Mozambique to invest $200 mln to rebuild a railway link to Zimbabwe
Tuesday, 07 May 2019 15:28
Mozambique wants to invest $200 million to rebuild a railway link to Zimbabwe, Macauhub announced this week quoting official sources.
The new investment is to be made by the Caminhos de Ferro de Moçambique (CFM).
It will help rebuild Machipanda railway linking Beira port (Mozambique) to Zimbabwe, after the havoc wrecked by Cyclone Idai in March 2019. This will improve services provided and ensure the transport of goods to other countries such as Zimbabwe that has no seafront.
Let’s note that no detail has been provided as far as the funding sources are concerned. In 2018, the CFM also announced that it would invest $200 million to modernize the country’s rail network in the following three years.
Moutiou Adjibi Nourou
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
14:04
-
Angola, Rio Tinto Form Joint Venture to Develop Country’s Third Diamond Mine
13:56
-
Senegal, Alibaba to Build Cloud, Train Workforce Ahead of Dakar 2026
13:41
-
UK Museum to Return Botswana Artifacts After 150 Years in Landmark Restitution
13:41
-
Togo finance ministry expands archival training in digitization push
13:10
-
Yuno, Flutterwave strike partnership to ease payments across Africa
11:02
-
Ba2kayIce launches app for crowdsourced incident reporting and alerts in The Gambia
10:55
-
Glovo, experts push collaboration to digitise Nigerian SMEs
10:21
-
Safacam Plans Higher Dividend as Profits Rise but Earnings Stay Uneven
04:30
-
Cameroon Reviews Metals Industry to Address Supply and Energy Constraints
04:16
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding supports key SGR sections linking Dar es Salaam to inland...
Rio Tinto, Angola launch joint venture for Chiri diamond project Site could become Angola’s third producing mine, minister says Move aligns...
Senegal to train 100 engineers, thousands in cloud computing Alibaba partnership to build sovereign cloud for Youth Olympics Initiative...
First UniPod opens in Diamniadio with support from UNDP Hub brings together students, researchers, startups, and private sector Project is...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....