Day: October 23, 2024
Uganda: $3 billion railway construction deal with Turkish company Yapi
The Ugandan government has signed a $3 billion contract with Turkey’s Yapi to build the 272-km Malaba-Kampala railway line. Work is expected to begin next month and take 48 months to complete. After China withdrew from the project, Uganda is adopting…
Zimbabwe: $3.57 million to boost youth and women’s employment
The African Development Fund has provided $3.57 million to Zimbabwe to support a project aimed at strengthening the skills and entrepreneurship of youth and women. The programme, which focuses on vocational training and agricultural value chains, is …
Ethiopia: Over $8.5 billion of Chinese investment boosts economy
Chinese investors have poured over $8.5 billion into Ethiopia, creating thousands
of jobs, according to the Ethiopian Investment Commission (EIC). With 3,309 projects
led by Chinese companies, the country’s infrastructure and industry have seen
si…
BRICS: Ramaphosa calls for massive investments in Africa
South African President Cyril Ramaphosa has urged the BRICS to invest ‘massively’ in
Africa’s infrastructure and youth skills, noting that the
continent’s free trade agreement ‘unlocks massive opportunities.’ Speaking at the BRICS Business Forum ah…