Afreximbank Breaks Ground on New US$250mn Headquarters, Trade Center, in Egypt's New Capital
The African Export-Import Bank (Afreximbank) held a groundbreaking ceremony for the Afreximbank African Trade Centre (AATC) in Egypt’s New Capital
20 Counties Spend Zero on Development as Salaries Dominate
Twenty county governments reported zero development expenditure during the quarter, effectively postponing capital investment entirely.
KenGen To Lead, Operationalize Kenya's First Nuclear Plant
Kenya has assigned the Kenya Electricity Generating Company (KenGen) to operate the country’s first nuclear power plant, accelerating an ambitious plan to add up to 10 gigawatts of electricityRuto Leans on Private Capital as Kenya Shifts Gears in Roads Funding
President William Ruto has renewed his push for private investment in Kenya’s road network, saying the country can no longer rely on the national budget and costly borrowingTreasury Targets Long-Term Funding in Ninth FY25/26 Bond Reopening
Kenya has opened its ninth reopening of FY25/26, offering KSh 40B across the 30-year SDB1/2011/030 and 25-year FXD1/2021/025. The December auction pushes issuance into the long end of the curve as the Treasury strengthens its front-loaded strategy ahead of heavy 2026 maturities. The sale follows strong November activity that lifted cumulative bond proceeds to about KSh 598B before December bidding begins.
Kenya Approves South Lokichar Field Development Plan Under New Operator
The plan, submitted by Gulf Energy E&P BV, outlines a two-phase development of Blocks T6 and T7, with production expected to ramp up to 50,000 barrels per day.Kenya Pays KSh 93 Bn in Road Arrears Ahead of Planned Bond
The Kenyan government has cleared KShs 93 billion in verified road-sector pending bills using part of a KShs 104 billion syndicated bank loan.Africa Finance Corporation Secures US$100mn Loan from Canada's Development Institution
Africa Finance Corporation (AFC), the continental infrastructure and industrial investments provider, has secured a US$100mn, 10-year term loan from FinDev Canada, Canada’s bilateral Development Finance Institution. The transaction not only [...]
Setback for City Transport Plan as Globe Roundabout Terminal Faces Delay
The government has dropped plans to compulsorily acquire several parcels of land around Nairobi’s Globe Roundabout that had been earmarked for the construction of a public transport terminal. The Globe [...]EAC Courts Private Capital for Kenya-Uganda Expressway
The East African Community (EAC), together with Kenya and Uganda and the African Development Bank (AfDB), will hold a Market Sounding Conference in Kampala on October 20–21, 2025, to court private investors for [...]Lebanese Contractor Seeks to Liquidate Oilfields Ltd in Kenya Pipeline Dispute
Zakhem International Construction Limited, a Lebanese-owned contractor behind Kenya Pipeline Company’s Mombasa–Nairobi multiproduct pipeline, has petitioned the High Court to liquidate its subcontractor Oilfields Engineering and Supplies Limited. The dispute [...]Ethiopia Inagurates US$ 4.2bn Grand Renaissance Dam
Ethiopia has inaugurated the Grand Ethiopian Renaissance Dam (GERD), Africa’s largest hydroelectric project, marking a watershed moment for Africa's second most populous nation as it seeks energy independence and a [...]
