Infrastructure News

The world needs to shift from an aid-based narrative on Africa to one of investment

On the 17th to 18th May 2018, the African Union (AU) and the European Union (EU) held the 6th Meeting of the Reference Group on Infrastructure (RGI) at the AU Headquarters in Addis Ababa, Ethiopia. This meeting is part of the Joint Africa-EU Strategy (JAES) that was launched at the Africa – EU Summit in Lisbon in 2007.

The African Development Bank unveils a plan to close the $130bn gap in infrastructure financing in Africa. Unveiled at the Africa Infrastructure Forum Roadshow held in Abuja on Tuesday 10 July 2018, the plan will take full shape at the African Investment Forum scheduled to be held in Johannesburg, South Africa in November 2018.

Africa is a hugely diverse continent, but much of it suffers from an ailing or non-existent infrastructural network. However, this gap offers huge growth potential for investors

The UK’s Department of International Trade (DIT) is pledging funding for infrastructure development in Africa, including £4-billion in South Africa, £1-billion in Kenya and £750-million in Nigeria, through export credit agency, UK Export Finance (Ukef).

Poor infrastructure, a lack of skills and excessive reliance on commodities has resulted in lower growth. What is needed is diversification in areas such as agriculture, manufacturing, healthcare, education and banking, claimed the Economist.

The Africa-EU Renewable Energy Cooperation Programme (RECP), has launched its Finance Catalyst service, to support and assist renewable energy (RE) project developers in financial structuring and in attracting funding for their projects once they are in an advanced stage.

Move paves way for institutional investors to help fill infrastructure gaps in developing world: US$1 trillion a year in extra investment needed through 2020.

The Economist

The stylishly dressed men and women window-shopping in the air-conditioned cool of the Lagos Palms shopping mall speak of a Nigerian economy and middle class on the rise.

But out the back, the stench of diesel...

PR Newswire

The Board of Directors of the African Development Bank Group (AfDB) on Wednesday, September 24, 2014 approved a US $29.49-million grant to help finance the first phase of the Nyakararo-Mwaro-Gitega (RN18) Road...

Xinhua

Africa could become a single air transport market that will remove the need for bilateral air services agreements by early 2016, the industry lobby said on Wednesday.

African Airlines Association (AFRAA) Secretary...

PR Newswire

The historic one-day UN Climate Summit opened on September 23 in New York City with 125 heads of state in attendance. UN Secretary General Ban Ki-moon and US President Barack Obama urged all nations - developed and...

Daily Observer

The regional water motivator in the Lower River Region (LRR), Kantong T. Marena, has disclosed that 98% of the population of the region has access to clean and potable water. He informed that only a few people,...

APA

Le secteur des bâtiments en Afrique consomme 50% de la consommation totale en énergie électrique, a affirmé mardi à Dakar, Serigne Mansour Tall, point focal de l'ONUHABITAT au Sénégal.

« Au total, 50% de la consommation en...

The Wall Street Journal

African countries secured commitments from companies in the Persian Gulf totaling $19 billion to invest in roads, railways and airports at the first West Africa Investment Forum held in Dubai on...

Forbes

It's always interesting to attend conferences in far away places because of the change in perspectives. At the World Energy Security Forum (whose organizers I advised) in Johannesburg, there was the usual discussion of...

AFK Insider

Last month's announcement of a partnership between Africa richest man Aliko Dangote and private equity fund Blackstone Group to invest to the tune of $5 billion exclusively in energy infrastructure represented a...

Angola Press

Africa is one of the regions of the world with major unexplored energetic reserves, which expands its chances to become one of the main energy producers.

This was said Tuesday in Luanda by the CEO of the National...