The Zambian Secretary General, Hon Davies Mwila says that according to the 2019 African Economic Outlook by the African Development Bank, “roads, ports, railways, pipelines, and telecommunications have always been important for African integration." With the signing of a far-reaching agreement between China and the African Union Commission within the framework of the African Union’s Agenda 2063 which will link all African capitals by road, rail, and air transport the socio-ec
The Zimbabwean Minister of Finance and Economic Development, Professor Mthuli Ncube says that the country has the potential to “mobilise 70% of funding needed to finance key infrastructure projects on the domestic market, a situation that would lessen the burden of external debt payments on the State.” Zimbabwe is currently battling to repay $6.9 billion in external debt of which nearly $2 billion is arrears to global lenders. The arrears have resulted in the country missing
It has been estimated that $78 billion is required by countries in the East African Community to finance mega infrastructure projects.
This includes the construction of two major transnational roads funded by the African Development Bank - the $322 million Rumonge-Gitaz and Kabingo-Kasulu-Manyovu road-upgrading project and the Malindi-Mombasa-Lunga Lunga/Horohoro-Tanga-Bagamoyo highway (Kenya to Tanzania). This 460km highway is budgeted to cost $751.3 million, with 70% bor
The 150km Kapchorwa-Suam road linking Kenya and Uganda will improve trade between the two countries, says Kenyan deputy president, William Ruto. Speaking at a meeting with Ugandan President Yoweri Museveni, Ruto said further that the road will increase ease of movement and investment between the countries. The road, funded by the African Development Bank stretches for 77km on the Kenyan side, and 73km on the Ugandan side. According to Museveni, this is an opportunities for lo