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African Development Bank plans R10bn in loans to Eskom 

By: Reuters     7th November 2018 The African Development Bank plans to lend South African power utility Eskom around R10-billion ($720-million) in 2019 and 2020, the bank's president Akinwumi Adesina said. "We plan to lend around $620-million for the Medupi power plant, and around $100-million for Eskom's transmission network,... 

AfDB to institute climate risk management programme for African countries

By: Tasneem Bulbulia     30th October 2018 The African Development Bank (AfDB) has approved the Africa Disaster Risks Financing (ADRiFi) programme – the institution’s first climate risk management programme aimed at boosting resilience and responding to climate shocks in regional member countries. The initial phase is expected to run from... 

Grand Inga hydropower project, Democratic Republic of Congo

By: Sheila Barradas     26th October 2018 Government has given two groups of investors a four-week deadline to submit a joint proposal on the development of the multibillion-dollar Inga 3 hydropower plant. 

AfDB reports another year of sustained indicators

By: Simone Liedtke     23rd October 2018 Ahead of its maiden African Investment Forum (AIF) in November, the African Development Bank (AfDB) has reported another year of sustained indicators for 2017, underlined by a Triple A rating by all three major agencies and sharply increased earnings. The bank noted in a statement released on... 

Congo sets deadline for plan on 11 000 MW hydropower plant

By: Bloomberg     22nd October 2018 The Democratic Republic of Congo gave two groups of investors a four-week deadline to submit a joint proposal on the development of the multibillion-dollar Inga 3 hydropower plant. The government signed an accord with Chinese and Spanish consortia this week to advance the 11 000 MW facility, the... 

M&A activity slowly increasing in Africa

By: Marleny Arnoldi     18th October 2018 Merger and acquisition (M&A) activity has been slower in South Africa, compared with prior years; however, other African countries have seen an increase in deals closed, said Hogan Lovells partner Sibongile Solombela at the firm’s Africa Forum conference held on Thursday. M&A activity is still... 

AfDB to provide €229m for Rwanda electricity programme

By: Marleny Arnoldi     16th October 2018 The Rwandan government has signed a €229.20-million funding agreement with the African Development Bank (AfDB) to support the country’s electricity supply improvement programme and expand access to electricity under the Scaling Up Electricity Access Program Phase II (SEAP II). This builds on... 

Integrated Solutions Key To Growing Africa’s Power Generation

4th October 2018 As African countries work to develop their power generation capacity in the most cost effective ways, the key will be to find integrated solutions that attract investment throughout the value chain. According to Alastair Gerrard, integrated solutions executive at Zest WEG Group, the energy sector... 

Flicker of hope in Zimbabwe?

By: Martin Zhuwakinyu     28th September 2018 The main opposition party across the Limpopo insists that “we wuz robbed” in the July 30 elections that returned Zanu-PF to power and gave Emmerson Mnangagwa, who had been caretaker President since the November 2017 ouster of Robert Mugabe, a fresh, five-year mandate. Not even a Constitutional... 

AfDB extends R2.87bn loan to Eskom to expand its transmission network

By: Tasneem Bulbulia     27th September 2018 The African Development Bank (AfDB) has approved a R2.87-billion loan for South Africa’s State-owned power utility Eskom for the upgrade and expansion of its transmission facilities. The funding supports the Eskom Transmission Improvement Project (ETIP), which will see the construction of 555 km... 

AfDB seeks partnerships to lift 1bn people out of hunger

By: Simone Liedtke     26th September 2018 The African Development Bank (AfDB) has called on global partners to join hands to lift one-billion people globally out of hunger. The finance institution said in a statement that it was leading the way by investing $24-billion in African agriculture over the next decade. 

Mining waste set to grow, but ‘reduce, reuse, recycle’ solutions abound

By: Tracy Hancock     7th September 2018 The evolution of waste management techniques to accommodate the shift to low-grade ores by mining operations is one of the key emerging trends in the global mining waste management market, states UK market research company Technavio. The London-headquartered company explains that in the last... 

Land Bank says land expropriation could trigger default

By: Reuters     21st August 2018 South Africa's State-owned Land Bank said on Monday a plan to allow the State to seize land without compensation could trigger defaults that could cost the government R41-billion rand if the bank's rights as a creditor are not protected. Land Bank is a specialist bank providing financial services... 

