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


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


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


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


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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Nigeria’s MDXi to commission expansion of Lekki data center facilities in Q1 2022


West Africa’s leading broadband infrastructure company, MainOne, has announced the start of expansion works at its Lekki data center facilities. Dubbed Lekki II, the new Tier III data center is expected to be achieved in record time and targets commissioning in Q1 next year. It will further grow facilities at the center, initially inaugurated in […]

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Nigeria’s Sahara Group commits $1bn to LPG vessels and infrastructure in Africa


Nigerian energy infrastructure conglomerate, Sahara Group, has announced an investment of $1bn into Africa’s liquefied petroleum gas (LPG) value chain during the African Refiners and Distribution Association (ARDA) conference 2021 in South Africa this week. “Sahara, through its subsidiary, WAGL Energy Limited is already working towards investing $1 billion to ramp up its LPG fleet […]

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Meridiam signs $250m Concession Agreement for Burkina Faso’s Donsin-Ouagadougou Airport


Earlier today, Meridiam signed a 30-year concession agreement with the State of Burkina Faso for the conception, construction, financing, operation and maintenance of a new international airport 35km northeast of Burkina Faso’s capital Ouagadougou. The project is now progressing towards financing close. The engineering and construction works are expected to start at the end of […]

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CDC partners DP World for $1.7bn Africa logistics investment platform


The UK’s development finance institution and impact investor CDC Group (CDC) is partnering with DP World of the UAE to invest into Africa’s trade and logistics infrastructure. The long-term partnership will see DP World investing a further $1bn into existing ports in Dakar (Senegal), Sokhna (Egypt) and Berbera (Somaliland). On its side, CDC is initially […]

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Angola lays first stone for new Barra do Dande Ocean Terminal


Yesterday, Sonangol has officially laid the foundation stone for its landmark Barra do Dande Ocean Terminal (Terminal Oceânico da Barra de Dande, TOBD) in the Bengo Province north of Luanda. The infrastructure project has been in the making since 2013 but delayed several times by years of recession since 2016. It represents a massive step […]

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AFC creates new asset management division – wants to raise $2bn for African infrastructure


The Africa Finance Corporation (AFC) plans to step up its infrastructure financing in Africa with a new asset management division, AFC Capital Partners. Its debut offering, the Infrastructure Climate Resilient Fund (ICRF) is planning to raise $500m within the next twelve months and $2bn over the next three years. The fund will act as a […]

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Nigerian institutional investors back bonds issuance from country’s leading free zone


The Lagos Free Zone Co. (LFZC), a subsidiary Singaporean conglomerate Tolaram, has successfully issued a NGN 10.5bn 20-year Series 1 Senior Guaranteed Fixed Rate Corporate Infrastructure Bonds, the company said today. The issuance falls under a NGN 50bn debt issuance programme aimed at securing financing to expand what has become Nigeria’s most modern and integrated […]

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APM Terminals takes delivery of six more RTG cranes for its container terminal in eastern Nigeria


APM Terminals’ West Africa Container Terminal (WACT) in the Onne Oil & Gas Free Zone has taken delivery of six more state-of-the-art Rubber Tyred Gantry Cranes (RTGs), bringing their total number to 14. The new units will further improve service delivery at the Onne Port and confirm WACT as eastern Nigeria’s best-equipped port terminal. In […]

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Work has really started at the Trans-Gabon Highway


Officially launched in September 2020, the project of the new Economic Route of Gabon, dubbed “Transgabonaise”, which covers 780 kilometers from the Estuary to Haut-Ogooué, made several steps forward in recent weeks. The coating work was launched last August at PK 56, six kilometers from the base camp that the Minister of Public Works, Léon […]

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This Nigerian state gets serious about boosting private sector growth


Located just southeast of Nigeria’s capital Abuja, the State of Nasarawa is often overlooked to the benefits of the Federal Capital Territory or bigger industrial states like Kaduna to the north and Kogi to the south. But its government is actively trying to change that and developing new private sector cooperation to boost public infrastructure. […]

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Despite Lack of Natural Resources, Djibouti Attracts Major Investments in Infrastructure


Djibouti has no natural resources, a land area of only 23,200 km2 and a population of 1m. Yet, the country has attracted billions of dollars of investments over the past decade, making some of Africa’s biggest economies look up to it with envy. Foreign investors from China, the Middle East and the United States are […]

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Based out of the Blaise-Diagne International Airport, Air Senegal started operating in 2018.

Air Senegal’s Ambition to Rival Ethiopian Airlines Unshaken Despite Covid19 Crisis


The Covid-19 pandemic was an opportunity for President Macky Sall to set the tone for Senegal’s ambitions in the air transport sector. Last year, he set up an economic and social resilience fund of CFAF 50 billion to support Air Senegal and all the aeronautical structures affected by the pandemic and its subsequent lockdown. Thanks […]

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