roups Unlock Opportunities, Create Impact   

                                                                              

Infrastructure Morning Essentials

Monday, May-25-17

Opportunities

[Nigeria] Ogun moves to attract more investors with N23bn road construction (more)

[Djibouti] Djibouti opens new port as part of $7 bln/year free-trade zone plan (more)

[Zambia] Zambia: Ngabwe Is Zambia’s Top Choice for New Capital City (more)

Africa: AfDB to Make Africa’s Food Imports History (more)

Africa: Is 80 Percent of Africa’s Population Without Electricity? (more)

[South Africa] Massive Investment in Mpumalanga Education Infrastructure (more)

[Uganda] 800,000 Tonnes of Cement Needed for Standard Gauge Railway Project (more)

Demand grows for industrial real estate in Kenya (more)

Deals and Transactions

[Mauritius, Oman] Oman SGRF picks Mauritius as Platform to Invest in Africa and Asia (more)

[Ivory Coast] Ivory Coast to build 25 MW solar power station (more)

[Egypt, Kenya] Egypt-based contractor set for Kenya entry in Dec (more)

[Tanzania] Tractors Roll Out of Kibaha Assembling Plant (more)

[Angola] Angola linked to Brazil by submarine cable in 2018 (more)

 

Impact

Op-Ed: The pros and cons of commercial farming models in Africa (more)

[South Africa] African hydropower plant receives international recognition (more)

[World Bank, Report] Enabling the Business of Agriculture 2017 (more)

AfDB combines energy, agriculture explosion to kick off industrialization (more)

Funds

Africa Private equity activity grows (more)

Kuramo Capital and Nile Capital launch Africa-focused investment firm (more)

Macroeconomics

[Tunisia] Tunisia’s central bank raises rate by another 25 bps to 5%, to curb inflation (more)

[Namibia] Namibia’s unemployment rate increases to 34 percent in 2016 (more)

Africa remains world’s second-fastest growing region – AfDB (more)

 

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Infrastructure Morning Essentials

Monday, May-24-17

Opportunities

[Tanzania] Search for Second Bus Rapid Transit Operator Launched Afresh (more)

[Namibia] Alten Energías Renovables Wins, in Namibia, One of the Biggest Solar PV Plant in Sub-Saharan Africa (more)

[Kenya] State rolls out Mombasa commuter railway plan (more)

[Kenya] Kenya needs 1000 serviced apartments every year (more)

[Kenya] Roads agency seeks contractors as Dongo Kundu takes shape (more)

[Rwanda] Horticulture exports set to soar as airlines cut freight charges (more)

[Uganda] Museveni Asks Rockefeller Foundation to Support Agriculture (more)

Horn of Africa: Ports in Puntland & Somaliland to compete (more)

[Kenya] Looming plastics ban offers chance to revive sisal sector, investors say (more)

[Tanzania] State Eyes Green Economy Based On Sustainable Fishing (more)

[Kenya] It’s Time We Made Some Cash From Our Love for Meetings (more)

[South Africa] Human settlement projects prioritised (more)

[Mauritius] French Development Agency to assist Mauritius to promote green infrastructure projects (more)

Deals and Transactions

[Tanzania] Luxurious Tourist Resort Set to Boost Business in Zanzibar (more)

[Kenya] Hilton kicks off second Nairobi high-end hotel (more)

[Uganda] Uganda hails China’s Sh860 billion loan for E.Africa railway (more)

[Kenya] Sh20Bn for Africa’s tallest building in Upperhill, Nairobi (more)

[Kenya] Kenya’s first five-star airport hotel – the Lazizi Premier – has officially been launched at the Jomo Kenyatta International Airport (JKIA)  (more)

[Ethiopia] Addis Ababa’s new light rail system to start running soon (more)

[South Africa] Vodacom strikes $2.6B deal for Safaricom stake (more)

[Ghana] Danone continues Africa push with Ghana investment (more)

[Guinea] Bioko Oil Terminal regains momentum after agreement with Arabian Energy (more)

