Bharti Airtel will sell more infrastructure in Africa to reduce debt and cut capital expenditure on passive infrastructure
Tag: Africa
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Tata Power scouts for renewable deals
To expand its clean energy portfolio, Tata Power is looking for opportunities in India as well as overseas, including in the Middle East and Africa. It has an installed generation
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Airtel to sell Africa towers
Bharti Airtel is poised to conclude a deal to sell its towers in Africa, which could help the telecom operator rake in as much as $3 billion and help reduce debt. The company has already shortlisted buyers from among four tower companies Helios Towers Africa, IHS, American Tower Corp and Eaton Towers for the sale.
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We will soon set up a Project Development Company in Africa
The formation of PDCs will look at large projects that will be built across two to three countries in Africa. Yaduvendra Mathur, Chairman and Managing Director, Export Import Bank of India,
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Exim Bank PAC in Africa this year
Exim Bank will be setting up a project advisory company (PAC) in Africa this year. The PAC will essentially look to bring infrastructure projects in Africa to a bankable stage and facilitate exports from India to Africa. This is the first time Exim Bank is looking to set up a PAC and also the first time in Africa. Opportunities for infrastructure development in Africa are huge, with a World Bank study projecting the annual investment requirement in infrastructure at $90 billion.
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Larger ships dominating busy routes: Unctad
Unctad report on maritime transport says that ships have become bigger, and the number of companies in most markets has diminished over the last 10 years. The report stated that on an average, the number of companies whose ships sail into each country has decreased by 27 per cent during the last 10 years from 22 in 2004 to just 16 in 2013.
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Exim Bank to set up project development company in Africa
Leading export lending firm Exim Bank chalks out plan to set up a project development company in Africa with multiple partners including State Bank of India.
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Going global means balancing your markets
Trade to Western Europe has come down drastically and increased substantially to the US, Africa and Asia, says David Rasquinha, Executive Director, Exim Bank.
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Bharti Airtel to use solar energy for its towers
To cut operational costs of its network, Bharti Airtel plans to use environmentally-friendly energy sources to power its telecom towers in Africa.
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BHEL starts steam turbine generator unit in Ethiopia
Government-owned BHEL said it has commissioned its first steam turbine and generator (STG) unit at a power plant in Ethiopia of Africa. The steam turbine generator set of 12 MW capacity has been commissioned at the Finchaa Sugar Factory for the plant's own use, it said.The company said that the plant will supply process steam and power to the sugar factory and the excess power will be supplied to the Ethiopian Electricity Power Company.
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