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Wanted: funding models that deal with Africa s infrastructure paradoxes

On the Mbei river, about 85km east of the Gabonese capital of Libreville, plans are well advanced for a 34MW “run-of-the-river” hydroelectric plant. Unlike bigger hydroelectric stations that depend on a dam, Kinguele Aval will have a modest reservoir that should, at least in theory, minimise environmental destruction. It is expected to generate enough electricity for one in six residents of Libreville, a city of about 700,000 people The $205m plant will be owned by a joint venture between Gabon’s sovereign wealth fund and Meridiam Infrastructure Africa Fund — a French investor that has 14 projects on the continent, including a biomass plant in Ivory Coast, a geothermal station in Ethiopia and a port in Nouakchott, Mauritania.

Killing the Holy Ghost: Inside the unlawful bid for env

By Kevin Bloom• 25 May 2021 From left: Lehlogonolo Masoga, the recently appointed CEO of the MMSEZ operating company. (Photo: Gallo Images / City Press / Leon Sadiki) | An impression of the MMSEZ. (Image: Limpopo Economic Development Agency) | A baobab in Limpopo, South Africa. (Photo: Gallo Images / Sunday Times / Marianne Schwankhart) | Limpopo River (Photo: Kevin Bloom | Limpopo River with elephant cows en route to Zimbabwe. (Photo: Wally Schultz) | South African currency. (Photo: Nadine Hutton / Bloomberg via Getty Images) On 1 September 2020, the draft environmental impact assessment for the R145bn Musina-Makhado SEZ was released for public comment. What followed, given the absolute devastation that the project would visit on the Limpopo River basin, were delays and about-turns that often verged on the unlawful. But on 19 May 2021, the local implementing agents for the China-backed initiative may have crossed the point of no-return a high court review is almost certain,

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