Category: Infrastructure

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…

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…

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.…

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…

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…