Ethiopia Inks $29 Million Infrastructure Deals with Chinese Firms
Ethiopia has inked a deal worth $29.17 million with two Chinese companies to modernise the country's transport sector, with a view of maintaining its economic growth trajectory. The first agreement [...]
KPA's New KSh32 Billion Mombasa Terminal Almost Ready for Operations
Kenya Ports Authority's (KPA) new KSh32 billion container terminal in Mombasa is almost ready for operations, with president Uhuru Kenyatta set to officially launch it at the end of this [...]CBK Accepts KSh 98.6 Billion from February 19-year Infrastructure Bonds Sale
Central Bank of Kenya(CBK) received bids worth KSh 132.3 Billion at the auction of the 19-year infrastructure bonds sale against its offer of KSh 75 Billion, an over subscription of [...]
Morocco Begins Construction of $562 Million Vaccine Plant
Morocco has begun the construction of a new $562 million vaccine plant with the capacity to produce 116 million vaccines in 2024. The new ‘SENSYO Pharmatech’ factory in the coastal [...]Kenya to begin work on Transnational Road link with Tanzania
Kenya has started the documentation processes for the dualling of the 40 Kilometre Mtwapa-Kilifi Road. The project is part of the 460 Km Malindi-Tanga-Bagamoyo East African corridor which is a [...]Bamburi Cement switches to Solar Power
Bamburi Cement PLC has signed a Power Purchase Agreement (PPA) with an Independent Power Producer, MOMNAI Energy Limited, to set up two Solar Plants adjacent to the company’s Mombasa Plant [...]Kenya in Partnership with UK to Build the Nairobi Railway City
Kenya is partnering with the United Kingdom(UK) to build a new rail hub in Nairobi. This project is poised to be the largest and most ambitious development ever to be [...]Shelter Afrique Receives $1.7 Million Investment from DRC
The Democratic Republic of Congo (DRC) has cleared its outstanding capital arrears of $1.7 million in Shelter Afrique, raising its stake in the company from 1.68% to 2.46%. DRC now joins [...]Tanzania Burundi Sign $900 Million SGR Deal
Tanzania and Burundi have signed a deal to build a 282 kilometre Standard Gauge Railway (SGR) from Uvinza in Tanzania's Kigoma region to Gitega in Burundi. 156 km of the SGR [...]Kenya Enters Public Private Partnership to Develop Power Transmission Lines
Kenya has signed a Public Private Partnership(PPP) agreement with Africa50 and Power Grid Corporation of India Limited(POWERGRID) to finance, construct and operate the 400 kV Lessos-Loosul and 200kV Kisumu-Musaga electricity [...]KPA Acquires New KSh1.1 Billion Tugboat to Enhance Port Efficiency
The Kenya Ports Authority (KPA) has acquired a new KSh1.1 billion tugboat, seeking to boost efficiency and bulk handling activities at the second container terminal. This makes Kenya the second [...]Shelter Afrique to Receive $28.7 Million Capital Arrears from Nigeria
Nigeria has committed to pay the full capital arrears of $28.7 million in Shelter Afrique in four instalments starting January 2022. In September 2020, the company received $$9.4 million from [...]
