Infrastructure Finance |

Uganda Targets 1,000 Megawatts of New Generation by June 2020

KAMPALA (Capital Markets in Africa) – Uganda plans to boost power generation capacity by at least 1,000 megawatts by June 2020 to promote industrial growth by adding renewable sources such as wind, solar and biomass to hydropower. Increased generation will enable the East African nation to raise access on the national grid to 30 percent, according to a sector budget document on the Finance Ministry’s website. The World Bank estimates the country’s access at 26.7…

Zimbabwe Plans $1 Billion Infrastructure Bond in 2019 for Roads

Posted on by The Editorial Team

HARARE (Capital Markets in Africa) – Zimbabwe plans to sell $1 billion of bonds next year to fund projects that include expanding the main road between the capital and the border with South Africa, Finance Minister Mthuli Ncube said. The southern African nation wants to improve the highway linking Harare with the border town of Beit Bridge, he told business leaders in the capital Friday. Yesterday, Ncube unveiled his 2019 budget in which he cut…

South Africa’s High-Speed Rail Network Seeks Cash for Trains

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s high-speed rail network is seeking 4 billion rand ($290 million) to increase its number of trains by 50 percent ahead of a potential expansion to other parts of Johannesburg and Pretoria. The Development Bank of Southern Africa Ltd. is leading the fundraising, a spokeswoman said in an emailed response to questions on Wednesday. Canada’s Bombardier Inc., CRRC Corp. of China and local firm Egoli Rail are among the…

China Offers Infrastructure to Cement New Ties With Burkina Faso

Posted on by The Editorial Team

BURKINA FASO (Capital Markets in Africa) – Months after severing ties with Taiwan, Burkina Faso says it’s counting on Chinese money to get large infrastructure projects off the ground, including a key highway linking the West African nation’s two main cities. Burkina Faso broke off diplomatic relations with Taipei in May in favor of China, leaving only the tiny kingdom of Swaziland as the island’s last African ally and cutting the number of countries that…

Emerging Africa Infrastructure Fund leads and closes financing of €78 million 50MW in Akuo Energy’s solar plant in Mali

Posted on by The Editorial Team

BAMAKO (Capital Markets in Africa) – The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG), and Akuo Energy, the leading French green IPP, today announce the signing of financing of the Akuo Kita Solar power plant, to be built at Kita in southern Mali. It will be the first photovoltaic power station in Mali owned and run by a private sector independent power producer. Two other PIDG companies,…

Ghana Seeks Investors for $2.4 Billion Railway and Inland Port

Posted on by The Editorial Team

ACCRA (Capital Markets in Africa) – Ghana is looking for private investors to build a $2.4 billion railway line and inland port project that will ease the transportation of goods to and from the West African nation’s northern neighbors. The railway line from Tema, Ghana’s biggest harbor, to the second-biggest city of Kumasi will cost $1.8 billion, while the stalled Boankra inland port will need $600 million to be revived, Transport Minister Kweku Ofori Asiamah said…

Kenyan Agency Mulls $1.46 Billion Bond to Repair Damaged Roads

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – A Kenyan government agency plans to offer 150 billion shillings ($1.46 billion) of bonds to fund repairs to roads in the East African nation that have suffered from historic neglect. The Kenya Roads Board is seeking approval from the Treasury to begin a July offering of the first tranche of debt that’ll be backed by a tax on fuel imports that provides a steady income, according to Executive Director Jacob Ruwa….

1 2 3 4 »