The Public Investment Corporation (PIC) is set to take a $100 million stake in the African Finance Corporation (AFC). This investment will boost infrastructure development across the continent, which currently has an infrastructure financing gap of at least $93 billion a year.
According to a July 2022 press release, the Infinity Group and Africa Finance Corporation (AFC) will acquire Lekela Power. Lekela Power is Africa’s largest independent renewable energy producer, with a portfolio of 2.8 GW of projects across Africa.
A new $126 million investment is set to boost the renewable energy, digital infrastructure, mobility and logistics sectors in Africa.
The COMESA Secretariat & African Development Bank have launched phase 1 of the Africa Cloud Ecosystem Project. The project received a $550,000 grant from the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund, to conduct the market analysis and pre-investment study.
Export Bahrain has signed a Memorandum of Understanding with the Bahrain Development Bank (BDB). According to a July 2022 BDB press release, the MOU will provide further export services to Bahrain-based companies in the form of preferential rates when obtaining financial support.
Emirates Development Bank (EDB) is supporting the UAE’s post-COVID-19 economic recovery and acceleration efforts with a new AED 100 million facility for SMEs.
The Rwandan Community Abroad (RCA) and MTN Rwanda connect 1700 additional households to electricity.
The Development Bank of Uganda and the European Union have announced the development of a second tourism facility, estimated to be valued at $16 million.
The African Development Bank (AfDB) has approved $150 million in new financing for the Nairobi-Nakuru-Mau Summit Highway project, under the Kenyan government’s First Mover public-private partnership (PPP) programme.
ABiQ outlines the top 3 benefits of public private partnerships for development in Africa. A public-private partnership (PPP) is a contract between a public entity and a private organisation.
The World Bank has approved a $300 million grant to Mozambique. This grant is intended to help the country promote good governance, sustainable development and improve the ease of doing business in the country.
ABiQ outlines the top 3 benefits of public private partnerships for development in the UAE.
ABiQ data shows that the African continent will face significant water shortages by 2030. Africa’s population is set to increase by 25% over the next few years, growing from 1.340 billion in 2020 to 1.617 billion in 2030.
The Project Finance Conference in Botswana was held during July 2022. The Project Finance Conference was organised by the Ministry of Finance, in partnership with the World Bank.
Nafasi Water desalination projects in Namibia serve a critical need. Namibia has a population of over 2.5 million people, and is grappling with a national water crisis, as a result of severe droughts.
Zimbabwe has successfully taken delivery of a 175 MVA transformer which will significantly improve the quality and reliability of power supply in the region.
Kenya is struggling with a massive housing problem. Kenya needs to build approximately 250,000 houses per year to keep up with the growing demand. Kenya’s housing problem provides extensive opportunities for investment in construction.
ABiQ outlines Oil and Gas projects across Africa for 2022. Africa’s rich inheritance of oil and gas resources is set to catalyse massive growth across the continent. Africa alone has produced approximately 8% of the total oil produced in the world. Here are some of the major ongoing and upcoming oil and gas projects in Africa.
ABiQ provides validated data and trusted business intelligence covering Africa and the Middle East. We use our unique forecasting and project tracking tool to track construction companies and their projects in 68 countries across the Middle East and Africa.
Artificial intelligence or AI refers to systems that are designed to mimic human thought processes. Artificial intelligence (AI) is based on computer algorithms and machines. These computers or machines are designed to mimic the problem solving and decision making capabilities of a human being.
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