Thanks to new financing of more than U.S. $28 million, approximately 12,500 people living in Mali's rural areas will soon be connected to the electricity grid for the first time.
Tender and Business News
The Tshimologong Digital Innovation Precinct, part of University of Witwatersrand (Wits University) in Johannesburg, South Africa, has just launched its BCX Innovation Programme for technology startups. It runs from February 8 - March 15, 2018.
The Powering Africa: Summit, to be held from February 28 - March 2, 2018, in Washington, D.C., will be a unique opportunity for power planners and development strategists to determine how to invest in future power projects or the African continent.
Sahara Group, a privately-held Power, Energy, and Gas Infrastructure Conglomerate with major offices in Nigeria, Ghana, Cote d'Ivoire, and Switzerland, among others, will use the upcoming 2018 World Economic Forum annual meeting in Davos, Switzerland, to make a strong case for collaborate efforts to provide more access to power throughout Africa.
The Rt. Hon Penny Mordaunt, Britain's Secretary of State for International Development, just wrapped up a visit to Kenya from January 19-20, to discuss greater UK-Kenya cooperation on economic growth and investment. It was considered timely in view of ongoing discussions regarindg
After Rugby Afrique suspended Nigeria from the league early in 2017, new Rugby Federation Elections mandated a change in management. This has led to a far stronger 2017, and excellent positioning for 2018.
The Cabinda Province Agricultural Value Chains Development Project in Angola just received a US $101.07 million loan to support all activities in the effort.
The High Level Panel on Migration (HLPM), launched in June 2017, held their first meeting in Monrovia, Liberia, on January 15. The goal was to identify and articulate key issues about African migration, plus the challenges and priorities forming the basis of future work by the group.
Thanks to technical and financial support from the International Atomic Energy Agency (IAEA), based in Vienna, Austria, Uganda just inaugurated a new radiotherapy machine.
A new high speed fiber optic interconnection between the Central African Republic, Cameroon and Congo is getting closer to construction.
One of the top five largest auto manufacturers in China and a major provider of vehicles for the African market, Guangzhou Automobile Company (GAC Motor), just landed exclusive marketing rights for the flagship FORBES AFRICA television show, My Worst Day with Peace Hyde.
On January 16, 2018, the African Development Bank Group (AfDB) announced it has reached a settlement agreement regarding fraud in bidding and doing work against a contract for AfDB by GH Management Consultants and its managing partner, Mr. George Hanin.
Power Africa, a major initiative from the U.S. Agency for International Development (USAID) aimed at doubling electricity access in sub-Saharan Africa, just announced its new Guide to Community Engagement for Power Projects in Kenya.
The management for a 165MW (DC) solar project in Egypt has selected China-based Astroenergy/CHINT Solar for a contract to provide engineering, procurement, construction, and design work (EPC) for the entire project.
The Gamiba just signed off on a Framework Agreement to receive US $210 million from the International Islamic Trade Finance Corporation (ITFC), a member of the Saudi Arabia-based Islamic Development Bank (IsDB) Group, for financing over a three year period.
The Central Bank of Egypt has awarded a €260 million contract to German global security technology group Giesecke+Devrient (G+D) for the planning and building of an integrated plant for the printing and processing of bank notes.
Geodrill, a West African drilling company, has secured its second significant long-term drilling contract with Colorado-based Newmont Mining Corporation, one of the world’s largest gold producers.
French energy developer ENGIE, via its African subsidiary (www.ENGIE-Africa.com), has agreed to acquire Afric Power and Tieri (www.Tieri.com), two companies specilizing in energy services in West Africa.
President Muhammadu Behari of Nigeria will be formally commissioning the African Development Bank's new office complex in Abuja on January 18, 2018.
The controlling sharedholders of Tunisia-based Carthage Cement S.A. (CathageCement.com.tn), the Tunisian State and Bina Corporp, have decided to sell a 50.52% majority stake in the company to a strategic and/or a financial investor who can insure its management and long-term development.
Last October, Uganda embarked on a program designed to reduce financial exclusion from its current 15% down to 5% in just 5 years -- by 2022. The plan is known as the National Financial Inclusion Strategy, is supposed to ensure that all Ugandans have access to and use a broad range of quality and affordable financial services.
Ringier Africa Digital Publishing (RADP), part of Ringier of Switzerland and a major publisher of media and classifieds in Sub-Saharan Africa, just entered into a digital content license agreement with The New York Times News Service and Syndicate, the licensing and syndicate division of The New York Times.
According to Baker McKenzie's latest Global Transaction Forecast, there will be a major rebound in the Transport, Manufacturing and Industrials (IMT) Sector worldwide in 2018. In Africa, M&A activity will be worth US $2.9 billion in Africa and the Middle East in 2018.
According to Sino-Hydro Zambia Limited, a subsidiary of China’s Sinohydro, construction on the four-lane divided highway (two sections of two lanes each) is currently about 79% complete.
Starting soon after the beginning of this new year, Egypt has arrested a total of 75 people connected with a wide range of corruption charges.