IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

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 …

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THE TOP 5 LONGEST BRIDGES IN AFRICA

THE TOP 5  LONGEST BRIDGES IN AFRICA

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 …

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RWANDA SIGNS US$400m METHANE GAS PRODUCTION DEAL

RWANDA SIGNS US$400m METHANE GAS PRODUCTION DEAL

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 …

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BEST COUNTRIES TO INVEST IN AFRICA 2019

BEST COUNTRIES TO INVEST IN AFRICA 2019

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 …

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RWANDA CALLS FOR DEEP AFRICAN PARTNERSHIP TO BOOST CONTINENT’S ECONOMY

RWANDA CALLS FOR DEEP AFRICAN PARTNERSHIP TO BOOST CONTINENT’S ECONOMY

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 …

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

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

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 …

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BASIC FACTORS AFFECTING INFRASTRUCTURE IN AFRICA

BASIC FACTORS AFFECTING INFRASTRUCTURE IN AFRICA

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 …

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AFRICA FINANCE CORPORATION SECURES US$300m FROM EXPORT-IMPORT BANK OF CHINA

AFRICA FINANCE CORPORATION SECURES US$300m FROM EXPORT-IMPORT BANK OF CHINA

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 …

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CHINESE CONTRACTOR AWARDED US$398 million PROJECT IN KENYA

CHINESE CONTRACTOR AWARDED US$398 million PROJECT IN KENYA

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 …

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HIGHLIGHTS OF FIDIC 2018 INTERNATIONAL INFRASTRUCTURE CONFERENCE – BERLIN

HIGHLIGHTS OF FIDIC 2018 INTERNATIONAL INFRASTRUCTURE CONFERENCE – BERLIN

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 …

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NIGERIA SIGN MoU WITH JAPAN ON INFRASTRUCTURE INVESTMENT

NIGERIA SIGN MoU WITH JAPAN ON INFRASTRUCTURE INVESTMENT

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, …

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APAPA ROAD RECONSTRUCTION DEADLINE SET FOR JULY 2018

APAPA ROAD RECONSTRUCTION DEADLINE SET FOR JULY 2018

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 …

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NEW TECHNOLOGY FOR ROAD CONSTRUCTION TO BE INTRODUCED IN NIGERIA

NEW TECHNOLOGY FOR ROAD CONSTRUCTION TO BE INTRODUCED IN NIGERIA

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 …

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LOW INCOME HOUSING SET TO COMMENCE IN ZERO2ONE SKYSCRAPER

LOW INCOME HOUSING SET TO COMMENCE IN ZERO2ONE SKYSCRAPER

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  …

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EQUATORIAL GUINEA MAKES PLANS FOR GAS MEGA-HUB

EQUATORIAL GUINEA MAKES PLANS FOR GAS MEGA-HUB

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 …

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AZ GROUP BUILDS TWO HOTEL INFRASTRUCTURE IN ALGERIA

AZ GROUP BUILDS TWO HOTEL INFRASTRUCTURE IN ALGERIA

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 …

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AFRICA’S LONGEST SUSPENSION BRIDGE TO OPEN IN JUNE

AFRICA’S LONGEST SUSPENSION BRIDGE TO OPEN IN JUNE

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 …

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TANZANIA SEEKS AID FROM AfDB FOR MEGA PROJECTS

TANZANIA SEEKS AID FROM AfDB FOR MEGA PROJECTS

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 …

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ALGERIA TRANS-SAHARAN HIGHWAY PROJECT COMPLETED

ALGERIA TRANS-SAHARAN HIGHWAY PROJECT COMPLETED

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 …

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