The General Manager of Sierra Leone Ports Authority, Abubakarr Bangura has brought about a lot of development reforms, amist severe challenges he inherited. Core operations have been privatized, with the Port now assuming a landlord status. In this interview, he reveals the secret of the success, the relationship with the private operators and the immediate […]
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The Belt and Road (B&R) Initiative is a golden opportunity to bring about regional integration and sustainable economic growth for Africa, said Berhane Gebre-Christos, special envoy of the Ethiopian Prime Minister, on Tuesday. The special envoy made the remarks at the opening of a seminar organized on the B&R Initiative in Ethiopia’s capital Addis Ababa. […]
The privatisation of the country’s ports, railways, roads and other transport infrastructure has proved a thorny issue in South Africa over many years. Attempts to encourage private sector operation have generally produced a great deal of opposition. Transnet’s proposals, therefore, carry political connotations. Yet at a time when the parastatal is being asked to do more […]
Economic growth in sub-Saharan Africa is showing signs of recovery, the World Bank said Wednesday, but regional growth in 2017 is still projected to reach a comparatively weak 2.6 percent. Seven countries show the greatest economic resilience, with annual growth rates above 5.4 percent in the 2015-2017 period. They include Côte d’Ivoire, Ethiopia, Kenya, Mali, […]
How we made it in Africa speaks to Vuyo Ntoi, investment director at AIIM, about investing in infrastructure and why the Ghana project is a good case study of Africa investing in Africa. Here are edited excerpts. (African Infrastructure Investment Managers (AIIM) – part of Old Mutual Alternative Investments – is one of the project’s […]
The World Bank Group announced that Tanzania will access up to USD 2.4bn in concessional financing over the next three years, an increase of half a billion dollars over previous allocations. The additional resources will come from the World Bank Group’s International Development Association (IDA). The President of the World Bank Group Jim Yong Kim […]
Access Africa spoke to Mr Siyabonga Gama, Group Chief Executive Transnet, about its commitment to Africa.
The latest strand in its strategy involves upgrading the national road network. This follows a previous commitment to improve the road connections with Kenya and South Sudan. The AfDB has agreed to provide the finance in the form of grants and loans to fund the roads connecting the towns of Jimma, Sawla and Sodo in […]
“There has never been a better time for Africa to attract capital investment for good bankable projects from sovereign funds, global pension plans and other available capital in the financial system” said Akinwumi Adesina, president of the African Development Bank at the “Investing in Africa” conference hosted by The Wall Street Journal in London on […]
In 2013, China proposed the joint building of the Silk Road Economic Belt and 21st Century Maritime Silk Road, also known as the Belt and Road. The Belt and Road is a proposal for economic cooperation along key routes similar to the ancient silk road. The ancient silk road developed over time and was used […]
Gauteng’s infrastructure Infrastructure development lies at the heart of government’s programme to create sustainable jobs and reengineer the spatial layout of a post-apartheid Gauteng. This is according to Gauteng Premier David Makhura. He said the role of the infrastructure sector has been encapsulated meticulously in the National Development Plan (NDP) 2030, where strategic socio-economic infrastructure […]
Kenyan media outlets have it well covered recently that Ethiopia is about to overtake Kenya and become the leading economy in East Africa. Building on decade-long double-digit growth catalyzed by enormous government spending on infrastructure, the size of the Ethiopian economy, in terms of Gross Domestic Product (GDP) measurements, will reach 69.2bn USD according to […]