[Nigeria] Will Dangote Refinery End Nigeria’s Continuous Oil Woes? (more)

 

[Sierra Leone] Sierra Leone Mobilizes Funds for Solar PV Plant (more)

[Abu Dhabi] Abu Dhabi closes $872 mln solar plant financing (more)

[Ghana] Ghana’s academia turns to rental solar power (more)

Impact

[Ghana] Investors proposes interests in “One-District, One-Factory” policy (more)

[Nigeria] 2.2m Nigerians currently enjoy solar products – Fashola (more)

[Liberia] Q&A: Orange exec Bruno Mettling on the operator’s expansion into Liberia (more)

Four Africa-based property and construction companies to look out for (more)

[South Africa, Nigeria] South Africa & Nigeria lead in infrastructure construction in 2016 (more)

[Report] Africa’s changing infrastructure landscape Africa Construction Trends Report (more)

SA’s renewable energy auction system ‘the best in Africa’ (more)

[Morocco, Egypt] Morocco’s Attijariwafa paid twice book value for Barclays Egypt acquisition (more)

[Uganda] Uganda Gets Shs652 Billion for Rural Agriculture Financing (more)

[Tanzania] EU Gives Tanzania U.S.$200 Million to Develop Energy Sector (more)

East Africa attracts $3.4b in project funding as it exploits oil, gas (more)

[Uganda] World Bank offers Uganda Shs870b loan (more)

 

 

Funds

Real Estate Investment In Sub-Saharan Africa – The Role Of The Capital Market (more)

Sweden’s Rezidor Group AB targets 60 pct investment in Africa hotels by 2020 (more)

[South Africa] Caleo Capital and Secha Capital form 12J investment vehicle (South Africa) (more)

Morgan Stanley Snags $125M For Impact Investing Fund (more)

[Report] Global Limited Partners Survey Investors’ Views of Private Equity in Emerging Markets (more)

EIB ponders support for renewable energy funds in Africa, EU (more)

[Report] Annual Impact Investor Survey 2017 (more)

Naspers investors see billions trapped by China success (more)

Macroeconomics

[Zimbabwe] AfDB Projects Zim GDP At 1,3pc (more)

[Nigeria] Nigeria central bank keeps benchmark interest rate at 14% (more)

 

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Infrastructure Morning Essentials

Monday, May-23-17

Opportunities

[Nigeria] Lagos Govt. to construct 8 new ferry jetties (more)

[Ivory Coast, Somalia, Ghana, Djibouti] ISA pact signed by 3 more nations, India sets aside $2 bn for solar projects in Africa (more)

[Ethiopia] Ethiopia tipped to be top recipient of private equity (more)

[Nigeria] Invest More In Agriculture, ECOWAS Urges FG (more)

[Equatorial Guinea] Bioko Oil Terminal Project Attracts New Interest; Aims to Transform African Oil Industry (more)

[Burkina Faso, Eritrea] Solar-diesel and Wind-diesel Microgrids for Off-grid Mines Gain Momentum – New Projects Expected (more)

Indian govt to fund solar projects in Africa with $2bn (more)

Small-scale renewables cheapest for rural Africa, says Dutch report (more)

 

Deals and Transactions

[Kenya] Shell gets the nod to sell remaining stake in Vivo (more)

[Angola] Cochan Group’s Biocom set to produce 73,000 tons of sugar and 200 MW of electricity (more)

[Kenya] Tana River County plans to use ‘mathenge’ plant to generate electricity (more)

[Kenya] Britam launches building Sh3.3bn apartment units (more)

[Ghana] Regional Maritime University chooses REDAVIA Solar to power campus and establish Renewable Energy Institute (more)

[South Africa] Desalination plant to enhance water security in Richards Bay (more)

[Ethiopia] Authority Completes Six Road Projects (more)

Impact

[Ethiopia] Regional powerhouse (more)

Local sourcing: A multi-billion dollar opportunity for companies in Africa (more)

Middle class in Africa is a nebulous concept (more)

