Cameroon Authorisation to sign EUR 150 million EIB financing for the Yaounde bypass

According to publications dated 5 and 6 November, a decree of 5 November authorises the Economy Minister to sign a EUR 150 million financing agreement with the European Investment Bank (EIB) for priority section T3 of the Yaoundé bypass. The EIB project record describes a 22.8 km dual carriageway with seven interchanges, linking national road 1 at Nkozoa to the Yaoundé–Douala motorway, notably to divert through traffic from the capital’s centre. The EIB approved the project on 19 November 2025: the reported step concerns national authorisation to sign, without establishing loan signature, disbursement or the start of works.

Sources: Actu Cameroun · Sika Finance

Uganda Finance ministry confirms EUR 50 million in German grants including EUR 35 million for water and electricity

In a publication dated 5 November, Uganda’s Finance Ministry confirms Germany’s EUR 50 million grant commitment following intergovernmental negotiations concluded in Kampala on 3 November, including EUR 35 million for water and electricity. The package comprises EUR 30 million in financial cooperation and EUR 20 million in technical cooperation; other announced allocations concern agribusiness, local economic development, refugees and host communities. The ministry presents these commitments as the basis for bilateral cooperation over the next two years, without announcing full disbursement or providing a detailed implementation timetable.

Sources: Uganda Ministry of Finance · Daily Monitor

Digital Egypt IDSC examines risk allocation in financing power infrastructure for African data centres

In a publication dated 5 November, Egypt’s State Information Service presents an analysis by the government’s Information and Decision Support Center (IDSC) on financing electricity infrastructure for African data centres. It examines who would bear costs if demand fell below forecasts. It discusses developer contributions, phased grid expansion and contractual minimum payments, without announcing new financing.

Sources: Egypt State Information Service

Information notice

This press review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.

Tanzania AfDB structures USD 1.2 billion in signed commercial financing for Tabora Kigoma

A publication dated 4 November reports Tanzania’s signature of a USD 1.2 billion commercial facility for the 411 km electrified Tabora–Kigoma section, Lot 6 of its standard gauge network. The African Development Bank (AfDB), initial arranger, brought together nine banks, with Deutsche Bank and Société Générale as coarrangers: USD 720 million in guaranteed loans and USD 480 million on sovereign risk alone. The partial credit guarantee of up to USD 800 million, also covering interest, is not an additional loan to be added to the signed financing.

Sources: Groupe Média Afrique Environnement  

Uganda and region Afreximbank starts disbursements under USD 28 million DOTT facility

In a statement dated 4 November, Afreximbank says it has approved and activated a USD 28 million dual-tranche facility for Ugandan engineering and construction contractor DOTT Services Limited and begun disbursements. The facility supports contract execution and the pursuit of opportunities worth approximately USD 550 million in Uganda, Tanzania, Kenya and the Democratic Republic of Congo. That figure describes the company’s targeted business pipeline, rather than the loan amount or investments fully financed by the bank.

Sources: Africa.com

Namibia Dangote launches fuel storage and pipeline project estimated at USD 2.5 billion

On 4 November, Aliko Dangote launched a petroleum storage and regional pipeline project near Walvis Bay, presented as an investment of approximately USD 2.5 billion. The planned terminal would hold 600 million litres, including 360 million litres of diesel and 240 million litres of petrol, with road tanker loading facilities. A pipeline of around 1,700 km is envisaged towards inland Southern African markets; its final route and length remain subject to engineering studies and approvals, while the launch does not establish financial close.

Sources: The Brief · Voice of Nigeria — Reuters

Water African Water Facility reports EUR 9.1 million disbursed over nine months

At the African Water Facility’s Governing Council meeting in Abidjan on 4–5 November, Egyptian Irrigation Minister Hani Sewilam presented results of EUR 9.1 million disbursed and thirteen new projects prepared during the first nine months of 2026. According to the account published on 4 November, the latest call for proposals received 650 applications. Discussions concern water and sanitation project preparation and financing the 2026–2030 strategy; these implementation figures are not a new funding envelope approved at the meeting.

Sources: Egyptian Gazette · Egypt State Information Service

Information notice

This review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.

