African Development Bank

DRC
China's CREC-8 wins contract to restore Kwango bridge

Chinese construction giant CREC-8 has won the contract to restore DR Congo's strategic Kwango bridge. The company submitted a $5.3m bid, which was lower that its two Chinese competitors.

Ivory Coast, Mali
Goïta calls on Ouattara to obtain financial support from BCEAO

Bamako is under economic pressure and is asking Abidjan for help in lifting certain measures imposed by the Central Bank of West African States (BCEAO).

DRC
China Three Gorges may be back on track to bag Grand Inga deal

The Congolese government, after a series of U-turns in the Grand Inga mega-dams project, is now looking again at plans proposed by China Three Gorges. Much to the chagrin of Australia's Fortescue Metals Group, which fears that it will lose the project.

Comoros islands
The World Bank provides Moroni with extra funds for port renovations

The World Bank is providing an additional $15m to overhaul the three main ports in the Comoros Islands.

Tanzania
Race is on to build and run Kakono dam

The Tanzanian national energy company TANESCO has launched a call for tenders for the construction, administration and surveillance of the future 87.8KW Kakono power plant, billed at over $300m.

Ivory Coast
Agétip Energies faces two-year exclusion from public contracts

Après avoir été évincés d'un contrat d'électrification, Agétip énergies & services (AES), le Groupe bâtir Afrique (GBA) et Akura sont sur le point d'être suspendus des procédures d'attributions de marchés publics ivoiriens pour deux ans.

Morocco
OCP poised to deliver fertilisers to Burundi

Bujumbura has turned to Morocco's OCP, which has been expanding rapidly on the continent of late. If it goes ahead, the deal will consolidate Rabat's 'phosphate diplomacy'.

Madagascar
Rajoelina pulls Eiffage off Sahofika dam project

After years of negotiations between the Madagascan president and the French construction company, the Sahofika hydroelectric power station project is being put out to a new call for tenders.

Niger
Niamey in talks with French events agency Viparis for its international conferences

Niger is holding talks with French events operator Viparis over a partnership deal for the organisation of conferences and forums in France and internationally, which Niamey counts on to attract investors.

Burundi, Rwanda
The African Development Bank finances a cross-border road project

With the border between Rwanda and Burundi reopening last September after six years, the Rwandan road agency has launched a first tender for a project to improve the road between the two countries

Palace Intrigues
Succès Masra, William Ruto, Khalifa Haftar, Abdelhamid Dabaiba

Intrigues big and small: every Tuesday, Africa Intelligence takes a peek into the corridors of power in Africa and beyond.

Chad Opposition leader Masra to call on African leaders

Kenya Ruto's chief economist creates a stir

Libya Falcon Wings, the discreet airline flying both Dabaiba and Haftar

Niger Italian soldiers to check out of their 5-star hotel

DRC
Kinshasa keeps Fortescue on edge with delay on Grand Inga deal

The Australian mining giant, after lengthy negotiations last year with the Congolese state, is waiting impatiently for the signature of a rider to a 2020 convention for the development of the Grand Inga dam. Africa Intelligence can now reveal the details of that document.

Djibouti, Ethiopia
Addis-Djibouti road corridor project making gradual progress

The Djibouti government is preparing to launch a series of studies to lay the groundwork for the infrastructure for its part in the road corridor project.

Burundi
President Ndayishimiye sharpens communications strategy for port of Bujumbura

Colonel Jean-Baptiste Biherengende, Burundi's former ambassador to the DRC, was recently named MD of the Maritime, Port and Railway Authority and is actively looking for a communications consultant.

Africa
IMF ready to pay out first $20bn in SDRs to AfDB

The African Development bank should receive $20bn in IMF SDRs in the coming months, as part of a pledge made in 2021 during the Covid-19 crisis by rich nations to reallocate the equivalent of $100bn in SDRs to African countries.

Egypt
Cairo wins battle of think tanks at African Union

Following intense negotiations, the coveted chairmanship of a new network of think tanks to support the AU peace and security commissioner Bankole Adeoye has been awarded to a Cairo-based policy institute close to the Egyptian foreign ministry.

Ethiopia
Addis lays groundwork for new stock exchange

Addis Ababa wants its stock exchange: The Ethiopian administration is seeking external consultants to assist the newly established Ethiopian Capital Market Authority, tasked with creating a regulatory framework for the country's future stock market.