Africa50

Congo, DRC
Congo River road-rail bridge project prepares to enter new phase

On the sidelines of the AfDB annual meetings, Brazzaville and Kinshasa are preparing to launch a call for proposals for the construction of a civil engineering structure financed with support from Africa50. The project is whetting the appetite of Chinese firms.

Madagascar
French company Proparco in talks to join Volobe hydroelectric dam financing

The Agence Française de Développement subsidiary that's dedicated to private sector financing is discussing its involvement in the new shareholders' agreement of the Compagnie Générale d'Hydroélectricité de Volobe.

The New Guard
Nigeria, Kenya, Morocco

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

NigeriaSiminalayi Fubara takes Rivers State back

KenyaAbu Bakar goes permaculture

MoroccoKawtar Raji-Briand, the lawyer with Kinshasa connections

Africa
The AfDB counts on Africa Investment Forum to reel in Gulf states

The AfDB's investment platform will begin a tour of several Gulf states in the next few days. It is hoping to find new investors.

Morocco
Fresh investment duo bet on new private hospital

The kingdom's rapidly expanding private hospital sector is seeing a tandem of African and UK investors embark on the construction of a new facility in Casablanca.

Madagascar
EDF joins Volobe dam shareholders' agreement

The French energy group's place in the consortium operating the Volobe dam has almost been finalised. The project is estimated at €600m.

Gabon
The son of an Omar Bongo minister serves as go-between for Oligui Nguema and Africa50

Cameroonian national Alain Ebobissé, CEO of Africa50, was able to meet Brice Clotaire Oligui Nguema on the sidelines of the Mission 300 Summit through businessman Bertin Mboumbou Miyakou, son of Antoine de Padoue Mboumbou Miyakou.

Kenya
New energy cabinet secretary wants to tighten oversight of infrastructure PPPs

Amid the continued unrest, Opiyo Wandayi is erring on the side of caution and is being particularly thorough in his examination of three public-private partnerships offered by Adani, EDF and Africa50.

Madagascar
In absence of deal with France's EDF, Volobe dam project delayed again

The dam project, which Andry Rajoelina has been struggling to keep alive for close to 10 years, still needs a new shareholder.

Madagascar
EDF decision on Volobe dam project imminent

Talks with the Compagnie Générale d'Hydroélectricité de Volobe consortium have entered the home straight, and France's electricity giant is expected this month to decide whether to join Madagascar's €600m hydroelectric power project.

Madagascar
EDF poised to join Volobe dam project

French energy giant EDF is expected to invest in the forthcoming Volobe dam. It would join ranks with CGHV, a conglomerate made up of Axian and Africa50 which signed a concession contract for the project in late May, after seven years of negotiations with Antananarivo.

The New Guard
Nigeria, Mozambique and Rwanda

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

NigeriaBimbola Kolawole, a rising energy expert

MozambiqueErnesto Max Elias Tonela, Nyusi's rep in Paris

RwandaTesi Rusagara, the builder of Kigali Innovation City

Africa, Mauritius
Infrastructure fund Africa50 eyes continents's big investors

The African Development Bank's infrastructure platform has opened a new private fund to attract Africa's large institutional investors.

Madagascar
Volobe mega dam audit hot potato

The IFC, the dam's largest backer, is being extremely cautious about financing the hydropower project led by French group Colas.

DRC
Fund manager Global Infrastructure Partners wants in on Grand Inga dam project

The company owned by billionaire businessman Adebayo Ogunlesi is in talks with the Congolese authorities concerning a potentially huge investment in the mega-project to construct dams on the River Congo.

Madagascar
Rajoelina forces Eiffage's hand over Sahofika dam tariffs and concession duration

Even though works are set to start in the coming months, President Andry Rajoelina is backing the Eiffage-led consortium into a corner, demanding negotiations be reopened into the price of electricity that the Sahofika dam will generate.

Chad, Congo, DRC
ECCAS goes on charm offensive to fund several infrastructure projects

Four central African heads of state, together with institutional donors and business leaders, are due to attend a round table in Brazzaville on March 19 aimed at financing infrastructure projects.