The African Development Bank (AfDB) will secure USD 45mn senior loan to the Emerging Africa Infrastructure Fund (EAIF), Ghana business news agency informs. The funding will be used to support private sector infrastructure projects as well as infrastructure-related companies in sub-Saharan Africa. The loan is part of a joint financing package for USD 105 million from the AfDB and the International Finance Corporation (IFC) to EAIF aimed to facilitate the Funds operations in 2012 in areas such as power, water and waste treatment and manufacturing. This is the second loan that AfDB provides to EAIF after in 2009, the bank approved a USD 31.25mn senior loan and a USD 12.5mn standby loan facility. |
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more