WHAT IS ANNUITY CONCESSIONS IN PPP PROJECT?

WHAT IS ANNUITY CONCESSIONS IN PPP PROJECT?

Annuity Concessions are a variant of the Build Operate Transfer (BOT) PPP model in which the private operator is remunerated via a fixed, periodic payment (“annuity”) from the government rather than through toll proceeds. Under these PPP contracts, the private operator is responsible both for constructing the road, as well

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KENYATTA COMMISSIONS FIRST ANNUITY PPP ROAD PROJECT

KENYATTA COMMISSIONS FIRST ANNUITY PPP ROAD PROJECT

The two roads, developed by Intex Construction Ltd, are the first in the country to be constructed on a new Annuity Public Private Partnership (PPP) arrangement.

President Kenyatta and Mr Odinga drove to Kajiado County where he opened the 48 kilometre Ngong-Kiserian-Isinya and the 43 kilometre Kajiado-Imaroro roads.

The

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HOW THE PANDEMIC HAS AFFECTED CONSTRUCTION DISPUTES

HOW THE PANDEMIC HAS AFFECTED CONSTRUCTION DISPUTES

The third event in the FIDIC Covid-19 Webinar Series 2021 took place on 30 March 2021 with an event looking at how the pandemic has affected construction disputes, how FIDIC contracts can help bring the industry together and how working flexibly can avoid costly disputes, writes FIDIC communications advisor Andy

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GROUND-BREAKING CEREMONY OF AN ULTRA-MODERN SECURITY COMMAND CENTRE IN KENYA

GROUND-BREAKING CEREMONY OF AN ULTRA-MODERN SECURITY COMMAND CENTRE IN KENYA

The construction of an Integrated Security Command Centre for Konza Technopolis has officially begun. The ultra-modern Centre will form the welcome and entrance part of the technology hub, and will feature a police station, a security barrier, a fire station, and an emergency response unit. During the ground-breaking ceremony, Dr.

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AFRICA’S FIRST SATELLITE OF 2021 LAUNCHES INTO SPACE

AFRICA’S FIRST SATELLITE OF 2021 LAUNCHES INTO SPACE

Tunisia’s first satellite, Challenge ONE has been successfully launched onboard Soyuz-2 rocket in the earlier hours of today from Baikonur Cosmodrome in Kazakhstan.

Challenge ONE was announced in 2019 by Tunisian aerospace and telecommunications company, TELNET after it entered an agreement with the Russian operator of commercial launches of Soyuz-2

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CHINESE-FUNDED SIERRA LEONE IRON ORE PROJECT COMMENCES FULL-SCALE OPERATION

CHINESE-FUNDED SIERRA LEONE IRON ORE PROJECT COMMENCES FULL-SCALE OPERATION

FREETOWN, March 20 (Xinhua) — A Chinese-funded iron ore project in Sierra Leone on Saturday announced the commencement of its full-scale operation.

The New Tonkolili Iron Ore Project, which is invested and operated by Kingho Investment Company Limited (Kingho), a Chinese-owned private company, started operation in September last year.

The

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NIGERIA’S GOVERNMENT REINFORCE COMMITMENT TO LEKKI FREE TRADE ZONE

NIGERIA’S GOVERNMENT REINFORCE COMMITMENT TO LEKKI FREE TRADE ZONE
Babajide Sanwo-Olu. Executive Governor Of Lagos State completes a 2-day tour of the Lekki Free Trade Zone to reinforce government’s commitment to the development of the area. He visited Tolaram Group and Dangote Group, both are major investors in the free zone area. While visiting the area, he announced the
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ZIMBABWE’S MIDLANDS PROVINCE RECEIVES $37MILLION FOR ROADS REHABILITATION

ZIMBABWE’S MIDLANDS PROVINCE RECEIVES $37MILLION FOR ROADS REHABILITATION

Government has released over $37 million to Midlands Province for the rehabilitation of roads that were destroyed by heavy rains.

Minister of State for Midlands Provincial Affairs and Devolution Senator Larry Mavima said the money will help rehabilitate the road network in the province, especially in rural areas where some

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THE ROOT CAUSE AND SOLUTION TO ELECTRICITY SHORTAGES IN SOUTH AFRICA

THE ROOT CAUSE AND SOLUTION TO ELECTRICITY SHORTAGES IN SOUTH AFRICA

President Cyril Ramaphosa writes a letter to his people explaining the root cause and his proposed solution being implemented to resolve the issue of electricity shortages in South Africa. 

For more than a week now, South Africans have had to endure the disruption and inconvenience of intermittent load shedding, as

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THE NEWLY APPOINTED PRIME MINISTER OF THE LIBYAN GOVERNMENT OF NATIONAL UNITY ABDUL-HAMID DBEIBAH MEETS ENI’S CEO CLAUDIO DESCALZI

THE NEWLY APPOINTED PRIME MINISTER OF THE LIBYAN GOVERNMENT OF NATIONAL UNITY ABDUL-HAMID DBEIBAH MEETS ENI’S CEO CLAUDIO DESCALZI
Eni’s CEO met the new Libyan PM Dbeibah and the new Minister of Oil and Gas Oun today in Tripoli to discuss Eni’s activities in the country and areas of common interest and collaboration in the fields of renewable energy, circular economy, social projects, access to health and to energy,
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TWO MAJOR PROJECTS WILL BECOME LARGEST GAS DEVELOPMENT UNDERTAKEN IN MOROCCO

TWO MAJOR PROJECTS WILL BECOME LARGEST GAS DEVELOPMENT UNDERTAKEN IN MOROCCO

Rabat – Morocco’s latest gas projects move the country “closer to unlocking [its] domestic gas riches,” according to Global Data, an international data analytics and consulting company.

GlobalData’s latest report, “Morocco Exploration & Production,” reveals that Morocco has almost 700 billion cubic feet of gas reserves sitting in developments.

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TANZANIA TO SWEAR IN FIRST FEMALE PRESIDENT FOLLOWING THE DEATH OF PRESIDENT JOHN MAGUFULI

TANZANIA TO SWEAR IN FIRST FEMALE PRESIDENT FOLLOWING THE DEATH OF PRESIDENT JOHN MAGUFULI

Tanzania will swear in Vice President Samia Suluhu Hassan, following the death of President John Magufuli.

He died on Wednesday from heart complications at a hospital in Dar es Salaam, Samia Suluhu Hassan said in an address on state television.

Mr Magufuli had not been seen in public for more

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VERT ENERGY SIGNS PARTNERSHIP TO SUPPLY INDUSTRIAL ENGINES AND POWER PRODUCTS IN SOUTHERN AFRICA

VERT ENERGY SIGNS PARTNERSHIP TO SUPPLY INDUSTRIAL ENGINES AND POWER PRODUCTS IN SOUTHERN AFRICA

Vert Energy has been appointed by Yanmar as the official distributors in Southern Africa for Yanmar industrial engines from the 1st of January 2021

What’s exciting for the African market is easy access to the globally respected Yanmar brand through local specialists, offering a dependable service and technical

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UGANDA NATIONAL ROADS AUTHORITY INCREASES NUMBER OF CONTRACTS AWARDED TO LOCAL FIRMS

UGANDA NATIONAL ROADS AUTHORITY INCREASES NUMBER OF CONTRACTS AWARDED TO LOCAL FIRMS

In the last 31/2 years, contracts worth UGX 2.15 trillion have been awarded in line with the reservation schemes, representing 26% of the contracts signed by Uganda National Roads Authority (UNRA).

Despite being a poor performance of local content engagement, new data shows a growing participation of local content

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