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Construction of Yaouré Gold Mine gets greenlight

Perseus Mining's board of directors has formally approved construction of the Company’s third gold mine, the Yaouré Gold Mine in Côte d’Ivoire. With a forecast capital cost of US$265 million, Yaouré is expected to become...
Renewable Energy Now Accounts for a Third of Global Power Capacity

Renewable energy now accounts for a third of global power capacity

The decade-long trend of strong growth in renewable energy capacity continued in 2018 with global additions of 171 gigawatts (GW), according to new data released by the International Renewable Energy Agency (IRENA). The annual...
South Africa construction sector outlook dim says report

South Africa construction sector outlook dim says report

South Africa construction industry will not experience a positive impact regardless of the outcome of the May general election, a new report has shown. The report by Fitch Solutions shows that while the government has...
Kenya plans double-decker road in capital city

Kenya plans double-decker road in capital city

A double-decker road linking Kenya's main airport to its major highway in the capital Nairobi will begin September,a top transport ministry official has said. Transport Cabinet Secretary James Macharia has said that upon completion the double-decker...
Dangote Cement sees volumes rise but revenues down in first quarter

Dangote Cement sees volumes rise but revenues down in first quarter

Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent year on year, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell...
AfDB approves US$70 million loan for Ebonyi State road in Nigeria

AfDB approves US$70 million loan for Ebonyi State road in Nigeria

The African Development Bank Group on Wednesday approved a US$70 million loan for a road project in Nigeria’s southeastern Ebonyi State. The Bank will provide US$40 million, while its co-financier, the Africa Growing Together Fund...
Zambia's Ngonye solar PV plant begins operation

Zambia’s Ngonye solar PV plant begins operation

Enel Green Power operating under Enel Group says operation has begun at the 34 MW Ngonye solar PV plant, which is the Group’s first power plant in Zambia. The solar plant, which is located in...
Egypt plans to build first nuclear power plant in 2020

Egypt plans to build first nuclear power plant in 2020

Egypt is planning to construct its first nuclear power plant in 2020.Egyptian Nuclear Regulation and Radiological Authority has granted the Nuclear Power Plants Authority site approval permit for the construction of Egypt’s first nuclear...
Egypt mulls huge business park in New Administrative Capital

Egypt mulls huge business park in New Administrative Capital

Egypt plans to construct  a central business park in the New Administrative Capital following agreement worth US$834 million in Beijing on Monday with several banks, Housing minister Asem al-Gazzar has said. The park would include seven...
Tanzania commits $310m for Stiegler’s Gorge dam construction

Tanzania commits $310m for Stiegler’s Gorge dam construction

Tanzania has issued $309.65m advance payment to Egyptian firm Arab Contractors to help in the construction of the controversial Stiegler’s Gorge hydroelectric dam in the Selous game reserve. The payment is part of an advance...
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