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Government-owned development finance institution Industrial Development Corporation of South Africa (IDC) has announced that its investment commitments will rise to R102bn ($14.8bn) over the next five years.

Private financing initiatives are one notable element of the African Development Bank’s more assertive role in promoting projects across the continent under Donald Kaberuka’s presidency

The African Development Bank (AfDB) is expected in July to approve its participation in the planned Sustainable Energy Fund for Africa (SEFA), which is also supported by the Danish government through Danida

The African Development Bank (AfDB) is launching the Africa Carbon Facility (ACF), designed to support low-carbon investments

International co-operation, air transport, infrastructure and energy minister Karim Wade was in Lisbon during the African Development Bank (AfDB) annual meeting to talk to donors, bankers and potential investors

The economy grew by only 1.9% in 2010 after shrinking by 0.3% in 2009. But, if stability can be maintained, it is forecast to be among Africa’s biggest GDP growth plays in coming years, writes Jon Marks

Ethiopia has staunchly defended its ambitious five-year growth and transformation plan following suggestions that the levels of debt it involves may not be sustainable, writes Michael Wooldridge

On 13 June, Tullow announced it had opened its offer for 4m shares to be listed on the Ghana Stock Exchange (GSE) at an offer price of 31 cedis ($20)/share (AE 210/19).

The International Monetary Fund (IMF)’s $3bn standby arrangement with the Egyptian government for the 2011-12 fiscal year will partly support a precarious budget loaded with the costs of the revolution against the regime of president Hosni Mubarak.

Ophir Energy plans to raise up to $400m through a London share listing to fund the drilling of 11 planned wells in four countries over the next 18 months. The listing, on the main market of the London Stock Exchange, is planned for July.

Work had started on the Tema Osonor independent power project, and major institutions had lined up debt and equity, when issues of bridge loan repayments and the failure to obtain parliamentary approval for the PPA blocked the project.

The African Development Bank (AfDB) is leading a $365m financing package to support Eskom’s effort to build a significant renewables component into its multi-billion dollar development programme

After a trial shrouded in secrecy, the criminal court in Oran has finally handed down sentences on disgraced Sonatrach president director-general Mohammed Meziane, ex-interim PDG and downstream vice president Abdelhafid Feghouli and three co-defendants, who were accused of misappropriating public funds and short-circuiting the tender process by awarding contracts on a gré-à-gré (directly negotiated) basis.

With a $181m deal, one of the largest local currency financings in an African emerging market is complete, writes Kevin Godier

Cameroon has tapped Chinese expertise and funding for two key dam projects as part of plans to triple electricity output. The Electricity Development Corporation (EDC) announced on 9 May that the construction contract for the key Lom Pangar dam had been awarded to China International Water and Electric Corporation, a subsidiary of China Three Gorges Corporation.