Africa is experiencing an exciting period of development in the energy and infrastructure sectors. Recently, numerous new projects have been announced, with many already underway. In this article, we will explore some of the most recent and significant energy and infrastructure projects announced in Africa
Energy Projects:
Egypt: Benban Solar Energy Complex
Investment: $3.5 billion
Completion Date: Expected by 2025
Overview: The Benban Solar Energy Complex is set to become the largest solar power plant in Africa. This project is anticipated to significantly boost Egypt’s electricity production.
Source: Benban Solar Park
Ethiopia: Gibe IV Dam
Investment: $3.2 billion
Completion Date: Expected by 2028
Overview: The Gibe IV Dam will be one of Africa’s largest hydroelectric power plants. It is expected to greatly increase Ethiopia’s electricity production and enable electricity exports to neighboring countries.
Source: Gibe IV Dam
Nigeria: Dangote Refinery
Investment: $2 billion
Completion Date: Expected by 2024
Overview: The Dangote Refinery will be Africa’s largest oil refinery. It aims to reduce Nigeria’s dependency on imported petroleum products and establish the country as a regional hub for petroleum product exports.
Source: Dangote Refinery
Uganda: Agago Hydroelectric Plant
Investment: $1.5 billion
Completion Date: Expected by 2028
Overview: Funded by the African Development Bank, this project will boost Uganda’s electricity production by 25%.
Source: African Development Bank
Angola: Cabinda Solar Energy Park
Investment: $650 million
Completion Date: Expected by 2025
Overview: This solar park will be one of the largest in Africa and is expected to meet 20% of Angola’s electricity needs.
Source: Cabinda Project
Mozambique: Mozambique-Malawi Electricity Interconnection
Investment: $400 million
Completion Date: Expected by 2027
Overview: This project will facilitate electricity trade between Mozambique and Malawi.
Source: African Development Bank
Infrastructure Projects:
Kenya: Lamu Port Project
Investment: $20 billion
Completion Date: Expected by 2030
Overview: The Lamu Port Project aims to become one of Africa’s largest ports, establishing Kenya as a key trade and logistics hub in East Africa.
Source: Lamu Port
Tanzania: Addis Ababa-Jimma Railway
Investment: $2 billion
Completion Date: Expected by 2026
Overview: This will be Africa’s longest electric railway, enhancing internal connectivity in Ethiopia and linking Addis Ababa to Jimma.
Source: Addis Ababa-Djibouti Railway
Morocco: Casablanca-Marrakech Expressway
Investment: $8 billion
Completion Date: Expected by 2025
Overview: One of Africa’s longest expressways, it will improve infrastructure and connectivity between Casablanca and Marrakech.
Source: Casablanca-Marrakech Expressway
Namibia: Walvis Bay Port Expansion
Investment: $1.3 billion
Completion Date: Expected by 2026
Overview: This project aims to double the capacity of Walvis Bay Port, turning Namibia into a regional trade and logistics hub.
Source: SeaRates
Rwanda: Kigali-Musanze Highway
Investment: $600 million
Completion Date: Expected by 2025
Overview: The highway will connect Rwanda’s western region to the capital, boosting internal transportation, trade, and tourism.
Source: New Times
Ethiopia: Addis Ababa Metro
Investment: $500 million
Completion Date: Expected by 2027
Overview: This will be Africa’s first metro system, addressing traffic issues in Ethiopia’s capital.
Source: Addis Standard
These projects are just a few examples of the latest energy and infrastructure developments in Africa. They are expected to play a crucial role in the continent's economic development and prosperity, positioning Africa as a more significant player in the global economy.
Note: This blog post is for informational purposes only and should not be considered investment advice. Please conduct thorough research before making any investment decisions.