Ports ANP and AFD sign a declaration concerning EUR 100 million in financing

According to a Moroccan news agency MAP report carried on 3 November, the National Ports Agency (ANP) and the French Development Agency (AFD) signed a joint declaration in Rabat that day concerning the third financing operation under their partnership, amounting to EUR 100 million. The financing is described as a subsidised thirteen-year non-sovereign loan without a state guarantee, supporting ANP’s 2023–2030 investment programme: infrastructure rehabilitation and reinforcement, renewable energy and desalination, fishing port modernisation, and quay decarbonisation and electrification. The reported signature concerns a joint declaration relating to the financing; the publications consulted do not establish disbursement or completion of the planned investments.

Sources: MAP — Assahafa · Le Reporter

The Gambia Guinea Bissau and Mali ECOWAS prepares closure of a USD 225 million electricity programme

In a publication dated 3 November, the Economic Community of West African States (ECOWAS) presents results reviewed at the final steering committee of its Regional Electricity Access Project, held on 2–3 November in Abuja: 490 localities electrified and almost 500,000 beneficiaries after six years of implementation. Financed by the World Bank with USD 225 million, the programme is scheduled to close on 31 December 2026; the committee is examining completion of works and the sustainable transfer of facilities to national electricity utilities. Mali’s representative requested an extension of at least thirty months, subject to World Bank approval; this is a request, rather than an approved extension or new financing.

Sources: ECOWAS

Tanzania Wingu Africa obtains design certification for its data centre expansion

In a statement dated 3 November, Wingu Africa announces Uptime Institute Tier III Certification of Design Documents for the second phase of its data centre in Dar es Salaam. The certified design covers a stated peak IT load of 507 kW and provides for planned maintenance without disrupting the redundant power and cooling capacity supporting IT equipment. According to the company, the expansion is under construction: certification concerns the design documents and does not constitute certification of the constructed facilities or an announcement of commissioning; no new financing amount is disclosed.

Sources: Wingu Africa — EIN Presswire

Information notice

This press review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.

Zambia and Southern Africa Solarcentury Africa signs initial USD 86.2 million tranche for its solar portfolio

In a statement available at the preparation of this edition, Solarcentury Africa announces a five-year financing facility arranged by Standard Bank South Africa, with an initial committed tranche of USD 86.2 million and participation by Dutch development bank FMO in its syndication. This tranche will refinance a bridge loan that supported plants now operational and finance the 59 MWp third phase of the Mailo solar plant in Zambia, bringing its planned total capacity to 120 MWp. The structure includes an uncommitted expansion option of up to USD 370 million for other plants in the regional portfolio; this ceiling does not represent fully secured financing or an amount entirely allocated to Mailo.

Sources: Solarcentury Africa

South Africa Wabtec concludes approximately USD 390 million agreement for Transnet locomotives

Wabtec announced on 2 November that it had finalised a long-term Material and Technical Support Agreement with Transnet Engineering, valued at approximately USD 390 million, for Class D43 and D44 locomotives. The agreement includes components, technical expertise and predictive maintenance capabilities, including a digital equipment condition monitoring platform, to improve fleet availability and reduce maintenance turnaround times. According to the statement, these locomotives serve freight corridors carrying export commodities, containers and general freight; the agreement also provides for knowledge transfer and initiatives to strengthen local capabilities.

Sources: Wabtec · Railway News

Sudan Agreement with Egypt covers water infrastructure rehabilitation and solar powered drinking water stations

The Egyptian and Sudanese ministers responsible for irrigation signed a memorandum of understanding on 2 November covering water resources development projects in Sudan, alongside consultations involving both countries’ foreign and irrigation ministers. According to Egypt’s State Information Service, cooperation covers rehabilitation of facilities damaged by the conflict, flood protection, rainwater harvesting, solar-powered drinking water stations, and training. The publications consulted describe a cooperation framework for these interventions, without specifying their cost, concluded financing or implementation timetable.

Sources: Egypt State Information Service · Daily News Egypt · The Egyptian Gazette

Information notice

This review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.

