$442 million –
Dubai’s port operator DP World, has entered into a $442 million deal with Somaliland to jointly develop the Port of Berbera. The Port of Berbera is 937 km east of Addis Ababa, in the self-proclaimed Republic of Somaliland.
$670 million –
Investec Asset Management announced this week their appointed as fund manager, for the $670 million Emerging Africa Infrastructure Fund (EAIF). Established in 2002, EAIF was developed to invest in private sector infrastructure projects across Sub-Saharan Africa. The fund has committed over US$1.2 billion for 63 projects in 19 countries.
Statistics SA data released earlier this week, shows unemployment in South Africa at 26.7%, the highest level in almost eight years. Manufacturing and mining were hit hard with 100,000 and 10,000 job losses respectively.
New data from the International Monetary Fund (IMF), shows that South Africa has dropped to the 3rd largest economy in Africa. Nigeria is top, followed by Egypt, which overtakes South Africa as Africa’s second largest economy.
$200 million –
Rwanda and the European Union signed a $200 million financing deal to assist the Rwandan government with developing their energy sector.
The 60% Gauteng (South Africa) e-toll discount deadline has been extended by another 10 days to 17th of May. The electronic toll collection (e-tolling) on the Gauteng Freeway Improvement Project (GFIP) has been marred by boycotts and protests. In Gauteng, 1.3 million motorists have registered for e-toll, however most remain noncompliant.
PPP x 4
The Rwandan government plans to employ drones deliveries in Western Rwanda through a public-private partnership (PPP) that includes Zipline, a California-based robotics company; Gavi, the Vaccine Alliance; and UPS. Drone deliveries will initially focus on delivering blood supplies and rabies vaccine to health workers in Western Rwanda.
136 out 168 –
Nigeria’s ranking in the 2015 Corruption Perception Index. UK Prime Minister David Cameron, was caught on tape speaking to Queen Elizabeth II about “some fantastically corrupt countries coming to Britain” for an anti-corruption summit. He called Nigeria and Afghanistan, “possibly the two most corrupt countries in the world”.