Construction works on Tanzania’s US $432m Kinyerezi II power project is set to be completed in October this year. This is according to the site’s Genaral Manager, Mr Shoji Watababe. “We are currently working on a few technical issues before completing the project. The work plan shows that until next month, the project will be concluded,” said Mr…
Construction works on Tanzania’s US $432m Kinyerezi II power project is set to be completed in October this year. This is according to the site’s Genaral Manager, Mr Shoji Watababe. “We are currently working on a few technical issues before completing the project. The work plan shows that until next month, the project will be concluded,” said Mr…
FOREIGN direct investment into Africa dwindled over the past five years, from US$74 billion (roughly N$1 trillion at the current exchange rate) in 2013, slowly dropping to US$41 billion (roughly N$581,2 billion) in 2017. Moreover, global flows of foreign direct investment (FDI) also contracted over the last two years, dwindling by a sharp 23% in…
The Overseas Private Investment Corporation (OPIC) has committed $25m in financing to the Solar Energy Transformation Fund, which will provide loans to companies developing off-grid solar products and solutions for the millions of people in Sub-Saharan Africa and Asia. The OPIC commitment consists of both a senior and a subordinated tranche, which will help catalyze…