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Ethiopia-Djibouti Railway Officially Completed

AFRICANGLOBE - The completion of the Addis Ababa-Djibouti Railway, a new 752km track linking Ethiopia’s capital with the Port of Djibouti, was officially marked recently at a ceremony at Nagad Railway Station in Djibouti. In the presence of Djibouti’s President, His Excellency Ismail Omar Guelleh, and Ethiopia’s Prime Minister, His Excellency Hailemariam Desalegn.

Cement Is The New Oil As Africa’s Richest Man Takes On...

AFRICANGLOBE - Africa’s richest man is pushing to dominate its market for cement, the material at the heart of the continent’s infrastructure boom. All that stands in his way is the world’s biggest cement maker French company LafargeHolcim Ltd.

Uganda And Kenya In Race To Connect Rail Infrastructure To Juba

AFRICANGLOBE - According to independent sources, there is a quiet race between Kampala and Nairobi to develop rail connection to Juba because whoever achieves it first, effectively defers development of the other.

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.

Ethiopia Takes Cue From China

AFRICANGLOBE - Whereas Africa’s recent boom derives from mineral resources, Ethiopia’s growth has been primarily driven by manufacturing, agriculture and transport. This has led some to draw parallels between Ethiopia’s journey and China’s success narrative

Ethiopia Sheds Famine Stereotype As Its Economy Booms

AFRICANGLOBE - Ethiopia, once known for epic famines that sparked global appeals for help, has a booming economy and big plans these days. Over the last decade Ethiopia's economy has grown at an average of 11 percent, more than double the rate for Africa, according to U.N. figures.

Huge Rail Network To Put West African Economies On The Right...

AFRICANGLOBE - When it comes to minerals found in our phones, laptops, cars and planes, most are found in the resource-rich mines of West Africa. Mineral exports are a major economic driver of nations such as Nigeria, Burkina Faso and Niger, and are predicted to rise from 109,000 tonnes a year to 3.4 million tonnes a year by 2030.

Nigeria Unveils 30-year Master Plan To Fund $2.4 Trillion Infrastructure Deficit

AFRICANGLOBE - The Nigerian Government has revealed plans to commence the implementation of a strategic investment master plan that will, in three decades, bridge the country’s infrastructural funding gap, currently estimated at about $2.4 trillion.

Africa To Attract Investments Worth US$180bn, States PwC Report

AFRICANGLOBE - Expenditure on infrastructure in Africa is set to reach US$180bn per annum in 2025, according to a report by professional services firm Pricewaterhouse Coopers. The report titled Capital Projects & Infrastructure in East Africa, Southern Africa and West Africa,was drafted after a survey was conducted among 95 players in the infrastructure industry.

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).

Investing In Infrastructure: Africa’s Top 5 Opportunities

AFRICANGLOBE - Ethiopia has the highest spending on infrastructure as a percentage of GDP in Africa. The government is dedicated to delivering high quality infrastructure to the country as the impetus for investment in the country’s other business sectors, particularly manufacturing/industrial and agriculture.

African Economy to Grow By 6% In 2014

AFRICANGLOBE - Investment in infrastructure and production capacity in Africa will see the continent's economy growing by 6% in 2014, according to the International Monetary Fund. An IMF release on Thursday said Africa's economic growth will rise to 6% from 5%.

Pushing Africa To Invest In Its Infrastructure

Given Africa’s huge infrastructure requirements, he asked, why did African countries not find a way of putting those reserves towards Africa’s development – something that would then inevitably have the multiplier effect of ratcheting up the continent’s economy, rather than supporting a foreign power.

Africa’s Infrastructure Development: Who’s ‘Offering Plate’?

AFRICANGLOBE - There is so much outflow of capital from this continent’s shores and yet through these resources we have some of the highest growth rates globally. So exactly what is it we are doing right that we seek to maintain? Africa needs deeper discussions around the practicality of the Africa50 Fund.

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

Southern African Development Community to Hold Infrastructure Summit

AFRICANGLOBE - The Southern African Development Community (SADC) will hold an Infrastructure Investment Summit in Maputo, Mozambique on Thursday. The summit is seen as highly important for the SADC as it seeks to accelerate its industrial and trade capacity through substantial infrastructure investment in order to expand economic growth and employment creation.
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