Caverton adds second simulator to Africa’s leading aviation training center


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The Caverton Offshore Support Group (COSG) Plc will install, operate, and maintain an AW109 FNPT II MCC simulator purchased by Global Aviation Training & Maintenance (GATML) at its aviation training center in Lagos. The new simulator is equipped with a spherical visual system, 4 axis electromagnetic vibration system and an Entrol Mission Package, which includes […]

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French development agency to finance development of Lagos’ waterways


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The French development agency, AFD, has declared it would support the Lagos State Government and its waterways authority, LASWA, to develop a mass public inland waterways transportation system in Africa’s largest megacity. Known as the Waterways Investment and Development of the Environment project in Lagos State (WIDE-LAG), the €200m scheme targets the moving of over […]

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Angolan Government awards concession tender for critical Lobito Corridor railway


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The Angolan Transport Ministry has awarded the 30-year concession for rail services and logistics support over the Lobito Corridor to the consortium of Trafigura (49.5%), Mota-Engil (49.5%), and Vecturis (1%). The Lobito Corridor is a key route that connects mines in the D.R. Congo to the Lobito Port in central Angola, from where commodities can […]

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Oando planning electric mass transit ecosystem in Lagos


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In April this year, Nigerian energy company Oando signed a Memorandum of Understanding (Mou) with the Lagos Metropolitan Area Transport Authority (LAMATA) for the rollout of an electric mass transit ecosystem in Africa’s largest megacity. The MoU was signed with Oando Energy Resources’ subsidiary Oando Clean Energy Ltd (OCEL). The ecosystem seeks to support electric […]

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Nigeria: Kasi Cloud has broken ground on new $250m data center in Lekki


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Yesterday, Lagos Governor Babajide Sanwo-Olu performed the groundbreaking ceremony at the Kasi Cloud Data Center in Lekki II. The $250m project is located at Leisure Land along the Maiyegun- Lekki Beach Road. It is being built over 4ha and will ultimately provide interconnection and data center services to West Africa’s fastest-growing city and commercial hub. […]

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MDXi Data Center has launched Lekki II Data Center expansion


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Last week, MainOne further expanded its digital footprint in West Africa by launching its MDXi Lekki II Data Center. The expansion of the MDXi Lekki center by Lagos Governor Babajide Sanwo-Olu notably followed the completion of MainOne’s acquisition by Equinix on April 5th. As a result, MainOne is now an Equinix company. Our plans include […]

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Nigeria’s new Infrastructure Corporation opens for business


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On April 8th, term sheets were signed between the Infrastructure Corporation of Nigeria (InfraCorp) and four independent infrastructure asset managers: Sanlam InfraWorks, Africa Infrastructure Investment Managers (AIIM), the AAA Infrastructure Nigeria consortium (comprising of Afrinvest, Africa Plus Partners, and ARC Asset Management), and Chapel Hill Denham. InfraCorp is a new privately-managed investment, infrastructure and industrial […]

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Gabon considers new 340Km railway line between Owendo and Booué


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Earlier this week, the Government of Gabon signed a contract with INPEX SA, subsidiary of RISE Gabon, to carry out necessary studies on the planned 340km Komo-Ogooue Railway (KOR) project. RISE Gabon is an investment vehicle dedicated to financing the country’s infrastructure and was born out of a partnership with the Islamic Development Bank in […]

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Nigerian independent launches new medical diagnostics laboratory in Delta State


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ND Western, a member of the Independent Petroleum Producers Group (IPPG) of Nigeria, and the state-owned Nigerian Petroleum Development Company, have officially commissioned a new world-class laboratory in Delta State yesterday. The Delta Plus Diagnostics facility was completed earlier this year in Ogunu and provides a world-class, fully equipped, molecular laboratory offering Covid-19 and blood […]

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Africa50 completes a growth equity investment in PAIX Data Centres


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Africa50 has just completed an equity investment of $20m into PAIX Data Centres, forming the first tranche of PAIX’s Series B financing by Africa 50. The funds will be used to expand PAIX’s data centre capacity and its growth plans into new African markets. PAIX currently operates one data centre in Accra and one in […]

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AXIAN Telecom makes successful debut on debt capital markets


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AXIAN Telecom, the pan-African provider of telecommunications, mobile money services and digital infrastructure, has successfully priced its $420m senior notes due in 2027. The company raised capital to finance the repayment of some of its existing debt and support its overall growth across the continent. Since 2004, AXIAN Telecom has expanded into Tanzania, Madagascar, Togo, […]

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Official start of construction at the D.R. Congo’s flagship deep-water port


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DP World and the Government of the Democratic Republic of the Congo (DRC) have officially laid the first stone of the new Banana Port today. The ceremony was attended by His Excellency, Félix-Antoine Tshisekedi, President of the DRC, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, as well as members of […]

