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Malawi awards contract for rehabilitation of border road

By: Marcel Chimwala     23rd June 2017 The Malawi government has awarded China's Zhejiang Provincial Transportation Engineering Construction the tender to rehabilitate a 46 km road stretch from Karonga to Songwe, near the border with Tanzania. The project will be financed by a loan from the World Bank’s International Development... 

Uganda–Kenya road upgrade project.

By: Sheila Barradas     23rd June 2017 The project will upgrade the Kapchorwa–Kitale road section, which will foster regional trade and unlock the agricultural potential of the project area. 

AfDB, Japanese agency sign seventh loan agreement

By: Megan van Wyngaardt     19th June 2017 The Japan International Cooperation Agency (Jica) has signed a Y34.41-billion, or around $300-million, loan agreement with the African Development Bank (AfDB), intended to promote economic growth and reduce poverty in Africa through supporting the private sector. The loan is part of the enhanced... 

Malawi and Tanzania sign MOU for Songwe River Basin Programme 

By: David Oliveira     16th June 2017 Malawi and Tanzania signed a memorandum of understanding (MOU) last month at the Bingu International Convention Centre (BICC) in Lilongwe, Malawi, which will see the two African nations work together for the development of the Songwe River Basin Development Programme (SRBDP). The SRBDP was... 

AfDB approves $100m facility for ETG

By: Anine Kilian     15th June 2017 The African Development Bank (AfDB) has approved a $100-million facility to finance agricultural supply chain Export Trading Group’s (ETG’s) soft commodity value chain operations in sub-Saharan Africa. This soft commodity finance facility (SCFF) is one of the core trade finance instruments used... 

Bids sought for construction and rehab of Malawi water supply schemes

By: Marcel Chimwala     9th June 2017 Malawi’s Ministry of Agriculture, Irrigation and Water Development is inviting bids for the construction and rehabilitation of gravity-fed water supply schemes in Rumphi district, in the Northern Region, and in Nkhotakota district, in the Central Region. The assignment will be financed by the... 

Entrepreneurs key to unlocking continent’s economy – AfDB report

By: Megan van Wyngaardt     22nd May 2017 With the continent continuing to face sluggish growth, African governments need to integrate entrepreneurship more fully into their industrialisation strategies, the African Development Bank’s (AfDB’s) ‘African Economic Outlook 2017’ suggests. Last year, Africa’s economic growth slowed to 2.2%... 

India, Japan to push for One Belt, One Road counter at AfDB conference 

By: Ajoy K Das     19th May 2017 India will unleash its highest level of economic diplomacy at next week’s African Development Bank (AfDB) conference in the western city of Ahmedabad, with the aim of setting quantifiable targets of international economic and trade cooperation between the continents in a bid to counter China’s... 

AfDB to support Namibia’s economic governance, competitiveness

By: Megan van Wyngaardt     11th May 2017 The African Development Bank (AfDB) has approved a R3-billion loan to finance the Namibia Economic Governance and Competitiveness Support Programme (EGCSP), which will support the strengthening of public financial management and improve the quality and efficiency of public sector spending. “The... 

Water shortages sound a warning to city planners 

By: Kim Cloete     8th May 2017 The extremely worrying water shortage in Cape Town is an indication that climate change is an issue that can simply not be ignored by engineers and city planners, Cape Town mayor Patricia de Lille has told consulting engineers in Cape Town. She told the International Federation of Consulting... 

Urgent reforms needed to ensure Africa creates the 450m jobs it needs in 20yrs

By: Natasha Odendaal     5th May 2017 Less than a quarter of the 450-million new jobs needed for Africa’s youth over the next two decades will be created unless urgent reforms to boost productivity and competitiveness are undertaken. The ‘Africa Competitiveness Report 2017’ reveals that Africa’s working age population is growing... 

African countries must create conducive environment to attract more infrastructure investment

By: Shirley le Guern     4th May 2017 Development finance institutions, banks and private investors are collectively sitting on trillions of dollars in capital that could be invested into African infrastructure projects if they were offered returns commensurate with the perceived higher risk environment, Africa50 CEO Alain Ebobisse... 

