Infrastructure News

Nairobi to Mombasa high-speed railway opens

Nairobi to Mombasa high-speed railway opens

East Africa is now more accessible than ever. After two years of construction, Kenya’s largest infrastructure project since independence, a $3.8 billion Chinese-built high speed railway, is up and running.

Carole Wamuyu Wainaina, incoming COO, Africa50 Infrastructure Fund

Carole Wamuyu Wainaina is Named Chief Operating Officer for Africa50

Africa50, the pan-African infrastructure investment platform capitalized by the African Development Bank, 23 African countries, and two African Central Banks, has appointed Carole Wamuyu Wainaina as Chief Operating Officer.

Top 3 Mortgage Growth Markets in 2017 - Egypt, Algeria and Nigeria

Egypt, Algeria and Nigeria are the top 3 mortgage growth markets in 2017: Euromonitor

Euromonitor International has identified the top three markets globally in 2017 by fastest growth in mortgaged households.

Kemi Adeosun, Nigeria's Minister of Finance

Nigeria to tap private capital, boost spending on infrastructure

Nigeria aims to rise the proportion of government spending devoted to infrastructure to 30 percent from 10 percent and to mobilize private capital for additional funding.

Eko Atlantic City, Lagos, Nigeria (Illustration)

Lagos living: Solving Nigeria's megacity housing crisis

Affordable housing is a considerable challenge for urban areas with large populations, and this is particularly prevalent in Nigeria’s city of Lagos.

Marlon Chigwende (L), former Managing Director, Sub-Saharan Africa at Carlyle; Kayode Akinola (R), Director, Africa at KKR. Credit: LinkedIn

Former Africa heads at Carlyle and KKR to set up private equity firm Arkana Partners

Kayode Akinola quits KKR to start firm with Marlon Chigwende. New firm to target investments of less than $100 million in equity.

SafariCity, Arusha, Tanzania

Check out 5 futuristic African cities that will take the tourism industry by storm (Photos)

Africa is seen to take up the tech challenge by investing billions of dollars in the development of tech futuristic cities.

Nana Akufo-Addo, Ghana's President-Elect

Ghana President-Elect says aiming for double-digit growth

Ghana’s president-elect Nana Akufo-Addo said on Wednesday he would focus on restoring stability, cutting taxes and interest rates and spurring double-digit growth, in his first comments on the economy since winning a Dec. 7 vote.

Modderfontein New City, Johannesburg, South Africa

11 giant infrastructure projects that are reshaping Africa

By the United Nations’ estimate, the continent will see its current population of 1.2 billion double by the year 2050.

Kenya Plans First Nuclear Power Plant at $5 Billion Cost

Kenya Plans First Nuclear Power Plant at $5 Billion Cost

Kenya plans to begin constructing its first nuclear power plant at a cost of $5 billion by 2021 as the country seeks to bring down the cost of electricity.

Dar es Salaam, Tanzania

The rise of Africa's megacities

Over the last 35 years, the share of Africa’s population living in urban areas climbed from 27% to 40%.

Nigeria's President Muhammadu Buhari. Credit: Yahoo/Pius Utomi Ekpei/AFP/Getty Images

Fool Nigeria Once, Shame on You. Fool Nigeria Twice ...

It’s been a tough year for Nigerian President Muhammadu Buhari. The mood in Africa’s most populous nation is a far cry from the euphoria that greeted his historic 2015 election.

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa.

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa.

Abidjan, Ivory Coast

Ivory Coast: Tech Hub on the Rise

Following years of political turmoil, Côte d’Ivoire is growing quickly and attracting investment. Now, the government is trying to position the country as west Africa’s technology and start-up hub.

Buffalo Mall, Naivasha, Kenya

East Africa's second-tier cities hold untapped potential

Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.

Bugesera International Airport (Illustration)

Rwanda signs $818M deal for new international airport

Rwanda has signed a deal with the African division of Portuguese construction firm Mota-Engil to build an international airport at a cost of $818 million, the company and government officials said.

