Newsworthy articles with a focus on the Middle East & Africa

June 2018


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Africa Finance Corporation ready to invest in Zimbabwe

AFC is ready to pour in millions of dollars needed for the construction and refurbishment of infrastructure in Zimbabwe. This was after the southern African country recently became the latest member to join the international money lender.
The UAE, through the Emirates Red Crescent, ERC, is implementing a food programme in Sudan which copes with the spirit of giving in the Holy Month of Ramadan. The initiative is in line with the historic relations with the fraternal people of Sudan.

Italy commits $1.2 million to the Somalia Infrastructure Fund

The Somalia Infrastructure Fund is a Multi-Partner Fund with the overall goal of supporting Somalia to rebuild institutions, rehabilitate key infrastructure, and reinforce economic governance.
UAE and Egypt mull cooperation in global competitiveness

Abu Dhabi's $13.6bn cash package set to boost tourism infrastructure

Abu Dhabi will invest $13.6bn over three years to grow the economy, create thousands of jobs, boost tourism and construction projects, and slash building costs.
SNC-Lavalin signs exclusive agreement to deliver a major project in Oman

SNC-Lavalin signs exclusive agreement to deliver a major project in Oman

The project capital cost is expected to be in the range of USD1.5 billion, and will produce around a quarter of a million tons per annum of PVC destined for Asia, and around 140,000 tons per annum of sodium hydroxide that will support local industries.
Kuwait supports regional organizations' role in African continent peacekeeping

SGRF Says Oman Infrastructure Fund To Be Launched Soon

The new State General Reserve Fund aims to raise capital from investors from various countries to invest in Oman’s infrastructure sector. This was announced during a dialogue session held by Meethaq Islamic Banking.
Qatar to boost trade ties with Ghana, Holland

Nigeria: We've Spent $9 Billion On Infrastructure - Govt

The federal government said it has spent $9 billion on infrastructural projects since the commencement of the administration in 2015. The government says such infrastructure will also foster tourism and development.
Zambia, Saudi Arabia agree to cement cooperation

Russia to invest $190 mln in infrastructure of industrial zone in Egypt

The head of the Ministry of Industry and Trade Denis Manturov said the possible total amount of private investment for the project is estimated at $7 billion. The industrial zone will allow building cooperation chains for large projects of Russian companies that are being implemented in Egypt.
Nigeria and UAE clear way for assets recovery deal

Tunisia: WB injects $ 140 million into irrigated agriculture

The World Bank's new project will finance the repair of irrigation systems to make them more efficient and reliable, as the critical input for a more productive agriculture sector that generates greater revenues and provides opportunities for a diverse range of people and enterprises.
IMF to approve Dh2bn payment to Egypt

Dubai port operator plans ‘largest’ distributed rooftop solar project in Middle East

Port operator DP World’s Jebel Ali Free Zone, a free economic zone at the western end of Dubai, has launched the UAE’s first green storage and warehouse facilities and is set to install 88,000 PV modules across its Dubai facilities' rooftops.
African Development Bank Supports Morocco’s Agriculture

Queen Alia Airport transaction sets benchmark for MENA infrastructure deals

This deal is the first sale of a secondary infrastructure asset in the Middle East. The model transaction demonstrates growing investor interest in Middle East infrastructure as an asset class, in a region where most infrastructure assets are owned and operated by the state.
African economy ministers to gather in Busan next week

Oman construction sector the fastest growing in the Middle East

Oman's infrastructure projects are driving spending in the construction sector, aided by favorable regulations in the sultanate that incentivize foreign investment, as well as an ambitious economic diversification agenda, robust government support for infrastructure sectors like renewables, water and logistics
Bahrain unlocks investment opportunities worth $26 billion

UAE named among world's top nations for infrastructure investment

According to data published in a new Bank of America Merrill Lynch report, the UAE ranked third behind Singapore while Saudi Arabia was also prominent in 15th place. Over 21% of this year's public spending of $15.5 billion in Dubai is earmarked for infrastructure projects.
Africa: No Bumpy Rides in Namibia, Africa's Best Ranked Roads Infrastructure

Africa: No Bumpy Rides in Namibia, Africa's Best Ranked Roads Infrastructure

According to the Global Competitiveness Report, Namibia currently has some of the best quality roads infrastructure globally and the best in Africa. Namibia ranked 31 out of 137 countries, beating economic giants like China at position 42.

African Smart Cities: a solution to the booming urbanization process in the continent?

African Smart Cities: a solution to the booming urbanization process in the continent?

Africa is undergoing impressive urban growth. The continent who was alongside with Asia, one of the least urbanized in the world back in 2014, is now demonstrating fast urbanization rates and is envisioned to reach a 2.4 billion population within the next decades favoring cities over rural areas.
PODCAST: What are the economic development prospects for Mozambique?

PODCAST: What are the economic development prospects for Mozambique?

Tune into a discussion on the current state of Mozambique and the strategies currently in place to promote economical growth and development within the country.
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