AfDB appoints acting CFO, finance VP

By: Natasha Odendaal     2nd May 2017 The African Development Bank (AfDB) has appointed treasurer Hassatou Diop N’Sele as acting VP for finance and CFO, standing in until a successor is found for Charles Boamah, who has been appointed as senior VP. N’Sele, with 25 years of banking and finance experience, oversees investments of the... 

AfDB approves $253m for Uganda–Kenya connecting road upgrades

By: Mia Breytenbach     28th April 2017 The African Development Bank Group (AfDB) has approved $253-million in loans to the governments of Kenya and Uganda for the upgrading of a 118 km road section connecting the two countries and construction of the 32km Eldoret town bypass, in Kenya. Kenya will receive $147.3-million and Uganda... 

AfDB welcomes Zambia, Ghana to bond index

By: Megan van Wyngaardt     24th April 2017 The African Development Bank (AfDB) has added Zambia and Ghana to its African Bond Index (ABI), expanding the index to the eight most liquid sovereign bond markets in Africa. The ABI provides investors with a tool with which to measure and track the performance of Africa’s bond markets. 

AfDB to review development of Senegalese power plant after complaints 

By: Megan van Wyngaardt     21st April 2017 The African Development Bank (AfDB) will review compliance eligibility at the €206-million, 125 MW Sendou coal-fired power plant project, in Senegal, following several community complaints. Two groups raised eight similar issues with the bank, including an unviable government policy option to use... 

Africa50 appoints CEO

By: Anine Kilian     20th April 2017 The Pan-African infrastructure investment platform Africa50, which is funded by the African Development Bank (AfDB), has appointed Kenyan-born Carole Wamuyu Wainaina as CEO. She will lead a multidisciplinary team on the noninvestment side of the organisation, including investor relations,... 

Africa Climate Change Fund embraces new partner contributions

By: Mia Breytenbach     14th April 2017 The African Development Bank (AfDB) approved the conversion of the Africa Climate Change Fund (ACCF) to a multidonor trust fund last month. This conversion brings two new partners to the fund, the governments of Italy and Flanders, Belgium, which are contributing €4.7-million and €2-million... 

SA firm sees potential for elevated-track solution in everything mining to public transport

By: Irma Venter     7th April 2017 South African company Milotek will later this year start construction of a fractional rapid transit (FRT) system at a private coal mine in Mpumalanga. Milotek director and inventor Andries Louw believes this system will revolutionise the way goods are moved in the mining industry and also,... 

SA firm sees potential for elevated-track solution in everything mining to public transport

By: Irma Venter     7th April 2017 South African company Milotek will later this year start construction of a fractional rapid transit (FRT) system at a private coal mine in Mpumalanga. Milotek director and inventor Andries Louw believes this system will revolutionise the way goods are moved in the mining industry and also,... 

AfDB lends Tanzania $29.8m for natural gas developments

By: Megan van Wyngaardt     6th April 2017 The African Development Bank (AfDB) has approved a $29.8-million loan to Tanzania to help the country mobilise domestic resources and unlock the potential of its natural gas resources through leveraging domestic markets and local content initiatives. The project will help Tanzania “capture the... 

EIB backs last-mile power connectivity in Kenya

By: Terence Creamer     27th March 2017 The European Investment Bank (EIB) has signed a €60-million loan agreement with Kenya to support an ongoing project designed to connecg 300 000 Kenyan households to the national electricity grid. The loan for Kenya Power’s ‘Last Mile Connectivity’ project forms part of a “blended” €180-million... 

Amid challenges, power sector offers massive opportunities

By: Nadine James     17th March 2017 Although the power and electricity sector in Africa faces massive challenges, it also offers massive opportunities, says Power & Electricity World Africa (PEWA) event organiser Terrapinn.  

Mikono Expo Group will Host the Dar Construction Trade Expo and the East Africa Smart Building Summit 2017 in Dar es Salaam,Tanzania!!

     15th March 2017 Tanzanian based company Mikono Speakers under her sister company Mikono Expo Group, which operates in Tanzania, South Africa and other African nations, is hosting the Dar Construction Trade Expo 2017. This esteemed event will take place along with the East Africa Smart Building Conference. More... 

