Category: Infrastructure

African Development Bank expands urban support program to six new cities

TUNIS, Tunisia, June 26, 2024/ — The African Development Bank’s (www.AfDB.org) Urban and Municipal Development Fund (UMDF) (https://apo-opa.co/4exYmAh) has expanded its African Cities Program to cover six new cities across the continent. The expansion, approved by the Fund’s 13th Oversight Committee, will help bolster urban development and address critical challenges faced by rapidly growing African cities. The newly included cities are: Kolwezi, the Democratic Republic of Congo: mining town grappling with rapid urban growth and environmental issues. Grand Nokoué, Benin: an economic hub with over two million inhabitants. Buffalo City, South Africa:…

Read More →

Energy for Growth in Africa Initiative Unveiled

By.Mohammed A.Abu The decades long delay in fulfilment of pledges made by the Global South towards  climate change impact funding  in the Global North hasn’t helped the course of the global transition from fossil fuels derived energy to renewable energy as global warming and climate change impact bites deeper. Indeed, lack of external affordable funding for renewable energy projects in both the public and private sectors of countries in the Global South with particular reference to Africa, the world’s most energy poor continent, has since given rise to the legitimate…

Read More →

Africa Finance Corporation’s year of impact sees major expansion of projects and investment

LAGOS, Nigeria, April 8, 2024/ — Africa Finance Corporation (AFC) (www.AfricaFC.org), Africa’s leading infrastructure solutions provider, has announced its most impactful year to date, with unprecedented expansion of projects and investments spanning energy, transportation, mining, food, textiles and climate resilience. Underpinning robust growth in earnings and total assets, AFC successfully navigating the global geopolitical, inflationary and debt distress challenges of 2023 to implement critical infrastructure projects across multiple sectors that are central to Africa’s structural transformation and sustainable development. Landmark initiatives include Djibouti’s first wind farm, with AFC as lead…

Read More →

Construction begins on world’s largest solar tower, Delingha solar, China

First Published, Mar 29, 2024 by nathan   Construction has begun on the world’s largest solar tower, a 200 MW project in western Haixi, China. Undertaken by Power China Northwest, the Delingha solar hybrid tower was invested by CGN New Energy and will be constructed in two phases. Each phase consists of 800 MW of PV and 200MW CSP. At the moment, it’s the CSP part of the first phase of the project that started the construction. It is also the world’s largest solar tower CSP project in single-unit capacity under construction. How the plant…

Read More →

About Undersea Cable disruptions adverse Impact on Data Services

…….As They Meet NCA in Accra for Further Updates Story: Mohammed Abu The subsea cable landing service providers have remotely identified the approximate locations of the damage and have made preparations to dispatch repair vessels to the location for physical assessment and restoration. Based on that, the subsea cable landing service providers have indicated an estimated time frame of a minimum of five (5) weeks for full service restoration from the time the vessels are dispatched to the various locations. This was disclosed in a Press Release issued in Accra,Saturday,by…

Read More →

12 Infrastructure Priorities Launched at Sustainable Infrastructure Development Symposium South Africa (SIDSSA) 2024

CAPE TOWN, South Africa, March 19, 2024/ — Twelve major infrastructure projects have been launched with the aim of driving public and private sector-led development in South Africa. The projects span transport, storage and communication; electricity, gas and water; community, social and personal services; mining and quarrying; and agriculture, forestry and fishing sectors, and fall under South Africa’s 2024/2025 infrastructure pipeline. The launch of the projects – which will receive support from Infrastructure South Africa – was announced during the Sustainable Infrastructure Development Symposium South Africa (SIDSSA) 2024 in Cape Town…

Read More →

Africa needs China for its digital development – but at what price?

Author: Stephanie PhD Candidate, University di Bologna First Published: February 27, 2024 4.08pm SAST Digital technologies have many potential benefits for people in African countries. They can support the delivery of healthcare services, promote access to education and lifelong learning, and enhance financial inclusion. But there are obstacles to realizing these benefits. The backbone infrastructure needed to connect communities is missing in places. Technology and finance are lacking too. In 2023, only 83% of the population of sub-Saharan Africa was covered by at least a 3G mobile network. In all other regions…

Read More →

From Africa to Europe: Securing investment for gas export infrastructure

PARIS, France, January 24, 2024/ — Africa’s abundant natural gas reserves represent an attractive opportunity for monetization and export, aligning with Europe’s growing demand for cleaner and more energy. This synergy has set the stage for heightened Africa-Europe trade and partnership, with a focus on gas-directed investments. The upcoming Invest in African Energy (IAE) forum in Paris on May 14–15 will serve as a focal point of this topic, bringing together African nations with European investors who are eager to tap into Africa’s gas resources and unlock new sources of power.…

Read More →

African Development Bank approves $696.41 million of financing for Burundi and Tanzania to build 650 kilometers of rail infrastructure to develop the Central Corridor network

ABIDJAN, Ivory Coast, December 13, 2023/ — The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved various financing structures valued at $696.41 million for Burundi and Tanzania to start Phase II of the Joint Tanzania-Burundi-DR Congo Standard Gauge Railway (SGR) Project. The Bank Group’s financing is intended to construct 651 kilometers on the Tanzania-Burundi railway line. The work will consist of the development of a single electrified standard gauge track. This will be subdivided into three lots: Tabora – Kigoma (411 km) and Uvinza – Malagarasi…

Read More →

Africa Finance Corporation exits stake in Ghana’s Takoradi Port to Yilport Holding

LAGOS, Nigeria, November 2, 2023/ — Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has exited its 35% equity investment in Atlantic Terminal Services Limited (ATSL), the concessionaire for the expansion of Ghana’s Takoradi Port, to the global ports and container terminals operator Yilport Holding. This is testament to the Corporation’s ability to attract international 3rd party capital and exit strategic infrastructure assets built by derisking through AFC’s unique project development and construction offering. In 2019, AFC committed to invest up to US$138 million in equity and debt…

Read More →