Kenya's Urban Roads Authority has signed a Sh13.2 billion deal for construction of roads along the western and the central regions of the country, covering a stretch of 80km. Two Public Private Partnerships with a consortium of Lee Construction Limited, Cape Construction and Mota-Engil Africa will enable the construction and maintenance of roads across ten counties for the next ten years. Under the new deal are Riamukurwe-Gatitu road in Nyeri County, Kanjuki-Mauktano road in
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
Dealing with Africa’s road infrastructure backlog remains high on the agenda for not only its leaders but also the worlds leading road construction and road infrastructure companies. Taken as a whole, Africa’s road infrastructure lags well behind that of the rest of the world for example 34% rural access vs. 90% globally. Those highways that do exist are often in a dilapidated condition and massive backlogs in maintenance, repair and operations prevents the construction of mu
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