Indian KEC triumphs over Sinohydro and Kalpataru
Indian company KEC will build a 77km power transmission line linking the economic capital of Burundi, Bujumbura, to Kamanyola in DRC.
The Tahiti-based entrepreneur Dominique Auroy is pulling out all the stops to find new partners and get his project for a hydroelectric plant in Gabon back on track. He is being helped by Morocco's sustainable energy agency and Islamic Development Bank.
Dominique Auroy's interests in Gabon have taken a hit since Ali Bongo came to power, succeeding his late father, with whom Auroy was involved in various projects. Now the Tahiti-based entrepreneur sees hydropower as a way to get back into business in the country.
Four months after the departure of Frenchman Philippe Le Houérou, who had been head of the International Finance Corporation since 2016, World Bank president David Malpass has still not found a new chief executive for the private sector lending institution.
After having been sanctioned by France's financial markets authority, financier Yariv Elbaz has succeeded in making a comeback in Gabon with his fund Ycap, which has become the main financial partner of the country's sovereign fund.