Update Africa AFC launches a USD 690 million sovereign climate facility

Following the Green Climate Fund approval announced on 29 October, Africa Finance Corporation (AFC) announced the launch on 30 October of the Africa Sovereign Climate Facility at a signing ceremony in Korea, presenting total programme financing of USD 690 million. Its first phase covers Angola, Benin, Côte d’Ivoire and Nigeria, including clean energy, food and water security, and climate resilient infrastructure. AFC says it will arrange and fully fund a parallel commercial facility of up to USD 260 million, with a tenor of up to ten years, through the participating finance ministries.

Sources: Africa Finance Corporation · Green Climate Fund

Nigeria Proparco signs USD 30 million facility with Sterling Bank

In a release dated 30 October covering its chief executive’s visit to Nigeria on 26–28 October, Agence française de développement (AFD) reported a USD 30 million credit facility from its subsidiary Proparco to Sterling Bank. Proparco’s 29 October publication specifies that 80 per cent will support renewable energy projects, including off grid solar, and 20 per cent agricultural small and medium sized enterprises. The loan agreement was signed in Lagos to finance the bank’s clients’ projects.

Sources: Proparco · Agence française de développement

Benin EIB considers EUR 63 million for electricity network upgrades

In a project record published on 30 October, the European Investment Bank (EIB) describes proposed financing of approximately EUR 63 million for upgrades to the network of Société béninoise d’énergie électrique, Benin’s electricity utility, at an estimated total project cost of EUR 173 million. Planned investments cover 750 localities in Mono, Couffo and Borgou, aiming to connect approximately 600,000 people and improve reliability. The project remains under appraisal, a status recorded since February 2025, with AFD leading due diligence; publication does not constitute EIB loan approval or signature.

Sources: European Investment Bank

Africa Energy Bank appoints its first governance bodies

In a statement dated 31 October, the African Export Import Bank (Afreximbank) and the African Petroleum Producers’ Organization (APPO) announced the formal establishment of the Africa Energy Bank at its inaugural general meeting in Abuja. Resolutions included appointing Helmy Ghazi as its first president and constituting its first board; authorised capital of USD 5 billion should not be treated as capital already paid in and available for lending. Its announced mandate includes energy exploration, production, transport, processing, refining and distribution projects.

Sources: Afreximbank — Public Technologies · Reuters — MarketScreener · Okay News · bne IntelliNews

Ghana Minister announces Russian cooperation on a proposed 2000 MW nuclear plant

According to Reuters, Ghana’s foreign minister Samuel Okudzeto Ablakwa said on 31 October that Russia had agreed to cooperate on developing a 2,000 MW nuclear power plant following discussions at the Russia–Africa summit. The minister presented the project as supporting energy security and industrialisation. The reported announcement gives no concluded financing amount, construction contract or commissioning timetable.

Sources: Reuters — MarketScreener · Ghana News Agency · OnuaOnline

Update West Africa Countries examine options to reduce the cost of the Abidjan Lagos highway

Following the earlier announcement of the ministerial meeting, Togo’s public works ministry confirmed in a 1 November publication that the ministerial steering committee met in Lomé on 30 October with Benin, Côte d’Ivoire, Ghana, Nigeria and Togo. According to its account, structuring options examined could reduce the initial estimated cost of USD 15 billion to USD 13 billion or potentially USD 10 billion, without announcing a final budget or completed financing. Togolese minister Sani Yaya also called for faster operationalisation of the Abidjan–Lagos Corridor Management Authority (ALcOMA), whose board has been constituted, and proposed central coordination of land clearance for the project.

Sources: Ministère togolais chargé des Travaux publics et des Infrastructures · Le National · L’Interview · Actu Lomé

Benin IFC and Proparco sign EUR 30 million for four solar plants

A joint statement dated 29 October, reported again over the weekend, announces signed financing agreements totalling EUR 30 million from the International Finance Corporation (IFC) and Proparco for IPP50, a solar independent power producer project developed by AXIAN and local partners. The four plants in Natitingou, Djougou, Parakou and Bohicon have a combined announced capacity of 62 MWp, with total project cost of EUR 45 million. Commercial operation is targeted for the first quarter of 2028; the financing signature does not establish that funds have already been disbursed.

