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Oil & Gas Sub-Saharan Africa
Uganda-Tanzania pipeline blockage
The controversial 1,444km Uganda-Tanzania pipeline – the East African Crude Oil Pipeline – is facing yet another hurdle as reinsurance companies rule out involvement in the project
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Renewables Sub-Saharan Africa
Globeleq completes debt restructuring for South African solar
Globeleq has completed a $37 million senior debt restructuring of its 11MW Aries Solar and 11MW Konkoonsies Solar plants in Northern Cape, South Africa
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Water MENA
EXCLUSIVE ACWA Power in running for Hamriyah IWP
ACWA Power is understood to be the only bidder to be progressing with the project to deliver the new Hamriyah IWP in the Emirate of Sharjah
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Telecoms Sub-Saharan Africa
Convergence set to acquire SA Datacentrix
Convergence Partners' Convergence Partners Digital Infrastructure Fund has agreed with Alviva Holdings to acquire 100% of the South African IT services company Datacentrix
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Oil & Gas Sub-Saharan Africa
CSI Energy promotes Emilien to deputy chief executive
African energy company CSI Energy has promoted former chief strategy and transformation officer Natacha Emilien to deputy group chief executive
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Renewables Sub-Saharan Africa
Neosun enters South African solar, energy storage market
Neosun Energy has ventured into the South African market to engage in commercial and industrial solar and energy storage projects with capacities ranging from 200kW to 10MW
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Transport MENA
Dubai Metro Blue Line – bidders
The Roads and Transport Authority’s procurement of Dubai Metro Blue Line is progressing with 6 consortia in the running for the design-build project and a preferred bidder to be announced this year
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Oil & Gas MENA
AFC, ITFC support Egypt with trade loan
Africa Finance Corporation has partnered with the International Islamic Trade Finance Corporation to arrange a $250 million Sharia-law compliant trade loan to the government of Egypt
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Transport MENA
Investcorp to raise $1.5bn global infra fund
Bahrain-based Investcorp is planning to raise a $1.5 billion global infrastructure fund as part of its expansion plans in the sector, focusing on transport and logistics
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Oil & Gas Sub-Saharan Africa
Shell reaches agreement to sell Nigerian onshore subsidiary
Shell has reached an agreement to sell its Nigerian onshore subsidiary Shell Petroleum Development Company of Nigeria to Renaissance – a consortium of 5 companies – for around $2.4 billion
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Renewables MENA
China Constriction Bank lists $600m green bond, UAE
The China Construction Bank yesterday listed a $600 million green bond with Nasdaq Dubai
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Transport Sub-Saharan Africa
Meridiam, AFC acquire APM Terminals Mauritania
Meridiam and Africa Finance Corporation have acquired APM Terminals Mauritania through Terminal à Conteneurs de Nouakchott from APM Terminals
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Oil & Gas Sub-Saharan Africa
NNPC issues O&M tender for Port Harcourt Refinery
The Nigerian National Petroleum Company has issued a request for expressions of interest, seeking private companies to operate and maintain the Port Harcourt Refinery in the Niger Delta
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Oil & Gas Sub-Saharan Africa
Rex engage Hannam & Partners for O&G advisory
Rex International Holding has hired independent investment bank Hannam & Partners as its exclusive corporate finance advisor for its recently awarded production sharing contract of Block 1, Sèmè Field in Benin
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Mining MENA
CMR acquires 26 mining exploration permits
Critical Mineral Resources has acquired 26 exploration permits in central Morocco prospective for copper, antimony, tungsten, lead-zinc and gold through its acquisition of Hesperis Resources
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Transport Sub-Saharan Africa
Dutch development company to build Tanzania terminal
The Zanzibar Ports Corporation has signed a concession agreement with newly founded Dutch development company Zanzibar Ferry Development Company for the development of a passenger and Ro-Ro ferry terminal in Zanzibar, Tanzania
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Renewables Sub-Saharan Africa
EAIF raises $294m in debt financing
Emerging Africa Infrastructure Fund has raised $294 million of debt facilities, over half its $500 million target for 2025 which the fund set in 2022
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Oil & Gas Sub-Saharan Africa
UPDATE: NNPC secures $2.25bn, Nigeria
IJGlobal can reveal that the Nigerian National Petroleum Corporation has secured $2.25 billion in financing in its first lending round as part of Arica Export-Import Bank’s $3.3 billion commitment to the energy company
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Transport MENA
EXCLUSIVE Bahrain Metro – indefinite soft cancellation
Sources close to the Bahrain Metro PPP say that the ministry of transport and telecoms has indefinitely postponed procurement as it conducts a “comprehensive review”