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Category: Infrastructure

Local Infrastructure Transport and Logistics

Biden Announces $600 Million in New Financing for African Railway Infrastructure

President Joe Biden is concluding his trip to Angola with a significant announcement of $600 million in new financing for a multi-country railway, a move aimed at boosting U.S. investment in critical minerals infrastructure across Africa and countering China’s growing influence on the continent. This latest announcement builds on the $553 million pledged earlier this year by the U.S. International Development Finance Corporation (DFC) for the Lobito Trans-Africa Corridor, which will connect the Central African

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Local Infrastructure News

Zambia Secures $50 Million from BADEA for Kalabo-Sikongo-Angola Border Road Project

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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Local Infrastructure News Oil

Cabinda Refinery Set to Begin Operations by July Next Year

The construction of the Cabinda Refinery is advancing steadily, with the project now 72% financially complete and 64% physically complete. The refinery is expected to begin operations in July of next year. This update was provided by Agostinho da Silva, the Deputy Governor for Technical Services and Infrastructure of Cabinda, following the 4th Meeting of the National Council for Public Works (CNOP), chaired by Minister of State for Economic Coordination, José de Lima Massano. The

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Local Infrastructure Transport and Logistics

Angola-Zambia Road Project to Boost Trade and Economy in Eastern Angola

Economists and business leaders in Lunda-Norte believe that the construction of a road connecting Angola and Zambia, part of the Lobito Corridor initiative, will significantly enhance the flow of goods and services between Angola’s eastern provinces and the country’s coast. The project involves constructing an approximately 800-kilometer road from Lobito (Benguela) to Luau (Moxico) on the Angolan side. companies, including a consortium like SIbitech and Queiroz Galvão, as well as AFAVIAS, are involved in the

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Local Infrastructure News

Caculo-Cabaça Hydroelectric Development Project Advances to 15% Completion

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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International Infrastructure News Renewable Energy

Egypt secures land for world’s largest wind farm

Egypt has signed a land access agreement with an Egyptian-Emirati consortium to construct a 10 GW onshore wind farm in Upper Egypt. The project, set to be one of the largest in the world, has a project value exceeding $10 billion, according to a statement by the Egyptian cabinet. The coalition includes Egyptian-Emeriti Infinity Power, the largest African renewable energy developer, Egyptian infrastructure company Hassan Allam Utilities, and the UAE’s flagship renewable energy company, Masdar.

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Local Economy Infrastructure News

United States and Angola Ink $1.3 Billion Infrastructure Funding Deal

The United States and Angola have finalized funding agreements for three infrastructure projects worth $1.3 billion. These initiatives are integral to the transnational Lobito Corridor development and are backed by the Partnership for Global Infrastructure and Investment (PGI), a collective commitment by G7 nations to promote private investment in global infrastructure endeavors. Among the trio of projects are two solar power plants boasting a combined capacity of 500 MW. Spearheaded by renewable energy firm Sun

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Local Infrastructure News

Construction reached 6.0 percent of GDP 

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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Diamonds Infrastructure News

Rio Tinto Diamond Output Falls Amid Bereavement Pause

Production at Rio Tinto’s Diavik mine in Canada slid in the first quarter after the miner halted production to allow workers to grieve for colleagues who died in a plane crash. Output fell 22% year on year to 740,000 carats for the three months that ended March 31, Rio Tinto said Tuesday. However, production was 12% higher than the previous quarter, during which the miner closed two kimberlite pipes and produced lower-grade ore. The company

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Local Infrastructure News

76 percent of Construction halted at the end of 2023

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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