Africa > Infrastructure Projects

Infrastructure Projects in Africa

  • Nile dam meetings in Sudan extended for extra day, deal might be reached

    EGYPT, 2016/01/03 Foreign and water ministers of Sudan, Egypt and Ethiopia on Monday decided to extend their ongoing meetings in Khartoum on the Grand Ethiopian Renaissance Dam (GERD) for one additional day, while a Sudanese minister expected a comprehensive transaction may be reached. The ministers of the three nations on Monday held a conference that continued for around 13 hours where the meetings were scheduled to end Monday with issuance of a joint communique. "It has been decided to extend the meetings to Tuesday," Ibrahim Ghandour, Sudan's Foreign Minister, told reporters at the end of the meetings today.

  • Gabon to dedicate funding for new transport infrastructure projects

    GABON, 2015/12/26 Plans to link Gabon’s second-major city, Port-Gentil, with the rest of the country by road are making steady evolution, with the new 93-km Port-Gentil-Omboué motorway reaching 20% completion in late September. The project highlights the government’s commitment to improving internal transport infrastructure. Currently, Port-Gentil, which is as well the centre of the country’s oil and gas sector, is only reachable by air, separated from the rest of the country by ocean, swamps, rivers and heavily forested areas.

  • Angola creates transport networks and builds more ports

    ANGOLA, 2015/11/21 Four new transport networks will be created and three major ports built in Angola as any minute at this time as possible in order to have full coverage at a national and regional level, said Thursday in Luanda the Minister of Transport. The four networks are the national rail network, national network of logistics platforms, coastal network of northern Angola and Luanda light rail network and the ports are the new deepwater port of Cabinda, the new port of Luanda, at Barra do Dande , where the current port serving the capital of the country will be trasferred and the new port of Porto Amboim, according to Angolan news agency Angop.

  • Guinea-Bissau to launch public tender to build dry port

    GUINEA-BISSAU, 2015/08/28 Guinea-Bissau’s National Council of Shippers (CNC-GB) has announced in its weekly statement that a tender will any minute at this time be launched to adjudicate construction of a dry port in the country. The Council is finalising payment of the second instalment of the cost of 40 plots of land where the next dry port will be located, indicates the statement . It will be built on a total area of 25,000 square metres at Pime on the outskirts of Bissau and include warehouses to store perishable goods, part other facilities.

  • Developed infrastructure and regional links lead to 300 million consumers

    EQUATORIAL GUINEA, 2015/05/24 Good relations and investments in infrastructure have created an ideal route into Central and West African markets Buoyed by the funds from oil exports inclunding the prestige of its newly discovered resources, Equatorial Guinea has begun to leverage its additional prominent place on the world map to improve itself in ways that are not purely economic. Well aware that no country can thrive by oil alone, President Teodoro Obiang Nguema Mbasogo is determined to ensure that his country optimizes an extra of its finest assets: its privileged location as a gateway to Africa. With the Atlantic Ocean running along its western coast, Cameroon to its north, and Gabon running along its eastern and southern borders, Equatorial Guinea is a self-proclaimed “Singapore of Africa” – a strategically placed portal to a market of over 300 million consumers from nearby nations.

  • World Bank pumps US$100 million into Kariba Dam

    SWEDEN, 2014/12/17 The Kariba Dam Rehabilitation Project received a US$100 million cash injection this week. The World Bank’s Board of Executive Directors approved a US$75 million International Development Association (IDA) Credit and a US$25 million grant from the Government of Sweden to Zambia for the project. The project, with total financing of US$300 million, is being co-financed by the African Development Bank and the European Union and will help the Zambezi River Authority, which is responsible for the management of the Kariba Dam, to reshape the dam’s plunge pool and refurbish its spillway, inclunding improve dam operations in order to bring it up to international safety standards.

  • EU Financed Nearly 50% of Road Network in Gambia

    EUROPEAN UNION, 2014/11/13 "The European Union financed a total of 76.5 million euros (equivalent to around four billion dalasis) for the rehabilitation and construction of 273 km of road in The Gambia. This is nearly 50% of the paved road network of this country," said Ms Agnes Guillaud, the Chargee d'Affaires of the Delegation of the European Union (EU) to The Gambia. Ms. Guillaud said this at the inauguration ceremony of the EU funded Sofanyama Bridge on 30 November 2014. The EU Chargee d'Affaires gave a breakdown of what the 76.5 million euros had financed in terms of the rehabilitation and construction of roads with 48.5 million euros coming from the 9th EDF, 40.5 million euros from the Gambian National Indicative Programme, three million euros from the Senegalese National Indicative Programme to cover the trunk road from Sabi to Velingara, and five million euros from the ECOWAS Regional Indicative Programme as part of the regional integration of Western Africa.

  • Suez Canal Investment Certificates to Be Released On Monday

    EGYPT, 2014/08/31 Egypt will issue the new Suez Canal investment certificates on Monday, September 1, national-run MENA agency reported, adding that the certificates will have a 12 % yearly interest rate and quarterly dividends. The four banks of Banque Misr, Banque du Caire, the National Bank of Egypt, and the Suez Canal Bank are the only banks granted the right to issue the certificates, MENA added. The banks will as well issue certificates in US dollars with a 3.5 % yearly interest rate and quarterly dividends.

  • President Abdel Fattah al-Sisi launched Tuesday the construction of a $4 billion "new Suez Canal"

    EGYPT, 2014/08/07 President Abdel Fattah al-Sisi launched Tuesday the construction of a $4 billion "new Suez Canal" that aims to speed up traffic along the existing waterway and boost Egypt's battered economy. The project foresees the creation of one million jobs at a time at the same time as Egypt is struggling to recover from additional than three years of political turmoil since the ouster of long-time autocrat Hosni Mubarak. Sisi, accompanied by government ministers and army generals, set an ambitious target of digging the new canal, which would run parallel to the original Suez Canal built 145 years ago.

  • COMESA 2012-2013 Investment Teaser

    EAST AFRICA, 2014/02/02 COMESA 2012-2013 Investment Teaser The history of COMESA began in December 1994 at the same time as it was formed to replace the former Preferential Trade Sector(PTA) which had existed from the before days of 1981. COMESA was established 'as an organisation of free independent sovereign states which have agreed to co-operate in developing their natural and human resources for the good of all their people' and as such it has a wide-ranging series of objectives which necessarily include in its priorities the promotion of peace and security in the region.
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