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 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.
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...
Developing countries may benefit from investment on railways as part of the World Bank Group's joint initiative with the International Union of Railways (UIC).
The organisation announced the move to formalise its cooperation on...
The African Development Bank (BAD) has signed an agreement with Togo to provide the sum of 36.2 million Dollars for a major highway infrastructure project.
This involves the upgrading of a stretch which forms part of the...
Infrastructure in South Africa will continue to see economic support, according to President Jacob Zuma.
Speaking at his state of the nation address the president tackled the challenges facing the country after the...
Kenya should be able to mobilise between 500 million and one billion Dollars from its first sale of international bonds to help finance projects involving renewable sources of energy. According to Prime Minister Raila Odinga, the...
Private sector investment is crucial in the expansion of Africa's infrastructure.
This is according to the chief executive officer of CDC Group Richard Laing, who was speaking in Ghana at the Africa Investment Forum.
A major oil new refinery could be built in South Africa but decisions must be made immediately.
This is according to PetroSA, whose vice-president of new ventures Jorn Falbe spoke at the Sandton energy conference yesterday...
A 2G/3G mobile communications network has just been launched in Tunisia by network operators Orange.
A ceremony and press conference were held on Thursday 4 February 2010 to mark the occasion, in the presence in particular of...
Cynthia Carroll, the chief executive of Anglo American, has said she is positive about how Africa can contribute to the mining industry.
According to TradeInvestAfrica, Ms Carroll spoke at Cape Town's Mining Indaba conference...
A solar-powered electricity generating station with a power of 1 MW is going to be constructed in Morocco, financed by Japan to the amount of 7.4 million Dollars.
The plant is scheduled to go into service in 2011, and should...
Some 11,000 people in Rwanda could benefit from new employment opportunities after it was reported that the country's investment projects last year could create many jobs.
This is according to the Rwanda Development Board (RDB),...
The International Finance Corporation (IFC), which is a member of the World Bank Group, has announced it is to make a donation to improve Nigerian telecommunications.
Some $150 million (£96 million) has been pledged in...
Senegal and South Korea have announced their intention to co-operate in the infrastructure sector, in particular by way of a project involving the construction of a coal-fired power station with a capacity of 250 MW.
Mauritius is to use a €15 million (£13.1 million) loan from the European Investment Bank (EIB) to construct two sugar refineries.
The money forms part of a larger strategy aimed at ensuring the long-term viability of...
Uganda has received a loan of $190 million (£118.9 million) from the World Bank to improve its transport sector.
Kundavi Kadiresan, the bank's Uganda manager, said upgrading the north-eastern corridors to southern Sudan and...
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