JOHANNESBURG – Absa Corporate and Investment Bank (CIB) yesterday said that it planned to expand its agriculture loan book to countries such as Ghana, Kenya, Tanzania, Uganda and Zambia, due to good long-term growth prospects in the rest of the continent. Absa CIB agriculture head Roux Wildenboer said the lender wanted to grow its footprint…
Cape Town, South Africa, One & Only Hotel; 3 September 2019: Africa investor (Ai), a leading international investment and communications group, today announced the highly-anticipated release of the shortlisted candidates for the 2019 Ai Infrastructure Investment Awards. The Awards will be presented during the African Sovereign Wealth and Pension Fund Leaders’ Summit on the…
The government of Mozambique is set to construct a gas-fired power station in Beluluane, in Boane district about 30 kilometres west of Maputo. Beluluane Gas Company SA received approval from the government allowing them to develop the power station that will generate 2,000 megawatts of electricity. The approval also included a terms and conditions of…
The government of Rwanda is set to invest US $13m in construction of new primary and secondary school classrooms, latrines and washrooms among other school facilities. Rose Baguma, the Director General of Education and Planning in the Ministry of Educationannounced the reports and said the moves comes after the Ministry of Finance increased the budget for the education…
Zambia and Botswana have signed a US $259m agreement to construct a 430km long railway to link the two countries across the Kazungula Bridge. Zambia Railways Ltd and Botswana Railways’ boards resolved during a meeting held in Kasane to facilitate the construction of the lengthy line and a show of cooperation. According to Zambia Railways…
Zambia and Botswana have signed a US $259m agreement to construct a 430km long railway to link the two countries across the Kazungula Bridge. Zambia Railways Ltd and Botswana Railways’ boards resolved during a meeting held in Kasane to facilitate the construction of the lengthy line and a show of cooperation. According to Zambia Railways…
Tanzania marked the beginning of construction of Rufiji power plant Rufiji Hydropower Project (RHPP) at Stiegler’s Gorge with President John Magufuli laying the foundation stone. The government officially handed over the area around the 2,115-MW Rufiji hydro project to joint venture contractors Arab Contractors Company and Elsewedy Electric Company. Arab Contractors received a contract to design and construct the…
Tanzania marked the beginning of construction of Rufiji power plant Rufiji Hydropower Project (RHPP) at Stiegler’s Gorge with President John Magufuli laying the foundation stone. The government officially handed over the area around the 2,115-MW Rufiji hydro project to joint venture contractors Arab Contractors Company and Elsewedy Electric Company. Arab Contractors received a contract to design and construct the…
Initial $155 million investment nine years ago now worth more than $1.24 billion. The value of the 10% investment the California Public Employees’ Retirement System (CalPERS) made in London’s Gatwick Airport nine years ago has skyrocketed, turning an initial $155 million investment into a stake worth more than $1.24 billion. The disclosure came during the…
Initial $155 million investment nine years ago now worth more than $1.24 billion. The value of the 10% investment the California Public Employees’ Retirement System (CalPERS) made in London’s Gatwick Airport nine years ago has skyrocketed, turning an initial $155 million investment into a stake worth more than $1.24 billion. The disclosure came during the…