The African Development Bank has proposed a US$20bn innovative instrument for financing of Africa’s infrastructure development
Finance
Heirs Holdings commits funds for African power sector
Heirs Holdings, which is owned by African businessman Tony Elumelu, has committed US$2.5bn for improving the African power sector
Dangote to invest US$15 billion in Africa by 2018
Nigerian businessman and owner of the Dangote Group Aliko Dangote has pledged to invest up to US$15bn in business opportunities around Africa by 2018
Samsung launches jet engine air conditioner
Samsung Electronics South Africa has announced the launch of Q9000 jet engine air conditioner, which will use jet engine technology to cool or heat air faster than conventional units
African Energy acquires Aviva’s Botswana coal project
African Energy has completed the acquisition of Aviva Corporation’s 1.3bn tonne-resource Mmamantswe Coal Project in Botswana