Investments & Projects

With the industrialization of African countries, Chinese-built industrial parks and free trade zones have gained momentum in the socio-economic drive of the African continent.

Construction of the US$770 million Kabwelume and Kundabwika hydro power stations and a transmission power line is scheduled to start in March 2019.

Local accounting body in Africa’s copper producer, the Zambia Institute of Chartered Accountants (ZICA) on 24 Dec signed an agreement with the world’s largest construction company, China State Engineering Corporation for the erection of a USD 210 million.

The Federal Government has started wooing potential investors for its 2,100 hydro megawatts power projects to boost power generation, transmission and distribution across the country.

The government of Ghana has recently revealed that they will launch a partial tax exemption policy to eliminate taxes from some multinational companies or mining firms to attract foreign investment.

It is reported that the African Development Bank Group (AFDB) and the Moroccan Agency for Solar Energy (MASEN) have recently reached a cooperation and hope to launch the "Desert to Power" program.

Recently, according to Moroccan Minister of the Interior Abdelouafi Laftit, the government will approve 116 public land projects this year.

According to the report, Moroccan government plans to launch two development projects in the Dakhla-Oued Eddahab region and Bir Genduz in Aousserd province in Western Sahara.

The Industrial Development Corporation (IDC) Board has approved to inject an investment of $850 million into rail infrastructure.