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...
Following up on the recently implemented special electricity tariffs for large businesses and manufacturers, Kenya asserts its commitment to attract investors. Business Daily reported that the east African country is rolling out a number of projects to lower the cost of power. It is reported that investors are being urged to put...
Governments remain the single largest developers of infrastructure projects – a common thread emanating from the 2017 edition of the Deloitte Africa Construction Trends Report. This is supported by the fact that governments own between 57% and 90% of tracked projects per region. Moreover, it shows the varied impact of...
Ethiopian officials, who have earmarked some 11.5 million hectares (28.5 million acres) of land for overseas firms to invest in agriculture, say Karuturi failed to make adequate progress on the land. Activists say neither side addresses the more critical issue of millions of people being forcefully removed from ancestral lands with...
Burkina Faso is now home to West Africa’s biggest solar farm, a 33-megawatt plant located in the town of Zatubi, outside the capital Ouagadougou. Built at a cost of $56.7 million, the 55-hectare (approximately 135-acre) farm is expected to power tens of thousands of households in the country. It was funded through...
ECOWAS on Wednesday said that it has concluded plans for sub-regional development projects worth 29.66 billion dollars for the period of 2018 to 2022. President of the Commission, Marcel Alain de Souza said this this while presenting the Status Report on the State of the Community to the Second Ordinary Session...
CEO Byron Clatterbuck eyes a potential option joint venture as the West Africa Cable System runs out of capacity. Seacom may build another undersea telecommunications cable along the east or west coast of Africa, says the telecoms infrastructure group. The company, partly owned by Remgro, owns an undersea cable running along the...
Investec Asset Management (Investec), through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS). Investec made an initial equity investment into Mobisol in late 2016, leading a consortium that included the...
Investec Asset Management Private Equity (Investec) has divested its equity holding in Ashwah Holdings (Ashwah), parent company of Daraju Industries (Daraju), by selling its significant minority stake back to the company. Daraju is a leading Nigerian manufacturer of high-quality and attractively priced branded personal and household care products. Selling primarily through...
At the annual AfricaCom conference today, pan-African ICT investor, Convergence Partners and 4Di Group announced a recently concluded acquisition of a significant minority stake in ESET Southern Africa by Convergence Partners. ESET Southern Africa is the local distributor and brand operator for leading global internet and endpoint security software vendor...
