2025 a big year for the Lobito Corridor as it secures US$753 million rail financing
The United States of America (USA), through the International Development Finance Corporation (DFC) has signed a US$753 million loan agreement for the Lobito Atlantic Railway (LAR) to support the rehabilitation and operation of the brownfield mineral port in Lobito.
Comoros charts course for growth with maritime corridor
The Union of Comoros has launched a US$137 million maritime corridor and regional trade facilitation project, financed by the African Development Bank Group (AfDB).
Meta and Safaricom chart new depths in Africa’s digital connectivity
Meta, the parent company which owns Facebook and other social media platforms, has entered into a deal with Safaricom, Kenya’s largest telecommunications provider to bring its second submarine cable to the East African nation.
Subsea cable investment to expand Google’s Africa footprint
The investment seeks to reduce the cost of internet access for the average use on the continent. by Blue Africa News American technology giant Google plans to set up four new subsea cable connectivity hubs across Africa, a move expected to significantly boost internet access and digital infrastructure on the continent. The announcement was made […]
Transnet narrows losses as recovery gains momentum, experts warn of reform hurdles
Group Chief Executive Michelle Phillips notes that the company’s recovery is more than a company story. by Blue Africa News South Africa’s state-owned rail, port and pipeline company, Transnet, has reported notable improvements in its operating environment over the past year, although it still posted a loss in the period under review. The company reported […]