Over the coming decade, affluent Africans—and visitors to the continent—will have a lot more hotel options to choose from. That’s because some of the world’s largest hotel chains are betting big on expansion plans in Africa. AccorHotels, the largest hotel operator in Africa with brands like Sofitel, Novotel and Ibis, set the pace back in July…
It is without doubt that China is an emerging superpower, a position currently occupied by the United States of America. China’s rising power, politically and economically is evident in all aspects of the global economy. China’s rising global stature has made her play a pivotal role in shaping the economic growth and development agenda of the…
The Ugandan cabinet has authorized US $150m loan from the International Development Association (IDA), a member of the World Bank Group, for the construction of safe water sources in more than 20 districts, municipalities, town councils and refuge hosting areas across the country. According to Minister of ICT and National Guidance Mr. Frank Tumwebaze, many of these…
Market research and analysis firm Frost & Sullivan have issued the 2018 Global Renewable Energy Outlook revealing that in 2018, renewable power generation capacity will grow by 13.3% and the global renewable investments will reach US $228.3bn this year. The renewable energy market is expected to achieve 154.6GW of new energy capacity by the end of this…
Market research and analysis firm Frost & Sullivan have issued the 2018 Global Renewable Energy Outlook revealing that in 2018, renewable power generation capacity will grow by 13.3% and the global renewable investments will reach US $228.3bn this year. The renewable energy market is expected to achieve 154.6GW of new energy capacity by the end of this…
South Africa through the Department of Cooperative Governance and Traditional Affairs has committed US $37.6m to water projects in Cape Town following severe drought experienced in the city. According to Cape Town Mayor Patricia De Lille, the droughts resulted in three years of very low rainfall.The funds will majorly be used for the the Cape Flats, Atlantis, and Table Mountain Group Aquifer…
South Africa through the Department of Cooperative Governance and Traditional Affairs has committed US $37.6m to water projects in Cape Town following severe drought experienced in the city. According to Cape Town Mayor Patricia De Lille, the droughts resulted in three years of very low rainfall.The funds will majorly be used for the the Cape Flats, Atlantis, and Table Mountain Group Aquifer…
The Government of Rwanda is set to receive US $266m from the African Development Bank(AfDB) to support the country’s program to improve electricity supply and transform into an export-oriented economy. AfDB Vice President for Power, Energy, Climate Change and Green Growth, Amadou Hott, confirmed the reports and said the funding will enable the construction of 795km of Medium Voltage…
With global liquidity conditions tightening, local currency bond markets have a more important role to play in financing African governments and companies. While Ghana and Nigeria are leading the way, other markets are still in the early stages. Poor transparency and liquidity, and a multiplicity of legal regimes are holding back foreign investment. The pressure…
Slower growth is translating into lower government spending on infrastructure. With an estimated funding deficit of $40 billion a year, private-sector solutions from Africa’s home-grown pension fund industry as well as international insurance firms could help plug the gap. Africa’s infrastructure needs are staggering. Of the region’s population of 1.2 billion people, more than half…