Infrastructure
African infrastructure news: ports, railways, roads, airports, power plants, telecoms networks, and major construction projects across the continent.
Zungu and ex-Glencore trader take Ambatovy
Sumitomo is paying $418 million to exit Madagascar's Ambatovy nickel mine after $2.6 billion in cumulative losses over twenty years,…
Dangote bets $1bn on Zimbabwe’s industrial recovery
Dangote Group announced a minimum $1 billion investment in Zimbabwe covering a gas pipeline, power generation plant and cement facility,…
Somalia prepares first offshore oil drill in historic first
Somalia is preparing to launch its first offshore oil drilling operations, tapping into Indian Ocean reserves estimated to hold billions…
Shiprazor raises $2.65m to fix Africa e-commerce logistics
Cape Town logistics startup Shiprazor raised $2.65 million in seed funding, bringing total capital to $3.3 million, to expand its…
Newsletter
Endeavour Mining posts record $880m EBITDA
Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…
Africa’s $164bn wealth funds eye mining
Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…
Abiy unveils Addis Ababa’s riverside makeover
Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…
EU’s steel tariff hits South Africa
The EU's new steel import framework took effect July 1, imposing annual quotas with a…