Infrastructure |

IFC Launches Mini-Grid Program to Increase Energy Access in Tanzania

Dar es Salaam, Tanzania, Capital Markets in Africa — International Finance Corporation (IFC), a member of the World Bank Group, this week launched a $5 million program to increase access to energy in Tanzania by developing a market for mini-grids. The initiative aims to bring affordable, off-grid renewable energy to households and businesses in rural Tanzania. IFC will work with project developers in Tanzania to promote commercially viable mini-grid business models, and will advise banks…

African Development Bank speeds US$16 million relief for water and sanitation in Zimbabwe

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Harare, Zimbabwe, Capital Markets in Africa — The African Development Bank Group (AfDB) fast-tracked a grant of US $16-million on Wednesday, September 30, to help clean up the poorest suburbs of the Zimbabwean capital. The first stage of the project will concentrate on removing the raw sewage currently spilled into residential areas and securing the water supply for the most vulnerable areas of Greater Harare, home to 2 million people. Decades of neglect have paid…

AfDB approves US$428 million in energy and infrastructure, transport and water projects in eight African countries

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Abidjan Cote D’Ivoire , Capital Markets in Africa — The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, September 30, 2015 approved combined loans and grants amounting to US $428.43 million to finance projects in energy, infrastructure, transport and water and sanitation in eight African counties – Ghana, Tanzania, Zimbabwe, Guinea Bissau, Guinea, Senegal and Côte d’Ivoire. Under the approvals, Ghana Airports Company Ltd. will receive a loan of US $120…

Guinea plans to build a US$2 Billion Hydropower Dam

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Conakry, Guinea, Capital Market in Africa — Guinea is in talks with China International Water & Electric Corporation (CWE) to build a US$2 billion hydropower dam that would boost the West African country’s energy output, according to Ministry for Energy official, Lansana Fofana. Lansana Fofana, said the proposed dam would double the country’s energy output, providing new capacity for the expansion of bauxite processing. “The idea is to feed the mining industry,” Fofana, the head of…

AfDB approves US$22-million grant to break “triangle of thirst” in West Kordofan, Sudan

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Abidjan, Cote d’Ivoire, Capital Markets in Africa — The African Development Bank Group (AfDB) on Wednesday, September 9 committed a grant of US $22-million to finance water and sanitation facilities in the West Kordofan State of Sudan and a country-wide Institutional Capacity Development Program. More than 130,000 people (69,000 women) in the rural areas of West Kordofan State are targeted beneficiaries. Water supply points will also benefit approximately 730,000 heads of livestock. The Water Sector…

Infrastructure and Migration: Prevention vs. Reaction

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GENEVA, Switzerland, Capital Markets in Africa — In what has been coined the worst migration crisis in Europe since the end of the Second World War, hundreds of thousands of migrants from the Middle East and Africa have flocked to Europe in seek of help. In 2014, roughly 170,000 migrants landed on Italian shores alone. With the rise of movement, there has been a sharp and tragic increase in migrant deaths. The staggering numbers hold deep significance;…

African power utility sector shines bright about the outlook ahead: PwC report

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JOHANNESBURG, South-Africa, (Capital Markets in Africa) — Survey finds companies and sector stakeholders optimistic about a range of key African electricity issues. 96% say there is a medium or high probability that load shedding will be the exception rather than the norm by 2025. Technological change expected to transform prospects for rural electrification. Business model transformation lies ahead for many power utility companies. Power utility companies and stakeholders across Africa anticipate a brighter and different outlook…

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