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Nov
02
2023
By The African Mirror
Nigeria’s Lagos gets $1.35 bln deal with Afrexim, Access on investments

Nigeria’s Lagos gets $1.35 bln deal with Afrexim, Access on investments

BUSINESS
NIGERIA'S Lagos state has secured a partnership with African Export-Import Bank and Access Bank for an investment of $1.35 billion for infrastructure projects, its governor Babajide Sanwo-Olu said. Sanwo-Olu said the investment will be used to develop a bridge project, a creek project, and expand its light rail project in Lagos, the largest city in sub-Saharan Africa, with an estimated 20 million population. Lagos state last year shortlisted a consortium led by Portugal's builder Mota-Engil and two Chinese ventures to build a $2.5 billion bridge that is expected to relieve severe congestion in the mega-city. The Fourth Mainland Bridge will be…
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Jan
13
2023
By The African Mirror
Chinese workers on Africa’s infrastructure projects: the link with host political regimes

Chinese workers on Africa’s infrastructure projects: the link with host political regimes

THOUGHT LEADERSHIP
CHINA has rapidly become Africa’s most important infrastructure builder, and the footprint of Chinese construction companies is seen in cities, towns and villages across the continent. With the launch of Beijing’s “Go Global” policy in 2000, and President Xi Jinping’s Belt and Road Initiative in 2013, the volume of roads, bridges, railways, power stations and other infrastructure built by China has increased markedly. The number of overseas contracts signed by Chinese companies more than doubled from just under 6,000 in 2004 to almost 12,000 in 2019. Authors PIPPA MORGAN, Lecturer, Political Science, Duke Kunshan University ANDREA GHISELLI, Assistant Professor, School…
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Apr
04
2022
By The African Mirror
The 1,081 km road that will reshape the West African economy

The 1,081 km road that will reshape the West African economy

NEWS
PATRICK NELLE, BIRD STORY AGENCY AFRICA is ramping up efforts to upgrade connections between its main cities and hubs, through ambitious infrastructure projects led by regional blocs, with the latest project due to reach completion in 2025. The African Development Bank (AfDB) recently announced it had secured the 15.6 billion US dollars necessary to fund a "game-changing" West African highway. The East African community has 6 cross border road projects, totalling 1504 km, while Cemac - which groups central African nations - and SADC (Southern African states) also have similar programs. Meanwhile, West Africa is gaining momentum thanks to the…
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