[Kenya] Kenya shows renewables scope to plug Africa’s power supply gaps (more)

North Africa’s construction market gains huge impetus with investment worth US$473bn (more)

Regulatory

[Nigeria] Lagos terminates N844bn 4th Mainland Bridge contract (more)

[Namibia] Namibia to sanction net metering (more)

[Kenya] State subsidises 70pc of power bills on low usage (more)

Funds

The African Rivers Fund (ARF) makes first investment in Uganda (more)

KfW doubles green bond portfolio (more)

Africa-focused Adenia Partners pick up €230m for Fund IV hard cap close (more)

Macroeconomics

[Ghana] Ghana’s central bank cuts interest rate by 100 bp to 22.5%, inflation seen easing (more)

[South Sudan] South Sudan’s Kiir declares unilateral ceasefire, prisoner release (more)

[Nigeria] Nigeria’s recession extends to Q1 2017 (more)

[Kenya] Kenya Said to Consider Eurobond Sale to Repay Existing Debt (more)

[DRC] Conflict forces more people to flee homes in Congo than in Syria (more)

 

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Infrastructure Morning Essentials

Monday, May-20-17

Opportunities

[Kenya] IFC facilitates $10m fertilizer plant investment (more)

Swedish International Development Cooperation Agency (Sida) grants 13.695 million USD to three UNESCO scientific programs (more)

Deals and Transactions

[Nigeria] Total expands solar solution (more)

[Kenya] Solar energy firm Xago Africa raises funding from USTDA to build a utility-scale solar power plant in Siaya County (more)

[Nigeria]  Nigeria to start assembling locomotive trains soon (more)

Neptune Energy Group to acquire ENGIE E&P International (more)

Teranga Capital makes first investment in Senegal (more)

[South Africa] South Africa open to Iranian investment if new refinery goes ahead (more)

[Turkey, Saudia Arabia] Turkey’s TAV seeks $250 mln bank loan for Saudi airports (more)

Funds

New Investment Fund for African Entrepreneurs in Healthcare (more)

 

Macroeconomics

[Zambia] World Bank approves $600 million in loans for Zambia over 3 years (more)

 

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Infrastructure Morning Essentials

Monday, May-19-17

Opportunities

USTDA Connects U.S. Industry to Solar Project in South Africa (more)

India eyes cooperation with Africa on international solar alliance (more)

Power Africa launches new initiative at African Utility Week (more)

[Rwanda] Germany Commits Rwf75 Billion to Rwanda’s Development Plans (more)

[ Malawi, Tanzania] Malawi, Tanzania agree to develop Songwe River basin into economic hub (more)

[Mozambique] Mozambique power utility targets 200,000 new user connections (more)

China-Africa Development Fund to boost infrastructure investment and growth in selected African countries (more)

Deals and Transactions

[South Africa] Megabridge construction on N2 highway project to start later this year (more)

[Botswana] World Bank loans Botswana $145.5 million for emergency water projects (more)

[South Africa] Microsoft’s First Data Centres In Africa To Be Located In Johannesburg And Cape Town (more)

[Ethiopia] General Electric opens new offices in Ethiopia (more)

[South Africa] Upgrading the Wellington WWTW (more)

[Nigeria] General Electric to assemble gas turbines in Nigeria next year (more)

[Kenya] Volvo to start assembling trucks in Kenya, open 20 workshops in EA (more)

[South Africa] GM pulls out of SA, sells plant to Isuzu (more)

Impact

[Report] BRICS IN AFRICA: MORE OF THE SAME? A comparative study of investment treaties between the BRICS and African countries (more)

EPSA: 7th loan from AfDB and Japan to support the private sector in Africa (more)

[Uganda] Discontent Over Chinese Contractors’ Domination Rocks Uganda’s Roads Sector (more)

How Digital Technology Is Changing Farming in Africa (more)

Mapping Africa’s energy infrastructure: open data lights the way (more)

Funds

SPEF

 

Macroeconomics

[Ethiopia] Ethiopia reports huge revenue in power supply over last 10 months (more)

