African Rail Company has signed a $3.6 million contract with the Indian company RITES, specialized in transportation consulting and engineering, aimed at modernizing the railway networks in Zimbabwe, Mozambique, and Botswana. As part of this agreement, RITES will provide two fully refurbished Cape Gauge ALCO diesel-electric locomotives. These equipment, suitable for the narrow gauge tracks…...
Trending
- Senegal – During his “Tera Meeting”, Ousmane Sonko: “anyone who denies hidden debt should go to prison”
- Mali-Senegal: Over 1,500 Malian containers blocked at the Port of Dakar, increasing logistical costs
- Zimbabwe has gold but its currency is worthless
- Uganda: S&P upgrades outlook to positive thanks to robust growth
- Gabon: Fitch raises strong concerns about the projections of the 2026 budget law
- “I have decided to return to Mauritania and invest with my own funds”
- CMA-CGM and MSC facing Mali: logistics put to the test by security and scarcity
- Banks: BICICI’s profit increases by 51% in the third quarter of 2025
Southern Africa: African Rail Company and Indian RITES join forces to modernize the railway network
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com