The African Development Bank (AfDB) has commissioned a US$25mn Pan-African Infrastructure Development Fund (PAIDF 2), which will invest in power, transport, water and sanitation, information and communication technologies (ICT) and healthcare infrastructure projects across the continent
Finance
Sub-Saharan Africa to witness business boom
Africa, home to a billion people and endowed with abundant resources, is now one of the world’s fastest-growing continents
Kenya, Uganda and Tanzania launch cross-border payments system for East Africa
Kenya, Uganda and Tanzania have collaboratively launched an integrated real time cross-border payments system for East Africa, aimed at removing bottlenecks to business and bolster intra-regional trade
Actis energy fund raises US$1.15 billion
Private equity firm Actis has raised US$1.15bn through its third energy fund, which will be used for investment in electricity generation and distribution businesses in Latin America, Africa and Asia
AECOM wins US$290 million contract in Libya
US-based project management firm AECOM has won a US$209mn contract in Libya to act as lead manager for the government’s housing and infrastructure development programme in urban areas