Economic Implications of Internet Disruptions Caused by Undersea Cable Cuts
Internet interruptions resulting from damaged undersea cables along the West African coast last week revealed the precarity of the continent's digital infrastructure and the economic turmoil it may cause. Major [...]
Undersea Cable Cuts Disrupt Internet in Several African Countries
Internet connectivity in several African countries was interrupted Thursday after major undersea cables experienced temporary faults, network providers have reported. African Telecommunications giant, MTN Group, has reported internet outages in [...]East African Cables Sells Majority Stake in Tanzanian Unit
East African Cables PLC has sold a 51% stake in its Tanzanian subsidiary to Msufini (T) Limited as it embarks on a turnaround strategy. In mid-2023, EA Cables obtained a [...]CBK floats KSh 70 billion, 8.5yr Infrastructure Bond
The Central Bank of Kenya (CBK) has floated a KSh 70 billion, 8.5-year amortized infrastructure bond earmarked for funding budgeted infrastructure projects in the 2023/24 financial year. The weighted average [...]
CBK Seeks KSh 25bn in Dec. Infrastructure Bond Tap Sale
Central Bank of Kenya(CBK) has floated a 6.5-year infrastructure bond worth KSh 25 billion that will be on sale between 21st November and 6th December 2023. Infrastructure bonds are used [...]Dutch firm Opens New Cold Storage in Nairobi
Beemsterboer Coldstore Services (BCS), a Dutch-based firm, has opened a cold store in Nairobi with space for 4,000 pallets. Besides these new premises in Nairobi, the Dutch firm has been [...]Kenya, China Sign Energy Deal as Two Explore SGR Extension
Kenya and China have signed a deal to enhance the flexibility and reliability of Kenya’s electrical grid. The Memorandum of Understanding (MoU) between the Ministry of Energy and Petroleum and [...]Kenyan Construction Firm Joycot Banned From AfDB Projects Over Fraud
The African Development Bank Group has announced a 15-month debarment of Joycot General Contractors Ltd, a construction company registered under the laws of Kenya, effective September 8, this year. According [...]Comesa Ministers Link High Transport Cost to Inadequate Infrastructure
Inadequate rail, road, air and waterways network is driving up the value of exports by as much as 70 per cent for the landlocked countries within the Comesa region. Ministers [...]Kenya Signs USD60million Grant Targeting E-Mobility
Kenya has unlocked funds to address challenges limiting connectivity in urban areas and strengthen the land sector. The Millennium Challenge Corporation (MCC) and government officials led by President William Ruto [...]Kenya to Commence $ 13.8B Lamu, Ethiopia, South Sudan SGR Project in 2025
Kenya will in 2025 begin constructing a $ 13.8 billion high-speed electric standard gauge railway linking its Indian Ocean port of Lamu to Ethiopia and South Sudan. The 3,000 km [...]ATIDI Insures EUR 300 Million Loan for Tanzania’s Projects
African Trade and Investment Development Insurance(ATIDI) has insured a EUR300 million loan facility issued by Deutsche Bank AG to the Government of Tanzania.The facility will finance several infrastructure projects included [...]
