Infrastructure |

African Infrastructure Developers Propose Solutions for Tapping Billions in Investor Interest

Cape Town, South Africa (Capital Markets in Africa) —High quality infrastructure project development with the support of an improving enabling environment in Africa holds the potential to unlock billions in new private investment. Africa’s high growth and huge development potential hinge on building and expanding modern infrastructure, and private investors are more willing than ever to fund strong projects on the Continent under the right conditions, according to experts who gathered in Cape Town today…

NEPAD: Top global and African CEOs launch infrastructure business network

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Cape-Town, South Africa (Capital Markets in Africa) — Top global and African Chief Executive Officers today launched a Continental Business Network (CBN) to fast-track high-level private sector investment into Africa’s regional infrastructure. The launch of the CBN on the side-lines of the World Economic Forum on Africa in Cape Town, South Africa, is the mandated follow-up and implementation of recommendations emanating from the Dakar Financing Summit (DFS), hosted by Senegal’s President Macky Sall. CEO of the…

Tanzania awards $9 bln rail projects to Chinese companies

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DAR ES SALAAM, Tanzania (Capital Markets in Africa) – Tanzania has awarded contracts to build new railway lines worth about $9 billion to Chinese firms, its transport minister said, expanding Beijing’s presence in East Africa’s second-biggest economy. Transport Minister Samuel Sitta told parliament on Saturday a Chinese consortium had been awarded a contract to build a 2,561 km (1,536 miles) standard gauge railway connecting Dar es Salaam port to land-locked neighbours at a cost of…

Egypt, AfDB sign two loans and a grant for Sharm el-Sheikh airport development

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Abidjan, Cote D’Ivoire (Capital Markets in Africa):- The African Development Bank (AfDB) and Egypt, on May 29 in Abidjan, signed two loans and a letter of agreement. The two loans are worth US $140 million – US $90 million from the AfDB window and US $50 million loan from the Africa Growing Together Fund (AGTF). The letter of agreement concerned a grant from the Middle Income Countries (MICs) Technical Assistance Fund of UA 1.2 million…

AfDB scaled up project funding by 15% to US$ 7.6 billion in 2014

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Abidjan Cote D’Ivoire (Capital Markets in Africa) — The African Development Bank Group (AfDB) realised a 15.3 percent increase in its operations turnover in 2014 compared to 2013 despite the challenging global and regional economic environment, according to AfDB 2014 Annual Report. Support to infrastructure accounted for over half of the US $7.6 billion invested in the Regional Member Countries (RMCs) during the year, representing a 15.3-percent increase over the 2013 funding portfolio. According to…

Pembani Remgro Infrastructure Fund raises $245 Million to Power Africa

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Johannesburg, South Africa (Capital Markets in Africa):- The Pembani Remgro Infrastructure Fund, announced today that it has achieved a successful first closing of $245 million. In addition, the Fund has received a further commitment equal to 20% of the fund size, capped at $100 million, from the Overseas Private Investment Corporation (OPIC). The formal fundraising process commenced in May 2014, with the aim of achieving final close during 2015 at a target fund size of…

Investors stake NGN 2tn on Nigerian telecoms sector in four years

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Foreign direct investors have staked USD 10bn (about NGN 2tn) on the Nigerian telecommunications industry in the last four years, the Nigerian Communications Commission (NCC) has said. The Executive Vice Chairman, NCC, Dr. Eugene Juwah, said this in a presentation he made at a forum with journalists in Abuja on Thursday 07 May 2015. Juwah, who was represented at the forum by the Director of Public Affairs, NCC, Mr. Tony Ojobo, also said that internet…

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