Browsing: Infrastructure in Africa

The Republic of Equatorial Guinea is a nation on the African continent’s western coast. www.theexchange.africa

In addition to building, transportation, banking, and insurance, international firms have featured prominently in other investment sectors in the Republic of Equatorial Guinea, such as banking and finance.

  • The Republic of Equatorial Guinea is a nation on the African continent’s western coast.
  • Equatorial Guinea’s Gross Domestic Product (GDP) stood at 12.27 billion US dollars in 2021.
  • In addition to the chances presented by Equatorial Guinea as the leading ecotourism hotspot for the growth of tropical tourist activities, the nation also offers opportunities for the promotion of high-end tourism.

Equatorial Guinea’s economic profile

The Republic of Equatorial Guinea is a nation on the African continent’s western coast. The country has rich oil and gas reserves. According to official figures from the World Bank, Equatorial Guinea’s Gross Domestic Product (GDP) stood at 12.27 billion US dollars in 2021. Equatorial Guinea’s GDP constitutes 0.01 per cent of the global economy.

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  • Africa received its highest proportion of private sector investment in infrastructure in 2020 
  • African Development Bank has revealed that the greater private sector investment came as most governments contended with the Covid-19 pandemic and limited fiscal space 
  • Private sector investment in Africa’s infrastructure rose to $19 billion in 2020, representing 23 per cent, the highest since 2016

A new finding by the African Development Bank has revealed that the continent of Africa received its highest proportion of private sector investment in infrastructure in 2020.

The bank’s Vice President for the Private Sector, Infrastructure and Industrialization, Solomon Quaynor said the finding sends an important signal to governments and investors.

Quaynor said the greater private sector investment came as most African governments contended with the Covid-19 pandemic, limited fiscal space and high debt-to-GDP ratios.

He noted that private sector investment into Africa’s infrastructure rose to $19 billion in 2020, representing 23 per …

Australian Nanotech, a subsidiary of Canadian road technology company NTI Nanotech Corp., has announced that it has signed a $1.6 billion contract to construct 3,200 kilometres of roads in D.R. Congo using their proprietary green nanotechnology.

The emerging technology has been deployed around the world in several countries for the past ten years and has proven to be cost-effective, environmentally beneficial and better quality than typical alternatives.

The Province Mai-Ndombe will be one of the first regions of Sub-Saharan Africa to use this disruptive technology. 

“We are very excited to proceed with AusNanotech. Not only have they brought to us a product that is environmentally superior, they exceed required standards and for a better price,” said Mr. Paul Mputu Boleilanga, the Province’s Governor, adding Additionally the company has shown a tenacity to our country and a dedication to conducting business that benefits the citizens of my Province and the …