Finance

DP World to invest US$1bn in Infrastructure on Ethiopian side of Berbera Corridor
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Dubai's DP World and Ethiopia's Ministry of Transport have signed an agreement to develop the Ethiopian side of the road linking…

Ksh3.7bn Budgeted for Malaba Rail Link in Kenya
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A supplementary budget has allocated Ksh3.7 billion to construct a railway line connecting the Standard Gauge Railway (SGR) to the old track…

Botswana: Tlou Energy Announces Funding Update for Lesedi Project
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Tlou Energy has announced a new update on funding for Lesedi power project. 

African Union Aims to Set Up Infrastructure Fund for the Continent
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The African Union intends to set up a fund to finance construction of much-needed infrastructure in the continent. 

African Economic Outlook 2021: Africa’s growth prospects bullish despite COVID constraints and debt burden
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Despite the challenging backdrop of a global pandemic and external economic shocks, Africa is expected to recover from its worst recession in half…

Angola: African Development Bank funds US$530m electricity project
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The African Development Bank has committed US$530 million to finance the construction of a 343 km, 400 kV central-south transmission line that…

Namibia Tops List for Best Quality Roads in Africa
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Namibia has retained its top position for having the best roads in Africa for the 5th year in a row. 

AfDB approves US$43m for Madagascar power transmission project
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The Board of Directors of the African Development Bank has approved a loan of US$42.9 million to finance the second phase of a major power…

World Bank approves US$750m funding for Horn of Africa regional integration project
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A regional integration project connecting Kenya to Ethiopia and Somalia Kenya has received funding under the World Bank's Horn of Africa…

UBA approves additional US$40m funding for Tanzania Hydro Power project
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The United Bank for Africa (UBA) has approved additional funding of US$40 million for the 2,115 megawatt Julius Nyerere Hydropower project under…