Experts collaborate to deliver project in Kenya

17th August 2018 Integrated infrastructure delivery company Aecom’s Nairobi team, consisting of experts from South Africa, Kenya, Germany and the US, is working on a civil-structure assessment project for a transmission line in Kenya. “A major advantage for Aecom in the region is its ability to leverage its... 

Bids sought for water and sanitation project

By: Marcel Chimwala     17th August 2018 Malawi’s Northern Region Water Board (NRWB) is inviting eligible consulting firms to indicate their interest in undertaking preparing detailed designs and rendering construction supervision for the Nkhata Bay town water supply and sanitation project. The Malawi government will finance the project... 

The Brenthurst Foundation Appoints Three New Advisory Board Members

14th August 2018 The Brenthurst Foundation is pleased to share with you news of three appointments to our Advisory Board: former President of Liberia (and Nobel laureate) Ellen Johnson Sirleaf, former Defence Minister of Colombia Juan Carlos Pinzón, and former Prime Minister of Ethiopia Hailemariam Desalegn. Our... 

AfDB head calls for agriculture technologies to optimize African farmers' output

By: African News Agency      10th August 2018 African farms should be given access to technologies that will enhance production, with evidence from countries such as Nigeria demonstrating that technology coupled with strong government backing are yielding positive results, African Development Bank (AfDB) president Akinwumi Adesina has said.... 

AECOM continues to secure major infrastructure contracts in East Africa

By: Creamer Media Reporter      7th August 2018 Integrated infrastructure delivery company AECOM continues to secure major contracts in East Africa through its Nairobi office. This forms part of a concerted strategy to target transportation, water, and power projects in Ethiopia, Uganda, Rwanda, Tanzania, and Kenya. A major advantage for AECOM... 

Success of Africawide free trade area will partly rest on world-class infrastructure

By: Creamer Media Reporter      3rd August 2018 The construction industry - a key partner in the economic integration of the continent envisaged by the African Continental Free Trade Area By Mokate Ramafoko, PPC Managing Director: International Operations 

Nigeria oil refinery

3rd August 2018 Nigerian business magnate Aliko Dangote has arranged more than $4.5-billion in debt financing for his Nigerian oil refinery project. 

Nacala corridor transaction reaffirms ‘Africa open for business’

By: Simone Liedtke     30th July 2018 Owing to a consortium of three export credit agencies (ECAs), the African Development Bank (AfDB) and a lending consortium of six international and four South African banks, a collaboration on funding for the revamp and extension of the Nacala Logistics Corridor has successfully raised... 

Tunisia, AfDB to launch drones pilot project for agriculture management

By: Marleny Arnoldi     30th July 2018 Tunisia and the African Development Bank (AfDB) have signed an agreement for the launch of a pilot project to use drones for data collection, which will enhance the management of agricultural projects in the country. The project will be implemented over the next ten months and will receive... 

Funding a vital link across 912kms

27th July 2018 Railway infrastructure is key to the growth of any economy – all the more, if you are exporting coal across international trade waters. Thanks to the revamped and extended Nacala Logistics Corridor, the Moatize coal mine in the northwest Tete region of Mozambique can now export greater volumes of... 

Development agenda key to achieving African vision

By: Simone Liedtke     25th July 2018 Africa’s biggest challenge, according to Pan African Chamber of Commerce (PACC) CEO Johnny Muteba, is the continent’s lack of an agenda that is solely focussed on its development. Instead of focusing on sustainable development agendas, such as the 2063 Agenda, he suggested during a pre-Africa... 

Enabling environment needed for private sector to contribute to Africa’s development

By: Simone Liedtke     25th July 2018 To attract the financing needed to meet Africa’s investment needs, the public sector must create an enabling environment for the private sector to play its role, African Development Bank (AfDB) Southern African deputy director general Josephine Ngure says. Speaking at a pre-African Investment... 

AfDB approves $250m risk participation agreement with ABSA

By: Creamer Media Reporter      20th July 2018 The African Development Bank (AfDB), this week, approved an unfunded $250-million risk participation agreement (RPA) with ABSA Bank. This RPA, housed within the AfDB’s Trade Finance operations, will enhance African issuing banks’ ability to leverage trade financing through a multisectorial approach. 

