Tag: infrastructure

African Development Bank welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix

Download logoThe African Development Bank (www.AfDB.org) has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund (CTF) (https://bit.ly/3dpAuyj), one of two funds within the Climate Investment Funds (CIF) (https://bit.ly/3fvTSeP), to extend a $10 million concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia (https://bit.ly/2LdzuBn). The CTF approved the loan on 20 April 2020 for the project, which is seen a

Vantage Capital exits Vumatel

Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine debt fund manager, announced that it has fully exited its investment in Vumatel, the largest fibre-to-the-home network provider in South Africa. The company was established in October 2014 by Niel Schoeman and Johan Pretorius, industry veterans who had previously started up the Birchman Group and Conduct Telecom before creating Vumatel. Vumatel started out its life rolling out South Africa’s first fibre optic

Asoko Insight and the UK’s Department for International Trade extend digital DealRoom platform after successful pilot

Download logoFollowing the successful pilot of our digital DealRoom with the UK government's Department for International Trade (DIT) Africa, Asoko Insight (https://AsokoInsight.com) is pleased to announce that the deal origination platform will continue to match UK investors and businesses to fund-seeking African corporates for a further six months. The extension of the DealRoom underscores its initial success and the commitment of the UK government to continue to advance its object

Investment Report examines Angola Oil and Gas Projects

Africa Oil & Power launched its Africa Energy Series Special Report: Angola 2020 on Thursday; the available-for-download report provides the status of several investment projects in development in Angola, including its 2020 licensing round, construction of gas processing facilities in Soyo, and more; the publication follows the announcement of the new dates for the Angola Oil & Gas 2020 Conference & Exhibition, which will now take place in Talatona from October 14-15. In line with A

Ministry of Mines and Hydrocarbons takes New Measures to Boost Local Content in Equatorial Guinea

In line with Equatorial Guinea’s efforts to ensure that the country’s recovery benefits local jobs creation and national content development, the Ministry of Mines and Hydrocarbons has published a new Ministerial Order to encourage the hiring of local workforce. Ministerial Order Number 1/2020 limits to three years the period during which companies can employ foreign labour and expatriates in Equatorial Guinea’s oil & gas industry. The order follows years of successful capac

African Development Bank approves €40 million in grants for bridge linking Cameroon and Chad

Download logoThe Board of Directors of the African Development Bank Group (www.AfDB.org) has approved grants worth €40.94 million for the construction of a bridge to connect Cameroon and Chad across the Logone river. The grants, comprising a €20.785 million tranche for Cameroon and €19.215 million for Chad, were approved on 30 April 2020. The facility is from the Investment Facility for Africa under a framework agreement between the Bank Group and the European Commission. The

Africa50 donates US$800,000, joins African Countries to help fight COVID-19

Download logoAnnounces a grant of US$300,000 to the Africa Centres for Disease Control and Prevention (Africa CDC) for the purchase of test kits and other medical equipment and to mobilize frontline responders; provides US$500,000 to fund other targeted infection control and prevention activities in several African countries. Africa50 (www.Africa50.com), the pan-African infrastructure investment platform, has announced its COVID-19 Relief Support Initiative, which aims to support the continen

Africa50 supports COVID-19 response with US$300,000 grant to Africa Centres for Disease Control and Prevention (Africa CDC)

Download logoAfrica50 has announced a grant of US$300,000 to the Africa Centres for Disease Control and Prevention (Africa CDC) to support response to the COVID-19 pandemic in Africa.  The grant will be used specifically for the purchase of test kits and other medical equipment and to mobilize frontline responders, as highlighted in the Africa Joint Continental Strategy for COVID-19. The Chief Executive Officer of Africa50 (www.Africa50.com), Alain Ebobisse, says the grant signals the be