Afreximbank leads US$155 million strategic facility to Djibouti Ports and Free Zone Authority

Nairobi, 17 July 2023: – The African Export-Import Bank (Afreximbank) today in Nairobi announced the disbursement of a $120-million financing facility to Djibouti’s Great Horn Investment Holding (GHIH) for the execution of a series of development projects in the country’s Damerjog Industrial Development Free Trade Zone.The deal, announced after a meeting between Afreximbank President Prof. Benedict Oramah and Omar Guelleh, President of Djibouti, on the sidelines of the ongoing Summit of Heads of State of the African Union, is part of a total facility amount of $155 million for work…

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African Development Bank Explores Groundbreaking Coastal Highway Project to Boost Liberia’s Economic Growth

In a recent meeting between a delegation from the African Development Bank Group and senior government officials in Monrovia, discussions revolved around the Government of Liberia’s ambitious proposal for financing a major highway that will span the country’s picturesque coastline. The proposed 444-kilometre coastal highway, set to connect Bassa County to Grand Kru County, holds the promise of delivering substantial economic benefits for Liberia while fostering regional integration with neighboring nations. Following a formal financing request from the Liberian government, the African Development Bank’s delegation, led by Country Manager Mr.…

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Nigeria: African Development Bank approves $115m loan to Abia State for road rehabilitation, erosion control and solid waste management

The project will build resilience by providing the towns access to urban infrastructure services, including economic and social amenities The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of $115 million to support a major road rehabilitation project in Nigeria’s Abia State. The project will see the rehabilitation of roads, erosion control infrastructure and preparation of solid waste management facilities in the state capital, Umuahia, and the commercial hub, Aba.   Financing for the project, estimated at a total cost of $263.80 million, will…

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South Africa: Acting Premier Nono Maloyi commits to accelerate delivery of road construction projects

The Acting Premier of the North West Province, Nono Maloyi has vowed to fast track the completion of road projects in the province. This follows an oversight visit to Nelson Mandela Drive in the provincial capital, Mahikeng. The visit is aimed at ensuring that all road projects in the province meet the deadline.   In his policy statement Premier Kaobitsa Bushy Maape indicated that the province will be embarking on a rigorous road infrastructure development programme. The Nelson Mandela Drive is one of the roads identified for this purpose. Acting Premier Maloyi…

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“XËYU NDAW ÑI”: 6,561 young people trained in road safety in 2022 (director 3fpt)

(APS) – A total of 6,561 young people were trained in road safety techniques in 2022 under the “XËYU NDAW ÑI” program, the director general of the Vocational and Technical Training Financing Fund said on Monday. (3FPT), Sophie Diallo. “Six thousand five hundred sixty-one (6561) young people were trained in road safety techniques in 2022 as part of the ‘XËYU NDAW ÑI’ program out of a target of 20,000 young people,” said Ms. Diallo. She was speaking on the sidelines of a workshop to share the modalities for implementing the…

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SENEGAL-RAILS-RELANCE / Revival of the railways: rehabilitation works delivered in December, assures Mansour Faye

(APS) – The rehabilitation works of the country’s railways, 60 to 70% executed, will be delivered in December 2023, announced Thursday the Minister of Infrastructure, Land Transport and Opening up, Mansour Faye. “We are sure that eventually in December 2023, according to the contractual deadlines, the freight train will run, either at the end of December or at the beginning of January (2024)”, said Mansour Faye. He was visiting the railway rehabilitation sites, aboard one of the three locomotives received, which he took at Pout bound for Diourbel, making a…

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Ghana: African Development Bank approves $23.04 million for modern Floating Dock Facility

The Board of Directors of the African Development Bank (http://www.AfDB.org) has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock ship repair facility in Ghana’s western Takoradi port.   The loan will support the company to design, build, operate and maintain a world-class ship repair and maintenance facility in the Gulf of Guinea under a 25-year concession granted to the company by the Ghana Ports and Harbours Authority. The project, estimated to cost $137…

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Uganda Breaks Frontiers in Wildlife Transportation with Bar Aviation

Uganda’s Bar Aviation has made a ground breaking achievement in the field of wildlife transportation in coordination with BAR the leading aviation company in Uganda. BAR successfully completed a task to transport a group of eighteen Rhinos on the weekend of 3rd to 4th of June 2023 with its C-130 aircraft from South Africa to Congo. The aviation sector gained a boost of confidence as Uganda’s unwavering commitment to conservation was emphasized by this monumental event. The extraordinary journey of these majestic creatures marks a significant milestone in wildlife transportation and further…

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Emirates and Kenya Airways enter interline partnership to offer more travel options between Africa and the Middle East

Emirates and Kenya Airways (KQ) have announced an interline partnership that will allow customers of both airlines access to new destinations on the two airlines’ networks within a single itinerary. The agreement will provide customers with increased travel options as well as seamless baggage check-in to their final destination. Emirates customers will now be able to fly to 28 destinations on the Kenya Airways network using Nairobi as the gateway to destinations such as Nampula, Bangui, Bujumbara, Kigali, Dzaoudzi, Lubumbashi, Kinshasa, Kilimanjaro, Juba, Zanzibar, among many other regional points across…

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CMA CGM launches a ZEBOX hub in Abidjan to support innovation and entrepreneurship in West Africa

The CMA CGM Group, a global player in sea, land, air, and logistics solutions, officially launches ZEBOX West Africa in Abidjan, in the presence of Amadou Coulibaly, Minister for Communication and the Digital Economy and Government spokesperson, Jean-Marc Yace, Mayor of Cocody, Gwen Salley, CEO of ZEBOX, Joseph Olivier Biley, Hub Manager of ZEBOX West Africa and Xavier Collignon, Managing Director of CMA CGM Côte d’Ivoire. This is the fifth regional hub of the ZEBOX startup accelerator, following those in Europe, North America, the Caribbean, and Asia-Pacific.   8 startups…

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