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Afreximbank

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    • Left – Right: Mr. Okechukwu Ihejirika, Ag. Regional Chief Operating Officer, Afreximbank CARICOM Office, Prof. Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank, Honourable Mia Mottley, Prime Minister of Barbados and Mr. Dami
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Source: Afreximbank |

Afreximbank Supports Rehabilitation of Sporting Facility in Barbados Ahead of the 2024 Cricket World Cup

The facility will go towards renovation and refurbishing works; upgrading of the Garfield Sobers Players’ Pavilion; upgrading A/V and electrical systems as well as procurement of temporary stands

African Export-Import Bank (Afreximbank or the Bank) (www.Afreximbank.com) announced today that it has extended a USD 25 Million term loan facility to Kensington Oval Management Inc. (KOMI), a major sports facility in Bridgetown, Barbados, ahead of the 2024 Cricket World Cup which is set to take place from June 4th…

Rand Merchant Bank
Source: Rand Merchant Bank |

Rand Merchant Bank (RMB) contributes to Acre Impact Capital’s $100 million private debt fund for climate-aligned infrastructure projects across Africa

The fund has announced its first close on 17th of April in which it has successfully raised an equity of ~$100m

RMB (www.RMB.co.za) one of Africa’s leading corporate and investment banks, has invested in Acre Export Finance Fund I which targets commercial debt tranches of Export Credit Agency (ECA) transactions supporting climate-aligned infrastructure in Africa. The fund has announced its first close on 17th of April in which it has successfully…

Parliament of the Republic of Uganda
Source: Parliament of the Republic of Uganda |

Lawmakers approve Shs200 billion for better city roads

This intervention is projected to reconstruct and upgrade only 116 kilometres of the road network in Kampala while over 1,500 kilometres remain in a poor state

The citizenry should look forward to better roads in the capital city after Parliament approved an additional Shs157 billion for road infrastructure development.  Members of Parliament on Friday, 12 April 2024 gave a nod to Kampala Capital City Authority (KCCA) to reconstruct and maintain city roads in the 2024/2025 financial…

National Basketball Association (NBA)

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    • NBA Africa and Africell unveil indoor basketball court at 1˚ de Maio at Av. Deolinda Rodrigues in Luanda, Angola (Credit: NBA Africa)
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Source: National Basketball Association (NBA) |

National Basketball Association (NBA) Africa and Africell Unveil Indoor Basketball Court in Angola

NBA Academy Africa Prospect and Petro de Luanda Guard Aginaldo Neto Attends Court Unveiling and Exhibition Games

NBA Africa (www.NBA.com) and Africell, one of the fastest-growing mobile network operators in Africa, today unveiled an indoor basketball court at 1˚ de Maio at Av. Deolinda Rodrigues in Luanda, Angola as part of their multiyear collaboration to use basketball to benefit Angolan youth.  The new court, donated to and…

The World Bank Group
Source: The World Bank Group |

Ingredients for Accelerating Universal Electricity Access: Lessons from Rwanda’s Inspirational Approach

In a remarkable 15-year journey, Rwanda increased access to electricity to households from 6% in 2009 to 75% as of March 2024

In just 15 years, Rwanda has increased its electricity access to 75% from 6% in 2009. This took government ownership, leadership, and commitment, partnership with the private sector, funding from development partners, and dedicated structure and institutional strengthening. The goal of lighting up every household is not a dream, but…

The World Bank Group
Source: The World Bank Group |

Unlocking Malawi’s Trade Barriers Through One-Stop Border Posts

One-Stop Border Posts (OSBPs) reduce border waiting times and the cost of cross-border transactions

Malawi’s economy suffers from a lack of investment and high trade costs due to poor logistics and infrastructure; Clearing goods at the Malawi-Dedza border post with Mozambique previously took an average of three days; One-Stop Border Posts (OSBPs) reduce border waiting times and the cost of cross-border transactions. The Dedza border post,…

DPA Southern Africa

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    • Africa Data Centres and DPA Southern Africa (SA) breaks ground on solar farm in Free State (1)
    • Africa Data Centres and DPA Southern Africa (SA) breaks ground on solar farm in Free State (2)
    • Africa Data Centres and DPA Southern Africa (SA) breaks ground on solar farm in Free State (3)
    • Africa Data Centres and DPA Southern Africa (SA) breaks ground on solar farm in Free State (4)
    • Africa Data Centres and DPA Southern Africa (SA) breaks ground on solar farm in Free State (5)
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Source: DPA Southern Africa |

Africa Data Centres and DPA Southern Africa (SA) breaks ground on solar farm in Free State

The objective of the Free State farm is to furnish renewable energy to Africa Data Centres sites, commencing with its cutting-edge, carrier-neutral data centre in Cape Town, the CPT1 facility

Africa Data Centres and DPA SA (https://DPA-SA.co.za/) have broken ground on their solar farm in the Free State; The first phase will see power getting wheeled to its CPT1 facility; The second phase will see power being supplied to JHB1 and JHB2 once wheeling agreements with relevant municipalities conclude. Africa Data Centres,…

API Events

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    • Fiona Craw, JLL’s Vice President – Hotels & Hospitality Group, Sub-Saharan Africa
    • Daniel Trappler, Senior Director of Development at Radisson Hotel Group (1)
    • Daniel Trappler, Senior Director of Development at Radisson Hotel Group (2)
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Source: API Events |

From crisis to catalyst: Nairobi’s hospitality sector is thriving

Nairobi's infrastructure has grown significantly, sparking investment not only in the hospitality sector but broadly across all real estate asset classes

Hospitality has bounced back remarkably after the challenges posed by the COVID-19 pandemic, emerging as one of the best-performing asset classes in 2023. This resurgence is particularly notable in Nairobi. The strategic position of Kenya’s capital city serves as an East African hub for various industries, including corporate, government, MICE…

African Development Bank Group (AfDB)

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    • African Development Bank sets out two priority areas for the CSP 2024-2029 for Zambia: boosting private sector development through infrastructure investments and developing the country’s agricultural value chain
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Source: African Development Bank Group (AfDB) |

2024-2029 Development priorities for Zambia: Infrastructure and Agricultural Value Chain

The African Development Bank Group will provide assistance to the agricultural sector, concentrating primarily on the development of farm blocks and value chains, to improve the sector’s climate resilience and agricultural productivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved the Country Strategy Paper (CSP) for Zambia for 2024-2029, which sets out two priority intervention areas: Boosting the development of the private sector through investments in infrastructure and developing the country’s agricultural value chain. “The aim of…

Africa Finance Corporation (AFC)

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    • Red Sea Power, Djibouti. Photo credit: Thought Leader Global
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation’s year of impact sees major expansion of projects and investment

Underpinning robust growth in earnings and total assets, AFC successfully navigating the global geopolitical, inflationary and debt distress challenges of 2023 to implement critical infrastructure projects across multiple sectors

Africa Finance Corporation (AFC) (www.AfricaFC.org), Africa’s leading infrastructure solutions provider, has announced its most impactful year to date, with unprecedented expansion of projects and investments spanning energy, transportation, mining, food, textiles and climate resilience. Underpinning robust growth in earnings and total assets, AFC successfully navigating the global geopolitical, inflationary and…