In a bid to reduce the huge infrastructure financing gap in Sub-Saharan Africa, the African Development Bank has approved US$100 million to The Emerging Africa Infrastructure Fund (EAIF), a public private partnership company.
Infrastructure/PPP news in Cote d'Ivoire
MSC and San Pedro Port have signed a 35-year concession agreement for the expansion of the San Pedro Container Terminal (TCSP) in Côte d’Ivoire.
The ECOWAS Commission has received several grants from the Africa Development Fund (ADF) and the European Development Fund towards the financing of the Study for the Abidjan – Lagos Corridor Highway Development Project.
The African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.
AfdB appoints Pierre Guislain as Vice-President, Private Sector, Infrastructure and Industrialization
The African Development Bank is pleased to announce the appointment of Pierre Guislain as Vice-President, Private Sector, Infrastructure and Industrialization, with effect from 1st December 2016. He will join the Senior Management Team of the Bank.
The port of Antwerp and the port of San Pedro in Côte d’Ivoire are to collaborate over the next few years to manage further expansion of this West African entrepot.
Omani firm Hasan Juma Backer & Contracting (HJB) has unveiled plans to invest about US$700 million to develop a dry port in Cote d'Ivoire (Ivory Coast) in West Africa.
Ivory Coast's port of San Pedro is seeking 777 billion CFA francs ($1.65 billion) in private funds to finance its expansion and upgrading aimed at making it one of West Africa's top shipping hubs.
The International Finance Corporation (IFC) as lead arranger and global coordinator, has completed a €200 million financing package for the expansion of the CIPREL thermal power plant in Côte d'Ivoire.
Before that, a ICTSI/CMA CGM consortium appealed the decision to grant the concession to the APMT/Bolloré/Bouygues consortium. It alledged that such a decision was detrimental to competition and posed the risk of a monopoly as the winning consortium already manages Abidjan's first container terminal. The Ivorian regulatory authority of public procurement rejected that argument in early May.