The African Continental Free Trade Area Agreement is one of the most ambitious projects of the African Union, and it is now, miraculously, in force. But that’s just the first step. The next phase will be crucial negotiations about the operational framework. The African Continental Free Trade Area Agreement (AfCFTA) came into force on 30…
By Anita Chepkoech The government is negotiating with China for a loan of about Sh370 billion to complete the third phase of the standard gauge railway. According to Kenya Railways Acting Director Philip Mahinga, the corporation is also holding talks to finance a system that will ensure the railway, its passengers, goods and equipment are…
India’s third-largest telecom company Bharti Airtel Ltd said on Tuesday it will raise $750 million (about Rs 5,200 crore) by selling shares of its Africa unit via an initial public offering (IPO) and list them on the London Stock Exchange (LSE). In case of an oversubscription, the company will raise an additional $112.5 million (15%…
Construction works on the modern 14th Gobachop Market in Paynesville, near Monrovia in Liberia on track and progressing well. The market which is being built at cost of US $3.8m is fast leaving foundation level, with other mini buildings including the six compartments of toilet, generator room and bathroom almost completed. Gobachop Market The 14-Gobachop…
Egypt is set to commence construction of US $3.9bn monorail l transport system that will connect the New Administrative Capital (NAC), now under construction, with other major towns. This is after a contractor, Bombardier Transportation, was awarded the lucrative tender to implement the mega project. New monorail system The new monorail system will consist of two…
Egypt is set to commence construction of US $3.9bn monorail l transport system that will connect the New Administrative Capital (NAC), now under construction, with other major towns. This is after a contractor, Bombardier Transportation, was awarded the lucrative tender to implement the mega project. New monorail system The new monorail system will consist of two…
Egypt is set to commence construction of US $3.9bn monorail l transport system that will connect the New Administrative Capital (NAC), now under construction, with other major towns. This is after a contractor, Bombardier Transportation, was awarded the lucrative tender to implement the mega project. New monorail system The new monorail system will consist of two…
Integrated Polytechnic Regional Centre (IPRC-Musanze) in Rwanda is set to undergo a US $16m facelift. Rao Hongwei, the Chinese ambassador to Rwanda performed the ground breaking ceremony. The new campus is part of China-aided project which they have fully financed. Located in the rural part of Bikara Cell in Nkotsi Sector, Musanze District, the complex…
Tanzania and Zambia are set to construct an oil pipeline running from Tanzania’s commercial capital Dar Es Salaam to the Zambian mining city of Ndola at a cost of US $1.5bn. Tanzania Energy Minister Medard Kalemani confirmed the reports and said that the pipeline will be built by both countries to transport refined products between the neighbouring…
Plans are underway to install several small solar power plants with a total production capacity of 2MW in Senegal as part of a project launched by National Electricity Company of Senegal (Senelec), the public company that distributes electricity in Senegal. The mini hybrid power plants will be fitted with batteries that can store up to…