[South Africa] IMF Lifts South Africa Growth Forecast on Farming, Mining (more)

[Algeria] Algeria industries record mixed performance (more)

 

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Infrastructure Morning Essentials

Monday, May-18-17

Opportunities

[Nigeria] Oyo Govt. to raise N50bn endowment fund to revamp hospitals (more)

[South Africa] Higher education dept to invest R6.9bn in infrastructure in 2017/18 (more)

[South Africa] North West to expand housing infrastructure for military veterans (more)

[Malawi, Zambia, Zimbabwe and Sierra Leone] Africa Enterprise Challenge Fund launches household solar competition (more)

Sustainable Energy Fund For Africa call for application (more)

West Africa Clean Energy Corridor launched at AUW (more)

[Saudia Arabia] Saudi Arabia considers electric-power trade with Africa by 2020 (more)

[NIgeria] Geogrid woos manufacturers for its 30MW hybrid power plant (more)

Deals and Transactions

[Nigeria] DLA Piper widens Africa legal network with Nigerian alliance (more)

[Uganda] Taxpayers to Pay More for Entebbe Expressway (more)

Orrick London Team Advises Synergy PE Fund in its Acquisition of Dimension Data in Nigeria & Ghana (more)

I&P-backed funds invest in OuiCarry and AgroServe (more)

[Kenya] Volvo to set up Sh2.5Bn truck assembly plant in Mombasa (more)

[South Africa] S.Africa’s Tsogo Sun swaps hotels for higher Hospitality Property Fund stake (more)

Impact

The Growing Trend of SME Lending in Africa (more)

[AfDB] AfDB starts Sh52bn Africa energy fund (more)

[Nigeria] Islamic Development Bank mulls Nigeria as its regional operational hub (more)

[Guinea] Afreximbank pledges financial support to Guinea’s development plan and power agenda (more)

Investing in Africa’s Infrastructure is Vital (more)

Breakthrough tech gives power to Africa (more)

Africa Credit Markets Brief (more)

[Nigeria] Finding opportunities where others fear to tread (more)

World Bank cautions African utilities against mounting debt (more)

Entrepreneur Links Small-Scale African Farmers With Venture Capitalists (more)

Funds

SPEF makes third investment in West African ICT (more)

Vostok New Ventures backs South African online car buying service (more)

Àrgentil Capital targets $12.5mln for the second fund (more)

Quona Capital invests in AllLife (more)

[Interview] Moringa fund: Impact is ‘more an obligation than an option’ (more)

 

Macroeconomics

[Ethiopia] World Bank to Provide 4.9 Billion USD for Ethiopia (more)

[Uganda] IMF Lowers Uganda’s Growth Forecast to 3.5 Per Cent (more)

 

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Infrastructure Morning Essentials

Monday, May-17-17

Opportunities

[Nigeria] Osinbajo announces new strategy to derisk Nigeria’s cash-crunched power sector (more)

[Nigeria] Meter financing as an investment opportunity in the Nigerian power sector (more)

[Nigeria] FG will bridge infrastructure deficit through PPP, says Adeosun (more)

Why there has never been a better time to invest in Africa (more)

[Kenya] Mombasa eyes transshipment business after port upgrade (more)

[Kenya] Warehousing demand up as importers resort to leasing (more)

[Nigeria] China promises to spend $6.7bn to develop Nigeria’s agriculture (more)

[Ethiopia] Ethiopia: Tapping Hydro-Power Potential for Green Development (more)

[Senegal] Eurobonds: Senegal raises about 660 billion to finance infrastructure (more)

[Kenya] Tullow strikes more oil in Turkana (more)

[South Africa] Kubayi expresses support for 3 700 MW gas-to-power vision amid IPP uncertainty (more)

[Nigeria, Morocco] Nigeria and Morocco sign new agreement on gas pipeline project (more)

Deals and Transactions

[Nigeria]  Dredging of River Niger to cost N100m (more)

[Kenya] Google to open Nairobi office for Africa venture (more)

d.light has partnered with Kenyan microfinancier, Musoni (more)

