Mexican cement company Cemex has announced plans to invest US$100mn in Egypt in an attempt to upgrade its operation in the North African country
Construction
African bank to fund housing projects in Kenya
Shelter Afrique will raise funds in the next two years for financing the housing projects in Nairobi, Kisumu and Mombasa. (Image source: marc falardeau/Flickr)
The Commercial Bank of Africa (CBA) has signed a deal worth more than US$17mn with housing project financer Shelter Afrique for funding housing schemes in Nairobi, Kisumu and Mombasa
Funds for Mozambique’s infrastructure development
The credit lines will be used for financing the building of 1,200 houses in Mozambiques Tete, Zambézia and Cabo Delgado provinces. (Image source: marc falardeau/Flickr)
Indian Export-Import Bank (EXIM) has outlined plans to open up three credit lines worth US$217mn for Mozambique to fund public works and housing projects in the southern African country
Chinese firm to build tallest trade tower in Kenya
The high-rise is expected to be completed within a period of 18 months. (Image source: Orin Zebest/Flickr)
Chinese construction firm Jiangxi International has won a bid for constructing the tallest trade building in Kenya, the National Social Security Fund’s (NSSF) Trade Centre
Lafarge Zambia cuts exports to meet local demands
Lafarge exports cement to DR Congo, Tanzania, Burundi, Malawi and Zimbabwe. (Image source: bulliver/Flickr)
Lafarge Cement Zambia has cut cement exports by 15 per cent in order to meet the increased local demand triggered by a boom in the local construction industry
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The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)
GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)
The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)
The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)
ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)
Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)
Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)
The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)
The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)
Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)
WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)
IVECO is renewing its entire product range, all at once. (Image source: IVECO)
Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)
The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)
There has been a focus on the sugar industry. (Image source: Adobe Stock)
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The HQ is expected to be completed and handed over by February 2025. (Image source: ECOWAS)
Africa’s share of global manufacturing only sits at around 2% today. (Image source: Adobe Stock)
There are numerous but not insurmountable challenges facing Africa's aviation sector, according to IATA. (Image source: Adobe Stock)
Africa Energy Forum 2024 was held in the Fira de Montjuïc in Barcelona. (Image source: ACP)
The quality design and manufacture of SEW-EURODRIVE South Africa’s panels and enclosures can be suited to any customer requirement wall mounts. (Image source: SEW-EURODRIVE)
African countries will require over US$45bn in the coming eight years to plug the gap in its transmission systems. (Image source: Synergy Consulting)
BII commits US$75mn to second Green Basket Bond with Symbiotics Investments to finance small-scale green projects in Africa, South, and South-East Asia. (Image source:
Transforming Africa's digital economy: Data Centres powering growth, innovation, and sustainability in the digital era. (Image source: Adobe Stock)
The Linnhoff TSD1500 Asphalt Mixing Plant is undertaking crucial work on two rural road projects in Kenya. (Image source: Lintec & Linnhoff)
AI-driven energy-sharing platform will be integrated with ABB energy management technology. (Image source: ABB)
ENGIE Energy Access starts mini-grid construction in Zambia. (Image source: ENGIE Energy Access)
ATIDI and Globeleq boost Kenya’s renewable energy with pioneering geothermal initiative, reinforcing regional sustainability goals.
This partnership aims to enhance sustainable development and advance climate action initiatives throughout the continent. (Image source: Adobe Stock)
Orange Energies has aimed to make energy more accessible, becoming a preferred partner for energy producers in regions where half the population lacks electricity. (Image source: Adobe Stock)
Global primary energy consumption overall was at a record absolute high in 2023. (Image source: Adobe Stock)
