Author: Giza Mdoe

China begins construction of world’s largest hydropower dam. Premier Li Qiang attends construction launch new dam. Mega project expected to cost $170 billion.  China has started construction of what will be the world’s largest hydropower dam on the Yarlung Zangbo River in Tibet, in the foothills of the Himalayas. China’s ambitious Premier Li Qiang announced this week that construction of the $170 billion mega project has begun. The dam will be located in the lower reaches of River Yarlung Zangbo, on the eastern rim of the Tibetan Plateau. It is designed to have at least five cascade hydropower stations with the…

Africa’s automobile industry is growing at 7 per cent annually.  Morocco overtakes South Africa as Africa largest automobile manufacturer.  Volkswagen leads foreign investment in Africa automobile manufacturing investment. The Africa automobile industry is growing rapidly driven by rising middle class income and demand for public transport (buses) also driven by growing working class population in urban centers. According to a presentation at the World Economic Forum earlier this year, African researchers Signe and Muniyati, Africa’s automotive industry was valued at $30.44 billion in 2021 and is expected to reach $42.06 billion by 2027. According to the research, the Africa automobile…

South Africa has made progress in addressing most of the technical compliance deficiencies that were previously identified on illicit flows. It now has a change to exit the FAFT list by October. The country was flagged in February 2023 for deficiencies in combating money laundering, terrorist financing, and proliferation funding. South Africa stands on the cusp of a financial breakthrough, poised to exit the Financial Action Task Force’s (FATF) grey list—a designation for countries under increased scrutiny for lax oversight of financial flows—after being flagged in February 2023 for deficiencies in combating money laundering, terrorist financing, and proliferation funding. Far…

Tanzania’s administration capital, Dodoma, unveils plan to expand areas permitted to run business round-the-clock as the city turns into investment magnate. To strategically empower the city, the World Bank has injected $200 million into Dodoma. Tanzania is now urging investors to sieze government is incentives and grow their enterprises in Dodoma. Dodoma, Tanzania’s capital, is boldly positioning itself as a rising commercial powerhouse, challenging the long-standing dominance of Dar es Salaam as the nation’s economic heartbeat. With directives from the recent Dodoma Regional Business Council meeting to establish 24-hour business zones and enhance infrastructure such as street lighting in Mbande…

Abrar Infra LLC brings cutting edge tech to Dubai’s evolving construction industry. Trends indicate growing demand for technologies such as Building Information Modeling (BIM). US Trade Administration projects high-end homes in Dubai expected to jump by 6% to 7.9%. The construction sector is one of the main anchors of Dubai’s bustling economy, which is experiencing significant growth and attracting both local and international investors. Attesting to this fact, the US Trade Administration assures US investors that; “there are many opportunities for U.S. exporters in the design and construction sectors in the United Arab Emirates (UAE).” “The significant commitment and resources…

EEP Towers or Ethiopian Electric Power (EEP) Towers will be the headquarters of the utility and possibly East Africa’s tallest building.  Construction of EEP Towers estimated to cost $445 million. Currently, at 1,292 feet, Iconic Tower in Egypt is the tallest structure in Africa. Ethiopia is constructing what will become the tallest structure across East Africa and possibly the entire Sub-Sahara. The project will serve as the Ethiopian Electric Power (EEP) headquarters and will bare the same name, reports Gabriel Cruz for Rude Baguette, a leading media house in the UAE. “Plans to construct the tallest tower in sub-Saharan Africa have…

EACOP project, which aims at transporting crude from Uganda to Tanzania’s coast, is now over 65 percent complete. Tanzania projects increased revenue once the $5 billion EACOP investment is operational. Construction of the pipeline started in 2023 and is set to end in 2027. The East African Crude Oil Pipeline (EACOP), a massive 1,443-kilometer conduit stretching from Uganda’s oilfields to Tanzania’s coast, is poised to redefine the region’s energy landscape. Now reported at 64.5 per cent complete since construction began in 2023, this engineering marvel—set to be the world’s longest heated crude oil pipeline—promises to unlock Uganda’s vast oil reserves…

China’s Yuan gaining momentum over the U.S. dollar.  Member countries favoring gold over king dollar Dollar remains king, but a shift is happening. Is BRICS currency cooperation about immediate de-dollarization or long-term financial sovereignty? The question is poised by Christopher Whalen writing for China Daily. His analysis, ‘BRICS currency creates dilemma for the dollar’ dives into the nooks and cranny of how the very concept of a BRICS currency is already causing havoc for the dollar, literally speaking at least. Let’s us first define de-dollarization; “In short, de-dollarization entails a significant reduction in the use of dollars in world trade and…

Global demand for copper is on the rise. Coincidentally, Tanzania’s scrap metal industry is also growing.  India tightens copper recycling laws. Demand for recycled copper is growing rapidly as the global focus on sustainability intensifies. According to sector experts, as global sustainability laws are tightened, demand for recycled metals is increasing. “On the backdrop of tightening sustainablility laws, the metal recycling industry in Africa is emerging as a compelling investment opportunity,” says Pete Oheral, anim investment expert at InvestAfrica. “Africa’s rich mineral resources, coupled with its growing population and urbanization, create a fertile ground for a thriving metal recycling sector,” he…

Dangote looking to build biggest, and deepest port in Olokola Free Trade Zone, about 100 kilometers from Lagos. Upon completion, the new port to make Dangote Africa’s biggest LNG exporter. Dangote Group stands to surpass Qatar’s urea output. Aliko Dangote, Africa’s richest man has filed an application to build what will in effect become the biggest, deepest port in Nigeria. “Dangote wants to build a seaport in Ogun State to facilitate exports, including liquefied natural gas,” announces a media report shared this week. The move is expected to accelerate expansion of Dangote’s conglomerate. The plans for the seaport come following an impasse…