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 [...]Kenya's National Treasury puts KSh 150 Billion Infrastructure Bond on Ice
Kenya's National Treasury has put off plans by Kenya National Highways Authority to float a KSh 150 Billion Infrastructure Bond, citing the country's distressing public debt levels. According to Treasury [...]NHC Unveils KSh25 Billion Affordable Housing Project
The National Housing Corporation (NHC) has unveiled a KSh25 billion housing project in Athi River, Machakos County. The project, dubbed Stoni Athi Waterfront City will be developed on a 150-acre [...]Kenya Railways Ready to Start Train Service to Kisumu
Kenya Railways has announced plans to start the passenger train service to Kisumu next month, seeking to tap the increased demand due to passengers travelling to their rural homes for [...]IGAD Unveils KSh3.8 Trillion Infrastructure Plan
The Intergovernmental Authority on Development (IGAD) has unveiled a KSh3.8 trillion transport infrastructure plan set to be implemented by 2024. The plan includes 89 short term projects ( 61 projects [...]Gambia Raises Stake in Shelter Afrique to 0.27%
The Government of Gambia has increased its stake in Shelter Afrique to 0.27% after an additional $19,218.96 capital injection into the firm. The Gambia is now the 11th country to increase [...]GoK Borrows KSh6.4 Billion for BRT from Korea
The Government of Kenya has borrowed KSh6.4 billion from the Korean government to finance the Bus Rapid Transport (BRT). The loan from the Korean Export and Import Bank will be [...]Shelter Afrique Partners with Cameroon for a $15 Million Prefab Factory
Shelter Afrique has entered a deal with the government of Cameroon to set up a $15 million Industrial Housing Corporation (prefab factory) to provide low-cost construction materials for the construction [...]Facebook's 2Africa Undersea Cable Set to be the Longest Upon Completion
Facebook backed undersea cable, dubbed the 2Africa cable, is set to the the longest in the world upon completion, with the firm saying the cable will now extend to [...]
