Project Finance |

Japan tops project finance investment into the continent…

Over the last 10 years, the level of project finance investments sponsored by Asian funds in Africa has increased by over 160%, with the amount of fresh capital poured into the continents’ projects such as roads, water sanitation plants and oil and gas pipelines in 2014 alone standing at USD 4.2bn, according to research by global law firm Linklaters. The surge, especially in the last five years, is perhaps surprisingly attributable to Japanese investors, who…

PIC puts R5bn into Northern Cape renewable energy projects

Posted on by The Editorial Team

RENEWABLE energy projects received a boost with the announcement on Wednesday of two new solar power plants to be built in the Northern Cape. The Public Investment Corporation (PIC) will invest R4.4bn, buying a 20% stake in each plant and providing debt funding for both totalling R600m. Worth R22bn, the Ilangalethu and Xina power stations are expected to contribute a combined 200MW to the national electricity grid. It usually takes two years to build a…

Siemens to supply turbines for Egyptian power plant

Posted on by The Editorial Team

CAIRO, March 10 (Reuters) – Siemens will supply four turbines to a power plant near Egypt’s Suez City to add more than 650 megawatts (MW) of power generation to the creaking national grid, suggesting that government efforts to encourage investment are bearing fruit. The German industrial group said on Tuesday it was awarded a contract to supply the E-Class turbines to the Attika Power Plant under a supply contract with El Sewedy Power System Projects….

Nigeria Must Reduce Thirst for Oil Revenues, Says IMF

Posted on by The Editorial Team

Mobilizing more non-oil revenue is critical to Nigeria’s future growth, the International Monetary Fund concluded in a report this week on Nigeria’s economic and monetary policies. Although oil represented only 13% of gross domestic product in 2013 — services accounted for more than 50% — oil remains critical to Nigeria as a revenue and foreign-exchange source. But in order to ensure future economic stability, the country must reduce its dependence on oil revenues and strengthen…

Continued Reforms are Necessary Despite the Slowdown in Exploration Projects

Posted on by The Editorial Team

Investors are likely to delay the development of oil and gas projects in sub-Saharan Africa and change the scope of their early-stage projects due to the sharp decline in oil and gas prices. Mark Essex, director of Oil and Gas: KPMG in Kenya, says host countries will be disappointed by the postponement of the development of these projects as they have worked hard at making their countries attractive investment destinations for oil and gas players….

BOAD is raising XOF115 billion to support the 2014-2015 cotton season in Benin

Posted on by The Editorial Team

COTONOU, Benin, February 20, 2015/ — For the third consecutive year, the West African Development Bank (BOAD) (http://www.boad.org) in its capacity as Arranger, is raising funds to support the cotton season in Benin. The Agreement relating thereto was signed by and between Mr. Christian Adovelande, President of BOAD and the Managing Director of the Office national de soutien des revenus agricoles (National office for farm income support) (Borrower) and the Managers of local banks involved…

Ethiopia sets sights on building new airport, beyond Addis Ababa expansion project

Posted on by The Editorial Team

A major infrastructure project in Ethiopia designed to expand the capacity for handling passengers passing through the capital’s airport is on course for completion in 2018, but moves are already under way to build an additional airport. Bole International Airport, on the edge of Addis Ababa, will be able to triple the number of passengers it handles from the current level of around seven million annually when the expansion project is completed, Ethiopian Airports enterprise…

« 1 2 3 4 5 »