Learn more about construction projects in Africa and the Middle East
DBSA announced the first debt drawdown for Redstone CSP
The Development Bank of Southern Africa has announced that the Redstone Concentrated Solar Power Project has completed its first debt drawdown.
Eskom plans to add 4 GW of renewable power to the national grid
Eskom has launched a request for a proposal to lease land to add an estimated 4,000 MW of new renewable generation capacity to the national grid.
“Desert to Power” project receives a $5.5 million grant to fund phase 2
Half of the 340 million people living in the Sahel region do not have access to electricity. The African Development Bank’s “Desert to Power” initiative aims to provide electricity to 250 million people.
The IFC has invested $15 million in Egypt’s Algebra Ventures’ Fund II
Algebra Ventures is Egypt's leading technology venture capital firm. According to its website, it has invested over $300 million in its portfolio companies
Zanzibar’s $665.5 million water sector investment programme launched
Zanzibar is a semi-autonomous island region of Tanzania. The government of Zanzibar has officially launched a multi-million investment programme to ensure sustainable water supply for its 1.6 million population
A $25 Million Nationwide Renewable Cooking Fuel Utility in Rwanda
The Rwanda Development Board reported that the Rwandan government signed an agreement with KOKO Networks to develop a $25 million nationwide renewable cooking fuel utility
Egypt leads Africa in the number and value of construction projects.
However, Egypt is already the most prominent construction market in Africa. The country is investing billions in housing and infrastructure developments. The value of ongoing and upcoming projects in Egypt exceeds $214 billion
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Chinese funding dominated Africa’s project market in 2021
Despite disruptions of the COVID-19 pandemic, Africa started construction on more than $160 billion worth of projects in 2021. The Export-Import Bank of China is funding projects worth more than $15 billion that started construction work in 2021.
Malawi’s infrastructure expansion projects promise PPP opportunities
Malawi has more than $12 billion of active projects. With the onset of the COVID-19 pandemic, PPP as a means to procure much-needed infrastructure has received a lot of impetus in Malawi.
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