A gradually improving global economy and progress toward reducing deficits in advanced economies have lowered short-term fiscal risks, yet many countries still face a long road back to fiscal health.
TEN companies have expressed interest in the construction of the multi-million dollar Bujagali dam in Uganda, reports News Vision from Kampala. Construction is expected to start next year.
The World Bank has endorsed key projects for the improvement of infrastructure in East Africa, including the construction of a power line between Nairobi and Arusha in Tanzania, and a road from Mombasa to Malaba in Uganda.
Despite a year in which a number of events on the African continent served to further entrench 'afro-pessimism', investment opportunities are still to be realised.