When Ivory Coast put out a tender to build a bridge over the lagoon in its commercial hub of Abidjan, 10 out of the 18 companies that expressed interest were either Chinese firms or in partnership with them. China State Construction Engineering Corp. won the contract in May. The 109 billion CFA francs ($191 million)…
The Nigerian Sovereign Investment Authority (NSIA) recently released its 2017 financial report. One of the takeaways from that report is that net profit took a turn for the worse falling from N149 billion to N27 billion representing a decrease of 82%. The media is already awash with that news and we will, therefore, not bother…
On Thursday, the World Bank revealed that in fiscal year 2018, 32.1% of its financing had climate co-benefits – already exceeding the target set in 2015 that 28% of its lending volume would be climate-related by 2020. “We have not just exceeded our climate targets on paper, we have transformed the way we work with…
The Central Energy Fund of South Africa and ACWA Power have entered into a cooperation agreement to co-invest in renewable energy projects the first of which will be the 100MW Redstone concentrated solar thermal power (CSP) plant in the country’s Northern Cape Province. The agreement was signed on the occasion of South African President, Cyril…
The Zimbabwe National Water Authority (Zinwa) is set to introduce prepaid water system for all local authorities by September this year and institute stop order payment arrangements for other bulk water consumers in order to rein in problem debtors. According to Acting chief executive Engineer Taurai Maurukira, during Zinwa’s annual general meeting (AGM) in Harare,…
Plans are underway to build South Africa’s first solar-powered desalination plant at Witsand in the Hessaqua municipality.This will be an addition to at least four desalination plants operating in the Western Cape. French ecology minister Nicolas Hulot who attended the launch of the project together with Western Cape finance MEC Ivan Meyer said the french…