ICD signs MoU with CADFund to boost infrastructure investment and growth in selected African countries (more)

Google’s Nairobi Based Carrier-Neutral Fiber Project Csquared Closes USD 100m Investment (more)

Impact

[Report] Infrastructure Financing in Sub-Saharan Africa: Best Practices from ten years in the field (more)

This simple energy solution for less than $2 a day (more)

[Report] Increasing the Potential of Concessions to Expand Rural Electrification in Sub-Saharan Africa (more)

[South Africa] South Africa: Dube TradePort strengthens regional supply chain (more)

It all comes down to addressing infrastructure at #AUW2017 (more)

Certainty needed to drive energy projects in Africa (more)

Funds

Frontier Energy II announces first close with $116m commitments (more)

Calvert to invest $50m across different sectors in Africa (more)

Macroeconomics

[Uganda] IMFCertaintya growth forecast, blames drought (more)

[Somalia] Somalia Gets $1.3 Billion for Economy, Security (more)

 

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Infrastructure Morning Essentials

Monday, May-16-17

Opportunities

International Solar Alliance plans major irrigation initiative (more)

[Kenya] Govt receives Sh6.8b for rehabilitation of 24 river basins in central Kenya (more)

[Seychelles] The Sun Will Make Ice – Fishing Community in Seychelles Upgrading to Solar (more)

[Kenya] Kenya secured Sh21.9 billion financial assistance from China for infrastructure development and drought mitigation
(more)

[Rwanda] Export Growth Fund (EGF) to ease access to finance for exporters (more)

[Kenya] Uhuru seeks Sh370bn China loan for SGR link to Kisumu (more)

[South Africa] Billions in debt threaten SA’s bulk water infrastructure (more)

European Investors in Gambia to Explore Business Opportunities (more)

Deals and Transactions

[Kenya]  Kenya To Build East & Central Africa’s Largest Solar-Power Plant In Garissa (more)

[South Africa] Turning seawater into drinkable water. A new South African desalination plant is officially up and running (more)

AFC infrastructure summit presents $12bn projects (more)

Africa Logistics Properties gets backing from DOB Equity (more)

Investment of $3m from the €84m Moringa fund will help Asante Capital’s efforts to develop plywood, essential oils and food products industries in the east African nation.

Rothschild impact fund backs Kenyan forestry company (more)

[Kenya] Amu Power signs Sh206bn coal plant deal with China Power Global (more)

[Kenya] Britain’s Equinox to invest $250 million in Kenya biogas power project (more)

[Kenya] Actis seeks nod for Sh2.7bn Thika Road business hub (more)

The International Islamic Trade Finance Corporation signs $450 million export financing agreement with Burkina Faso (more)

{Nigeria, Benin] Nigeria-Benin Rail Line Underway as Experts Discuss West African Infrastructure Projects (more)

[South Africa] Moloto corridor to connect three provinces, boost local economies (more)

SEACOM accelerates infrastructure investment (more)

[Zimbabwe] Standard bank provides $120m financing to ZPC (more)

[Djibouti] The Djibouti Data Center and Hurricane Electric expand internet connectivity in Africa (more)

Impact

 

Trends in selected infrastructure indicators, Africa average

[Kenya] More incentives needed to spur green energy sector (more)

African fixed income investments coming into their own (more)

[Report] Green Technology Choices (more)

AFC: Why investing in African infrastructure pays (more)

[Uganda] African Development Bank to Steer Restructuring of Bujagali Loan (more)

Sub-Saharan Africa Needs Better Laws to Fix $100 Billion Gap (more)

 

Funds

XSML Capital announces final close of African Rivers Fund at US$50mn (more)

Norway’s $2 Billion Development Fund Bets Big on African Finance (more)

Macroeconomics

[South Africa] Sharp fall in the Absa PMI for April (more)

Fragile States Index 2017 (more)

[Ivory Coast] Ivory Coast soldiers accept deal to end mutiny (more)

