Making the case for adoption of endowment funds
Nigeria’s GDP is growing below its population growth rate of 2.6%. The country is expected to become the third-most populous country in the world by 2050. This has serious implications for economic and human development in the absence of adequate funding. According … Read More
On Tuesday, President Uhuru Kenyatta of Kenya presided over a ground breaking ceremony of Africa’s largest Geothermal Plant. During the ceremony, He unveiled the 83.3MW Olkaria 1 Additional Unit 6 Geothermal Power Plant. The geothermal plant is the largest in Africa in terms of installed capacity. Further, ensuring Kenya’s future … Read More
China and United States to battle for influence in African infrastructure lending
New research from global law firm Baker McKenzie with data provider IJGlobal shows that development finance lending from state-backed institutions is the most important component of infrastructure funding in sub-Saharan Africa. The battle for influence on the continent Read More
The ongoing Lagos-Ibadan Rail Construction is reaching completion. Twitter user, @AdeBanqie shared these photos with the caption “If this is not
#TheNextLevel, then tell me what it is. Ongoing Lagos/Ibadan rail Construction. #FeBuhari”
The US $1.5 Billion standard gauge rail project … Read More
Shell signs gas supply and aggregation agreement for Aba Integrated Power Project (IPP)
The Shell Petroleum Development Company of Nigeria Limited (SPDC) recently signed an agreement with Geometric Power Aba Limited (GP) and Gas Aggregation Company of Nigeria (GACN). The gas supply and aggregation agreement will enable GP and GACN … Read More
Cross River Garment Factory becomes export-licenced company for Made in Nigeria clothing.
The Nigerian government through the Nigerian Export Promotion Council (NEPC) have granted Cross River Garment Factory the licence to export Made in Nigeria clothing beyond the shores of Nigeria to other parts of the world.
The Nigerian government … Read More
Marriott International agreed deal with Yamusah group to build Protea Hotel in Accra.
The hospitality sector is at the Heart of Africa’s economy development. The sector is very vital for any developing nation because it creates jobs and also drives social mobility. This is why Marriott International has agreed a … Read More
Microsoft is one of biggest company in the world when it comes to technology. It is a company that develops, manufacture, license, support and sells computer softwares, electronics and some personal computers. Microsoft believes that helping people and business throughout the world will make them realize their full potentials.
Meanwhile, … Read More
Land disputes leads to three structures demolish which is affecting residents in Kilifi, Kenya
Over the weekend, a mosque was demolished by the Kenyan Police over a dispute between two families. This dispute has so far made both parties to now have problem with the law over the property.
During … Read More
President John Magufuli unhappy with loans condition but assures that they can repay the money.
President John Magufuli is unhappy with the loan condition set by some multilateral financing agencies. According to him Tanzania has the resource to pay, but that the loan is getting to much.
The President made … Read More
Construction of State of the Art International Bus Terminal set to kick-off in Malawi.
Malawi’s capital is set to have a new state of the Art international bus terminal. This bus terminal will help reduce traffic congestion as well as make movement into the city very easy. The project will … Read More
Malawi Govt launches construction of five China-Aided community technical colleges.
Developing a community is one of the key ways of having good infrastructure in any nation. This is why Malawi and China has launched a China-Aided Community project in Malawi which will help improve lives.
Under the China-Aided Community Project, … Read More
The KADA 2018 Nigerian Society of Engineers Conference/the 51st Annual General Meeting is happening in Abuja. Therefore, the society is inviting its members, and other stakeholders to register for the conference
DETAILS OF THE KADA 2018 NIGERIAN SOCIETY OF ENGINEERS CONFERENCE
Date: 26th – 30th November, 2018.… Read More
Ghana’s President Akufo-Addo inspect and commission different projects in the state capital.
During the inspection of the Birim Oil Mill in Kade, President Akufo-Addo said; the project will enable small scale farmers to increase their cultivation of Oil palm. Meanwhile, Oil palm will serve as input for products like laundry … Read More
The Nigerian Society of Engineers (NSE); was set up in 1958 as an umbrella organization for Engineering profession in Nigeria. This is because Engineering is very vital to every nation’s development. The organization have now attained 60 years of existence, and is celebrating this feat with a commemorative colloquium.
On … Read More
Possible causes of the 7-storey building collapse in Port-Harcourt, Nigeria.
Residents in Nigeria’s Oil City of Port-Harcourt gathered in large numbers to catch a glimpse of a 7-storey building collapse. The building came down just before the close of working hours on Friday. According to a source who witnessed the … Read More
Rwanda calls for African partnership to help boost African economy.
Rwanda, the landlocked East African country recently held a Trade Facilitation and Manufacturing forum in Kigali. At the forum, Rwandan top officials stressed on the need for deeper African partnership especially between its fellow East African neighbours. The Forum served … Read More
U.S. Govt donates US$370,900 for community development projects in Zimbabwe.
In a bid to help develop more community and change lives, the US government has donated US$370,900 to Zimbabwe. This fund is from the small grant program which will be use in 17 communities from nine province.
The grant will … Read More
Africa development bank (AFDB) approve two loans for the completion of Thwake dam in Kenya.
Africa development bank (AFDB) is making wave this period with its latest offer to Kenya. After releasing its AIIF3 just a couple of days ago, the firm has also approve two loans to Kenya. This … Read More