The headquarters of the BRICS New Development Bank (NDB) will be located in Shanghai. This decision was made at the sixth BRICS Summit currently underway in Brazil. The bank’s Africa Regional Centre will be established in Johannesburg, South Africa...
South Africa has indicated its willingness and desire to offer Johannesburg as a host for the BRICS Development Bank. Trade and Industry Minister Rob Davies told the media it would be an advantage if the BRICS Development Bank was to be located in...
Nigerian finance company ARM’s infrastructure fund is expected to close mid-August, with the majority of the funding coming from pension funds. The fund will be the country’s first infrastructure fund to invest in transport, energy and...
Over the next financial year, the Department of Transport says it will focus on developing the road, rail, maritime and aviation infrastructure networks to help unlock the full potential of the economy. Addressing the Select Committee on Economic...
Foreign direct investment (FDI) inflows to Africa rose by 4% to $57 billion in 2013, driven by international and regional market-seeking and infrastructure. In Southern Africa, flows almost doubled to $13 billion, mainly due to record-high flows to...
A number of infrastructure projects in southern Africa were presented at the recent Dakar Financing Summit for implementation under the Programme for Infrastructure Development in Africa (PIDA). PIDA is a blueprint for African infrastructure...
The South African truck market has once again showed great resilience by logging another positive sales performance last month. This despite persistent unfavourable economic conditions. In addition, during the first half of the year, the industry...
Statistician General Pali Lehohla says policies and spend on infrastructure must reflect that more people are living on the fringes of metros. “As far as Gauteng is concerned, that is the Johannesburg Metropolitan Municipality, the buildings where...
The Nairobi City County government has objected to the Kenyan national governments’ 0.5 % charge levied on construction, arguing that it will scare away investors. In a letter addressed to Charity Ngilu, the Cabinet Secretary for lands, housing and...
