Infrastructure |

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

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…

Africa Finance Corporation initiates $900m power project in Ghana

Posted on by The Editorial Team

Africa Finance Corporation (AFC), last week, effected the ground-breaking of the $900 million Kpone Independent Power Project (Kpone IPP) in Ghana, implemented by the Cenpower Generation Company Limited. AFC is the lead project developer, mandated lead arranger and largest equity investor in Kpone IPP, which reached financial close in December 2014. The ceremony was attended by Ghanaian Vice President KwesiAmissah-Arthur, Minister of Power Dr. KwabenaDonkor, and Robert Dwamena, Managing Director of the Electricity Company of…

Boosting Solar Energy Capacity in Africa

Posted on by The Editorial Team

Sub-Saharan Africa is rich in energy resources but its potential remains mostly untapped. Despite the abundance of sunlight, solar projects have been developed slowly and often inefficiently.Weak competition and high transaction costs are some of the obstacles that hamper the progress of the technology.In a continent where most people live without electricity, expanding the supply of energy has become an imperative that cannot be delayed. To meet projected demand, Africa needs to increase its power-generation…

Kenya: Devolution and Infrastructure Boost Growth and Shared Prosperity

Posted on by The Editorial Team

Devolution and increased investment in infrastructure are improving Kenya’s prospects for growth and shared prosperity, says a new World Bank Group report released today.The Kenya Public Expenditure Review (PER) for December 2014, Decision Time: Spend More or Spend Smart, says the country is making progress in the right direction, despite emerging fiscal pressure. It identifies the transformative impact of devolution and increased investment in infrastructure as key factors contributing to broad-based growth.Kenya’s economy has recovered from the…

Intra-Africa trade: Going beyond political commitments

Posted on by The Editorial Team

Among Africa’s policy wonks, underperforming trade across the continent is a favoured subject. To unravel the puzzle, they reel off facts and figures at conferences and workshops, pinpoint trade hurdles to overcome and point to the vast opportunities that lie ahead if only African countries could integrate their economies. It’s an interesting debate but with little to show for it until now. The problem is partly the mismatch between the high political ambitions African leaders…

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