AfDB’s support helps Ghana finalize signing of US$2.6bn high-speed railway construction concession agreement

AfDB’s support helps Ghana finalize signing of US$2.6bn high-speed railway construction concession agreement

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GHANA – The African Development Bank has thrown its weight behind a concession agreement for the construction of a high-speed railway in Accra, Ghana’s capital. With AfDB’s support, Ghana was able to finalize the signing of the concession agreement. The signing took…

Equatorial Guinea approves Saipem’s contract to construct strategic US$90m gas pipeline

Equatorial Guinea approves Saipem’s contract to construct strategic US$90m gas pipeline

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EQUATORIAL GUINEA — Equatorial Guinea’s Ministry of Mines and Hydrocarbons has approved the $90-100 million Alen Unit contract granted to Saipem for the construction of 70km pipeline connecting Alen gas production unit to the petrochemical complex of Punta Europa. The pipeline according…

PwC’s review on Africa’s oil & gas industry reveals tremendous growth prospects driven by new resource discoveries

PwC’s review on Africa’s oil & gas industry reveals tremendous growth prospects driven by new resource discoveries

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AFRICA – Audit firm, PwC Africa’s annual Africa oil & gas review for 2019 has revealed that Africa’s Oil and gas is poised for further growth thanks to new resource finds in various parts of the continent among other factors. Speaking during…

IFC leads other lenders in advancing US$453m loan to Nepal’s energy company for hydroelectric power plant construction

IFC leads other lenders in advancing US$453m loan to Nepal’s energy company for hydroelectric power plant construction

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NEPAL —IFC, a member of the World Bank Group, and a consortium of other lenders have finalized a $453 million debt financing package that will support the construction of a landmark hydroelectric plant in central Nepal. The plant according to an IFC…

Tulu Moye Geothermal partners with Kenya’s KenGen to give Ethiopia its first Geothermal Power plant

Tulu Moye Geothermal partners with Kenya’s KenGen to give Ethiopia its first Geothermal Power plant

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ETHIOPIA – Independent power producing company, Tulu Moye Geothermal (TMGO) has partnered with Kenya’s power generating company KenGen to build a geothermal power plant with an installed generation capacity of 150 MW. The company has been undertaking various geological studies in the…

Nigeria to reopen Enugu airport April next year as plans for national carrier gather momentum

Nigeria to reopen Enugu airport April next year as plans for national carrier gather momentum

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NIGERIA – Nigeria through its Minister of Aviation, Hadi Sirika, has said that the Akanu Ibiam International Airport, Enugu, would be completed by April 2020. The Minister also said that the national carrier would soon be a reality. According to the Punch…