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South Sudan Govt in Talks With Texas Company On Oil Pipeline

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The government of South Sudan is in talks with a Texas-based company to explore options for building an oil pipeline which would serve as...

Angola: Public Official Goes Shopping With State Money

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Kero hypermarket, probably the biggest in Angola, might be considered a model private investment, thanks to the way it has improved the range and...

Tanzania Farming Plan Gets WEF Support

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THE ambitious Southern Agricultural Growth Corridor of Tanzania (SAGCOT) plan is now a hot topic at the World Economic Forum (WEF) here and has won massive support from development partners with many more willing to come on board.

Huge Gas Deposits Found in Tanzania – Country Might Become the...

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The government has started working on strategies to prepare Tanzania's economy to accommodate huge investments in the natural gas sector in anticipation of major commercial discoveries in the next five years. The imminent commercial discoveries, whose quantity is yet to be determined, will result into "multi-billion dollar foreign direct investments," which would add significant revenue flows to the government coffers, as well as take a big part of the country's export volumes, the facts that will, in pure technical terms, make Tanzania a "gas economy" said the minister of Finance and Economic Affairs Mustafa Mkulo in a letter he sent to the International Monetary Fund (IMF) last month.

South Africa and Swaziland to Build $2 Billion Railway Line

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The 146-kilometre railway line to be established between South Africa and Swaziland will help reduce the cost of doing business between the two countries. Swazi traders, who import most of their wares from South Africa, feel the new railway infrastructure will also have positive spinoffs for the consumer by lowering the prices of commodities because of the potential reduction of transport costs.

Tanzania to Spend U.S. $189 Million On Fibre Optic Network

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Tanzania will spend over $189 million on laying the national fibre optic network, which is expected to be complete by March this year, boosting access to and lowering cost of Internet. Minister for Communication Science and Technology Professor Makame Mbarawa says the project is financed jointly by China and Tanzania, with the former dishing out over $170 million and the latter $18 million.

South Korean Firm Moves to Build Garment Factory in Haiti

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The biggest international project aimed at helping Haiti rebound from the 2010 earthquake eased closer to reality at a ceremony Monday. Former U.S. President Bill Clinton and Haitian President Michel Martelly broke ground for an ambitious $224 million industrial park in northern Haiti that they hope will generate tens of thousands of jobs, house 5,000 of the workers and educate 500 of their children in a new school.

New AU Headquarters To Be Inaugurated In January

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AFRICANGLOBE - Construction of the new headquarters of the African Union (AU) in Addis Ababa, capital city of Ethiopia, was recently completed and the structure has passed an internal quality inspection, said Zeng Huacheng, a special councilor to the AU headquarters project from China's Ministry of Commerce

Base Resources Signs Kenya Titanium Deal With Dupont

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Australia's Base Resources said on Thursday it had signed a purchase agreement with DuPont Titanium Technologies for the U.S. company to buy products from Base's titanium mining project in Kenya.

Nigeria Federal Government Plans 50,000 Jobs

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Nigeria's Federal Government on Monday, said it is targeting the creation of about 50,000 new jobs and 6,000 young entrepreneurs within the next three years with the launch of the Youth Enterprise with Innovation in Nigeria, YOU WIN, project.

Dangote Starts $115m Cameroon Project

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Nigerian cement manufacturer Dangote began construction of a $115 million cement plant in Cameroon, and is eyeing another $585 million in investments in the central African country.

China to Finance Tanzania Pipeline

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China and Tanzania are to sign a $1.06 billion loan agreement to build a natural gas pipeline from the southern part of the east African country to its commercial capital, a Tanzanian newspaper wrote.

Chinese Credit to Finance Ghana's Infrastucture Upgrade

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Ghana's Opposition New Patriotic Party (NPP) members of parliament were up in arms when the governing National Democratic Congress (NDC) used its slim parliamentary majority to push through approval of a US$3 billion credit line from the China Development Bank

Ethiopia Raises US$350 Million for Mega Dam

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More than US$ 350 million has been mobilised from various sources in Ethiopia to support the construction of Africa’s biggest dam.

China Financing $9.3 Billion Worth of Dams for Hydropower in Africa

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When completed in 2013, Gibe III on Ethiopia’s Omo River will be Africa’s tallest dam, a $2.2 billion project that conservationists say will deprive birds and hippos of vital habitat.

Zimbabwe to Build 13 New Power Stations

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ZESA Holdings has licensed 13 independent power producers with a combined capacity of 4 546 megawatts expected to be operational in about four years.
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