This category brings together commercially relevant news, industry signals and infrastructure intelligence, helping readers follow the people, projects, technologies and markets driving change across the sector.
The Board of the African Development Fund (ADF) has approved a loan of $71.5 million to pave sections of two roads in southwestern Uganda, a project expected to boost livelihoods, school attendance and rural connectivity. The financing will be sourced under ADF-15, the most recent replenishment of the F...
The Board of Directors of the African Development Bank have approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania that will provide reliable renewable energy to households, schools, clinics and small and medium-sized enterprises in the Kigoma Region. The M...
Esri, a global leader in location intelligence, today announced a joint initiative with AfroChampions, a Pan-African non-profit that aims to promote policies that foster private-public collaboration for Africa’s economic transformation. The goal of the initiative is to engage leaders in business,...
The World Bank Board of Directors today approved a grant of $130.8 million from the International Development Association (IDA) to ease the movement of goods and people and improve access to social services and job opportunities in the refugee hosting districts in the West Nile sub-region of Uganda. It...
Akselos SA has announced the successful deployment of a structural Digital Twin for Shellโs Bonga Main floating production storage and offloading (FPSO), located 120km Southwest of the Niger Delta in Nigeria. The Digital Twin is a physics-based model of the asset, which represents its entire physical co...
The Government of Mozambique and the African Development Bank have signed a protocol agreement for a $34 million grant for the paving of the 35 km Nambungali-Roma road to facilitate trade and promote social inclusion of local communities. Mozambican Finance Minister Adriano Maleiane and Bank Country Rep...
Standing beside a rutted red dirt road at about 5,000 feet up in the jungled mountains of northern Rwanda, Intelโs Adam Schafer explains in four words why he and a teammate had travelled from Oregon to this especially remote part of Central Africa. โWeโre here to learn.โ With banana trees swaying behind...
SkyJacks, South Africaโs premier suspended access and aerial work platforms provider, has implemented Point of Rentalโs Syrinx software in all their branches as of 1 July. โWhen we look at businesses who will benefit most from our software, weโre looking for partners,โ said Kelly Hoffman, Point of Renta...
CASE Construction Equipment has recorded one of its largest deliveries for 2020 with an order for 125 units from the Angolan Ministry of Transport. Amidst the global COVID-19 pandemic, the construction sector has begun to see an uptake in activity as governments of countries with a downward trend in con...
The African Development Bankโs Board of Directors has approved a $1.2 million grant to Ethiopiaโs government to finance a feasibility study into a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan. This grant from the African Development Fund, the Group’s concessional-rate...
CASE Construction Equipment, has recorded one of its largest deliveries for 2020 with an order for 125 units from the Angolan Ministry of Transport. Amidst the global COVID-19 pandemic, the construction sector has begun to see an uptake in activity as governments of countries with a downward trend in co...
The Government of Mozambique and the African Development Bank have signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road to facilitate trade and promote social inclusion of local communities. Mozambican Finance Minister Adriano Maleiane and Bank Country Rep...
For truck driver Joseph Turay, navigating the 120 km Matotoka-Sefadu road in northeastern Sierra Leone used to be a nightmare. On average, he spent between five hours to one day on the road, which was last properly repaired nearly half a century ago. Joseph and other drivers watched goods perish and veh...
Tanzania and Kenya will benefit from โฌ345 million in financing for road construction support, approved by the African Development Bankโs (AfDB) board in Abidjan. The Bankโs support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I, is in the form of African Development Bank a...
The West Africa Road Infrastructure and Investment Forum 2020 (#WARIIF20) supported by The Federal Roads Maintenance Agency (FERMA) and the Federal Ministry of Transportation, Nigeria is set to be the most prominent road infrastructure event in West Africa. The forum will take place in Lagos, Nigeria fr...
The International Development Secretary has pledged UK aid support to build the African cities of the future, so the continent can continue to thrive and reach its economic potential. Alok Sharma, on a recent visit to Kenya, announced he would set up a UK Centre for Cities and Infrastructure to turbo-ch...
The Board of Directors of the AfDB (African Development Bank) has approved a $272.12 million loan to Tanzania for the construction of a new international airport in the capital Dodoma. The funding package, approved on Wednesday, comprises a $198.6 million loan from the Bank, $23.52 million from the Afri...
The IFC, a member of the World Bank Group, has announced a $225 million debt investment in Tasiast Mauritanie Limited S.A. (TMLSA) and its Tasiast gold mine in Mauritania, supporting one of the countryโs largest employers and biggest private sector contributors to government revenues. IFC will provide a...
Point of Rental is expanding in South Africa with a new home and team members at Waterfall in the heart of Midrand, South Africa. Kelly Hoffman, Point of Rentalโs Business Manager for the African continent, and the Africa team, will provide assistance to hire companies seeking easy-to-use, innovative so...
The European Investment Bank (EIB) and European Union have confirmed support for refurbishing the principal road across landlocked Malawi after signing the EIBโs largest ever loan for investment in Malawi. Once carried out, the road works are expected to reduce transport costs, cut travel time and facil...