Gautrain on par with global standards – RATP

By: Anine Kilian     10th March 2017 French-owned public transport operator Régie Autonome des Transports Parisiens (RATP) is confident that the addition of new rolling stock for South Africa’s Gautrain will generate significant benefits for the rapid-rail system. RATP is a shareholder of the Bombela Operating Company (BOC), which... 

Kariba dam rehabilitation project, Zambia

By: Sheila Barradas     10th March 2017 The Zambian and Zimbabwean governments have signed the plunge pool reshaping works contract. 

Mali to build $25m solar plant with loan from AfDB

By: Megan van Wyngaardt     8th March 2017 Mali’s first utility-scale solar photovoltaic (PV) power plant, the 33 MW Segou project, which will be built at a cost of $25-million. The project will increase the country¹s installed capacity from renewable resources and will generate 52.7 GWh/y, or about 10% of current generation capacity,... 

AfDB supports Zimbabwe’s efforts to reform SoEs

By: Anine Kilian     3rd March 2017 African Development Bank (AfDB) Southern Africa regional development and business delivery office DG Tonia Kandiero and Zimbabwe Finance and Economic Development Minister Patrick Chinamasa have signed a $4-million grant agreement to support a State-owned enterprise (SoE) reform and delivery... 

Ethiopian Airlines receives backing for big growth plan

By: John Muchira     3rd March 2017 Plans by Africa’s fastest-growing carrier, Ethiopia Airlines, to double its size by 2025 have received a major boost in the form of a $159-million loan from the African Development Bank (AfDB) to fund its fleet expansion efforts. The loan, which is backed by the African Trade Insurance Agency... 

Busega–Mpigi express highway project, Tanzania

By: Sheila Barradas     24th February 2017 The project involves the construction of a 23.7 km four-lane express highway. 

Global and national energy experts prepare to attend the annual Africa Energy Indaba 2017 following #AfricaAtDavos

     7th February 2017 World Economic Forum followers of 2017 reported that this year’s event saw a shift in the way Africa was perceived at Davos.  Discussions were particularly focused on opportunities for business and investment and African business leaders made their voices heard.  The popularity of the... 

Mutunguru small hydropower project, Kenya

By: Sheila Barradas     3rd February 2017 Mutunguru Hydroelectric Company plans to build a 7.8 MW hydropower plant, in Kenya. 

How will Trump impact on Africa’s renewables landscape?

     27th January 2017 By Robert Franklin It is estimated that from 2010-2015 an additional 20,000MW of generation capacity entered operation in Africa, of which 7,500MW consisted of renewables.  Over recent years renewables' share of projected capacity additions has been periodically adjusted upwards in countries'... 

Mueda–Negomano road construction project, Mozambique

By: Sheila Barradas     27th January 2017 The African Development Bank has approved a $71.8-million grant and a $3.1-million loan to the government of Mozambique for Phase 1 of the project. 

Closing Africa’s energy gap key to sustained economic growth

By: African News Agency      18th January 2017 A lack of access to electricity precluded Africa from fully participating in the Fourth Industrial Revolution, and private sector investment in power generation was key to spurring Africa’s growth. Speaking during a session called “Powering Africa”, at the forty-seventh Annual Meeting of the... 

AfDB board approves Boost Africa Investment Programme

By: Anine Kilian     24th November 2016 The African Development Bank’s (AfDB’s) board of directors has approved the €50-million Boost Africa Investment Programme – a package of investments in various venture, seed, accelerator and incubator funds that aim to support innovative start-ups and early-stage small businesses across Africa.... 

Upscaled infrastructure and regional integration needed in Africa

     10th June 2016 Africa is urbanising at a rapid pace, which means infrastructure such as bypasses, bridges, new highways and new technologies needs to be deployed in congested areas where traditional methods cannot work, notes Africa-focused consultancy Africa House director Duncan Bonnett. 

African Ministers, VIPs & Infrastructure Experts In Johannesburg To Push For Progress In Regional Infrastructure Projects

     7th June 2016 This week more than 50 of the continent’s infrastructure heavyweights descend on Johannesburg for the continent’s biggest annual infrastructure event that will take centre stage as Africa’s preferred destination for connecting and investing in African infrastructure projects. Africa has a long... 

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