Business News of Wednesday, 13 November 2019Source: laudbusiness.comAfreximbank, Thelo DB sign MoU for railway development in AfricaFile photoThe African -Export Import Bank (Afreximbank) and South Africa-based Thelo DB Proprietary Limited have on Tuesday November 12, 2019 in Johannesburg, South Africa, signed a memorandum of understanding (MoU) to develop, finance and operate railway projects in Africa. Thelo DB was committed to delivering unparalleled know-how and experience in the African railway sector and to providing railway infrastructure development, operational cooperation and construction supervision by implementing, and rehabilitating existing infrastructure, enhancing operational efficiencies and managing risks associated with rolling stock while transferring skills through training and skills development programmes, explained Mr. Ntuli. According to him, by bringing separate but complimentary sets of specialities, Afreximbank and Thelo DB anticipate much improved efficiencies in the development, financing and operation of railway infrastructure projects, enhancing regional skills and supporting broader economic development on the African continent. Thelo DB is an incorporated partnership between Africa’s industrial group, Thelo and the leading European railway conglomerate, Deutsche Bahn E&C (DB). The Company brings unmatched capacity to the African railway sector, supporting development of new railway corridors, including the opportunity to expand existing infrastructure and enhancing operational efficiencies of prevailing networks.

Source: GhanaWeb November 13, 2019 00:32 UTC