The African CEO Infrastructure Project Developers Summit calls on Governments to Help Bring Projects to Financial Close More Rapidly

Press release

Port Louis – 18 June 2018: Africa investor (Ai), the international investment and communications group, and Africa50, the pan-African infrastructure investment platform, co-hosted the fourth Ai CEO Infrastructure Project Developers Summit on June 18 in Mauritius. The Summit was opened by Paramasivum Pillay Vyapoory, Acting President of Mauritius, and closed by Aziz Rebbah, the Minister of Energy,…

African Infrastructure Project Developers’ Award Winners announced

Press release

Le Morne , Mauritius; 18 June 2018: Africa investor (Ai), a leading international investment and communications group, today announced the winners of the fourth annual Africa investor (Ai) Infrastructure Project Developers’ Awards 2018. These first-of-their-kind Awards, reward and showcase excellence amongst Africa’s project developers to a growing pan-African and global infrastructure investment and development finance community. They…

African Infrastructure Investment Awards announced in Mauritius

Infrastructure

Le Morne; Johannesburg, Lagos, Nairobi, Cairo, London, New York, 18 June 2018: Africa investor (Ai), a leading international investment and communications group, today announced the winners of the 2018 Africa investor (Ai) Infrastructure Investment Awards. These first-of-their-kind Awards reward and showcase excellence amongst Africa’s infrastructure investors, to a growing pan-African and global infrastructure investment and development finance community.…

Africa’s pension funds can be quite handy

Infrastructure

In Africa, there has been the emergence of an ecosystem built around pension funds. A recent institutional investor study estimated that the ten largest funds in Africa held a combined $310 billion in assets. This has transpired for a number of reasons, not least being the fact that many of these countries are switching from…

OPIC LAUNCHES CONNECT AFRICA INITIATIVE TO INVEST MORE THAN $1 BILLION SUPPORTING INFRASTRUCTURE, COMMUNICATIONS, AND VALUE CHAIN CONNECTIVITY

Infrastructure

WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today launched its Connect Africa initiative which will mobilize more than $1 billion to projects that support transportation, communications, and value chains in Africa over the next three years. The announcement comes as OPIC’s President and Chief Executive Officer Ray W. Washburne embarks…

Angola to Curb Sodiam’s Control of Rough Sales

Infrastructure

Angola plans to allow miners to sell up to 60% of rough diamonds to companies of their choice, including to their own trading divisions, Reuters reported last week. The changes are part of the country’s reforms to its diamond sector under President João Lourenço, who came to power in September. Producers must currently sell through…

Investors want policy certainty to invest in gas

Infrastructure

Investors want policy certainty about the integrated resource plan (IRP) before they put their money behind gas projects, says an independent power producer. Linda Mabhena-Olagunju, founder and managing director of DLO Energy – a group of companies working within the energy and infrastructure sector in Africa – spoke to Fin24 about the challenges in raising…

Control Risks and Oxford Economics: Average Risk-Reward Score Improves on African Continent

Infrastructure, News

LONDON, June 21, 2018 /PRNewswire/ — Zimbabwe, Egypt and Ghana demonstrate the most positive changes for business, followed closely by Nigeria and Mozambique Zimbabwe, Egypt and Ghana are the leaders when comparing their September 2017 risk-reward score with the score from June 2018, according to the Africa Risk-Reward Index from Control Risks and Oxford Economics. Followed closely by Nigeria and Mozambique, these countries show the largest improvement in their reward score, while at the same time…

Investors rally to Nigeria’s business reforms

Infrastructure

The country’s shady internal politics and complex regulatory framework meant that only the hardiest investors braved Africa’s largest market. As in the Great American West, prospectors would set out with gold in their eyes; seeing risk as opportunity if handled correctly. Fortunes were made and lost. As Nigeria now transitions into one of the world’s…

Samaila Zubairu appointed 3rd President & Chief Executive Officer of Africa Finance Corporation

Press release

Lagos, 29 June 2018: Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure development finance institution in Africa, has announced the appointment of Samaila D. Zubairu as the Corporation’s 3rd President & Chief Executive Officer, succeeding Andrew Alli who comes to the end of his tenor, having successfully served in the position since 2008.…