187 km –
Nigeria unveiled the 187 km Abuja-Kaduna standard gauge railway (SGR) on Tuesday. The rail link is designed for a speed of 150 km per hour, reducing the travel time by an hour.
$200 million –
African Development Bank (AfDB) commits $200 million to Tanzania’s transport sector reforms during the 2016/17 fiscal year. The country plans to revive the central rail line by upgrading to standard gauge. The government also plans to procurement three passenger aircraft and ships for Lake Victoria and Lake Tanganyika.
Anheuser-Busch InBev NV raised its cash bid for SABMiller Plc by 2.3% to factor in the drop in the pound. SABMiller shareholders will receive 45 pounds ($59.23) a share in cash, valuing the company at 79 billion pounds ($103.98 billion).
$258.3 million –
Kenya Airways announced a record net loss of $258.3 million (Ksh26.2 billion) in the year ended March. The net loss for the year widens to Ksh25.7 billion ($251 million).
2,500 DWT –
Kenya’s Southern Engineering Company has unveiled the country’s first locally-built and internationally-classed vessel, a 2,500 DWT (deadweight tonnage) flat-bottomed barge. The vessel will be used in the construction of the Lamu port and meets the standards of the Indian Register of Shipping (IRClass).
21-year low –
The number of piracy attacks dropped to a 21-year low in the first half of 2016, according to the International Maritime Bureau (IMB). Somalia and Indonesia were singled out for the reduction. However West Africa and particular Nigeria, remains a concern. Overall 44 crew members were kidnapped in the first six months of 2016, compared to 10 in the same period in 2015.
ESKOM South Africa’s decision not to sign any further power purchase agreements with independent power producers, alarms the market Bdlive
The World Bank provides Sh100 Million for Tanzania’s Dodoma Dry Port – Allafrica
ECOWAS women complain about harassment at West African borders – FPA
Tesla Developing a Fleet of Autonomous Semi Trucks – Supply Chain 247
The future of drones in Africa – Guardian