Category: Infrastructure

Zambia has signed a cooperation agreement with the Arab Bank for Economic Development in Africa (BADEA), securing a $50 million investment for the construction of the Kalabo-Sikongo-Angola Border Road in Western Province. The agreement was formalized in Riyadh, Saudi Arabia, by Zambia’s Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, and BADEA President, Dr. Sidi Ould Tah. Alongside the road project, a $500,000 capacity-building initiative was also agreed upon to support the training of

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The director of the Caculo-Cabaça Hydroelectric Development project, Augusto Chico, reported that construction has reached 15% completion in São Pedro da Quilemba, municipality of Cambambe, Cuanza-Norte province. This update was shared during a visit by Angola’s Minister of Energy and Water, João Baptista Borges, and Namibia’s Minister of Mines and Energy, Tomas Alweendo, as part of a bilateral cooperation agreement. Augusto Chico highlighted that the project is currently in an accelerated phase aiming for electricity

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In the 2022 financial year, the Construction sector recorded real growth of around 5.5 percent with a share of the Gross Domestic Product (GDP) of 6.0 percent. According to data from the Central Balance Sheet of the National Bank of Angola (BNA), published in March of the current year, the assessment had statistical coverage of 957 companies from the most different size classes, corresponding to a weight of 83.92 per percent of the business volume

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Seventy-six percent of the country’s works were at a standstill in the third quarter of last year, according to figures from the National Statistics Institute (INE), which say that, of 3,125 buildings visited in that period, 2,404 were inactive. The numbers are included in the Quarterly Survey of Progress and Monitoring of Buildings in the Construction Process (ITAEPC), a document produced to characterize the progress of the construction of private buildings in the country’s main

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