The various projects that the private sector can invest in are in road transport, rail and oil
Africa Industry Investment

Private Sector urged to invest in Africa’s Transboundary Infrastructure Projects

NAIROBI – A senior adviser on regional integration and trade at the United Nations Economic Commission for Africa (ECA), Adeyinka Adeyemi, has assured private sector investors that dependable mechanisms have been established to facilitate and safeguard investment in transboundary projects across Africa. “I am pleased to inform you that we now have the PIDA Model […]

The Soroti solar plant in Uganda. By supporting small to medium-sized projects the current energy deficit in Africa can be rapidly reduced at a lower cost with a focus on many small and smart projects.
Africa Industry

Uganda makes major progress in de-risking renewable energy projects

LILONGWE – Uganda, Burundi, Malawi, Zambia and Benin have made significant progress in de-risking renewable energy projects in their countries in 2018. Since launching a year ago, the Regional Liquidity Support Facility (RLSF) has signed agreements with five countries ensuring that their Independent Power Producers (IPPs) receive protection against payment risks that often contribute to […]

The EUR 1.2 billion power generation project will consist of a 420MW hydroelectric power station as well as a 50KM transmission line
Africa Industry

AFC invests in Cameroon’s landmark 420MW Hydro-Electric power station

Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure development finance institution in Africa, has announced that it will invest in the Nachtigal Hydro Power Company (“NHPC”), located 65KM north of Yaounde in Cameroon. The EUR 1.2 billion power generation project will consist of a 420MW hydroelectric power station as well as a 50KM […]

At least some of Ethiopia’s increase in international flight bookings is being attributed to new-found confidence in the wake of reforms carried out by Prime Minister Abiy Ahmed
Africa Industry Travel

Addis Ababa’s Bole airport overtakes Dubai as leading gateway to Sub-Saharan Africa

The extraordinary rise of Ethiopia as a destination and a transfer hub for long-haul travel to Sub-Saharan Africa has been revealed in the latest findings from ForwardKeys which predicts future travel patterns by analyzing 17 million flight booking transactions a day. The data shows that Addis Ababa (Ethiopia’s capital) has grown its volume of international […]

The event will take place in Cape Town from May 14-16 next year
Africa Industry

African Utility Week gets seal of approval from U.S.

The 19th edition of the African Utility Week conference and exhibition in Cape Town has obtained official U.S. Trade Fair Certification from the U.S. Department of Commerce, paving the way for a greater American participation. Along with the recently acquired, co-located event POWERGEN Africa, the event gathers the largest group of power, energy and water professionals in the African […]

Africa Industry

Cape Town meeting to discuss next steps, opportunities for SA’s Black Industrialists Programme

CAPE TOWN – The second Black Industrialists Energy Summit will be hosted in Cape Town from December 11-12 as part of ‘EnergyWeek South Africa.’  The meeting takes place alongside the International Gas Cooperation Summit and the Southern Africa Renewable Energy Summit at the Westin Cape Town Hotel. Localisation policies have become a permanent factor for […]

49 African countries have signed the agreement establishing the continental free trade area, but only 12 countries so far have ratified it, and 22 ratifications are needed by March 2019 to enable it enter into force
Africa EAC Industry

EA countries agree to strenghten regional integration through continental free trade area

KIGALI – Representatives of 14 countries in East African have agreed that the African Continental Free Trade Area, the AfCFTA, represents a unique opportunity to promote regional integration. At the closing session of the three day regional meeting held last week in Kigali, Rwanda, economic experts and decision makers stressed that the implementation of the […]

Countries were encouraged to reflect on how they could balance free movement of persons with protectionism
Africa EAC Industry

Africa’s Protocol on Free Movement of People under spotlight at East African Community meeting

KIGALI – Africa needs a major mindset change so it can tear down the physical and mental borders imposed during colonial times. This will enable so citizens to embrace each other for the betterment of the continent, participants at the 22nd Meeting of the Intergovernmental Committee of Experts (ICE) for Eastern Africa agreed last Wednesday. In […]