US$300 million loan agreement for Nacala Corridor project signed

The African Development Bank and other participating co-lenders have signed agreements for the financing of the Nacala Corridor project. The Nacala Corridor is an integrated and transformative infrastructure project which consists of a 912 km railway and a port meant to unlock the Western region of Mozambique and landlocked Malawi. The total project cost is estimated at $5 billion. The …

Statement by M. Shem SIMUYEMBA (AfDB) at the Harith Business Day African Infrastructure Dialogue 27th OCT, 2017

HARITH BUSINESS DAY AFRICAN INFRASTRUCTURE DIALOGUE 2017 27TH OCTOBER, 2017, CAPE TOWN, SOUTH AFRICA KEY NOTE ADDRESS PUBLIC-PRIVATE PARTNERSHIPS NEEDED TO BRIDGE AFRICA’S INFRASTRUCTURE GAP AND THE STATE OF INFRASTRUCTURE ON THE AFRICAN CONTINENT SHEM SIMUYEMBA AFRICAN DEVELOPMENT BANK H.E. Kgalema Motlanthe, Former President of South Africa; Mr. Jabu Moleketi, Chairman, Harith General Partners; Mr. Sfiso Buthelezi, Deputy Minister of …

Un don de plus de 2 millions d’euros de la BAD à la CEEAC

La Banque africaine de développement (BAD), à travers la Facilité africaine de l’eau (FAE) et le Mécanisme de financement de la préparation de projets d’infrastructures du NEPAD (IPPF-NEPAD), deux fonds spéciaux multi-donateurs qu’elle héberge et administre, a approuvé le décaissement de 2 098 593 d’euros au profit de la Communauté économique des Etats de l’Afrique centrale (CEEAC), le 11 août …

Lamu port to get Sh10bn for berths, says PS

The government will allocate a further Sh10 billion for construction of the first three berths at Lamu port in the next financial year, Transport Principal Secretary Irungu Nyakera has said. When the project started in the 2016/1017 financial year, it was also allocated Sh10 billion. Mr Nyakera said the works were progressing well slightly ahead of schedule at 12.5 per ...

NEPAD-IPPF, a critical instrument to bridge Africa’s infrastructure financing gap

Dr. Ibrahim Assane Mayaki of the Republic of Niger is the Chief Executive Officer (CEO) of the New Partnership for Africa’s Development (NEPAD) Planning and Coordinating Agency, head-quartered in Midrand, South Africa. Today, I would like to talk to you about NEPAD-IPPF (NEPAD Infrastructure Project Preparation Facility), which is an extremely important organ for African development, as it helps building ...