Market News
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Azura Power construction Project in Africa gets US$900m boost
Posted on :Monday , 25th January 2016
Electricity shortages in Nigeria could be a thing of the past following plans to construct an independent power scheme regarded one of its kind. Equity funders in collaboration with 20 international banks have committed US$900m towards the Azura Power construction Project in Nigeria.The 450MW gas-fired open-cycle power plant will be hosted in Edo State.
. . .China to construct mega sea port in Africa
Posted on :Monday , 25th January 2016
Algeria’s Transport Ministry, China State Construction Engineering Corporation (CSCEC) and China Harbour Engineering Company (CHEC) have signed an agreement to construct a mega sea port in Algeria.
The US$3.3bn project will be constructed on the new center transshipment port of Cherchell. However, a consortium company to build the port will be establishe. . .World Bank boosts infrastructure in Africa with $100m loan
Posted on :Saturday , 23rd January 2016
Infrastructure in Gabon has received a shot in the arm after the World Bank extended a $100 million loan aimed at boosting infrastructure in the country.
The approved loan is the second phase of the Infrastructure and Local Development project. The project aims to improve access to urban infrastructure and services in selected underserviced neighbourhood and t. . .China pledges to boost infrastructure construction in Africa
Posted on :Saturday , 23rd January 2016
China will work closely with Egypt in a bid to boost infrastructure construction in Egypt, president Abdel Fattah el-Sisi and his Chinese counterpart Xi Jinping have announced.
The two leaders agreed to work together in a bid to enhance growth in the infrastructure sector of the countryPresident Sisi said he is willing to connec. . .East Africa: EAC Cited As African Trendsetter
Posted on :Friday , 22nd January 2016
The East African Community (EAC) has been cited as one of the growing blocs amongst the Regional Economic Communities (REC) in sub-Saharan Africa.
The Brookings Institution in its recent Foresight Africa 2016 report on regional integration in sub-Saharan Africa, said the EAC has implemented several joint infrastructure projects.. . .Please Select an Option
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