Sunday, November 8, 2026

Congo seeks $2 billion energy push, positions self as Central Africa’s gateway

Prime Minister Anatole Makosso disclosed this at the Congo Investment Day at the 2026 Annual Meetings of the African Development Bank Group in Brazzaville.

• May 28, 2026
Prime Minister Anatole Makosso
Prime Minister Anatole Makosso

The Republic of Congo says it plans to mobilise $2.031 billion to expand electricity access and drive industrial transformation. Prime Minister Anatole Makosso disclosed this at the Congo Investment Day at the 2026 Annual Meetings of the African Development Bank Group in Brazzaville.

Mr Makosso said the National Energy Compact, which aligned with Mission 300, would support agriculture, industry, transport and digital transformation in the country.

He said Congo was positioning itself as Central Africa’s multimodal gateway through investments in maritime, rail, river, road and air transport infrastructure.

According to him, projects such as the Brazzaville-Kinshasa road-rail bridge and regional transport corridors will strengthen trade and regional integration.

Mr Makosso also said Congo was investing in data centres, fibre optics and digital payment systems to build digital sovereignty in the sub-region.

Solomon Quaynor, AfDB vice-president for the private sector, infrastructure and industrialisation, said Africa faced an annual infrastructure financing gap of $70 billion to $110 billion.

Mr Quaynor said transport corridors and multimodal systems were essential for trade, mobility, regional value chains and the success of the African Continental Free Trade Area. He described Congo as strategically positioned to become an energy and logistics hub due to its hydro resources, gas reserves and transport network.

The AfDB official said the bank financed about 30 corridor projects worth $7 billion dollars between 2022 and 2024 across Africa. He added that the AfDB also supported preparatory studies for the Brazzaville-Kinshasa bridge project signed in February 2026.

Mr Quaynor called for innovative financing tools, including public-private partnerships, green bonds and blended finance, to close Africa’s infrastructure gap.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

President Bola Tinubu and Governor Douye Diri

Hot news Home top

PDP tackles Gov Diri for snubbing Tinubu in APC campaign billboards

The party accused Mr Diri of being reluctant to identify with Mr Tinubu’s re-election campaign despite defecting to the APC.

Flamingos

Hot news Home top

Flamingos make history, beat Japan to win first-ever U-17 Women’s World Cup

Despite a defeat in their group opener, the Nigerian team returned to winning ways, with six consecutive victories.

Agriculture

FG targets 600 Niger farmers for N300,000 interest-free loans

The loans are under the Government Enterprise and Empowerment Programme (GEEP).

vehicle

States

Firefighters contain vehicle fire in Ilorin

The vehicle, with registration number LAF 154 AE, caught fire while in motion on Saturday.

Man City vs Nottingham

Sport

Man City lose to Nottingham Forest as Arsenal pip Hull City to extend lead on EPL table

Jair Cunha opened the scoring in the 6th minute, while Liam Delap made it two for Nottingham Forest in the 18th minute.

Ghanian police officers

Africa

Ghana police arrest 57-year-old man for alleged shoplifting

The suspect was arrested on Thursday by the Somanya District Police Command.