especially in electricity after meeting with CDC delegates. Infrastructural development in Uganda is part of President Yoweri Museveni plans. In African nations, infrastructural development is the way forward. This is why Uganda President held a meeting with Commonwealth Development Corporation (CDC) delegation. The focus of the meeting was on the different ways to develop the nation’s infrastructure especially in the electricity sector. It aimed at increasing the electricity…

NIGERIA RECEIVES €31m FROM GERMANY’S KfW DEVELOPMENT BANK

Posted on November 5, 2018 by Gambeta News

KfW development Bank supports Nigeria’s Infrastructure development with €31 million investment. To help boost infrastructure development in Nigeria; the largest investment bank in Europe, KfW Development Bank have invested €31 million. Receiving the €31 million investment is Infrastructure Credit Guarantee Company Ltd (InfraCredit). InfraCredit is a specialised infrastructure credit enhancement facility by the Nigeria Sovereign Investment Authority (NSIA). NSIA purpose for establishing InfraCredit is to in fact effectively help enhance infrastructure investments in Nigeria. The 10-year…