Pan African Towers sign US$20.06m infrastarctural investment deal

Pan African Towers sign US$20.06m infrastarctural investment deal

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NIGERIA – The Pan African Towers (PAT) and a Canadian firm, WATT Renewable Corporation, have signed an infrastructure investment financing agreement to address the energy needs of Nigeria’s telecoms industry. Chief Operating Officer and founder, WATT Renewable Corporation, Oluwole Eweje, said the…

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

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

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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

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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…

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

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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…