Infrastructure News

East Africa now owes China $29.4 billion in infrastructure loans

18/10/2018

East African economies have in the past 10 years borrowed $29.42 billion to grow their transport, communication, manufacturing and energy sectors. The region’s economies are now spending almost 8% of their revenues to service these loans, which analysts say are becoming a burden, especially given that their impact on growth is yet to be seen.

Africa Finance Corporation receives $300 million Chinese loan

18/10/2018

The Export-Import Bank of China has agreed to loan the Africa Finance Corporation US$ 300 million to support its financing of African infrastructure projects.

East Africa’s infrastructure investments to hit the US$ 90 billion mark

16/10/2018

Investments in the infrastructure sector in East Africa are forecast to reach US $98.8 billion by 2022 - but hurdles to be overcome include high transaction costs, inadequate availability of bankable projects, and limited local capacity for project preparation and tender.

US to counter China with new Africa plan

08/10/2018

US President Donald Trump is expected within days to approve an initiative to overhaul the US investment strategy in Africa.

Japan-led meeting of African ministers kicks off in Tokyo with infrastructure at the top of the agenda

08/10/2018

Ministers from Japan and over 50 African countries started a two-day meeting in Tokyo on Saturday to discuss the need for quality infrastructure and the challenges in making development more inclusive on the continent, where China’s influence is growing.

Africa seeks new solutions to its infrastructure needs

04/10/2018

With an estimated funding deficit of $40 billion a year, private-sector solutions from Africa’s home-grown pension fund industry as well as international insurance firms could help plug the gap.

Africa must look to Eisenhower for inspiration

02/10/2018

Infrastructure spending requires the hand of the state to put finance in place.

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