News
Africa Opts for Transport Projects To Grow Trade
NAIROBI – Mu Xuequan Transport projects are taking the bulk of investments in new infrastructure development across Africa as countries develop new trade routes, a new report by consulting firm Deloitte shows. The report, “Africa Construction Trends Report 2017,” released in Nairobi on Tuesday said the number of projects valuing over 50 million U.S. dollars increased by […]
African Economic Outlook 2018 Unveiled At AU Summit in Addis Ababa
Although African economies have been resilient to negative shocks, still poor infrastructure is a serious impediment to inclusive growth and development across the continent. This was one of the major findings of the 2018 edition of the African Economic Outlook (AEO) presented to delegates in Addis Ababa, Ethiopia at the recent African Union Summit. The […]
AfDB Calls for Investment in Infrastructure To Drive Inclusive Growth in Africa
The African Development Bank (AfDB) has called for massive investment in infrastructure to drive inclusive growth in Africa. AfDB made the call in the presentation of Economic Outlook (AEO) 2018 to African Union Summit delegates in Addis Ababa, made available to the News Agency of Nigeria (NAN) on Saturday in Abuja. The Bank said the continent was […]
Africa Needs $130BN for Infrastructure Development Annually – AFDB
The African Development Bank has revised previous estimates by more than 30% in its African Economic Outlook report for this year. ABIDJAN – The African Development Bank says that the continent needs at least US$130 billion for infrastructure development each year. It has revised previous estimates by more than 30% in its African Economic Outlook report […]
Business Aviation Taking Off in Asia, But Infrastructure May Stymie Growth
The business aviation market in mainland China has been challenging in recent years, partly due to the government’s austerity measures, but the consensus in the industry is that China’s business aviation market is starting to take off again and that Southeast Asia is experiencing some good growth too.“We are well past that [the austerity measures]. […]
