Investments & Projects

PRESIDENT John Magufuli yesterday assured China National Machinery Industry Federation (CNMIF) of his government support in its plan to invest in the country’s power, industry and agricultural sectors.

SHELL Petroleum Development Company, SPDC has expressed commitment to invest in deepwater oil and gas exploration in Nigeria and other parts of the world.

Amid all the doom and gloom surrounding the economic and political situation in South Africa, there have been a number of recent successes in .

HARARE, May 18 (The Source) – Zimbabwe’s smallest mobile network operator, Telecel is in discussions with investors over a $200 million loan seen as crucial to investorsing its operations

International Monetary Fund (IMF) has projected that Rwanda’s economy will grow by 6.2 per cent in 2017, recovering from a slight dip in 2016 where it grew by 5.9 per cent.

Kenya expects to get significant funding from China for major infrastructure projects, which are part of the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiative.

HARARE, April 21 (The Source) – Zimbabwe’s Vice President Emmerson Mnangagwa has appealed to the private sector to invest in the country’s irrigation infrastructure to improve maize production

China began to increase significantly its investment in Africa at a time when Western companies, including those in the United States, were drawing back from Africa. China took advantage of opportunities and, to some extent, filled a void left by the West.

Megaprojects like these are deeply important for solving sub-Saharan Africa’s colossal energy access challenges at the pace governments there want. But they are not the complete answer. They are often expensive, take years to build and can’t reach everyone