South Africa plans to construct a mega bridge dubbed Msikaba Bridge which will be the second longest bridge after Maputo-Catembe Bridge in Mozambique at a cost of a whooping US $5bn. The South African National Roads Agency(Sanral) confirmed the reports and said the winning bid was a joint venture between South Africa’s Concor and Mota-Engil – a major…
Details The ministry of Housing and Urban Development in Kenya has awarded Chinese Wu Yi Company Limited, Sinohydro Corporation and China Roads and Bridges Corporation tender to build 1, 500 low-cost homes Nairobi’s Park Road. According to the tender document published by the ministry, the developer is expected to build 400 units from the commencement date…
Details The ministry of Housing and Urban Development in Kenya has awarded Chinese Wu Yi Company Limited, Sinohydro Corporation and China Roads and Bridges Corporation tender to build 1, 500 low-cost homes Nairobi’s Park Road. According to the tender document published by the ministry, the developer is expected to build 400 units from the commencement date…
Details South Africa and Rwanda are set to receive US $500m from the African Development Bank (AfDB) to help fund the upgrade and expansion their power grids, in line with the AfDB ‘High 5s’ programme which aims at tackling the power problem by improving access to electricity to Africa bringing with it industrialization and economic development. Amadou Hott, AfDB vice president…
Details South Africa state-owned power utility Eskom has successfully synchronized unit 2 of the Medupi Power Station, set to be the largest dry-cooled power station in the world once complete to the national power grid eight months ahead of schedule. Eskom’s group executive for group capital, Abram Masango confirmed the report and said, the unit was loaded to…
Details frican exchanges largely performed well in 2018, but there are some challenges taking shape African stock exchanges have performed fairly well on the whole this year, but the Turkish lira crisis in August sent shockwaves of worry across emerging markets. As interest rates rise in the US and other Western markets, emerging markets are expected…
Details Foreign investors piled into South African government bonds ahead of a scheduled review of the country’s debt ratings by Moody’s Investors Service on Friday. Non residents were net buyers of 4.3 billion rand ($269 million) of debt on Thursday, the most since Feb. 20. Moody’s rates the country’s long-term debt at Baa3, the lowest investment…
Details GE Power has announced that it has won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM, its joint venture with Atomenergomash. The solutions provider will supply the basic design of four conventional islands, supply four nuclear turbine generator sets, including the Arabelle half-speed steam turbines, as…
Details GE Power has announced that it has won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM, its joint venture with Atomenergomash. The solutions provider will supply the basic design of four conventional islands, supply four nuclear turbine generator sets, including the Arabelle half-speed steam turbines, as…
Details Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose. The facility from CEXIM marks AFC’s inaugural financing facility from…
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