News and opinion on public works procurement
Katanga Mining has been ordered to withhold about $250 million earmarked as payment for a land deal with the Democratic Republic of Congo’s Gécamines as an investigation into the state miner’s executives continue. Katanga’s subsidiary Kamoto Copper Company (KCC) agreed in December to buy land next to its mine from Gécamines and said it would […]
The Board of Directors of the African Development Bank on Tuesday approved $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African countries contain the COVID-19 pandemic and mitigate its impacts. The grant, which is in response to an international appeal by the WHO, will be used […]
Free movement of goods and services will continue in the East African Community (EAC) bloc despite the Covid-19 outbreak. However, in order to ensure thorough screening, trucks will be disinfected before they are allowed to continue to their final destinations. Crew members will be quarantined for 14 days in countries of destination, according to new […]
Congolese President Félix Tshisekedi has declared a countrywide state of emergency, and shut down national borders in a bid to stop the potential spread of the coronavirus pandemic. Speaking on national television on Tuesday night, the DRC leader said the move had been occasioned by the rising numbers of new infections for Covid-19. “In view […]
Two lawyers have moved to court seeking to have Kenya’s Free Trade Agreement (FTA) with the United States revoked. Lawyers Christopher Ayieko and Emily Osiemo have filed a petition at the East African Court of Justice challenging Kenya’s plans to sign an FTA with the US. They accusing President Uhuru Kenyatta’s administration of violating the […]
The Board of Directors of the African Development Bank (AfDB) have approved a $200 million Trade Finance Risk participation agreement (RPA) between Sumitomo Mitsui Banking Corporation Europe (SMBCE) and the African Development Bank. The RPA, replacing an earlier one that expired in late 2019, will incorporate $100 million each of unfunded and funded risk participation […]
Uganda’s electricity export receipts increased by 13 per cent in the period ending January 2020, according to data from Bank of Uganda. Uganda exports its electricity to Kenya, Tanzania and parts of eastern DR Congo. According to a Bank of Uganda report released early this month, in the period between January 2019 and January 2020, […]
Kenya is feeling the economic effects of the coronavirus, despite having no infections, as imports from China fall because of travel bans for people and goods. Airlines are incurring losses, and small traders in Kenya said they fear their stocks will soon run out, putting them out of business. There is little activity these days […]
Canadian start-up Jaza has recently secured $1.7 million to provide access to electricity for households in rural Tanzania. The funds were obtained through a crowdfunding. Good news for Jaza. The Canadian start-up has obtained new capital to expand its activities in Tanzania. The start-up has successfully raised $1.7 million. The funds were raised through a […]
The government of Uganda is seeking US $117m loan from China for construction of oil roads. Uganda Media Centre communications and media relations manager Denis Katungi, announced the report and said the Cabinet agreed to borrow the funds. “The Government will borrow the money from the Industrial and Commercial Bank of China to finance the […]