Transportation

Kenyan Agency Mulls $1.46 Billion Bond to Repair Damaged Roads

Posted on by The Editorial Team
Kenyan Agency Mulls $1.46 Billion Bond to Repair Damaged Roads

NAIROBI (Capital Markets in Africa) – A Kenyan government agency plans to offer 150 billion shillings ($1.46 billion) of bonds to fund repairs to roads in the East African nation that have suffered from historic neglect. The Kenya Roads Board is seeking approval from the Treasury to begin a July offering of the first tranche of debt that’ll be backed by a tax on fuel imports that provides a steady income, according to Executive Director Jacob Ruwa….

Read More

South Africa Picks Ports for $3.7 Billion LNG Infrastructure

Posted on by The Editorial Team
South Africa Picks Ports for $3.7 Billion LNG Infrastructure

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…

Read More