The African Development Bank and Africa Finance Corporation (AFC) join the United States and the European Union in support of Angola, the Democratic Republic of Congo, and Zambia to develop the Lobito Corridor and the new Zambia-Lobito rail line by signing a seven-side Memorandum of Understanding (MoU), on the margins […]
Year: 2023
ByLOUISE MOR & ALISON WEAL The Convention on International Interests in Mobile Equipment (the “Cape Town Convention” or “CTC”) operates within a fairly narrow area of transactional law and provides a legal framework for the secured financing and leasing of uniquely identifiable high value mobile equipment. It was adopted in […]
A whitepaper has made the case for significantly expanding rail in low- and lower-middle-income countries to reach climate goals and provide economic benefits. A whitepaper has made a compelling case for significantly expanding rail infrastructure in low- and lower-middle-income countries (LICs and LMICs), in order to reach climate goals and […]
AUDA-NEPAD’s 68th Steering Committee Meeting takes stock of progress made “As the seasons change, we are reminded that the ongoing work of transforming the continent requires innovation in how we conduct our work”, stated Ms. Nardos Bekele-Thomas, CEO of AUDA-NEPAD. The 68th Steering Committee Meeting of the African Union Development […]
The Nigerian Railway Corporation (NRC), said staff of the agency involved in ticket racketeering have been sacked, while others were demoted. The Managing Director of the NRC, Fidet Okhiria disclosed this on Wednesday before the House of Representatives Committee on Finance while appearing at the 2024–2026 Medium-Term Expenditure Framework and […]
The Managing Director of the Nigerian Railway Corporation (NRC), Mr. Fidet Okhiria, has stated that their revenue was reduced because of insecurity. He stated this while speaking before the House of Representatives Committee on Finance during an interactive session on the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper […]
The Minister of Transportation, Senator Saidu Alkali, has promised to ensure the completion and full operation of the Port Harcourt-Maiduguri rail network. The minister explained that upon completion of the rail line, Nigerians would enjoy good trade, access market, and business places easily, and also boost agricultural production and its […]
African railway stakeholders recently convened in Midrand, South Africa, to review the status of implementation of the 13 Africa Integrated High Speed Railway Network (AIHSRN) pilot projects, where they exchanged ideas on best practices and key challenges in the implementation of the priority continental railway projects. The continental workshop, which […]
Management of Nigerian Railway Corporation (NRC) has dismissed 11 members of staff for illegal collection of cash from passengers on board Ibadan to Lagos standard gauge train service. It was gathered on Friday from the company source that the former employees were dismissed after an investigation by a committee set […]
Over two years after the inauguration of the $1.5-billion Lagos-Ibadan standard gauge rail line, the Nigerian Railway Corporation (NRC) has finally begun cargo haulage from the Lagos Port Complex, Apapa Port in Lagos State, to the dry inland container port in Moniya, Ibadan, Oyo State. Former Nigerian President, Muhammadu Buhari, […]