Investment, solutions critical for Africa’s power generation sector

By: Tasneem Bulbulia     13th July 2018  The African power generation sector needs sustainable investment to bolster economic growth and assist in developing fit-for-purpose, integrated power solutions, says electrical equipment manufacturer and solutions provider Zest WEG Group integrated solutions executive Alastair Gerrard.... 

AfDB launches index to drive improvements in electricity regulatory environment

By: Marleny Arnoldi     22nd June 2018 The African Development Bank (AfDB) this week launched its Electricity Regulatory Index (ERI) at the Africa Energy Forum 2018, in Mauritius.  

AfDB pledges $12bn for Africa’s energy development

By: Marleny Arnoldi     19th June 2018 The African Development Bank (AfDB) has placed access to sustainable energy development at the heart of its strategy, with the biggest priority ensuring improved access to electricity across the continent. AfDB power, energy, green growth and climate change VP Amadou Hott told delegates at the... 

Global interest in investing in African energy sector picking up – Minister

By: Marleny Arnoldi     19th June 2018 The willingness and interest to invest in the African energy sector is picking up globally, says Mauritius Deputy Prime Minister and Energy and Public Utilities Minister Ivan Collendavelloo. Speaking at the Africa Energy Forum, now in its twentieth year, in Mauritius, on Tuesday, he said the... 

Plans for second runway at Kenya’s main airport in the balance

By: John Muchira     8th June 2018 Plans to construct a second runway at Kenya's Jomo Kenyatta International Airport (JKIA) are hanging in the balance, following an announcement by government that it was reviewing the economic viability of the project. Despite the Kenya Airports Authority (KAA) floating tenders for the project,... 

Summit discusses built environment trends, considerations for thriving Africa development

By: Marleny Arnoldi     31st May 2018 It has been a tumultuous period for the African continent, as since 2014 there have been many pressures affecting the macroeconomic environment – commodity prices took a significant knock, some economies dipped into a recession and the pressure was on from a number of credit ratings agencies.  

Africa50, Green Climate Fund, and AfDB to Develop Solar Projects in the Sahel through the Desert to Power Program

28th May 2018 On the margins of the African Development Bank annual meetings, the heads of Africa50, the Green Climate Fund (GCF), and the African Development Bank (AfDB) signed an agreement to collaborate on the Desert to Power Program for solar projects in the Sahel. Alain Ebobisse, CEO of Africa50 stressed... 

African Development Bank achieves historic disbursement of US $7.81 billion, exceeding 2017 target

24th May 2018 “Let me express my sincere gratitude to our Board of Directors, Management, and staff for their unflinching support during the trying times of 2017. As we look forward to accelerated delivery in 2018, I trust that I can count on your continuing support to transform Africa and African lives... 

AfDB, Korea agree to partner on Korea-Africa Energy Investment Facility

By: Simone Liedtke     23rd May 2018 The government of Korea and the African Development Bank (AfDB) have signed a letter of intent to launch the Korea–Africa Energy Investment Facility (KEIF), which will provide significant support to the New Deal on Energy for Africa, which aims to achieve universal access to energy.  The signing,... 

AfDB, Aims partner to strengthen, leverage maths, science skills in Africa

By: Marleny Arnoldi     23rd May 2018 The African Development Bank (AfDB) has signed a letter of intent (LoI) with the African Institute for Mathematical Sciences (Aims) aimed at identifying opportunities for potential partnership between the two institutions.  

AfDB, Unido sign MoU to improve Africa’s industrialisation

By: Marleny Arnoldi     21st May 2018 The African Development Bank (AfDB) and the United Nations Industrial Development Organisation (Unido) have signed a memorandum of understanding (MoU) to step up collaboration that will boost Africa’s industrialisation. 

AfDB officially launches Africa Investment Forum

By: Anine Kilian     8th May 2018 The African Development Bank (AfDB) on Tuesday launched its Africa Investment Forum (AIF), which will seek to attract investment and public–private partnerships aimed at transformative development on the continent. “The AfDB is championing the AIF as a platform to actively engage the private... 

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