Shuttered stores, thinning crowds, empty parking lots, and retailers filing for bankruptcy. These are tough times for shopping malls and the major retailers who serve as their anchors. Product oversupply and the rise of e-commerce are squeezing margins, and customers are demanding unique and personalized experiences, not just the same...
The Minister of Railway Development Mr. Joe Ghartey Tuesday said over 1,400 kilometer (KM) railway lines, expected to cost about $7.8 billion, would be created between three cities notably the Volta lake city, Ashanti rail city and the Paga rail city. According to Mr Ghartey, the Eastern line of 300 km would be...
The Minister of Railway Development Mr. Joe Ghartey Tuesday said over 1,400 kilometer (KM) railway lines, expected to cost about $7.8 billion, would be created between three cities notably the Volta lake city, Ashanti rail city and the Paga rail city. According to Mr Ghartey, the Eastern line of 300 km would be...
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...
