Infrastructure |

PwC Survey: Optimism and opportunities abound in Africa’s Infrastructure space

Lagos, Nigeria (Capital Markets in Africa) — Dealing with Africa’s infrastructure backlog and its future demand is high on the agenda of leaders and civil society on the continent and abroad. While the continents infrastructure currently lags well behind that of the rest of the world with some 30% in a dilapidated condition, there is widespread recognition that there are vast business opportunities on the continent as a growing consumer market continues to develop as well as a large number…

Understanding West Africa’s Infrastructure Potential

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Lagos, Nigeria (Capital Markets in Africa) — West Africa is increasingly identified as an attractive destination for investors across all economic sectors. Its growing population of over 300 million and abundant resources continue to drive steady economic growth, as seen by a 6% average annual growth rate over the past decade. In addition, improved governance and political stability, institutional reforms, declining trade barriers, adoption of technology, and a re-emerging middle class attributable to an increasingly…

World Bank Group Approves $500 Million For Eastern Africa Development Corridor

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Nairobi, Kenya (Capital Market in Africa) —The World Bank Group has approved $500 million for the development of the transport and trade corridor in north-western Kenya and improve the livelihoods of the communities in Turkana and West Pokot counties. The World Bank Board of Executive Directors today approved the International Development Association (IDA)* credit for the East Africa Regional Transport, Trade and Development Facilitation Project, which will enhance regional competitiveness by improving the movement of goods and…

Dubai’s Access Infra Africa to Boosts Africa’s Power Supply by US$500 million

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Accra, Ghana (Capital Markets in Africa) — Access Infra Africa, a Dubai-based company, will launch what it says will be Africa’s largest privately owned solar plant in Uganda this year, part of plans to develop electricity projects in 17 African countries, mainly based on renewable energy. The company will spend USD 500m in the next three years on power generation plants, including in Egypt, Ghana, Uganda, Tanzania, Kenya and Mozambique, Reda el-Chaar, executive chairman of Access…

Ghana needs $15 bln over 10 yrs to close infrastructure gap, Says Vice President

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Accra, Ghana (Capital Markets in Africa) – Ghana requires some $15 billion over the next decade to plug a gap in its infrastructure, Vice President Kwesi Amissah-Arthur said on Tuesday at a forum of financial sector operators and private entrepreneurs in Dakar. A three-year-old power crisis in the West African nation has hindered economic growth and sapped businesses, prompting thousands of Ghanaians to take to the streets in protest last month. A fiscal crisis is…

South African logistics group received ZAR 30 billion loan from the China Development Bank

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Cape Town, South Afric (Capital Markets in Africa) — At the World Economic Forum for Africa Press Conference, the acting CEO of Transnet, Siyabonga Gama, stated the comopany had obtained a loan of ZAR 30 billion (US$ 2 billion) from the China Development Bank to finance the modernization of its aging trains fleet . He added that ZAR 18 billion have already been disbursed to the group by China Development Banke. Also, the duration of the loan is 15 years…

African governments urged to invest in sustainable infrastructure

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Abidjan, Cote D’Ivoire (Capital Markets in Africa) —There’s a huge demand for infrastructure in Africa and yet the money coming from donors and governments is not sufficient. As a result, African governments need to look at innovative ways to finance the infrastructure gap, including engaging in more public-private partnerships (PPPs). This was the overriding message conveyed during a panel discussion on “Financing Infrastructure – Raising the bar” that took place on Thursday, May 28 at…

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