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Lagos State issues pre-qualification notice for the concession of the Lagos Blue Line Rail Project


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On Wednesday this week, the Lagos Metropolitan Area Transport Authority (LAMATA) issued a request for application for the pre-qualification of the concession of the Lagos Blue Line Rail Project, which will run from Marina to Okokomaiko. The line is part of the broader Lagos Rail Mass Transit (LRMT) network currently being developed under the Lagos […]

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Tanzania and Burundi want to boost trade with a new railway link


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On Sunday, the East African nations of Tanzania and Burundi signed an agreement seeking to build a $900m railway that would connect them both and boost trade. The Memorandum of Understanding (MoU) signed in Kigoma paves the way for the construction of a 282km line from Uvinza in western Tanzania to Burundi’s capital Gitega. It […]

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DP World breaks ground at $1.1bn Ndayane deep-water port in Senegal


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On Monday this week, Senegalese President Macky Sall laid the foundation stone for the new $1.13bn Ndayane deep-water port, 50km south of Dakar. The project is led by a joint-venture of DP World of Dubai and the Dakar Port Authority and represents so far the biggest private investment in Senegal. According to DP World, the […]

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Tanzania selects Turkish contractor to extend its standard gauge railway


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Earlier this week, Tanzania signed a $1.9bn contract with Turkish contractor Yapi Merkezi to build a 368km section of standard gauge railway. The project is part of a 1,219km SGR line that Tanzania is building to support regional trade in East Africa by linking Dar es Salaam with the port city of Mwanza on the […]

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Dakar gets brand new “TER”, France’s renowned train and coach service


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Just after Christmas, President Macky Sall of Senegal inaugurated the long-delayed railway line linking Dakar to the new city of Diamniadio. The new service can transport over 100,000 people across the 36km between Dakar and Diamniadio, and currently counts 14 stations. It will ultimately link Dakar to the Blaise-Diagne International Airport (AIBD) in less than […]

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DP World and the Democratic Republic of the Congo sign final agreement to develop Banana Port


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On Monday this week, DP World and the Government of the Democratic Republic of the Congo (DRC) have signed the Collaboration Agreement for the development of the Banana deep-sea port. The agreement was signed in the presence of President Tshisekedi and follows the sgning of a term sheet earlier this year with DP World. The […]

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Hive Hydrogen and Linde announce $4.6bn Green Ammonia Plant in South Africa


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Hive Hydrogen, Built Africa and Linde’s South African subsidiary Afrox have announced the establishment of a 780,000 ton/year Green Ammonia Plant at the Coega Special Economic Zone alongside the Port of Ngqura in South Africa. The $4.6bn project will be developed two phases and have its own dedicated power supply. The facility will use renewable […]

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AfDB approves $210m for Nigeria’s Special Agro-Industrial Processing Zones


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On Monday, the Board of Directors of the African Development Bank (AfDB) approved a $210m loan to co-finance Phase 1 of Nigeria’s Special Agro-Industrial Processing Zone Programme. This is the one of the AfDB’s most ambitious operations in supporting African agriculture to date. The facility is made of an AfDB loan of $160m along with […]

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American digital infrastructure company Equinix to acquire MainOne for $320m


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Equinix has revealed yesterday its intention to expand into Africa by acquiring African data center and connectivity solutions provider MainOne. The acquisition is valued at $320m and is expected to close in Q1 2022. By acquiring MainOne, Equinix would gain a strong foothold in Nigeria, Ghana and Côte d’Ivoire where MainOne has already built data […]

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Nordic investors seek to invest into smart city projects across West Africa’s largest commercial city


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The Nordic Nigeria Connect just closed in Lagos this week after welcoming delegations of investors from Norway, Denmark, Finland and Sweden. The conference was organized by Nordic countries to present several opportunities across waste and wastewater management, green energy and green transportation solutions across the State of Lagos. More importantly, the week highlighted Lagos’ leadership […]

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Berbera International Airport officially opens after successful renovation by the UAE


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The Berbera International Airport has officially opened its gates on November 20th. First built in the 1970s by the Soviet Union, the airport was in dire need of renovation and new equipment. While the airport got a new terminal in 2015, its redevelopment and modernization really started in 2020 when the Berbera International Airport Company […]

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The Lekki Deep Sea Port is over 70% complete


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The Lekki Deep Sea Port was over 70% as of late October this year, its promoters have revealed. The project’s construction and development is being undertaken by Lekki Port LFTZ Enterprise Limited (LPLEL), a special purpose vehicle promoted by the Tolaram Group and China Harbour Engineering Company Ltd (CHEC). CHEC injected US$221 million into LPLEL […]

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