Sources: AXIAN CDC Benin IFC and Proparco · Portail Info · CFNEWS INFRA · Only Benki · Afripoli · Renewables Now

Gabon Public investment mapping identifies 487 additional projects

According to the Agence Gabonaise de Presse on 30 October, results presented that day by the planning authorities increased the national inventory of public projects from 675 to 1,162. The supplementary mapping exercise, supported by the World Bank and the Hiswaka project, records projects by province, ministry, financing source and implementation stage to support investment planning and monitoring. The increase reflects additional projects identified in the database and should not be interpreted as 487 new financing approvals or construction starts.

Sources: Agence Gabonaise de Presse

Information notice

This review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.

Egypt Scatec signs USD 217 million in loans for the first phase of Dandara solar and storage

Following the preliminary financing terms reported in the 27 October edition, Scatec announced on 28 October, in news reported on 29 October, that it had signed USD 217 million in loans with the European Bank for Reconstruction and Development, the African Development Bank and the European Investment Bank (EIB), and was starting construction. The first phase comprises 569 MW of solar capacity and 100 MWh of storage, with investment estimated at USD 271 million; the EIB specified on 29 October that its contribution would be up to USD 90 million, guaranteed by the European Union. Electricity will be supplied to Egypt Aluminium under a twenty-five-year agreement, with commercial operation targeted for the first half of 2028.

Sources: Scatec · European Investment Bank · TSN · pv magazine Italia

Africa Green Climate Fund approves USD 140 million for industrial decarbonisation and a separate sovereign climate facility

The Green Climate Fund approved USD 140 million for Climate Investor Three to support industrial decarbonisation, including renewable hydrogen infrastructure and related derivatives in South Africa and Namibia, with the Development Bank of Southern Africa acting as the accredited entity. The funding is intended to help mobilise private capital towards the facility’s USD 1.2 billion fundraising target. In its Board outcomes published on 29 October, the Fund also approved the separate Africa Sovereign Climate Facility with Africa Finance Corporation; both programmes form part of USD 1.9 billion in new climate financing approved worldwide.

Sources: Development Bank of Southern Africa · Green Climate Fund

Nigeria USD 7 million loan facility to support equipment for Okra’s shared solar networks

Reports published on 28 and 29 October describe a USD 7 million loan facility from British International Investment, the UK’s development finance institution, for Okra Solar. It is intended to finance advance equipment purchases for approximately 150,000 new connections, potentially serving 750,000 people in rural communities. The technology combines solar generation, batteries and smart controls, enabling neighbouring households and businesses to share electricity; the announced connections are deployment targets.

Sources: Africa Private Equity News · African-Startups · TechPolyp

Eastern and Southern Africa COMESA examines financing models for least cost digital infrastructure

In a publication dated 29 October, the Common Market for Eastern and Southern Africa (COMESA) outlined consultations held in Addis Ababa from 27 to 30 October with authorities, regulators, operators and financiers. A regional assignment led by Salience Consulting examines least-cost planning and financing models, including for rural areas and locations where commercial investment remains limited. The publication does not announce a financial commitment amount.

Sources: COMESA

Water Study estimates 717 million Africans lacked piped water access in 2020

A study published in Nature on 28 October and highlighted by the publisher on 29 October estimates Africa’s annual water demand at 347 cubic kilometres in 2020, approximately 26 per cent higher than in 2010, and the number of people without piped water access that year at 717 million. Covering six sectors, it finds that in some regions demand remains unmet despite available water resources because suitable infrastructure is lacking. The authors describe the figures as estimates, rather than absolute measurements or an assessment of conditions in 2026.

Sources: Nature · Nature Portfolio

Information notice

This press review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.

Nigeria approves NGN 594.49 billion in road projects as five countries prepare Lagos–Abidjan financing talks

Nigeria’s Federal Executive Council approved eight road projects worth NGN 594.49 billion, including a 95 km reconstruction in Kogi State and an 81.1 km road with a bridge in Ekiti State, according to reports published on 28 October. At the same briefing, Minister of Works David Umahi announced a meeting on 30 October with counterparts from Benin, Togo, Ghana and Côte d’Ivoire to discuss potential African Development Bank financing for the approximately 1,028 km Lagos-Abidjan highway corridor. Financing arrangements for the regional corridor remain to be finalised and are subject to the bank’s procedures.

