Infrastructure |

Blackstone eyes opportunities in African power shortages

DAKAR (Reuters) – Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission. CEO Steve Schwarzman said he would continue to seek partners like Aliko Dangote — Africa’s richest man, with whom Blackstone has a $5 billion joint venture — to ensure that Blackstone’s experience and deep pockets are matched by local…

What significant non-mining infrastructure projects are underway in Africa?

Posted on by The Editorial Team

A well-worn argument postulates that infrastructure spending in Africa is focused on resources due to many countries remaining very dependent on the export of minerals and hydrocarbons. But this is no longer the case. GDP per capita levels in many African countries have climbed past the critical US$1,000 level – enabling consumers to purchase more than just the basics. Urbanization has also been an important factor to contend with: Africa had 22 cities with more than…

Ethiopia sets sights on building new airport, beyond Addis Ababa expansion project

Posted on by The Editorial Team

A major infrastructure project in Ethiopia designed to expand the capacity for handling passengers passing through the capital’s airport is on course for completion in 2018, but moves are already under way to build an additional airport. Bole International Airport, on the edge of Addis Ababa, will be able to triple the number of passengers it handles from the current level of around seven million annually when the expansion project is completed, Ethiopian Airports enterprise…

SA Mining urgently needs Investor-Friendly Guarantees Framework

Posted on by The Editorial Team

Cape Town, 11 February 2015: The positive message delivered by Mineral Resources Minister Ngoako Ramatlhodi to delegates at the Mining Indaba on Tuesday morning serves as a timeous reassurance to investors, but must urgently be followed by concrete interventions to provide guarantees that their investments will be safe and free from excessive interference into the future, says John Orford, Senior Portfolio Manager for Old Mutual Investment Group’s MacroSolutions boutique. In addition, investors will need to…

As Foreign Direct Investment continues to rise growth looks certain for Africa

Posted on by The Editorial Team

Achieving Africa’s growth Agenda – CNBC Africa Panel Speakers discuss Africa’s attractiveness to Foreign Investors. Even though threats still remain economic diversification and integration are major factors contributing to Africa’s growth. These factors, along with Infrastructure and Agriculture, were the key growth indicators discussed recently at “Achieving Africa’s growth Agenda” a World Economic Forum session developed in partnership with CNBC Africa and featuring prominent speakers Sunhil Bharti Mittal, Jacob G Zuma, Paul Kagame, Bronwyn Nielsen,…

DAVOS: Energy high on the agenda of African policy makers

Posted on by The Editorial Team

The world economic forum is creating a working group of African leaders to build political momentum for a sustainable energy transition in Africa. Members of the group –to be known as AFRICAN ENERGY LEADERS GROUP, will come together to share insights and to enhance the overall capacity to build public-private partnerships, leverage political support and mobilize funds for sustainable energy and development initiatives on the continent.The Group noted at the inaugural Press Conference, the importance of…

China to invest in Africa’s mega infrastructure projects

Posted on by The Editorial Team

The African Union and China have recently agreed to on an ambitious transport infrastructure blueprint, aiming to link the capitals of all 54 states of the African continent via motorways, rail and air links. Promoting the development of a mature system of transport infrastructure in Africa will be extremely beneficial to China, guaranteeing it access to natural resources and markets on the continent, Chatham House Asia Program Associate Fellow James Edward Hoare told Sputnik on…

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