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September 28, 2018

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Malawi to receive US $102m for Lilongwe water project

InfrastructureBy adminSeptember 28, 2018

Malawi is set to receive US $102m fund for the Lilongwe Water and Sanitation project (LWSP) following an approval from the World Bank to fund the project. LWSP co-task team leader, Mr. Odete Maximpua confirmed the reports and said the fund includes US $75m credit and a US $25m from the international development. Two thirds of the project…

AfDB grants SA utility $217.9m for expansion programme

Companies & MarketsBy adminSeptember 28, 2018

The African Development Bank has approved a $217.9 million loan to South Africa’s power utility Eskom Holdings, towards the upgrade and expansion of its transmission facilities. The funding supports the Eskom Transmission Improvement Project (ETIP), which will see the construction of 555km of 400kV transmission lines in KwaZulu-Natal and Mpumalanga province and the upgrading of…

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