Finance

CLSG Regional Electricity Interconnector Project Powered On in Sierra Leone
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The CLSG Interconnection line was switched on at Teloma by Sierra Leonean President, Dr Julius Maada Bio, to power up the south and east of the…

IsDB approves US$371m funding for rail and road projects in West Africa
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The West African countries of Senegal, Guinea, the Gambia, Sierra Leone and Niger are all set for major transport infrastructure upgrades.

Funding approved for Ghana's Peduase-Mamfe-Koforidua Scenic Road Project
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Ghana's parliament has approved €150 million for the design and construction of the Peduase-Mamfe-Koforidua scenic road project.

Nigeria's President Buhari Signs N17.127tr 2022 Budget into Law
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Nigeria's President Muhammadu Buhari has signed into law the country's 2022 Appropriation Bill and the 2021 Finance Bill.

US$14m funding for expansion of Rwanda's state-of-the-art King Faisal Hospital
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The King Faisal Hospital (KFH) in Kigali secured US$14 million funding for expansion of its facilities from the Eastern and Southern African Trade…

AfDB approves US$217m finance for Isiolo-Mandera road project in Kenya
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The African Development Bank Group has approved a US$217 million loan to fund a project that will improve road transport services in Kenya’s…

TEF funds 5000 African SMEs from 54 African countries for 2021 Entrepreneurship Programme
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The Tony Elumelu Foundation (TEF) has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme.

ADF approves US$116 million for southern road corridor project in Tanzania
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The Board of Directors of the African Development Fund (ADF) has approved a loan of around US$116 million to the Tanzanian government to upgrade a…

Over US$800m invested in Africa's New Real Estate Era
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Africa’s real estate sector is driving the continent’s economic recovery forward with more than US$800 million disclosed deals taking…

EIB Approves €330m for 225 kV Power Line connecting Guinea and Mali
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The European Investment Bank (EIB) is providing funds for construction of renewable energy infrastructure in West Africa.