Investment | - Part 41

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

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…

Ghana Airports Company boosts by AfDB’s US$120-million corporate loan

Posted on by The Editorial Team

Accra, Ghana, Capital Markets in Africa — On September 30, 2015, the Board of Directors of the African Development Bank (AfDB) approved a US$120 million corporate loan to support Ghana Airports Company Limited’s (GACL) capital investment programme. The programme entails the construction of a new terminal at Kotoka International Airport (KIA) in Accra, and rehabilitation of other airports managed by GACL including Kumasi, Tamale, Ho and Wa Airports. The loan is the first private-sector investment…

AfDB approves US $141.71million for the Dar es Salaam Bus Rapid Transit System Project

Posted on by The Editorial Team

Dar es Salaam, Tanzania, Capital Markets in Africa — The Board of Directors of the African Development Bank Group approved on Wednesday, September 30, 2015, two loans totaling US $141.71 million to finance the second phase of the Dar es Salaam Bus Rapid Transit (BRT) System Project. The US $97.42-million loan from the AfDB market window and the US $44.29-million loan from the Africa Growing Together Fund (AGTF)* will support Tanzania Government’s efforts to decongest…

The AfDB injects US$14.4 million to boost industrial competitiveness in Côte d’Ivoire

Posted on by The Editorial Team

Abidjan Cote D’Ivoire, Capital Markets in Africa — The African Development Bank (AfDB) formally approved a grant of 8.226 billion CFA francs (approximately US $14.4 million) to Côte d’Ivoire from the African Development Fund (ADF) to fund the Support to Industrial Competitiveness Enhancement Project (PARCSI). This project forms part of a broader AfDB assistance package to support implementation of the country’s restructuring programme, which includes efforts to modernise businesses and update Côte d’Ivoire’s export strategy….

African Guarantee Fund Aquires GARI Fund

Posted on by The Editorial Team

Nairobi, Kenya, Capital Markets in Africa — The African Guarantee Fund for Small and Medium Enterprises (AGF) has today completed its USD 35million acquisition of Guarantee Fund for Private Investments in Africa (GARI). The process that began in April 2014 has been approved by the Central Bank of West African Economic and Monetary Union (WAEMU) and will culminate in AGF’s acquisition of 80.56% of the outstanding shares of GARI. GARI was incorporated as an initiative…

Investisseurs & Partenaires takes minority stakes in Enval and PEG Africa

Posted on by The Editorial Team

Abidjan, Cote d’Ivoire, Capital Markets in Africa — The €54 million I&P Afrique Entrepreneurs (IPAE) fund, managed by Investisseurs & Partenaires, has recently invested, as minority stakeholders, in two companies based in West Africa. Both of them demonstrate the great innovation capacity of African SMEs, as they play a pioneering role in their respective domains of activity. ENVAL LABORATOIRE, located in Ivory Coast, is one of the most important laboratories of physico- chemical and microbiological…

DHL invests about 47 Million Euro in Sub-Saharan Africa

Posted on by The Editorial Team

JOHANNESBURG, South-Africa (Capital Markets in Africa) — Frank Appel, Chief Executive Officer of Deutsche Post DHL Group, visited South Africa and Nigeria this week. The visit demonstrated the overall importance of emerging markets in the Group’s Strategy 2020: Focus.Connect.Grow., and in specific the encouraging development of Sub-Saharan Africa. During his stay in South Africa and Nigeria, Frank Appel met with employees and customers, and visited several logistics facilities. Affirming the Group’s focus on emerging markets, Frank…

« 1 … 39 40 41 42 43 … 48 »