African Business News

Urban road upgrading project kicks off in Rwanda

Rwanda’s urban road upgrading project has commenced in the Kigali and is being undertaken by China Road and Bridge Cooperation (CRBC) and expected to improve the overall traffic situation in Kigali.

The road upgrading project is expected to be 54.56 kilometers where the investment is being done by China Export-Import Bank in form of preferential loan.

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Century Power plans to construct 495MW power plant in Nigeria

In West Africa, a Nigerian-based power generation company, Century Power has announced that it plans to construct a power plant in Nigeria that will produce 1,500MW of electricity, which will be fed into the nation’s power grid.

According to Media, the plant will be constructed in three stages at the Century Power Generation Plant in Okija, Anambra State, starting with 495MW, which is estimated to be finished in 2020.

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South Africa unveils first locomotive to be manufactured in Africa

Transnet which is South Africa’s rail company recently unveiled the first locomotive to be designed, engineered and manufactured in Africa, the Trans-Africa locomotive.

Transnet Chief Executive Officer, Siyabonga Gama confirmed the news and said that the new locomotive, which will be assembled at the company’s production facility in Koedoespoort, east of Pretoria, symbolized a crucial and vital step in its strategy of becoming a leading manufacturer and supplier of rolling stock in Africa.

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Ethiopia is 5th leading investor in Renewable energy in Africa

Ethiopia is the 5th major investor in renewable energy in Africa at US $ 100 million, according to the Renewable, Global Status Report, according to Capital. South Africa leads in renewable energy investment followed by Morocco, the second major renewable energy investor at US$ 2 billion.

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