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Industry News

Amid Kenya power struggle, IMF says investment programme in crisis :
Publication Date: 17 January 2020
Hundreds of mismanaged infrastructure projects have stalled in Kenya and it will cost around $10-billion to revive them, the IMF said in a report whose findings point to a growing power struggle at the heart of government. Amid mounting public anger over ballooning state debt and a series of graft scandals, President Uhuru Kenyatta on Tuesday confirmed acting finance minister Ukur Yatani in the post after its previous incumbent, Henry Rotich, was charged with financial misconduct - an accusation he denies.
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AfDB extends $36.7m loan for road rehabilitation project :
Publication Date: 17 January 2020
Malawi has secured a $36.7-million concessional loan from the African Development Bank (AfDB) for the rehabilitation of a 55 km road that connects the districts of Ntcheu and Machinga, in the central and Machinga and eastern regions of the country respectively. The initiative is part of the Nacala Road Corridor Development Project, which involves the rehabilitation of selected roads in Malawi, Zambia and Mozambique to ensure easy access to the Mozambican seaport of Nacala.
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BMW, ACSA launch EV charging stations at three airports :
Publication Date: 08 January 2020
In an effort to push the boundaries of innovation through partnerships, and to improve the customer experience, Airports Company South Africa and BMW South Africa have launched BMW ChargeNow electric vehicle charging stations at OR Tambo International Airport, Cape Town International Airport and King Shaka International Airport.
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Cabinet will decide on e-tolls in new year :
Publication Date: 18 December 2019
The Cabinet has kicked the matter of e-tolls into touch - it will only be dealt with next year. "[The] Cabinet noted the report on the [Gauteng freeway improvement project] [e-tolls] of the task team led by Transport Minister Fikile Mbalula. A final decision on the recommendations of the task team as contained in the report will be made in the new year," Minister in the Presidency Jackson Mthembu said on Tuesday as he briefed the media on the outcomes of Friday's Cabinet meeting.
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