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
Finance
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
Murray and Roberts opens new office in Zambia
South African contractor Murray and Roberts has opened an office in Kitwe city, Zambia, which would serve as a hub for overseeing projects in the infrastructure and minerals sectors in central Africa
Tanzania to target investment through Special Economic Zones
Tanzania has set aside 16,150 hectares of land for the development of Special Economic Zones (SEZs) in three of its cities in an attempt to encourage investment in the country