IFA gets fund for infrastructure development in six African nations
Investment fund Africa IFA has secure US$6 billion for infrastructure development in Africa. This IFA fund is the first phase of its drive towards infrastructure development in Africa. The deal was announced during an interview with investment fund’s chairperson and … Read More
In this article, we would be discuss the longest bridges in Africa. We would take a look at the top 5 longest bridges in the continent.
But first what are bridges?
Bridges are structures built to span over physical obstacles without closing the way underneath it. It is one of … Read More
Rwanda signs deal to extract methane gas from Lake Kivu
The Rwanda government have signed a US$400 million deal with Gasmeth Energy Ltd to extract, process, compress and also bottle methane gas from Lake Kivu. The signing of the seven years deal took place on Friday 1st February 2019 but … Read More
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 … Read More
Rwanda calls for African partnership to help boost African economy.
Rwanda, the landlocked East African country recently held a Trade Facilitation and Manufacturing forum in Kigali. At the forum, Rwandan top officials stressed on the need for deeper African partnership especially between its fellow East African neighbours. The Forum served … Read More
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 … Read More
Infrastructure is vital for any economy to grow. It is also essential that for any developing countries to grow, then Infrastructure must be at the forefront. We all know that Africa has a huge potential but lack or inadequate infrastructure is affecting it.
This inadequate infrastructure remains a major obstacle … Read More
AFC acquires US$300m loan facility from CEXIM
Leading infrastructure development finance institution in Africa, Africa Finance Corporation (AFC) successfully acquired a US$300 million loan from Export-Import Bank of China (CEXIM). Making up the loan is a US$200 million 5-year loan and also a US$100 million 5-year stand-by facility. The loan … Read More
China’s CCCC to construct a US$398 million oil port in Mombasa, Kenya
The Kenyan Ports Authority has confirmed the award of a US$398million oil facility in Mombasa. The contract award recipient is China Communications Construction Company (CCCC).
This US$398 million oil port facility will certainly boost the nation’s oil handling … Read More
Highlights of the just concluded FIDIC Conference in Berlin (9th -11th September 2018).
FIDIC have just concluded this year’s 2018 conference in Berlin, Germany. FIDIC in conjunction with VBI (German Association of Consulting Engineers) organised the conference with its focus on Mobility and Smart Infrastructure.
Still wondering … Read More
Nigeria and Japan sign MoU on Infrastructure Investment.
For the promotion of quality infrastructure investment between Nigeria and Japan, both countries have signed a memorandum of understanding (MoU). Representing both countries for the MoU signing in Abuja was Nigeria’s minister of transportation Rotimi Amaechi and Japan’s State Minister of Land, … Read More
Reconstruction deadline for Apapa road project, Lagos, Nigeria set to July 2018
The deadline for the reconstruction of the US$12m Apapa road project in Lagos state, Nigeria is now July 2018. There have been delays on the project due to logistical constraints and also heavy presence of underground utilities.
This … Read More
Julius Berger to introduce new technology for road construction in Nigeria.
Julius Berger Nigeria (JBN) plans to introduce a new technology for road construction in Nigeria. The new technology will ground and treat the old asphalt. It will also use it to increase the thickness and height of the asphalt … Read More
Zero2One skyscraper set to implement low income housing.
The tallest building in cape town is set to reduce its housing price to benefit the public. Zero2One skyscraper will set aside part of its households with income less than R15,000 per month. It was approve by Municipal Planning Tribunal in December … Read More
Kenya’s NHC set to build over 500,00 house as part of its plans for affordable homes.
The construction of 500,000 houses is set to kick-off in Kenya. It is also part of the nation plans to spread housing unit all over the country that is affordable and can help the … Read More
Equatorial Guinea to construct a gas mega-hub.
Equatorial Guinea is planning to construct a natural gas mega-hub. The hub will consist of an offshore and onshore aggregation and processing facilities. It will also have an interlinked production with London government.
The first phase of the project involves implementing a new … Read More
AZ Group builds a hotel and leisure building in Mostaganem, Algeria.
AZ group has build two new infrastructure in Mostaganem, Algeria. The hotel and leisure building dubbed ”AZ Zephir” will have no less than 315 rooms (from the standard room to the presidential suite). It will also have a multipurpose … Read More
Mozambique to commission Africa’s Longest Suspension Bridge in June 2018.
The commissioning of Africa’s longest suspension bridge will be on the 25th of June this year. The bridge is currently under construction in Mozambique. It’s commissioning date is also the same date as Mozambique independence in 1975.
The Maputo-Catembe … Read More
Tanzania turn to AfDB for Power and Airport projects funding
Tanzania President Magufuli said that the country is in talks with the African Development Bank (AfDB) to finance two mega projects. These projects are Stiegler’s Gorge hydroelectric plant project and the modernization of Dodoma Airport.
According to the president, the … Read More
Part of the Trans-Saharan Highway in Algeria is now complete.
The construction of the 1,600km Trans-Saharan Highway project in Algeria is now complete. Work is also in progress on another 200km road in south-Algeria and it will soon be complete. Algeria, said the completed infrastructure is a fundamental factor for … Read More