Infrastructure Finance News

Zimbabwe: Sinosteel to pump $1 bln in electricity and ferrochrome production


 | Source: Ecofin Agency

China’s Sinosteel Corporation agreed to invest $1 billion in Zimbabwe to boost ferrochrome output and build a power plant, Zimbabwean president Emmerson Mnangagwa (photo) disclosed yesterday May 14.

AfDB to raise $170 million to address infrastructure deficit in Africa


 | Source: Ecofin Agency

African Development Bank (AfDB) plans to mobilize $170 million to fill infrastructure deficit in Africa.

Senegal: BOAD to grant $56 million for road development


 | Source: Ecofin Agency

Senegal will receive $56 million from West African Development Bank (BOAD) for the development of nearly 400 km of roads, Agence de Presse Sénégalaise revealed last March 30.

BDEAC finances projects in Cemac zone


 | Source: Financial Afrik

The Development Bank of Central African States (BDEAC) approved, 24 January 2018, during its regular board of directors in Brazzaville, the disbursement of 33 billion FCFA for projects under the strategic program 2017 -2022.

Egypt: EFG Hermes considers to invest up to $500 million in renewable energy by 2020


 | Source: Ecofin Agency

Egyptian investment bank EFG Hermes looks to invest in renewable energy projects totaling 400-500 MW in the 3 upcoming years, in the country.

Burkina Faso: BNP Paribas subsidiary to invest CFA9.2 billion in Essakane solar power plant project


 | Source: Ecofin Agency; All Africa

In Burkina Faso, the 15MWc solar plant which is to power the Essakane gold mine, will be financed by the BICIAB, local subsidiary of the BNP Paribas group.

Burkina Faso: Africa50 interested in financing Ouaga-East thermal power plant


 | Source: Ecofin Agency

Pan-African infrastructure-focused investment fund, Africa50, plans to finance the Ouaga-East thermal power plant, in Burkina Faso. With a capacity of 100MW, the plant will be built near the Ouaga II University.

Namibia: Development Bank Raises N$291 Million Through Bond


 | Source: Namibia Economist; All Africa

The Development Bank of Namibia (DBN) issued the first notes under its N$2.5 billion Medium-Term Note Programme last week and raised N$291 million.

Africa: Brics Bank to Unlock Africa's Economic Potential


 | Source: Southern African News Features; All Africa

The launch of a regional development bank by the BRICS countries to service the African continent is a positive development that is expected to unlock the continent's socio-economic potential.

Zimbabwe: Insurance Firms Invest $800m in Prescribed Assets


 | Source: Financial Gazette; All Africa

The insurance and pensions industry has invested nearly $1 billion in prescribed assets in the last six years, as they sought to comply with the country's legislation on portfolio investments.

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