Category: Infrastructure

GOIL to Commission Additional 12,000 Metric Tons of Liquefied Petroleum Gas (LPG) Storage Capacity in Ghana

CAPE TOWN, South Africa, October 7, 2025/ — GOIL PLC, Ghana’s leading oil and gas marketing company, is planning to commission an additional 12,000 metric tons of liquefied petroleum gas (LPG) storage capacity in the next year, anchored by a $50 million investment. Speaking during a panel at Africa Energy Week (AEW): Invest in African Energies 2025, Edward Abambire Bawa, Group CEO and Managing Director of GOIL PLC, said the company was spearheading a transformative expansion in LPG storage capacity to address growing domestic demand and to strengthen the country’s…

AIM Congress Announces 15th Editin for 2026

Dubai, United Arab Emirates, 6th October 2025: The Organizing Committee of AIM Congress, the world’s leading investment platform, has officially announced the launch of its 15th edition under the theme: Reshaping Global Prosperity: Unlocking New Investment Pathways Towards a Sustainable and Inclusive Future. AIM Congress will be held from 13 to 15 April 2026 in Dubai World Trade Centre (DWTC), Dubai, United Arab Emirates. AIM Congress, recognized globally as a premier event dedicated to steering sustainable investment trends, will address strategies to navigate major economic transformations. The event aims to…

China invests $5.6 billion in Morocco to build Africa’s first of its kind

By Greta Taubert, First Published, September 14, 2025 Liravi in News Morocco is making history with a massive $5.6 billion investment from China to build Africa’s first-ever battery gigafactory. This project isn’t just about construction; it’s a symbol of a new era where Africa and China are joining forces to transform the continent’s role in the global energy and automotive sectors. This huge step forward signals Morocco’s strategic rise as a key player in the worldwide clean energy race. With the gigafactory set to deliver cutting-edge technology, it’s a win for both innovation and economic development. What…

President Chairs Follow-up Meeting on Airport Redevelopment Project

Seychelles,President Wavel Ramkalawan this afternoon chaired a follow-up meeting to review progress on the Airport Redevelopment Project according to an official statement issued by the Office of the President in Victoria,Friday. The meeting,the statement said, follows an initial site visit and working session chaired by the President at the Seychelles International Airport on 31st July, during which the committee committed to reconvening one month later to assess developments and further expand on the proposals put forward. Also in attendance, the statement  disclosed,were Vice-President Ahmed Afif, the Minister for Transport, the…

AfDB-Ethiopian Airlines Join Hands for USD10 Billion Mega Airport Project to Deliver a game Changer for Africa and Global Aviation

Ethiopia’s ambition to build a new international airport that will rival some of the world’s biggest, took off on Monday with a monumental signing ceremony marking the African Development Bank’s role (www.AfDB.org) as the initial mandated lead arranger, global coordinator and book runner to mobilize nearly $8 billion of the $10 billion needed for the mega project an official statement disclosed in Addis Ababa,Wenesday. The Bank,the statement said  plans to provide financing of $500 million, subject to Board approval. The mandate letter,it added, was signed by Ethiopian Airlines Group Chief…

Nigeria: African Development Bank to join groundbreaking ceremony of Special Agro-Industrial Processing Zone in Oyo State

ABUJA, Nigeria, August 1, 2025/ — The Federal Government of Nigeria and the Oyo State Government will be joined by the African Development Bank (www.AfDB.org) for the groundbreaking ceremony of the Oyo State Special Agro-Industrial Processing Zone (SAPZ). Headlining the ceremony, to be held 2 August 2025 in Ijaiye, Akinyele Local Government Area, will be Nigeria’s Vice President, Kashim Shettima, African Development Bank Group head, Dr. Akinwumi A. Adesina, and Oyo State Governor, Engr. Seyi Makinde, alongside senior government officials, development partners, and private sector leaders. The SAPZ Programme is…

Nigeria: African Development Bank to join groundbreaking ceremony of Special Agro-Industrial Processing Zone in Oyo State

ABUJA, Nigeria, August 1, 2025/ — The Federal Government of Nigeria and the Oyo State Government will be joined by the African Development Bank (www.AfDB.org) for the groundbreaking ceremony of the Oyo State Special Agro-Industrial Processing Zone (SAPZ). Headlining the ceremony, to be held 2 August 2025 in Ijaiye, Akinyele Local Government Area, will be Nigeria’s Vice President, Kashim Shettima, African Development Bank Group head, Dr. Akinwumi A. Adesina, and Oyo State Governor, Engr. Seyi Makinde, alongside senior government officials, development partners, and private sector leaders. The SAPZ Programme is…

KenGen Cancels and Reopens Tender for $247.5 Olkaria VII Geothermal Plant Consultancy Work

First Published on Jun 23, 2025 by M Kubwa,Construction Review Kenya’s state-owned electricity generator KenGen has been ordered to cancel a tender worth millions of shillings for the Olkaria VII Geothermal Plant Consultancy Work. This tender was awarded to an Italian company for consultancy services of the upcoming $247.5 million Olkaria VII Geothermal Plant. Reason for the Cancellation of Olkaria VII Geothermal Plant Consultancy Work Tender The Public Procurement and Regulatory Authority tribunal ruled out the the power producer company had unfairly awarded the tender to ELC Electroconsult SPA. ELC Electroconsult SPA…

Ethiopian Airlines Group and African Development Bank sign Letter of Intent for financing of world-class Abusera International Airport

ABIDJAN, Ivory Coast, March 25, 2025/ — The African Development Bank (www.AfDB.org) and Ethiopian Airlines Group have signed a Letter of Intent for the development of the East African nation’s planned Abusera International Airport Project. The $7.8 billion project aims to address increasing passenger and cargo demands, reinforce Ethiopia’s position as a leading aviation hub, and stimulate regional economic growth. Chief Executive Officer of Ethiopian Airlines Group Mesfin Tasew Bekele signed the Letter of Intent with African Development Bank Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo,…

For a successful integration, Africa needs an operating system update (By Amadou Hott)

DAKAR, Senegal, February 19, 2025/ — Senegal’s official nominee for the position of President of the African Development Bank, Former Minister of Economy and planning, Senegal (www.AmadouHott.com). Ask any traveler about their experience moving across parts of Africa, and you will likely hear about familiar challenges: high costs, indirect routes, and unpredictable schedules that can make even the simplest journeys more complicated and costly. These travel hurdles highlight the immense opportunity to further strengthen Africa’s integration and unlock seamless connectivity across the continent. The potential is undeniable. According to the…