Kalangala Infrastructure Services (KIS) has started $45m (about sh102.6b) development projects in Ssesse Islands. The area is made up of 84 islands.
The firm will construct and operate two ferries, build a 1.6-megawatt solar plant, upgrade the 66km main island roads and develop a water supply system in Kalangala, according to John Opiro, the managing director. Read more »
AFC Supports Wind Power in Cape Verde
Invests in €61 million renewable energy project
Lagos, 27 July, 2010 –The Africa Finance Corporation (AFC) has invested in the development of a landmark wind power project in Cape Verde. AFC has made a significant equity investment in Cabeolica SA, the company set up to build, own and operate the project. Read more »
Accra, March 29, 2010—InfraCo Ltd. signed an agreement today with the Africa Finance Corporation (AFC) and Cenpower Holding Company Ltd to sell a 46% controlling stake in Cenpower Generation Company Ltd and its $450 million power plant under development in Tema, Ghana.
InfraCo, a publicly funded infrastructure development group, was established four years ago to support the identification and development of infrastructure investments and attract increased private sector investment in frontier markets including Sub Saharan Africa. Read more »