Konza Tech City

Kenya's $50 billion megaprojects (Photos)

Konza Tech City – The much-hyped Konza Tech City – or “Silicon Savannah” – is hoped to be a world-class hub of entrepreneurship. The $15 billion site, set in 5,000 acres to the south of Nairobi, will accommodate almost 200,000 people, complete with universities, research facilities, and IT centers.

Lagos, Nigeria

Six things to consider when doing business in Sub-Saharan Africa

Over the past two decades, Sub-Saharan Africa has caught the attention of an increasing number of investors who are looking for new and promising opportunities.

Mark Okoye, Executive Director & Secretary, Anambra State Investment Promotion and Protection Agency (ANSIPPA)

Invest Nigeria - Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)

In March 2015, Anambra was ranked the most transparent and accountable state in Nigeria, complying with all the set standards in public sector accounting, according to the International Public Sector Accounting Standards (IPSAS).

Cape Town, South Africa. Photograph: Eric Nathan/Alamy

A New Map for Business in Africa

Only a few years ago, Africa was being dubbed “the next Asia,” and multinationals watched with mounting interest as local economies boomed across the continent.

6 reasons to invest in Africa

6 reasons to invest in Africa: Tarek Sultan, CEO & Vice Chairman, Agility

The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity.

3 reasons things are looking up for African economies: McKinsey & World Economic Forum

3 reasons things are looking up for African economies: McKinsey & World Economic Forum

In 2010 the McKinsey Global Institute (MGI) described the potential and progress of African economies as “lions on the move”.

Africa-focused private equity funds AFC and Harith merge $3.3 billion in electric power assets

Africa-focused private equity funds AFC and Harith merge $3.3 billion in electric power assets

Harith General Partners (Harith) and Africa Finance Corporation (AFC), two preeminent institutional investors based in Africa, have merged their assets, expertise and experience to create a new energy entity combining both renewable and non-renewable power generating assets in Africa.

Issam Darwish, Executive Vice Chairman & CEO, IHS Towers

IHS Towers closes the first African mobile infrastructure consolidation transaction with HTN Towers

IHS Holding Limited (IHS), the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, has completed the acquisition of Helios Towers Nigeria Limited’s (HTN) 1,211 diversified tower sites throughout Nigeria.

Kenya vs. Tanzania: The race to build Sub-Saharan Africa's largest port. Credit: bbc.com

Kenya vs. Tanzania: The race to build Sub-Saharan Africa's largest port

Kenya and Tanzania have long competed to have the most important port in East Africa and their rivalry is about to become more intense as they compete for the region’s business.

Ashish Thakkar, Founder, Mara Group. Credit: thenational.ae

GE, Mara Group & Atlas Merchant Capital partner to invest in infrastructure across Africa

General Electric Africa (GE), Mara Group and Atlas Merchant Capital have partnered to help address infrastructure challenges in Africa through investments in equity projects.

David White, Chairman, Emerging Africa Infrastructure Fund (EAIF)

Emerging Africa Infrastructure Fund appoints Investec Asset Management to manage $670M fund

Following a competitive tender process that brought interest from over 30 companies, from across Europe, Africa and North America, the Emerging Africa Infrastructure Fund Limited (EAIF or the Fund) has appointed Investec Asset Management (IAM) as its fund manager.

Capturing a vibrant, modern Africa

Capturing a vibrant, modern Africa: Geoffrey White, CEO, Agility Africa

Much of the world’s perception of Africa is outdated and misinformed.

Geoffrey White, CEO, Agility

The macroeconomics across Africa are impressive: Geoffrey White, CEO, Agility Africa

The world in 2016 is very challenging; energy prices have collapsed, China’s economy has slowed; political instability is amok in the Middle East; ISIS wages open war; Russia has resumed its colonial ambitions and Europe is struggling to survive the difference in economic cultural attitudes between the North and South, compounded by the influx of migrants.

