Infrastructure News

A loan to support Cairo's transport infrastructure has been approved by the World Bank's board of executive directors yesterday (February 23rd).

Worth $280 million (£181 million), the loan will support the Cairo Airport...

Water and sanitation infrastructure in Senegal will be improved after the World Bank's board of executive directors approved a $55 million (£35.6 million) investment.

Country director Habib Fetini said the finance is...

The African Development Bank is going to participate in the amount of 20 million Dollars in the Moroccan Argan Infrastructure Fund (ARIF), according to the AFP press agency.

The fund invests in infrastructures in North Africa in...

The World Bank has granted a loan of 116.7 million Dollars to finance a project for upgrading electricity infrastructures in the DRC.

This financing, the agreement for which was signed on 18 February 2010, will come within the...

The World Bank and the International Union of Railways (IUR) have signed heads of agreement with regard to co-operation in railway transport infrastructures in countries in the course of development.

The two organizations are...

Indian telephone operator Bharti Airtel has acquired the African shares of Kuwaiti mobile telephone giant Zain for ten billion Dollars.

This means that Bharti will be taking on 40 million Zain customers in Africa, following...

The World Bank has revealed that Washington will host the second African Diaspora Open House later this month.

Launched by the organisation in 2007, the African Diaspora Program (ADP) aims to work with governments in Africa and...

Infrastructure in South Africa's Cape Flats may need investment after it was revealed that sewage has overflowed on to dunes in the area.

The Zandvliet Waste Water Treatment Works usually deals with the sewage upstream and pipes...

The finance minister of South Africa Pravin Gordhan has warned enterprises that are owned by the state that they must keep their spending in check.

He explained that the government planned to scrutinise how money was being spent...

Sierra Leone is to become one of the biggest magnetite iron-ore resources in the world.

This is following an announcement from African Minerals that it has doubled the size of its Tonkolili project in the country.

It revealed...

The World Bank announced last Tuesday in Rabat that its allocation to Morocco is going to increase from 300 to 600 million Dollars per year as from 2010.

This financing forms part of the strategic partnership framework (SPF)...

Nationalisation is not government policy in South Africa, president Jacob Zuma has announced.

In reference to a debate over the country's mines, the president explained that the government will not look to nationalisation.

The...

The French Development Agency is set to contribute to the financing of a project for the upgrading of water treatment and pumping stations in Tunisia.

The draft law was adopted by the Chamber of Deputies on 10 February last, and...

The Islamic Development Bank (IDB) has just allocated 31.5 million dollars to finance the upgrading of a number of infrastructures in particular in the water and transport sectors in the Ivory Coast.

The works, which will be...

Nigerian Telecommunications Limited (NITEL) was yesterday (February 16th) taken over by New Generations Telecoms.

It is reported that the takeover was worth $2.5 billion (£1.6 billion) and has come after years of NITEL...

Work started on the second phase of the Dakar- Diamniadio toll highway on Friday 12 February, in the presence of the President of Senegal, Abdoulaye Wade.

The highway, some thirty kilometres in length, is being financed to the...

The European Union is going to invest 83.1 million Dollars in Benin this year, it was learned on Friday 12 February.

Françoise Collet, head of the EU delegation in Cotonou, made the announcement at a press conference.

The...

The World Bank has published a study that found certain economic inequalities in employment opportunities in Uganda.

According to the Daily Monitor, the World Bank's study entitled Unlocking opportunities for job creation in...

The main port of Gabon may be benefiting from a major upgrading plan financed by the Bolloré Group, according to the AFP press agency.

The French group is interested in extending the port of Owendo, near Libreville.

Bolloré...

Telecommunications in Africa could be affected by an announcement that Kuwait company Zain is in talks about selling its African unit to Bharti Airtel.

With an enterprise value of $10.7 billion (£6.8 million), Zain Africa BV...