[Rwanda] IMF projects economy to grow by 6.2% in 2017 (more)

 

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Infrastructure Morning Essentials

Monday, May-15-17

Opportunities

[Kenya] Govt receives Sh6.8b for rehabilitation of 24 river basins in central Kenya (more)

[Kenya] Spare power capacity falls to 7-year low (more)

[AfDB] Infrastructure tops agenda as AfDB, India work towards a ‘more robust Africa’ (more)

[Zimbabwe] U.S.$9 Billion Investment Funds for Projects (more)

[South Africa] Moloto corridor to connect three provinces, boost local economies (more)

[Morocco] More inclusive growth and youth employment within reach for Morocco (more)

[Nigeria] Nigeria Seeks Foreign Investors for Smart Cities Project (more)

[Nigeria] Adiyan Water Works phase 2 requires N60bn to complete  (more)

[Ethiopia] Officially Joins Asian Infrastructure Investment Bank (more)

[Kenya] Kenya eyes infrastructure fund from China’s Sh15 trillion Silk Road initiative (more)

[Ethiopia] Ethiopia Opens PPP Agro-Supply Centre in Bako for Smallholder Farmers (more)

[Ethiopia] Ethiopia: President Reaffirms Govt Support to Real Estate Developers (more)

[Ethiopia] Ethiopia: A Growing Demand for Mushroom (more)

Deals and Transactions

[ Nigeria]  Bank of Industry Unveils Plans to Raise N1 Trillion for Industrial Development (more)

South Africa’s Vodacom agrees Sh269b Safaricom deal to tap Kenyan market (more)

[Kenya] BBC invests Sh1bn in multimedia studios in Nairobi, creates 250 jobs (more)

[Kenya] Huawei Signs Agreement With Kenya To Supply Security Equipment (more)

[South Africa] The 15 megawatt (MW) Sunshine Coast Solar Farm in Valdora powered by Trina Solar panels is on track to be fully operational by mid-2017. (more)

[Rwanda] UAE Firm to Invest U.S.$50 Million in Kigali ‘Smart City’ Initiative (more)

[Kenya] IFC Facilitates $10m Fertilizer Plant Investment in Kenya (more)

Impact

 

Water Management is Key to Sustainable Development and Stability in the Middle East and North Africa (more)

[Kenya] Kenya Set to Gain From China’s Infrastructure Projects (more)

Megatrends impacting development in Africa (more)

Africa: Customs Organisation Pushes for More Intra-African Trade (more)

Measuring Impact Through Sustainable Development Goals (more)

Funds

New Sparta Asset Management establishes Africa infrastructure branch (more)

Who’s Moving To Invest In Africa’s Tech Ecosystem? (more)

Impact Fund Managers from Africa and South America Join Capria Network (more)

Macroeconomics

[Rwanda] Fitch Confirms Rwanda’s Economic Outlook As Stable (more)

[Ivory Coast] Heavy gunfire erupts in Ivory Coast’s two main cities (more)

[Kenya] Kenya’s yuan debt doubles on Sh20.7bn Chinese loan (more)

 

 

 

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Infrastructure Morning Essentials

Monday, May-14-17

Opportunities

[Tanzania] Partnership Set to Promote Horticulture Industry (more)

[South Africa] Investment needed to meet cheap housing demand in Gauteng province (more)

Deals and Transactions

[South Africa] South Africa: Water and Sanitation Launches Richards Bay Desalination Plan (more)

Invest Africa and Global Investment Bank announce strategic partnership (more)

Dun & Bradstrest, Invest In Africa sign MOU to support SMEs (more)

Impact

 

[Kenya]  Despite Booming Green Market, Financing Remains a Challenge for Kenyan Entrepreneurs (more)

[Kenya] Activists demonstrate against Centum’s coal project (more)

Africa Commits to Leverage ICT to Accelerate Development (more)

 

 

Macroeconomics

[Togo]  Togo to Receive 241.5million USD from IMF under ECF (more)

[South Sudan] South Sudan’s opposition groups agree to work together against government (more)