Africa’s largest wind farm, a €620 million energy masterpiece boosting 365 turbines in northern Kenya, will help the East African nation stay on track to reach its target of 100% green energy by 2020. Known as the Lake Turkana Wind Power, the 40,000 acre wind farm will generate around 310 megawatts of power to the national grid, enough to light up over 300,000 households....

La guerre économique (French for Economic war); this is the intriguing title of a book published by Afrédit in Yaoundé, Cameroon, in May 2019. Its author is Maurice Simo Djom, a geo-economics researcher. In the book, he "authoritatively" explains what an economic war is, a much-debated topic.   To illustrate his topic, the author relied on a fact he observed during his position as head...

The World Bank announced $80 million support for development projects in Guinea. The new aid was granted through two financing agreements signed Monday. The first $50 million agreement is expected to cover the education sector. Its main objective is to build capacity for the sector’s players, particularly in pre-school education, to facilitate access to education for all Guinean...

Germany’s building materials company HeidelbergCement, which owns 62.5% of Ciments du Maroc, announced it has signed a deal to acquire two cement projects from Moroccan Anouar Invest. While no further detail is given, local media indicated that the transaction will be completed before the end of the year. Anouar Invest Group’s decision reflects failure of its attempt to break into the cement...

The government of Niger is thinking of setting an Export Processing Zone (EPZ) to attract more investment in the country. This was decided on July 26 during a council of ministers. The EPZ is touted as a tool to unveil new economic opportunities both for the country and investors, as it allows for tax incentives. “The main reason we are creating this zone is to stimulate economic growth and...

Namibia’s power utility NamPower signed on July 29, 2019, a commercial contract with fiber optics Internet connectivity provider Paratus Africa. The agreement allows Paratus to use the data capabilities of the high-speed telecom network called “The Grid Online,” officially launched last March, to improve the quality of its Internet services. “Through the Grid Online, NamPower will now...

The President of India, Ram Nath Kovind (photo) started since July 28 a week-long tour of West Africa. He aims to explore opportunities to consolidate the relations his country has with the black continent. He first arrived in Benin and is going to Gambia and Guinea as well. This is a very first time an Indian President is touring West Africa but it is Kovind's fourth visit to Africa since he...

Africa Infrastructure Investment Management (AIIM), a fund manager fully controlled by JSE- and LSE-listed insurer Old Mutual, missed target for the final close of its Africa Infrastructure Fund 3, launched in 2017. AIIM only got $350 million while it was seeking $750 million. According to AIIM’s managers, the closing target was an optimum level and the money collected is already...

The African Development Bank Board on 17th July 2019 approved $6.6 million funding to finance South Sudan’s payment and settlement systems integration project. The project is consistent with the Bank’s updated country strategy paper which concentrates on state building through capacity and infrastructure development. The project is also aligned with South Sudan’s National Development...

The African Development Bank has extended a $3 million grant from the Transition Support Facility (TSF) to the Republic of The Gambia for sustainable urban development of the greater Banjul Area. The activities will include capacity building and the formulation of a master plan for urban development using digital technologies which are intended to greatly improve the operational efficiency...