Tag: infrastructure projects
Ethiopian Parliament Approves Chinese Funding For Infrastructure Projects
AFRICANGLOBE - Ethiopia's parliament on Tuesday approved three loan agreements worth over 380 million U.S. dollars made with the Chinese government and the Export-Import Bank of China to finance major infrastructure constructions in Ethiopia.
These 11 Mega Infrastructure Projects Are Transforming Africa
AFRICANGLOBE - Africa's population is expanding. By the United Nations' estimate, the continent will see its current population of 1.2 billion double by the year 2050. That's an expected growth of 42 million people — basically a brand-new Argentina — every year. A number of important infrastructure projects are underway to make room for all those people, including railways, dams, and clean energy solutions such as solar arrays. Here are some of the largest projects coming to Africa in the next several decades.
Ethiopia’s 1,870mw Gibe III Dam Begins Full Operations
AFRICANGLOBE - Ethiopia on Saturday inaugurated the €1.5 billion ($1.57 billion) Gibe III hydro plant on River Omo. The plant has 10 turbines each with a capacity of 187MW, and will increase Ethiopia's total electricity output to 4,238 megawatts.
Africa’s Debt Boom Comes To An End
AFRICANGLOBE - A credit boom in Africa that has fuelled an expansion in infrastructure projects across the region is fading out as higher borrowing costs threaten a pipeline of new deals.
East Africa Seeks $43b For Key Infrastructure Projects
AFRICANGLOBE - The East African Community is seeking at least $43 billion to fund key infrastructure projects for the next 10 years as it moves to address its current huge infrastructure gap. The infrastructure projects include railway, energy, ports and harbours, inland waterways and information and communications technology (ICT).
Ethiopia Developing Faster Than Any Other African Country?
AFRICANGLOBE - In one of my recent articles, I wrote about Ethiopia’s infrastructure development. As usual Kenyans were in denial but the fact remains that Ethiopia is advancing faster than any other African country. A new World Bank report has confirmed this.
Ethiopia Among 10 Fastest Growing Economies Worldwide
AFRICANGLOBE - Ethiopia's economy among the 10th fastest growing economy in the world, according to Mrs. Gifty Abasiya Ababulgu, the Ethiopian Ambassador to.
Top 5 Infrastructure Projects In Africa 2013
AFRICANGLOBE - The Influx of greater Foreign Direct Investment in Africa, coupled with the rising demand of state-of-the-art infrastructures has ushered in a new dawn of monumental edifices, gradually changing the landscape across Africa.
Donald Kaberuka: Planning For An Economically Successful Africa
AFRICANGLOBE - Donald Kaberuka’s performance has been described by some as ‘flawless’. His endeavours to improve growth and development in many African countries have earned him much acclaim.
Southern Africa Seeks $64 Billion Investment in Transport, Other Infrastructure
AFRICANGLOBE - Southern Africa is seeking investment and finance for a $64 billion programme to improve transport, energy and other infrastructure over the next five years. The plan for 106 cross-border infrastructure projects covering the priority sectors of energy, transport, tourism, water, information communication technology and meteorology was presented to
Massive Investments In South Africa’s Infrastructure
AFRICANGLOBE - The South African government will have spent R860-billion on new infrastructure projects in South Africa between 2009 and March this year, President Jacob Zuma said in his 2013 State of the Nation Address.
Addressing both house of Parliament in Cape Town on Thursday evening, Zuma highlighted major milestones in key infrastructure projects crucial to the country's New Growth Path strategy.
Ethiopia Coaxes Investors In Order to Finance Growth Plan
AFRICANGLOBE - Ethiopia’s government plans to attract more foreign investment and boost domestic savings as it struggles to finance infrastructure and other development projects, State Minister of Finance Abraham Tekeste said.
Top 5 Real Estate and Infrastructure Projects in Africa 2012
AFRICANGLOBE - Africa has become a hotspot for development over the past year, with investors flocking to the continent and companies vying to position themselves to benefit from the economic boom Africa is starting to experience. An imperative factor in economic development, however, is strong infrastructure
Investments and Pension Reforms In Africa: Wake Up, Domestic Giants!
New reforms and stricter governance measures could bring billions of dollars in new investments into African stock markets and infrastructure projects.
The investment giants of...
Development Bank Approves Billions for Infrastructure in Southern Africa
The Development Bank of Southern Africa approved R27.5-billion for infrastructure projects, 86% of which are in South Africa, during 2011/12, the bank said on...
Private Sector Key to Africa’s Infrastructure Development
Infrastructure investment is costly, long-term and characterised by internal and cross-border market regulations. Whilst governments are the leading financiers of infrastructure projects, there exists...
