Kenya Shilling’s Appreciation Against USD May Be Reversing.
  • April 24, 2024
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🎙 African countries will pay $74-billion in debt service payments this year. 🎙Uganda’s investment culture is changing. XENO Uganda’s CEO, Aéko Ongodia, shares insights on acquiring over 100,000 clients and managing billions in investment capital in an emerging market. 🎙 The Kenya Shilling appreciation against the US Dollar appears to have finally hit the floor and could be in reverse …

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Outa demands information on Sanral, Ceta tenders

Nonprofit watchdog the Organisation Undoing Tax Abuse (Outa) has accused the South African National Roads Agency Limited (Sanral) and the Construction Education and Training Authority (Ceta) of keeping contracts with questionable companies secret, which it says is in line with a government culture of blocking the public from accessing information. Outa has filed complaints against Sanral and Ceta over the …

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South Africa aims to set up three JET-aligned skills development zones

Three Just Energy Transition (JET) skills development zones focusing on renewables and grids, electric vehicles and green hydrogen value chains are proposed for implementation under the larger JET Investment Plan (JET-IP), for which pledges of $11.5-billion have been made by several developed countries. The zones will be anchored to specific educational institutions, most likely technical and vocational education and training …

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Blue Energy signs 20-year green power deal with wheel manufacturer

Local developer and operator of clean energy infrastructure, Blue Energy Africa, has signed a 20-year deal with Borbet South Africa (SA) for the procurement of power from renewable-energy sources. Founded in 1962 by Peter Wilhelm Borbet, the family-owned company has five locations in Germany, as well as one each in Austria and South Africa, with the latter in Gqeberha. Read …

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Financing African hydrocarbon projects needs a segmented approach

In an era in which raising finance for major hydrocarbons projects was increasingly challenging, the developers of such projects in Africa should consider segmenting them and separately seeking finance for each segment. That advice was given by Africa Finance Corporation Senior Associate Shao Olumide. He was participating in a panel discussion at the 2024 African Refiners and Distributors Association conference, …

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TNPA issues RfP for Cape Town port liquid bulk terminal

State-owned Transnet National Ports Authority (TNPA) has issued a request for proposals (RfP) for the appointment of a terminal operator to acquire, operate, maintain, refurbish or build and transfer a liquid bulk terminal over a 25-year concession period at the Port of Cape Town. “The liquid bulk precinct in the Port of Cape Town enables the efficient movement of liquefied …

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