Aliko Dangote has made a fortune out of cement and food processing. Now, Africa’s richest person is embarking on a bigger challenge: a $15 billion investment in oil, gas and petrochemicals that could, if he pulls it off, transform Nigeria’s economy. Aliko Dangote The 61-year-old is building one of the world’s biggest oil refineries near Lagos, the commercial…
Impact on Africa; Micro-Finance remains the key growth in Africa. EFG Hermes continues and grows its African footprint and importance into sector of high relevance. ASA has an extensive African footprint, including Nigeria, Kenya, Ghana, Tanzania. Ghana, Tanzania, 13 July 2018 (Dubai and London) — EFG Hermes, a leading financial services corporation in…
Ethiopia needs $7.5 billion to finish infrastructure projects such as a massive dam and roads that the government hopes will drive industrialisation, the new prime minister said on Friday. Speaking to parliament before its vote on the 2018/19 budget, Abiy Ahmed said the government needed to be more efficient and prudent in its spending of…
Dangote Cement Plc, Africa’s biggest producer of the building material, may carry out its long-planned listing of shares in London after Nigerian elections early next year, as it considers expansion through takeovers. “We are working on it and we’ll look at it in 2019,” Edwin Devakumar, group executive director at Dangote Industries Ltd., said in an interview…
Tanzania has had to defend the proposed Stiegler Gorge power project to the United Nations Educational, Scientific and Cultural Organisation (Unesco) at the 42nd meeting of the World Heritage Committee, in Bahrain. The multi-billion project, which is expected to generate 2,100MW after the construction of a large dam along the Rufiji River in the Selous…
An innovative multi-million-dollar programme in Kenya seeks to connect 14,000 households and businesses to green mini-grids by the end of 2018. The programme dubbed the Green Mini Grid (GMG) Facility Kenya aims to achieve this through scaling up private utilities delivering renewable electricity to rural communities. It is based on results-based financing and could be a model…
Port Louis – 18 June 2018: Africa investor (Ai), the international investment and communications group, and Africa50, the pan-African infrastructure investment platform, co-hosted the fourth Ai CEO Infrastructure Project Developers Summit on June 18 in Mauritius. The Summit was opened by Paramasivum Pillay Vyapoory, Acting President of Mauritius, and closed by Aziz Rebbah, the Minister of Energy,…
Le Morne , Mauritius; 18 June 2018: Africa investor (Ai), a leading international investment and communications group, today announced the winners of the fourth annual Africa investor (Ai) Infrastructure Project Developers’ Awards 2018. These first-of-their-kind Awards, reward and showcase excellence amongst Africa’s project developers to a growing pan-African and global infrastructure investment and development finance community. They…
Le Morne; Johannesburg, Lagos, Nairobi, Cairo, London, New York, 18 June 2018: Africa investor (Ai), a leading international investment and communications group, today announced the winners of the 2018 Africa investor (Ai) Infrastructure Investment Awards. These first-of-their-kind Awards reward and showcase excellence amongst Africa’s infrastructure investors, to a growing pan-African and global infrastructure investment and development finance community.…
In Africa, there has been the emergence of an ecosystem built around pension funds. A recent institutional investor study estimated that the ten largest funds in Africa held a combined $310 billion in assets. This has transpired for a number of reasons, not least being the fact that many of these countries are switching from…