Infrastructure |

Bridging the Gap Between Sustainable Infrastructure Development and Finance

LAGOS (Capital Markets in Africa) – We live in an age of fundamental infrastructure development. Roads, ports, energy generating facilities, water and waste management systems etc. will be key to ensuring increased connectivity between rural and urban areas in the future. They will also play a vital role to give local and regional markets better access to the global economy, increase the circulation of goods, services and people, and thereby improve economic and social development….

Tunisia to offer $50 billion of projects to foreign investors

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TUNIS (Capital Markets in Africa) – Tunisia will offer foreign investors and financiers participation in $50 billion of projects as it seeks to create jobs to maintain political stability, the country’s investment minister said. The projects range from construction of a new deep-water port at Enfidha in northern Tunisia to desalination plants and energy-generating projects. They will be announced at an international investment conference next month. Investors from 70 countries are expected to come to…

Nigeria needs more time to negotiate rail project with GE

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ABUJA (Capital Markets in Africa) – Nigeria needs more time to negotiate a railway concession project with U.S. company General Electric, the country’s transport minister said on Wednesday. Both sides have confirmed talks on GE being granted a railway concession in Nigeria worth around $2 billion but no details have emerged yet. “GE is proposing a two-year rehabilitation of the rail tracks to be carried out by them and to have a concession period of 25…

Abu Dhabi Airports to invest in redeveloping Seychelles airport

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Seychelles (Capital Markets in Africa) – State-owned Abu Dhabi Airports Co will invest in redeveloping the international airport at Mahe in the Seychelles as the Indian Ocean country expands its aviation and tourism sectors, officials said on Tuesday. “Our aim is to help to deliver an updated passenger terminal operating to the highest international standards,” Abu Dhabi Airports chairman Ali Majed al Mansoori told reporters, without giving details. The Seychelles signed an agreement for the…

Tanzania secures $259 mln funding for power grid link with Kenya

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DAR ES SALAAM (Capital Markets in Africa) – Tanzania has secured $258.82 million from the African Development Bank and the Japan International Cooperation Agency for a high voltage electricity line to connect its national power grid to Kenya’s, its power utility said on Sunday. The 400 kilovolt (kV) line will be completed within two years and is part of efforts to deepen integration between the two countries’ economies, Tanzania’s TANESCO said in a statement on its…

IFC close to $2.7 bln debt refinancing for Mozambique’s Nacala railway

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CAPE TOWN (Capital Markets in Africa) – The International Finance Corporation, part of the World Bank, expects to close a $2.7 billion debt refinancing for the Nacala Corridor railway project in Mozambique early next year, a senior IFC official said on Friday. The refinancing could help to ease balance sheet pressure on Brazilian miner Vale which is developing the railway and a coal mine in the region. “The plan is to close by the end of…

South Africa Picks Ports for $3.7 Billion LNG Infrastructure

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JOHANNESBURG (Capital Markets in Africa) – South Africa will invest $3.7 billion at the ports of Richards Bay and Coega to build infrastructure for a gas-to-power program aimed at easing the country’s dependence on coal. A plant at Richards Bay will generate 2,000 megawatts of electricity from liquefied natural gas imports, and another at the Coega industrial development zone will produce 1,000 megawatts, the Department of Energy said Monday. The government will seek bidders to manage the…

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