The World Bank has approved a total of $8.40bn (about N12.89tn) in fresh loans to Nigeria within the last two years. The new approvals, which span from June 2023 to …
BusinessDevelopmentEconomyFinanceInfrastructurePolitics
Category:
Infrastructure
- Business and EconomyClimateDisaster PreparednessInfrastructureInsurance & Risk ManagementPublic PolicySecuritySouth Africa
SA Insurers Tackle Crime, Climate Risks
South Africa’s property insurance sector is facing fresh challenges as crime rates rise and climate-related disasters become more frequent, forcing companies to change how they assess and price coverage. Industry …
- AFRICA NEWSAviationEconomyInfrastructureINVESTMENTTransportation
Ethiopian Airlines, AfDB to Raise $8bn for Africa’s Largest Airport
Ethiopian Airlines Group has taken a major step toward building what could become Africa’s largest airport by appointing the African Development Bank (AfDB) as the mandated lead arranger to secure …
- BusinessCapital MarketEnergyInfrastructureNigeriaPower SectorState News
Elektron Finance Launches N200bn Bond Programme
Elektron Finance SPV Plc, a funding vehicle fully owned by Elektron Energy Development Strategies Limited, has launched a N200bn bond issuance programme and successfully completed its debut N4.64bn Series 1 …
- DevelopmentInfrastructureInnovationNigeriaPublic HealthPublic SafetyTechnology
Harnessing Wearable Technology to Improve Construction Safety in Nigeria
In Nigeria, many construction workers face daily dangers due to poor enforcement of safety rules and limited resources on worksites. Fatal accidents remain high, especially where heavy machines operate in …
- DevelopmentEconomyHousingInfrastructureInternational RelationsNigeriaUrban Development
Nigeria Explores Kuwait Fund Partnership for Housing and Urban Development
The Federal Ministry of Housing and Urban Development is seeking partnership opportunities with the Kuwait Fund for Arab Economic Development (KFAED) to boost infrastructure projects that will support affordable housing …
Concerns have been raised on social media over the lack of drainage infrastructure along sections of the Lagos-Calabar coastal road currently under construction. An X user, @omoelerinjare, posted a video …
- BusinessEastern AfricaGovernment PolicyInfrastructureReal Estate
KMRC Praised for Advancing Kenya’s Housing Agenda
The Kenya Mortgage Refinance Company (KMRC) has been praised for playing a major role in advancing President William Ruto’s affordable housing plan under the Bottom-Up Economic Transformation Agenda (BETA). The …
- Community DevelopmentEnergyGovernanceInfrastructureNigeria
FG Spends N88bn on Repairs as Power Vandals Worsen Electricity Woes
The Transmission Company of Nigeria (TCN) has revealed that the Federal Government has spent over N88 billion to repair and restore damaged power transmission infrastructure across the country between 2021 …
- AviationEconomyInfrastructureLabourTransportation
Tension in Nigeria’s Aviation Sector as Unions Threaten Nationwide Strike Over Unpaid Salaries
There is growing tension in Nigeria’s aviation industry as four major aviation unions have issued a fresh warning to the Federal Government, announcing plans to begin a full withdrawal of …