Source: United Nations Economic Commission for Africa (ECA) |

Economic Commission for Africa (ECA) aiming to become Africa’s premier think tank, Vera Songwe tells African Ambassadors

Speaking at a retreat of African permanent representatives based in Addis Ababa, Ms. Songwe said most African countries were facing similar issues in an ever-more challenging global context

The Economic Commission for Africa (ECA) is working hard to ensure it becomes a premier think tank that Africa can rely on to address some of its social, economic and environmental challenges, Executive Secretary Vera Songwe said, Wednesday. Speaking at a retreat of African permanent representatives based in Addis Ababa,…

Republic of South Africa: The Parliament
Source: Republic of South Africa: The Parliament |

National Council of Provinces (NCOP) Ad Hoc Committee on Section 100 Intervention in North West Province conducts oversight in the North West

The purpose of the oversight visit is to assess the state of service delivery following the intervention by national government in terms of section 100 (1) (b) of the Constitution

The Ad Hoc Committee to Inquire into the Intervention in the North West Provincial Government in terms of section 100 of the Constitution, will from tomorrow conduct an oversight visits to the province. The purpose of the oversight visit is to assess the state of service delivery following the intervention…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank and partners’ innovative Room2Run securitization will be a model for global lenders

Room2Run will create space for more lending in pursuit of development agenda

Sharing the lessons learned will shorten the path for other MDB’s Room2Run, the African Development Bank (www.AfDB.org) and partners’ innovative US $1 billion synthetic securitization of a portfolio of seasoned African Development Bank private sector loans, will serve as a model for other lenders, help reduce costs, and shorten execution time, finance…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Technology and innovative finance key to reaching end users in the value chain through technology: African Development Bank at Global Infrastructure Forum 2018

Innovative finance and new technology will connect underserved populations Results: lower costs for off-grid electricity supply, benefits consumers

New technology and blended finance will help to bridge the “last mile” of the infrastructure gap by getting goods and services to end users, and connecting underserved populations to business value chains, said the African Development Bank (https://www.AfDB.org) during a session at the Global Infrastructure Forum 2018 on Saturday. This…

GROHE
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    • GROHE Laboratory Opening in Hemer Germany Photo Credits to GROHE AG
    • GROHE Thermostat Life Duration Test in Hemer Germany Photo Credits to GROHE AG
    • GROHE Salt Spray Test in Hemer Germany Photo Credits to GROHE AG
    • GROHE Acoustic Test in Hemer Germany Photo Credits to GROHE AG
    • GROHE Leaching Test in Hemer Germany Photo Credits to GROHE AG
    • GROHE Shampoo Rinse Test in Hemer Germany Photo Credits to Ramon Haindl
    • GROHE Shampoo Rinse Test in Hemer Germany Photo Credits to Ramon Haindl
    • GROHE Employees at the Research Laboratory in Hemer Germany Photo Credits to GROHE AG
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Source: GROHE |

GROHE Invests in Innovation: Celebrating the Laboratory Opening at the Hemer Site

Research laboratory brings all areas of expertise together at one site

Investment in new technologies and infrastructure; More efficient development processes to increase innovation; Research laboratory brings all areas of expertise together at one site Today GROHE (www.GROHE.com), the world’s leading provider of sanitary fittings, celebrated the official opening of the extension to its research laboratory at the Hemer site in…

DP World
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    • DP World Group Chairman and CEO Sultan Ahmed bin Sulayem at the official groundbreaking ceremony to mark the start of construction for the development of DP World Berbera in the presence of H.E. President of the Republic of Somaliland Muse Bihi Abdi
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Source: DP World |

Groundbreaking Ceremony marks start of work at DP World Berbera in Somaliland

The first phase will consist of building a 400-metre quay and 250,000 square metre yard extension as well as the development of a free zone to create a new regional trading hub

Construction work on the development of the multi-purpose Berbera port in the Republic of Somaliland has started with a special ground-breaking ceremony to mark the occasion. H.E. President of the Republic of Somaliland, Muse Bihi Abdi and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem launched the first phase…

Africa Finance Corporation (AFC)
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    • Signing Ceremony for Facility Agreement between China Export Import Bank and Africa Finance Corporation, Beijing China; L-R: Seated - Oliver Andrews, Executive Director & Chief Investment Officer Africa Finance Corporation; Mr. Zhu Canzhang, General Manager Corporate Banking CEXIM; L-R: Standing – Banji Fehintola, Senior Director & Treasurer Africa Finance Corporation; Samaila Zubairu, President & CEO Africa Finance Corporation; Mr. Xie Ping, Vice President CEXIM; Mr. Zha Ying, Deputy General Manager Treasury CEXIM; Ms. Zou, Wenjing, Deputy General Manager International Department CEXIM
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) acquires inaugural US$300 million facility from Export-Import Bank of China

The facility from CEXIM marks AFC’s inaugural financing facility from the People’s Republic of China (PRC)

Africa Finance Corporation (“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by facility for general corporate purpose.  The facility from CEXIM marks…

CAJ News Africa
Source: CAJ News Africa |

Disgraced Chinese tycoon building Angola’s new airport

Sam Pa, the 60-year-old businessman who is synonymous with controversy in the continent, is back in the spotlight in Angola

The construction of a new major airport in Angola is confirmation of a disgraced Chinese billionaire’s clutch on infrastructure projects in the economically-struggling Southern African country and his infamous influence in the continent’s political crises and human rights violations. Sam Pa, the 60-year-old businessman who is synonymous with controversy in the…

Source: Republic of South Africa: The Parliament |

Transport Committee to invite Prasa Board on strategy to deal with burning of Trains

The Chairperson of the committee Ms Dikeledi Magadzi said the fires in the Western Cape and KwaZulu-Natal Provinces concerned the committee

The Portfolio Committee on Transport has called on law enforcements to double their efforts and prioritise investigations into the burning of trains in and around Cape Town. The Chairperson of the committee Ms Dikeledi Magadzi said the fires in the Western Cape and KwaZulu-Natal Provinces concerned the committee. The committee…

Source: Oranto Petroleum Ltd |

Atlas Oranto Petroleum launches the Construction of Two Schools in Yirol and Rumbek, South Sudan

Estimated at over US$800,000, the project for the construction of the schools will be executed by local construction company Dynamic Supplies and Construction Limited

Oranto Petroleum Ltd (Oranto) (Atlas-Oranto.com) has completed the award of a contract for the construction of two primary schools to be located in Yirol and Rumbek, two communities located in central South Sudan and northwest of Juba, the country’s capital.   Estimated at over US$800,000, the project for the construction of…