Sources: The Guardian Nigeria · Arise News

Energy Afreximbank reports USD 975 million disbursed for the management buyout of Oryx Energies

In a statement distributed by APO Group on 28 October, the African Export-Import Bank, Afreximbank, said it had disbursed a USD 975 million facility to partly finance the management buyout of Oryx Energies SA. Oryx Energies, the holding company of Addax Energy SA, supplies, stores and distributes energy products, including fuels, liquefied petroleum gas and lubricants, across more than twenty African countries. According to the bank, the transaction brings the group under majority African ownership; the facility finances a corporate acquisition, rather than an announced allocation for new infrastructure construction.

Sources: Afreximbank via APO and African Newspage · Business & Finance International · Mercado · Finimize

Uganda Mission reviews completion readiness and connections for water supply systems in the east

In a publication dated 29 October reporting on visits made on 28 October, the Ministry of Water and Environment described inspections of the Tirinyi–Kibuku–Kadama–Budaka and Bukizibu–Bumwena water supply systems, alongside the World Bank and the national water utility. The first system includes approximately 60 km of transmission pipelines, 67 km of distribution pipelines and 1,300 planned water connections; discussions with the contractor and supervising consultant focused on readiness for completion. The mission noted construction progress and emphasised the need to ensure reliable access to safe drinking water for communities, without announcing that all planned connections were operational.

Sources: Uganda Ministry of Water and Environment

Information notice

This review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.

Zambia and Angola AFC selects preferred bidders for 830 km of new railway towards Lobito

On 27 October, Africa Finance Corporation (AFC) announced the selection of preferred bidders for the engineering, procurement and construction contracts for the 830 km greenfield Zambia Lobito Railway. The consortium of Webuild, Mota-Engil and IC İçtaş Construction was selected for the Zambian section, while the consortium of Mota-Engil and Odebrecht Engineering and Construction was selected for the Angolan section. Negotiations are due to begin in November, with the aim of concluding contracts within eight to twelve weeks, subject to agreement on technical, commercial and legal terms.

Sources: Africa Finance Corporation · Agenzia Nova · Mining Discovery

Côte d’Ivoire Parliamentary committee approves ratification bill for USD 322.5 million energy compact

According to Agence ivoirienne de presse and KOACI, the National Assembly’s Foreign Affairs Committee adopted a bill on 27 October authorising ratification of the agreements governing the Regional Energy Compact. The planned five-year package combines a USD 300 million grant from the Millennium Challenge Corporation, a US development funding institution, with a USD 22.5 million contribution from Côte d’Ivoire. The programme aims to modernise the grid, improve its reliability and support electricity trade within the Economic Community of West African States; the committee vote represents a step in the parliamentary process.

Sources: Agence ivoirienne de presse · KOACI

Nigeria Seventeen indicative programmes presented to connect transport and productive activities with financing

In its 27 October report on the Investment Partnership Lab held alongside the Nigerian Economic Summit, The Guardian described the presentation of seventeen indicative programmes linking productive activities, transport infrastructure and financing. Discussions included Sealink, a proposed network integrating inland waterways, coastal shipping, river ports and land connections. Further work is envisaged on navigability, maritime security and freight demand; these proposals do not represent concluded financing arrangements.

Sources: The Guardian Nigeria

Africa AFC and Munich Re establish USD 1 billion trade finance risk sharing programme

In an announcement reported on 27 October, AFC outlined a programme with reinsurer Munich Re providing USD 1 billion in committed risk-sharing capacity for its trade finance transactions with African banks. The first phase covers 38 financial institutions in eleven countries and includes letters of credit, trade loans and guarantees. AFC retains part of the risk on each transaction, and capacity can be reused as transactions are repaid; the amount does not represent an immediate disbursement for a particular infrastructure project.

Sources: Africa Finance Corporation · Reinsurance News · JBizNews — Bloomberg

Information notice

This press review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.

Egypt Scatec signs preliminary financing terms for a 1 GW solar project with an estimated investment of USD 650 million

According to reports published on 26 October, Scatec, the European Investment Bank, the European Bank for Reconstruction and Development, and the African Development Bank signed preliminary financing terms for the Dandara project in Nag Hammadi, Qena governorate: 1,000 MW of solar capacity and 200 MWh of battery storage, with total investment estimated at approximately USD 650 million. Agreements covering grid connection and the National Bank of Egypt’s equity participation in the project company were also signed; financial close has not been announced. Planned in two equal phases, the project is intended to supply approximately one-third of aluminium producer Egypt Aluminium’s electricity needs.

