Browsing: Infrastructure in Africa

Trading economics’ global macro models and experts’ forecasts indicate Equatorial Guinea’s GDP could reach $12.6 billion by the end of 2022. As such, the long-term trend for the GDP of Equatorial Guinea is anticipated to be about $13 billion by 2023.

Historically, the economy of Equatorial Guinea relied on three commodities: cocoa, coffee, and lumber. However, the discovery and exploitation of petroleum and natural gas in the 1980s radically altered the country’s economic character. As a result, more than four-fifths of Equatorial Guinea’s GDP currently derives from petroleum exports. Nevertheless, the majority of people’s level of living has not changed considerably, and farming remains the predominant source of income.

Nevertheless, the Equatoguinean domestic economy is small, with an estimated population of 1.2 million, despite the country’s membership in the Central African Monetary and Economic Union (CEMAC) sub-region, which comprises more than 50 million people. Notably, the region has a central …

• Africa received its highest proportion of private sector investment in infrastructure in 2020 
• African Development Bank has revealed that the greater private sector investment came as most governments contended with the Covid-19 pandemic and limited fiscal space 
• Private sector investment in Africa’s infrastructure rose to $19 billion in 2020, representing 23 per cent, the highest since 2016

A new finding by the African Development Bank has revealed that the continent of Africa received its highest proportion of private sector investment in infrastructure in 2020.

The bank’s Vice President for the Private Sector, Infrastructure and Industrialization, Solomon Quaynor said the finding sends an important signal to governments and investors.

Quaynor said the greater private sector investment came as most African governments contended with the Covid-19 pandemic, limited fiscal space and high debt-to-GDP ratios.

He noted that private sector investment into Africa’s infrastructure rose to $19 billion in 2020, representing 23 per …

Australian Nanotech, a subsidiary of Canadian road technology company NTI Nanotech Corp., has announced that it has signed a $1.6 billion contract to construct 3,200 kilometres of roads in D.R. Congo using their proprietary green nanotechnology.

The emerging technology has been deployed around the world in several countries for the past ten years and has proven to be cost-effective, environmentally beneficial and better quality than typical alternatives.

The Province Mai-Ndombe will be one of the first regions of Sub-Saharan Africa to use this disruptive technology. 

“We are very excited to proceed with AusNanotech. Not only have they brought to us a product that is environmentally superior, they exceed required standards and for a better price,” said Mr. Paul Mputu Boleilanga, the Province’s Governor, adding “Additionally the company has shown a tenacity to our country and a dedication to conducting business that benefits the citizens of my Province and the …