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Fri,24Nov2017

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Rwanda signs $818 million deal for new international airport

Rwandan troops who have returned from the Sudan's Darfur region walk past the U.S. Air Force One at Kigali International airport. File Photo©Thomas Mukoya/ReutersRwanda has signed a deal with the African division of Portuguese construction firm Mota-Engil to build an international airport at a cost of $818 million, the company and government officials said.

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Energy: Tanzania's President Magufuli orders officials to speed up LNG project

Tanzania's President John Magafuli. Photo©ReutersTanzanian president John Magufuli ordered officials on Monday to speed up long-delayed work on a planned liquefied natural gas (LNG) plant, saying implementation of the project had taken too long.

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Ghana to get a $1.2bn ultra-modern ecotourism park in its capital city

Visitors walking along the canopy walk, a series of foot bridges suspended 30 meters in the air over the treetops, in Kakum National Park, Ghana. File Photo©Olivier Asselin/AP/SIPAGhana has decided to convert one of its forest reserves – Achimota Forest – into a world-class recreational facility and a major tourism destination hub in West Africa at a cost of $1.2 billion.

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Ethiopia: The end, the means

The Huajian shoe factory in Dukem: the government sees manufacturing as the future. Photo©Petterik Wiggers/PANOS-REAThe state-driven economic model leaves no room for dissenting voices as Ethiopia sticks to its 11.2% growth target, with manufacturing leading the way.

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Cote d'Ivoire to begin construction of two power plants by 2017, supply Guinea and Sierra Leone

Photo©Charlie Riedel/AP/SIPAIvory Coast will start building a gas-fired power station near its commercial capital Abidjan later this year with work on a second plant due to start by 2017 at the latest, a government official said on Thursday.

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Cote d'Ivoire: Investment up by 25 per cent

A general view of the construction site of Ivory Coast's third bridge, the Henri Konan Bedie, named after the country's former president, is seen in Abidjan. Reuters/Thierry GouegnonInvestment in Ivory Coast is up 25 percent in the first half of this year on the same period in 2015, according to the Centre for Investment Promotion, which tracks in-flows into the economy in most sectors other than mining and power.

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Energy: Cameroon's $1 billion hydroelectric dam expected by 2020

File Photo©Charlie Riedel/AP/SIPAA $1 billion hydroelectric dam planned for Cameroon's Nachtigal River will be ready by 2020, adding over 30 percent to the country's hydropower capacity, the minister of water and energy said on Thursday.

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Uganda economy to grow nearly 6% in 2016/2017

Uganda's economy will grow by 5.9 percent in the 2016/2017 (July-June) fiscal year, up almost a percentage point from the levels estimated for the previous 12 months thanks to spending on large infrastructure projects, the World Bank said.

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Energy: Zambia shortlists bidders to build solar plants

Photo©AP/SIPAZambia has shortlisted bidders to build two large-scale 50 megawatt (MW) solar power generation plants as the nation battles a power deficit which threatens industrial output.

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Ghana: Road budget bloated by over 200 per cent

A former minister has been accused of demanding a BMW 7 series vehicle to allow him to inspect a 5.7 kilometre road that was under construction, as costs of the project ballooned from 40.4 million cedi to 88 million cedi, the latest case of abuse of office in the West African country.

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Agriculture: Tanzania to start building $3 bn fertiliser plant this year

Tanzania currently imports most of its fertiliser for crops including coffee, sugar and maize. File photo©ReutersTanzania plans to start work this year on a $3 billion fertiliser plant, which it said on Friday will be Africa's largest, as part of an effort to increase its agricultural production.

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Energy: Russia to lend Egypt $25 billion to build nuclear power plant

Photo©ReutersRussia will loan Egypt $25 billion to finance building and operating a nuclear power plant in Egypt, the official gazette said on Thursday.

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Tanzania and Uganda to speed up oil pipeline project

File photo©Peter Komka/AP/SIPATanzania has agreed with Uganda to accelerate implementation of a crude oil pipeline project between the two east African nations and award the construction contract to multiple contractors.

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Energy: Congo to select developer for Inga 3 hydropower plant by October

File photo©Cheng Min/AP/SIPADemocratic Republic of Congo will decide by October between a Chinese and Spanish consortium to develop the long-delayed Inga 3 hydroelectric project with construction expected to begin the following June, a government official said on Tuesday.

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Electricity: Japan's Marubeni may build coal power plant in Egypt

File Photo©ReutersJapan's Marubeni Corp and Egypt's El Sewedy Electric have agreed with Egypt's state-run electricity utility to conduct a feasibility study into the construction of a coal-fired power plant in Egypt.

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Kenya: Mombasa port traffic up 7.5 percent in 2015

File photo©ReutersMombassa port's container traffic grew by 7.5 percent in 2015 after the construction of a new cargo-handling infrastructure that shortened turnaround time for ships, port management said on Tuesday.

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Kenya: Electricity company confident planned wind farm project will go ahead

File photo©ReutersKenya Electricity Generating Company (KenGen) is confident construction of its 80 MW wind farm will go ahead and avoid the problems of a similar Kenyan project that was cancelled last week due to a dispute over the land, the company said on Monday.

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Kenya aims to cut external, fiscal deficits

Finance Minister Henry Rotich says the global slump in the price of crude oil had helped the Kenya's current account deficit to improveKenya's economy is expected to grow 6.1 percent in 2016 and the government wants to trim ballooning budget and current account deficits to steady the economy, its finance minister said on Thursday.

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Niger's Issoufou effect

Photos© Vincent Fournier/JAIn the West, Niger's President is seen as a key ally against Islamist rebels in West Africa, but at home his opponents say that he is an authoritarian leader who has delivered little in his first term. The ruling party and opposition are getting ready for a tense February 2016 national election campaign.

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Tanzania: Waiting for sweet salvation

Photos© Noor KhamisThe government's partnership with Swedish company EcoEnergy was touted as a flagship for foreign investment. NGOs say it is a land grab. Caught in the middle for the past four years are the farmers due compensation

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