Helios Towers Plc wants to enter South Africa within the next year, helping the mobile phone tower operator build scale as it prepares for a stock market listing as early as 2019. Helios is in talks with potential partners to comply with South Africa’s black economic empowerment requirements and wants to establish a local business in…
Details Kenya is set to commence construction of a second bridge Nyali crossing in Mombasa. This is after the Kenya Urban Roads Authority (KURA) identified three firms to partner with under Public-Private Partnership (PPP). Kura communication officer John Cheboi confirmed the reports and said the firms selected include; Nyali Connect Consortium, IHI-Join-Acciona Consortium and Strabag AG. He however clarified that…
Details The government of Uganda is seeking a whooping US $4.5bn to invest in electricity transmission and distribution network over the next ten years in bid to improve reliability of power supply in the country. According to a report from the Finance Ministry, the proposed transmission segment project is expected to cost US $3.5bn, money the government…
Details The Egyptian government is set to invest US $83m in water and sanitation projects in bid to reduce water deficit facing the country. This comes after The Ministry of Irrigation and Water Resources signed an agreement with European Union (EU) to provide for cooperation under the National Plan for Water and Irrigation until 2037 as well as on some projects…
Details South African President Cyril Ramaphosa appointed former central bank Governor Tito Mboweni as his finance minister on Tuesday, replacing Nhlanhla Nene, who lied about his meetings with three businessmen accused of plundering state funds. Mboweni, the nation’s fifth finance chief in less than three years, will have to oversee an economy that’s fallen into recession…
Details President Donald Trump is expected within days to approve an initiative to overhaul US investment strategy in Africa. Kenya is likely to benefit from the plan designed by key figures in the US Congress in response to China’s enhanced economic and political influence in the Sub-Saharan region. A State Department official told reporters last week…
Details President Donald Trump is expected within days to approve an initiative to overhaul US investment strategy in Africa. Kenya is likely to benefit from the plan designed by key figures in the US Congress in response to China’s enhanced economic and political influence in the Sub-Saharan region. A State Department official told reporters last week…
Details https://www.youtube.com/watch?v=EqtcIpAePO4
While the nation has been transfixed by the confirmation hearings of Judge Brett Kavanaugh for a seat on the Supreme Court, Congress passed significant legislation on Africa that has attracted virtually no attention. On October 3, the Senate passed the Better Utilization of Investments Leading to Development Act, better known as the BUILD Act. President…
Details 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…
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