Infrastructure |

Infrastructure | Africa’s longest running Public Private Partnership conference comes back to London

LONDON, UK, Capital Markets in Africa: The 8th Africa Public Private Partnership Conference and Showcase (APPP) will once again be held in London due to popular demand and will showcase investment opportunities and planned infrastructure development projects from across Africa. Organised by AME Trade, the event will take place from the 24 – 26 October 2016 at the Radisson Blu Hotel, London, UK building on the success of the previous editions. Over the past 7…

Infrastructure | Engie Arranges $588 Million in Loans for South Africa Solar

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Johannesburg, South Africa, Capital Markets in Africa: Engie SA arranged 9.2 billion rand ($589 million) in loans for a 100-megawatt solar thermal power project in South Africa. Rand Merchant Bank, Nedbank Ltd., ABSA Capital Ltd. and Investec Plc are among the project’s debt providers, Chadbourne & Parke LLP, the law firm that advised Engie on the deal, said in an e-mailed statement Wednesday. The Kathu solar project in the Northern Cape Province is 48.5 percent owned by…

Infrastructure | IMF’s Lipton Warns Africa Against Infrastructure Debt Traps

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LAGOS, Nigeria, Capital Markets in Africa: African nations need to find the right balance when pursuing infrastructure projects to avoid falling into deeper debt traps, according to David Lipton, First Deputy Managing Director of the International Monetary Fund. “Infrastructure projects can be very successful in supporting growth if countries pick the right projects and carry them out in an efficient fashion,” Lipton said in a interview in the Kenyan capital, Nairobi on Tuesday. “Mistakes or inefficiencies…

Infrastructure | The future of Africa lies inside Africa, AfDB President Says

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Addis Ababa, Capital Markets in Africa: “If we don’t fix Africa’s infrastructure financing gap – which we put at some US $60-70 billion a year – we will continue to take two percentage points off Africa’s annual growth rates. And we cannot allow that to happen,” said African Development Bank President Akinwumi Adesina at the first ever Global Infrastructure Forum in Washington on Saturday. Sharing a panel with the heads of nine other Multilateral Development Banks and…

Infrastructure | The Abraaj Group launches energy development arm dedicated to Global Growth

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London, United Kingdom, Capital Markets in Africa — The Abraaj Group (“Abraaj”), a leading investor operating in global growth markets, today announced the formation of a dedicated project development arm to further extend its investment capabilities in the energy infrastructure space. As a member of The Abraaj Group, Themis Energy (“Themis”) will leverage the Group’s local teams, global network, execution capabilities and existing infrastructure team to originate, develop and manage projects from concept stage to operations….

IFC Investment Boosts Egypt’s Energy Infrastructure, Port Sector

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Cairo, Egypt, Capital Markets in Africa —IFC, a member of the World Bank Group, is providing a financing package of $144 million to Sonker Bunkering Company, SAE, to help develop vital new energy infrastructure and boost the performance and competiveness of Egypt’s ports. IFC’s financing – including a loan of up to $70 million, $52 million mobilized from partners, and $22 million in mezzanine financing – will go toward the development of Egypt’s first private…

AfDB Board approves €70 million for construction of Senegal’s Digital Technology Park

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Abidjan, Cote D’Ivoire , Capital Markets in Africa — In its bid to contribute to promoting Senegal as an information and communications technology (ICT) centre of excellence and a destination for the establishment of call centers, e-commerce, software development, wireless Internet facilities and other ICT market segments, the African Development Bank (AfDB) will inject €70.61 million in the sector. The Board of Directors approved the Senegal Digital Technology Park project on Wednesday, October 21, 2015,…

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