Sources:Businessmen EG· State Information Service — Egypt

DRC First joint committee meeting with the United States advances Grand Inga preparation

The Democratic Republic of the Congo and the United States held the inaugural meeting of the Grand Inga hydropower project’s Coordination and Governance Committee in Paris on 26 October, under their December 2025 strategic partnership. Reports published that day describe discussions on technical and financial preparation, electricity transmission, and engagement with partners; they do not present the meeting as the conclusion of construction financing. A joint technical group is scheduled to meet monthly from November 2026 to April 2027 to prepare the committee’s next meeting.

Sources: ADPI-RDC · OCPS RDC–USA · LePoint.cd · Digital Congo · Agora Grands-Lacs

South Africa AfDB and the National Business Initiative outline skills development for the energy transition

In a publication dated 26 October reporting on the 13 October summit in Johannesburg, the African Development Bank outlined progress under the Just Energy Transition Skilling for Employment Programme, supported by a USD 1 million grant from the Fund for African Private Sector Assistance. Working with the National Business Initiative, the programme is developing a dashboard of skills requirements and Skills Development Zones, with a launch scheduled in Nkangala on 29 October. Two additional studies are due to be presented at COP31; the work addresses, among other areas, the technical occupations needed for renewable energy installations and electricity grids.

Sources: African Development Bank

Information notice
 

This review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.

Botswana AfDB approves US$503.75 million for economic and energy reforms

In a statement dated 23 October, the African Development Bank announced approval of a US$503.75 million loan for Botswana’s Economic Competitiveness and Transformation Support Program. The programme combines measures addressing energy costs with reforms intended to support private investment. Its energy component includes a national electrification action plan and at least one competitive auction for new renewable capacity; the approved amount supports a reform programme rather than a single power plant.

Sources: African Development Bank · tralac · London Daily News · b-economik

Guinea Road financing for Labé Tougué advances through ratification procedures

Reports published on 24 October describe a further ratification step for financing the Labé–Tougué road and Banti–Koubia link, announced by decree on 23 October. In July, the Ministry of Economy and Finance had presented a €300 million package for the approximately 160 km route, including a bridge over the Bafing River. The development concerns financing formalities for an agreement signed on 22 July, rather than a new agreement concluded in October.

Sources: Guinéenews · Voice of Guinea · Ministère de l’Économie et des Finances de Guinée · Assemblée nationale de Guinée · The Rio Times

DRC SNEL holds talks on financing power generation and transmission projects

According to reports published on 24 October, the Democratic Republic of the Congo’s electricity utility, Société Nationale d’Électricité, met six financial institutions in Dubai on 22 October, including JPMorgan, HSBC and Standard Chartered. Discussions concern financial restructuring and financing four power generation and transmission projects, including through public-private partnerships. The reports do not announce a definitive agreement; financing amounts and terms remain to be determined.

Sources: Ouragan · CongoRassure · Enquete.cd · Africa Monitoring · KNB News

Algeria Ministry clarifies financing sources for the railway towards Tamanrasset

In a statement dated 25 October, the Ministry of Public Works and Basic Infrastructure specifies that the 495 km Laghouat–Ghardaïa–El Menia section is financed by the AfDB and the Asian Infrastructure Investment Bank. The 1,080 km El Menia–In Salah–Tamanrasset section is financed through the state budget. The ministry states that consultations with the Islamic Development Bank and the AfDB continue regarding other priority railway sections.

Sources: Ministère des Travaux publics et des Infrastructures de base

AfDB and UK Export Finance establish a framework for cofinancing in Africa

Published by the AfDB on 23 October and covered by the press on 25 and 26 October, the first framework agreement with UK Export Finance was signed in Conakry on 21 October. It provides for identifying, assessing and developing cofinancing opportunities for sovereign and non-sovereign operations, including energy, water, sanitation and digital infrastructure. The memorandum establishes a cooperation framework without announcing an overall financing envelope.

Sources: African Development Bank · The Guardian Nigeria · b-economik

Information notice

This press review has been prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.