TAZARA, the Tanzanian-Zambia Railway owner, has lured a staggering $1.4 billion investment in the form of a Public-Private Partnership (PPP) agreement between it and China Civil Engineering Construction Corporation (CCECC). The landmark agreement will upgrade the railway to world-class infrastructure and operations for maximum long-term efficiency and sustainability.
The 30-year agreement schedules a phased rehabilitation and modernization of the railway network. The initial three years will go into track rehabilitation, reconditioning of the locomotives and wagon sets, and overhauling of the overall modus operandi of the railway by CCECC. The...
Transnet has been assigned to the Department of Transport, following the removal of the Department of Public Enterprises from government structures in the new...
Benefiting from improved pricing and strong demand in wild-caught fish, the Sea Harvest Group has recorded a three percent revenue increase to R3.3 billion...
It is shocking that financial institutions that do business in Africa continue to practice financial apartheid by cutting off capital and financing to oil...
The New Development Bank (NDB) is pleased to announce a R5 billion loan agreement with Transnet, South Africa’s leading freight transport and logistics company....
COSCO SHIPPING Development has signed an investment, construction and leasing agreement for 42 bulk carriers on 30th August. This milestone marks the largest shipbuilding...