May 30 2021

Africa in Review by the Numbers (May 2021)

Review by Kili Partners . Powered by Asoko Insight

$850 million

Value of the winning bid in Ethiopia's telecoms auction. The licence was awarded to a consortium led by Kenya’s Safaricom, with Vodafone and Vodacom, as well as the UK's CDC and Japan’s Sumitomo. The consortium has committed to investing $8.5 billion in its network over the 10-year licence period.


40 MW

Generation capacity of the Khoumagueli solar project in Guinea, which becomes the country's first grid-connected PV project with the signing of a 25-year power purchase agreement. Developed by InfraCo Africa, Aldwych Africa Developments and Solveo Energie SAS, the agreement highlight's the state's commitment to green energy.
(Renewables Now)



Fall in business handled by the representative offices of foreign banks in Kenya in 2020. Hit by the disruptions in international trade and investments caused by the Covid-19 pandemic, the nine offices transacted deals worth $3.42 billion, down from $4.67 billion in 2019.
(Business Daily)


$2 billion

International Finance Corporation's investment to support small businesses in Africa and boost international trade as part of efforts to bolster the continent's recovery from the pandemic. The financing will be split between direct support to businesses and trade finance facilities.



Increase in health sector investment in Egypt. This rise is attributed to financing for outlets that deal with Covid-19 patients, especially the development of 23 lung and chest specialised hospitals, 42 fever specialised hospitals, quarantine units and central laboratories, amongst other investments across the country.
(Egypt Today)


73,000 acres

Amount of land allocated to investors in Kenya's Konza Technopolis. Phase one of the Konza project, which sits on 410 acres of land, is distributed into mixed-use (89 acres), university (39 acres), residential (26 acres) and life science (26 acres).
(Business Daily)



Year-on-year increase in the value of electronic payments made in Nigeria during the first quarter of the year bringing the total to $174 billion. Mobile money operators led the transaction growth, which was driven by Covid-related restrictions on in-person shopping.


$31 billion

Value of multilateral investment into African infrastructure in 2020, representing a decline from $55 billion in 2019 and $100 billion in 2014. Despite this downward trajectory, a new report finds encouraging signs in changing global patterns of investment and the rising role of DFIs in supporting Africa to address its infrastructure shortfalls.
(ESI Africa)


123 MW

Capacity of the Golden Valley Wind Energy project, which reached commercial operations this week. The facility is the largest of four renewable projects undertaken in South Africa by BioTherm Energy, backed by Thebe Investment Corporation. Collectively, the four investments will connect 284 MW to the national grid.
(Off-Grid Energy Independence)


$6 billion

European Investment Bank engagement in public and private investment across Africa to transform access to green energy, clean water, private sector growth and COVID-19 resilience. This represented the largest annual EIB engagement in 55 years of operations on the continent.
(European Investment Bank)



Kenyan sugar imports to be sourced from Uganda after the signing of an agreement which will see Uganda export 90,000 tonnes to its neighbour. According to the Association of Sugar Manufacturers, Uganda has seen stockpiles grow, peaking to 150,000 tonnes in the last two years due to blockades imposed on the commodity.
(Daily Monitor)


1000 km

Length of the Ghana-Burkina railway, construction of which is set to begin in January 2022. The project, which will take five years to complete, is expected to preserve Ghana's roads and accelerate the movement from the port of Tema to Ouagadougou.
(Ghana Web)


$17 billion

Amount pledged by development banks to support food security in Africa as governments aim to double agricultural production. The commitment to boost productivity, made at an event hosted by the AfDB and IFAD on 29-30 April, will be achieved through the scaling up of agro-technologies, investing in access to markets, and promoting agricultural research and development.
(EIN Expresswire)



Number of households to be linked to the electricity grid in Mozambique after the government mobilised $280 million to implement its Energy for All programme. This is following the government’s five-year target for the period 2020-2024 set to increase the number of people with electricity in their homes from 34% to 64% of the population
(ESI Africa)


600 km

Length of the $1 billion gas pipeline between to be constructed between Mombasa (Kenya) and Dar es Salaam (Tanzania). This project will enhance “energy sufficiency” with Kenya keen on importing gas from Tanzania’s nascent plant.
(Ghana Web)


Review by Kili Partners . Powered by Asoko Insight