Finance

Nigeria FG Grants NLNG N20bn Tax Waiver for Bodo Bonny Bridge Construction
31 Views

Nigeria's Federal Government has granted the NLNG Company N20 billion (approx. US$49 million) tax waiver for the Bodo-Bonny road and bridge…

AfDB signs US$348m financing agreements for Uganda road projects
7 Views

The African Development Bank (AfDB) and the Government of Uganda have signed two financing agreements totaling around US$348 million for the…

DP World to invest US$1bn in Infrastructure on Ethiopian side of Berbera Corridor
24 Views

Dubai's DP World and Ethiopia's Ministry of Transport have signed an agreement to develop the Ethiopian side of the road linking…

Ksh3.7bn Budgeted for Malaba Rail Link in Kenya
13 Views

A supplementary budget has allocated Ksh3.7 billion to construct a railway line connecting the Standard Gauge Railway (SGR) to the old track…

Botswana: Tlou Energy Announces Funding Update for Lesedi Project
19 Views

Tlou Energy has announced a new update on funding for Lesedi power project. 

African Union Aims to Set Up Infrastructure Fund for the Continent
12 Views

The African Union intends to set up a fund to finance construction of much-needed infrastructure in the continent. 

African Economic Outlook 2021: Africa’s growth prospects bullish despite COVID constraints and debt burden
7 Views

Despite the challenging backdrop of a global pandemic and external economic shocks, Africa is expected to recover from its worst recession in half…

Angola: African Development Bank funds US$530m electricity project
18 Views

The African Development Bank has committed US$530 million to finance the construction of a 343 km, 400 kV central-south transmission line that…

Namibia Tops List for Best Quality Roads in Africa
24 Views

Namibia has retained its top position for having the best roads in Africa for the 5th year in a row. 

AfDB approves US$43m for Madagascar power transmission project
14 Views

The Board of Directors of the African Development Bank has approved a loan of US$42.9 million to finance the second phase of a major power…