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Businesses are expanding across borders, new trade corridors are emerging, and regional ambition remains strong, but liquidity, payments and execution challenges continue to shape…
East Africa’s Kenya and Tanzania are among the strongest value…
In July, Kenya’s markets regulator licensed Shariah-compliant REITs, ESG-aligned advisors,…
The EU and Kenya bilateral relationship in 2022 continues to thrive with the regions currently…
The African Diaspora Network (ADN) has been instrumental in not only offering a platform for…
In the wake of the ongoing devastating drought that continues to ravage the Horn of…
Most African countries lag behind the rest of the world in the coverage of key infrastructure classes including energy, road and rail transportation, together with water infrastructure. Development of Africa’s infrastructure has been met by colossal roadblocks, which have largely stemmed from the endemic systemic corruption that continues to ail the continent, making it one of the biggest hurdles to development. Consequently, this has made attracting foreign investment a nightmare.
This further affirms the description by McKinsey and Company that the continent faces an infrastructure paradox whereby Africa’s track record in moving projects to financial close is poor. Despite the high demand for projects, sufficient supply of capital and investors, coupled with voluminous potential projects there is insufficient investment in infrastructure projects within the region.
Presently, more than two-thirds of the global population without access to electricity is in Sub-Saharan Africa, which is an equivalence of 600 million people. For instance, in Mali, the average person uses less electricity in a year overall, than a Londoner uses to just power their tea kettle. In addition, with the population bulge, forecasts reveal that Africa’s demand for electricity will quadruple between 2010 and 2040.
Zimplats Holdings is highly profitable. The Australian Stock Exchange (ASX) listed company boasts a market…
The poor roads in the DRC and the level of insecurity in the country make it difficult and costly to move these mineral resources to the Atlantic port. This makes DRCs decision to join the EAC their most viable option.
A state-owned shipping line from the Congo, the Lignes Maritimes Congolaises (LMC), has already set base in Kenya and plans to start its operation in Mombasa starting this June.
The shipping line seeks to channel more exports and imports goods through the port of Mombasa.