Rita Kavashe, Managing Director, GM East Africa

General Motors East Africa to double truck output on construction boom, says MD

A construction boom in Kenya has fueled a rise in commercial truck sales for market leader General Motors, which is investing $7.9 million in 2016 to upgrade its assembly plant in Nairobi and more than double output, a senior executive said on Thursday.

Luis Gravito, Senior Partner & Managing Director, BCG

Boston Consulting Group opens office in Lagos, 4th in Africa

The Boston Consulting Group has opened an office in the Nigerian city of Lagos, its fourth in Africa.

Two Rivers, Nairobi, Kenya (Illustration)

Africa: A land of opportunity for property investors

UAE investors have been urged to follow in the footsteps of the Majid Al Futtaim Group and the Landmark Group by pursuing property opportunities in East Africa.

Kenya signs $5.42B railway extension deal with Chinese firm

Kenya signs $5.42B railway extension deal with Chinese firm

Kenya recently signed a multi-billion dollar agreement with China Communications Construction Company (CCCC) to extend the country’s rail network, adding to a swathe of infrastructure deals in Africa won by Chinese firms.

Africa - The Race Between Debt and Growth

Africa: The Race Between Debt and Growth

As sentiment toward emerging markets has turned negative over the past few years, African economies have not been spared from the ensuing rout.

Mitchell Prather, Managing Director, Djembe Communications

We see opportunities in every conceivable sector in Africa: Mitchell Prather, Managing Director, Djembe Communications

We are seeing inquiries from a number of public and private sector entities representing a wide variety of sectors, including financials, agriculture, infrastructure and hospitality, to name a few.

Africa's mobile subscriptions grow fastest globally

Africa's mobile subscriptions grow fastest globally: ITU

Africa experienced the largest growth in mobile subscriptions of any world region in 2014, according to Analyse Africa’s analysis of data from the International Telecommunications Union (ITU).

4G connectivity could drive a new era of productivity for African entrepreneurs

4G connectivity could drive a new era of productivity for African entrepreneurs

Sub-Saharan Africa’s telecoms infrastructure has improved in leaps and bounds over the past few years, thanks to new undersea cables, national fibre links and mobile data services.

Nigerian billionaire Abdulsamad Rabiu, Chairman, BUA Group. Credit: theheraldng.com

Nigerian billionaire Abdulsamad Rabiu in talks with China's Sinoma over $1.9B steel and cement deal

Nigerian billionaire Abdulsamad Rabiu’s conglomerate BUA Group is in talks with China’s Sinoma to build a steel plant in Nigeria and two cement plants in East Africa for $1.9 billion.

Victoria Island, Lagos, Nigeria

Africa: Firmly on the map

A number of new real estate fund platforms focused on Sub-Saharan Africa (SSA) have emerged in recent years, giving credence to the continent’s ability to attract larger capital commitments from global investors.

Kayode Fayemi, Nigeria's Minister of Solid Minerals Development

Nigeria to revive $4.5B Ajaokuta steel mill in 2016, says Solid Minerals Minister Fayemi

Nigeria is aiming to hand over the $4.5 billion Ajaokuta steel complex to private operators this year as part of a plan to kick start its industrial and mining industries, Kayode Fayemi, the country’s minister of Solid Minerals Development, said.

Akinwumi Adesina, President, AfDB

Africa growth stays strong even as China slumps: Akinwumi Adesina, President, AfDB

Strong investment flows to Africa will sustain high economic growth on the continent even amid low oil prices and a slowdown in China, African Development Bank President Akinwumi Adesina said.

African economies to grow by 4.4% in 2016

African economies to grow by 4.4% in 2016, up from 3.7% in 2015

Africa will record a 4.4 percent economic growth this year, up from 3.7 percent in 2015 buoyed by increasing domestic demand and improved investment in infrastructure, the United Nations has predicated.