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...
With over 40 years’ experience in the industry and a founding partner of Hemson Consulting Ltd, an advisory firm specialising in planning policy, municipal finance and related issues, Hughes is the first RICS President based in Canada. “We must develop more commercially innovative approaches to delivering projects that are affordable and...
The R61 mega road infrastructure project in the Eastern Cape has been completed the South African National Roads Agency SOC Ltd (SANRAL) announced recently. The project, which is valued at R550-million and forms part of a master plan for tourism and other long-term mega projects in the Eastern Cape, started on...
The R71m Kenako Concrete manufacturing facility, located in the Coega Special Economic Zone (SEZ), is the first black industrialist in Port Elizabeth to be funded by the Department of Trade and Industry (dti) and the Industrial Development Corporation (IDC). The facility has the capacity of six cubic metres of concrete in...
The Adelphi Centre in Sea Point, Cape Town, is currently undergoing extensive renovations. Once complete, it will offer a galleria-style shopping centre, renamed Artem, that combines art and shopping in the retail experience. The revamp is being undertaken by property development owners Da’Realty. Black and white marble throughout, Italian lighting, hand-crafted...
Brazil’s largest diversified miner Vale has announced that it, together with its Japanese partner Mitsui & Co, has signed a $2.73-billion funding deal to finance the Nacala Logistics Corridor (NLC), that will connect the Mozambique-based Moatize coal mine, to the Nacala port. Vale said in a press release that the deal included...
The largest airport in Senegal will open its doors on December 7, after more than a decade of development and delays. Blaise Diagne International (AIBD) will have initial capacity for three million passengers per year, rising to 10 million per year, making it one of the highest-capacity airports in Africa. Blaise Diagne...
The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$ 100 million and 1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa. The operation will support industrialization projects in both South Africa and...
