HARARE, Dec. 6 (Xinhua) — China on Wednesday agreed to provide Zimbabwe with a funding of about 213 million U.S. dollars for infrastructure development projects. Robert Gabriel Mugabe International Airport, Harare, ZimbabweThe funding includes those for the expansion and upgrading of the country’s flagship airport, the Harare Robert Gabriel Mugabe International...
The ministry of Finance and Economic Planning, on behalf of the Rwandan government has signed two financing agreements worth US $255.14m with the African Development Bank (AfDB). The money will fund water supply and business development programs in the country. In the deal, US $171m will support Rwanda Sustainable Water Supply...
The eagerly-awaited Entebbe expressway will be open for motorists in May 2018. There are several sections of the 49.5km stretch operating for limited use even though the contractors, China Communications Constructions Company (CCCC), are yet to put final touches to it. According to the acting CCCC Country Manager, Joseph Zheng Biao,...
Reflecting on progress on the Zambia, Tanzania and Kenya (ZTK) power interconnector project since 2014, Kenya demonstrates readiness so far. According to the East African Business, the Kenya section is fully financed and already under construction, while Zambia requires $160 million for the uncommitted parts. The 2,300km ZTK power interconnector seeks to...
Barclays Africa Group Limited (BAGL) and China Development Bank (CDB) have signed a memorandum of understanding (MoU) aimed at strengthening cooperation and exploring opportunities to fund development projects in Africa. Given CDB’s focus on infrastructure finance for roads, railways and dams, Barclays Africa will leverage the MoU to unlock opportunities...
In recent years, many economies in sub-Saharan Africa have grown at an unparalleled rate. Economic fortunes are on the upswing, populations are booming and international investment is flowing into the continent. A consequence of this has been a commensurate increase in the emergence of disputes. This is creating an opportunity for...
Address by Ms Nomvula Mokonyane, Minister of Water and Sanitation at the Water Infrastructure Investment Summit held at the Sandton Convention Centre, City of Johannesburg Programme Director, Gabsie Mathenjwa David Mahlobo, Minister of Energy Lindiwe Zulu, Minister of Small Business Pam Tshwete, Deputy Minister of Water and Sanitation MEC’s Present Ambassadors and High Commissioners Parks Tau, SALGA...
Common Market for Eastern and Southern Africa (COMESA) Secretary General Sindiso Ngwenya said, in an interview with Daily News Egypt, that the Egyptian initiative to establish logistical centres in a number of African countries is a laudable initiative. Ngwenya added that the COMESA will be pursuing specific trade programmes in 2018...
Ivory Coast and Burkina Faso on Monday began work to overhaul and expand a single-track rail line connecting Abidjan to the Burkinabe capital that is a vital link between the Sahel and Atlantic coast. Renovating the 1,260-kilometre (782-mile) track — which had first been announced in 2015 with no work being...
BEIJING, Dec. 5 (Xinhua) — China’s growing presence in the international arena to foster a community of shared future for mankind was further evidenced recently by two fruitful meetings of leaders of China, Central and Eastern European countries (CEEC) and member countries of the Shanghai Cooperation Organization (SCO). Chinese Premier Li...
