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 the Tanzanian model by funding the project from various sources. Source: Africa News Agency
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 significant development. In 2023/2024, Ethiopia saw a 14% increase in foreign direct investment, reaching $3.9 billion, supported by the increased involvement of Chinese investors. Source: Africa
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 ahead of the summit in Russia, he said: ‘We call on the BRICS countries to partner with us to build the roads, ports, railways, energy and
Khalil Al Americani: ‘We want to participate in the digitalization of the DRC’
Interview by Dounia Ben Mohamed
Can you give us an overview of the evolution of the telecommunications sector in the DRC?
The Democratic Republic of Congo (DRC) presents an interesting market potential, especially in telecommunications and digital …
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…