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Construction activity in sub-Saharan Africa to grow over next two years – Mace

Construction activity in sub-Saharan Africa will grow at an average rate of 7% in the next two years, international consultancy and construction company Mace’s latest cost update for the region indicates. According to the report, continued economic growth is likely set to support construction activity.

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Amid Kenya power struggle, IMF says investment programme in crisis

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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Smart infrastructure that meets broad needs crucial for smart cities

Developing infrastructure that caters to the needs of society is fundamental to create smart cities, which are not the result of new buildings, but of the increasingly critical role that technology plays in making urban buildings smart, says Johnson Control sub-Saharan Africa GM Archibald Makatini. Smart city technology, green building solutions and energy efficiency, as well as infrastructure and human capital investment can help to improve the value of urban buildings and revive dilapidated buildings of inner cities.

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SAB, AB InBev ahead of renewable energy target for 2020

Brewery South African Breweries (SAB) and its parent company AB InBev Africa have announced that its breweries across South Africa will have on site solar facilities by the end of this month. This forms part of a multibillion-rand investment to ensure 100% of electricity requirements at AB InBev’s manufacturing sites across Africa come from renewable sources by 2025.

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Ghana, Siemens sign €250m deal to upgrade power grid

Siemens and Ghana reached a preliminary agreement to upgrade the nation’s electricity grid using €250-million of financing from Germany. Siemens and Ghana Grid Co will also use the funding to improve the country’s ability to supply other West African nations, including Burkina Faso, Togo and Benin, the Ghanaian presidency said in an emailed statement on Wednesday.

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Ethiopian Airlines to start building new $5bn airport this year – CEO

Ethiopian Airlines will start constructing a new $5-billion airport later this year, its CEO was quoted as saying on Wednesday, as the rapidly-expanding carrier outgrows capacity at its current base in Addis Ababa. The airport, which will cover an area of 35 km2, will be built in Bishoftu, a town 39 km south east of the capital, and have the capacity to handle 100-million passengers a year, the State-run Ethiopian News Agency quoted Tewolde Gebremariam as saying.

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Egypt, Ethiopia, Sudan agree to US-brokered deal over Nile dam

Egypt, Ethiopia and Sudan said they reached an agreement on the operation of a giant dam on a Nile tributary, a sign of easing tensions in the region. The countries issued a joint statement along with the US and World Bank, which had participated as observers at meetings in Washington this week. The pact lays out a plan to fill the reservoir in stages – a process crucial to ensuring a reliable flow to Egypt, which depends on the Nile for almost all of its fresh water.

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Metier reaches first close of second investment fund to focus on energy, water

Private equity fund management business Metier has received $113-million in commitments and reached first closing on its second Sustainable Capital Fund (MSC II).

The fund will be used to strengthen renewable energy, energy efficiency, water and waste management investments in sub-Saharan Africa.

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UK pledges new aid to help build green cities across Africa

The United Kingdom has pledged new aid towards building green cities across Africa with quality infrastructure to help the continent reach its economic potential. The announcement from the UK Department for International Development (DFID) came as its secretary Alok Sharma visited Kenya ahead of the UK–Africa investment summit in London on January 20.

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Cheap cement imports crippling South African industry, says Databuild

South African cement manufacturers are being severely undermined by cheap imports from countries such as China, Vietnam and Pakistan, an industry official said on Wednesday. The government’s failure to stem the influx of these products could have a severe detrimental impact on an already struggling industry, Databuild CE Morag Evans said in a statement.

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