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
-
Morocco launches $864mln green polysilicon plant in Tan-Tan
07:37
-
Central African Treasury upgrades tools to develop its public securities market
07:33
-
Algeria signs ministerial deal to ease youth access to training programs
07:31
-
Africa’s data center demand set to at least triple by 2030, McKinsey says
07:16
-
CDEC warns banks as only CFA83bn of the required CFA400bn is transferred
07:08
-
develoPPP Ventures Opens Applications for €100,000 Funding Round in Kenya
16:28
-
Nigeria’s Konnadex Gets $20,000 Lisk Grant to Develop Stablecoin Payment Portal
16:24
-
M-KOPA Kenya Tops $1.6 Billion in Credit After Serving 4.8 Million Customers
16:21
-
Japanese chocolatiers show growing interest in Cameroon’s cocoa
12:17
-
Government, African Development Bank Accelerate 21-Billion-Franc Project Targeting Modern Agriculture
12:15
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...
Morocco signs deal to build its first green polysilicon production unit. The $864 million project will produce 30,000 tons a year, mostly...
Two ministries agree on shared transport services for vocational trainees. The plan supports equal opportunity and better learning conditions...
McKinsey expects African data center needs to rise 3.5 to 5.5 times by 2030. Capacity could reach up to 2.2 GW, requiring $10–20 billion in...
Algeria launches a shared call center to support telecom sector expansion. The project aims to create 10,000 jobs and strengthen digital...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...