AfricInvest, a leading pan-African mid-cap-focused private equity firm, is pleased to announce the first closing of its North African Fund (MPEF IV). The fund has received capital commitments of EUR137mn from prestigious finance institutions and expects the total to grow to more than EUR150mn by year-end. MPEF IV is a 10-year fund managed by...
The Government of Rwanda and Metito have announced the financial close of the Kigali Bulk Water Supply Project. This project is the first competitively tendered Build Operate Transfer (BOT) Water Concession in Sub-Saharan Africa outside of South Africa. Construction is forecasted to last 30 months from the commencement date. The project will be located in...
The government of Victoria has announced the route for the long-awaited North East Link road project. This will complete a ring-road around Melbourne, connecting the suburbs in the east from Nunawading, to Greensborough in the north. The route spans 26 km. It has been selected from a shortlist of four...
SCC Nigeria is currently seeking an additional US $89.6m for the construction of the Otukpo Multipurpose Dam in Benue. According to Sabastine Oteba, SCC Resident Engineer, the request for the contract review is due to an increase in cost of items. On the other hand, a project verification team from the...
The Emerging Africa Infrastructure Fund (EAIF) has announced the financing for a large-scale water treatment plant in Rwanda. The water treatment plant is the first Bulk Surface Water Supply in sub-Saharan Africa using a public/private partnership (PPP) model. It is also one of the few sub-Saharan Africa water infrastructure projects on a...
Burkina Faso has launched West Africa’s largest solar power plant- Zagtouli solar power plant. This is in a deliberate move by the country to boost renewables and cut energy dependence on its neighbours. The US $56.27m project has been funded in part by US $ 29.6m donations from the European Union and a...
Kenya National Highways Authority (KeNHA) has signed a contract with South African construction firm, Group Five Construction Proprietary Limited to initiate the construction of the Lamu-Isiolo road. The US $602m project is part of the Lamu Port South Sudan Ethiopia Transport (LAPSSET) Corridor Project Kenya hopes that the 530km road will...
The government through the Kenya National Highways Authority (KeNHA) has signed a Sh64 billion financing deal for the construction of the Lamu, Garissa, Isiolo road. The contract has been awarded to the Lamu Road Consortium ( LRC) bringing together the Development Bank of Southern Africa and Group Five Proprietary Limited. Construction of...
Somerset West – Capital will always go where it is looked after, Patrick Dlamini, CEO and managing director of the Development Bank of Southern Africa (DBSA), has said at the First African Roundtable on Infrastructure Governance taking place in Somerset West. “Integrity of the rule of law is critical for investor...
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...