The World Bank approved today an International Development Association (IDA) grant of $110 million as additional financing to support the Government of Mozambiqueโs reconstruction efforts in the aftermath of the Cyclones Idai and Kenneth. This funding will address Mozambiqueโs post-disaster recovery nee...
Thanks to the Africa Investment Forum, for the first time in over half a century, traders and everyday commuters could travel from one half of the Gambia to the other in a matter of hours, instead of an entire day, or even longer. The January inauguration of the Gambia River Bridge signaled the end of t...
StripesnSigns by Edgepoint Company Ltd, a construction company in Tanzania that began their operations in 2011 has won all 6 major Tanzanian Road Marking contracts in the financial year of 2019/2020. The contracts consist of Road Marking works and supply and installation of road furniture including traf...
The South African Department of Science and Innovation together with the Council for Scientific and Industrial Research are hard at work on an experimental project that will effectually evaluate the viability of using plastic weight in road construction. There is a lot of plastic waste being generated i...
Anglo American announces that its Unki platinum mine in Zimbabwe is the first to publicly commit to be independently audited against the Initiative for Responsible Mining Assuranceโs (IRMA) โStandard for Responsible Miningโ. IRMAโs Standard for Responsible Mining has been developed over ten years throug...
The African Development Bank Group on 27 August 2019 signed two grants for $28.8 million for road and water supply projects to improve livelihoods in Somalia and boost resilience. The grants, approved by the Bankโs Board on 19 July 2019, confirm sustained efforts, especially by the African Development F...
The International Development Secretary, the Rt Hon Alok Sharma MP has announced a new Commission to bring together leading experts to turbo-charge quality infrastructure projects in developing countries with UK Aid. The Commission will be made up of UK and international business leaders, bringing the v...
Mayotte is an island of 250,000 people that is part of the Comoros archipelago of islands off southeast Africa. With sandy beaches, coconut trees and one of the largest lagoons in the world, this beautiful blissful scene seemed to be perfect. However, such perfection hides many complicated and expensive...
The Board of Executive Directors of Islamic Development Bank (IsDB) has approved several projects worth US $325 million for Burkina Faso, Kazakhstan, and Mozambique. The approvals also include a Technical Assistance Loan to Suriname and a Waqf (endowment) project through the Islamic Solidarity Fund for...
The government of Ethiopia and the African Development Bank Group (AfDB) have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia-Djibouti Road Transport Corridor Project. The agreement was signed by Ahmed Shide, the Minister of Finance,...
Austrian formwork company Doka GmbH has signed a distribution agreement with South-African-based Waco Africa Pty Ltd for the exclusive distribution of Doka products and systems across sub-Saharan Africa and the Indian Ocean Islands. The agreement which came into effect on 1st August 2019 will see Waco A...
The African Development Bank (AfDB) is delivering on its ambitious goals and making positive progress in achieving their development and operational targets. This is according to the 2019 Annual Development Effectiveness Review (ADER), which the Bank released at the Annual Meetings held from 11-14 June...
The African Development Fund (ADF) has approved an $81.67 million loan to co-finance sections of the 695-km Eastern Corridor Development Road Programme in Ghana, linking the capital, Accra with the northern hinterland and across the borders to the Sahel region. The decision was taken by the African Deve...
The European Investment Bank (EIB) and Sociรฉtรฉ Nationale des Autoroutes du Maroc (ADM) announced an โฌ80m financing agreement today. This agreement aims to finance third-lane works on a 57.5 km section of the Casablanca motorway in order to reduce traffic congestion in Greater Casablanca, improve transpo...
The African Development Bank Group approved a US$70 million loan for a road project in Nigeriaโs South Eastern Ebonyi State. The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund (AGTF), will contribute US$30 million. The Islamic Development Bank is also providing...
KfW IPEX-Bank is supporting the expansion of Tamale Airport in northern Ghana with a loan of US$80 million. The loan is covered by government export credit insurance of the UK Export Finance (UKEF) agency. The contractor is the British subsidiary of QGMI, an internationally operating Spanish constructio...
A magnificent bridge over the Okavango River in the Mohembo Village area which is being piled by Kellerโs Franki Africa for main contractor Itinera/Cimolai JV is a shining example of Frankiโs diverse strengths. The bridge, which connects villages on the east of the river with the rest of the country, st...
SANRAL is ramping up its investment in road infrastructure back to familiar levels through its R70bn medium term budget allocation to implement construction and maintenance projects across the country. โThis increased investment will rejuvenate the construction and engineering sectors, create jobs and s...
Commissioner for International Cooperation and Development Neven Mimica is visiting Eritrea, where he has launched an initial โฌ20 million project to rebuild the road connection between the Ethiopian border and Eritrean ports. During his visit, Commissioner for International Cooperation and Development,...
is the African continentโs most prominent event, which brings together the key financiers, investors, multilateral investment institutions, Government ministries, regulators, public and private sector stakeholders to discuss how these various elements fit together and how to successfully fund and execut...
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