Actis partners India’s Shapoorji in US$120m middle-income housing plan

Actis partners India’s Shapoorji in US$120m middle-income housing plan

On

KENYA – The UK based private equity fund, Actis has partnered Indian real estate developer, Shapoorji Pallonji to develop US$120.42 million (SH12 billion) middle-income housing in Kenya. In addition to Kenya, the joint venture formed between the two companies will involve development…

African Infrastructure Investment Managers (AIIM) appoints Wanjiku Mugane as Senior Advisor in Kenya

African Infrastructure Investment Managers (AIIM) appoints Wanjiku Mugane as Senior Advisor in Kenya

On

KENYA – African Infrastructure Investment Managers (AIIM), a private equity that develops and manages funds in African infrastructure projects has appointed Wanjiku Mugane as Senior Advisor in Kenya. The Kenya-born Mugane will be based in Nairobi Kenya, working hand in hand with…

AFC invests US$197.8m in Cote d’Ivoire hydroelectric power project

AFC invests US$197.8m in Cote d’Ivoire hydroelectric power project

On

Cote d’Ivoire – The Africa Finance Corporation (AFC), an infrastructure development finance institution in Africa, announced financial close of a credit facility towards Cote d’Ivoire’s 44-MW Singrobo-Ahouaty hydroelectric power project (SAHP). AFC’s commitment to the Ivoire Hydro Energy (IHE) amounts to a…

AfDB approves US$71.5 million loan for sustainable wastewater services in Nairobi

AfDB approves US$71.5 million loan for sustainable wastewater services in Nairobi

On

KENYA– The African Development Bank’s (AfDB) Board of Directors has approved €62.914 million (US$71.5 million) to finance the provision of sustainable wastewater services through the ‘Nairobi Rivers Basin Rehabilitation and Restoration Program: Sewerage Improvement Project Phase II’. The objective of the project…