Finance

ADF approves US$116 million for southern road corridor project in Tanzania
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The Board of Directors of the African Development Fund (ADF) has approved a loan of around US$116 million to the Tanzanian government to upgrade a…

Over US$800m invested in Africa's New Real Estate Era
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Africa’s real estate sector is driving the continent’s economic recovery forward with more than US$800 million disclosed deals taking…

EIB Approves €330m for 225 kV Power Line connecting Guinea and Mali
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The European Investment Bank (EIB) is providing funds for construction of renewable energy infrastructure in West Africa.

China’s CGGC to Construct $700m Cameroon-Congo Chollet Dam 
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The China Gezhouba Group Company (CGGC) has been selected to oversee the construction of the 600MW Dam.

Nigeria’s Lekki Port Receives First Installment of $630m Chinese Loan
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The port has received US$60m from the China Development Bank as the first tranche of the loan.

African Wealth Funds Experience Boon After Investing Locally
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During this pandemic, sovereign wealth funds in Africa that have focused on their local economies have yielded high returns.

Nigerian Federal Government to Concession 12 Highways to the Private Sector
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The Federal Ministry of Works has started this process under the Public-Private Partnership (PPP) scheme. 

AMEA Power launches 50MW Solar Power Plant in Togo
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AMEA Power, a subsidiary of UAE-based Al Nowais Investments (ANI), has announced the official commissioning of its 50MW solar photovoltaic (PV)…

Nigeria FG Grants NLNG N20bn Tax Waiver for Bodo Bonny Bridge Construction
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Nigeria's Federal Government has granted the NLNG Company N20 billion (approx. US$49 million) tax waiver for the Bodo-Bonny road and bridge…

AfDB signs US$348m financing agreements for Uganda road projects
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The African Development Bank (AfDB) and the Government of Uganda have signed two financing agreements totaling around US$348 million for the…