From Africa Recovery, Vol.14#2 (July 2000), Briefs page

South African state enterprises to invest $1 bn in Africa

Two South African state enterprises, the power-generating firm Eskom and transport giant Transnet, plan to invest more than $1 bn in other African countries over the next five years. Public Enterprises Minister Jeff Radebe announced in late May that Eskom expected to invest some $445 mn in West Africa, $86 mn in North and Central Africa, $245 mn in East Africa and $240 mn in Southern Africa. The investments represent a major expansion for the company, which already generates about half of sub-Saharan Africa's electricity.

Transnet's rail division, Spoornet, will actively participate in the leasing of Zambian and Tanzanian railways when bidding for management contracts is opened later this year. The company has begun talks with the Nigerian, Ghanaian and Guinean governments about involvement in their railways.

[Back to index] [To Volume14#2 -- full graphics]

Material from this article may be freely reproduced, with attribution to "Africa Recovery, United Nations".
We would appreciate a copy of the reproduction.

Africa Recovery
Room S-931
United Nations
New York, NY 10017 USA

Tel: (212) 963-6857
Fax: (212) 963-4556
Email: africa_recovery@un.org

Website: www.africarecovery.org
Contact us by email: africa_recovery@un.org