CONCERNS OVER THIRD MAINLAND BRIDGE CLOSURE IN NIGERIA

CONCERNS OVER THIRD MAINLAND BRIDGE CLOSURE IN NIGERIA

The Federal Controller of Works in Lagos State has announced that resident in Lagos are getting concerned about the proposed closure of the third mainland bridge in the city. It was announced earlier this month that the bridge will be close for repairs from July 24, 2020 to January 24, 2021 as the government is left with no option than to close the bridge. Speaking to the media, The controller, Engineer Olukayode Popoola said the…

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SOUTH AFRICA’S ELECTRICITY CHALLENGES REVEAL WEAK GOVT’ POLICIES

SOUTH AFRICA’S ELECTRICITY CHALLENGES REVEAL WEAK GOVT’ POLICIES

For a leading African nation that is meant to be a shining example to other African nations, it feels so sad that they are struggling to meet the electricity demand of citizens. Over the last 13 years, various administrations in South Africa have promised to solve the electricity challenges plaguing the country. But, the situation keeps getting worse even to the point of load shedding. According to Eskom, South Africa’s primary electricity supplier, Load shedding,…

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THWAKE MULTIPURPOSE WATER DEVELOPMENT PROJECT, KENYA

THWAKE MULTIPURPOSE WATER DEVELOPMENT PROJECT, KENYA

The construction of a Thwake Multipurpose water development is taking shape after Senior Govt. officials were deployed by President Kenyatta to assess the project progress. According to report, from Kenya Presidential Delivery Unit (PDU), the first phase of the project is currently on course. It involves construction of an 80.5m high dam with 688 million cubic meter storage capacity and associated preliminary works. Meanwhile, the Phase Two will involve construction of hydropower and substation expected…

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NHC MOROCCO SQUARE TOWER CONSTRUCTION RESUME IN TANZANIA

NHC MOROCCO SQUARE TOWER CONSTRUCTION RESUME IN TANZANIA

Construction activities has resume on the National Housing Corporation (NHC) Morocco Square commercial tower following a recent loan-scheme restructure that helps to save at least 1.12bn/- a month. The project which is 90% complete has so far sold 80% of residential apartments and commercial spaces at its Victoria Place and Morocco Square in Dar es Salaam through mortgage financing according to the Tanzania’s National Housing Corporation (NHC). Deputy Minister for Lands, Housing and Human Settlement…

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DRIVE THROUGH BRIDGE CONSTRUCTION TO BEGIN SOON IN GHANA

DRIVE THROUGH BRIDGE CONSTRUCTION TO BEGIN SOON IN GHANA

The construction of a drive-through over Chemu lagoon is set to kick-off. This was announced by Metropolitan Chief Executive of Accra Metro, Mohammed Adjei Sowah. According to the major, the government plans to construct a permanent concrete bridge over the Chemu Lagoon to connect Ablekuma West and Ablekuma South constituencies in Accra. These is  after the only bridge on the lagoon was swept away. He said the the contractor has already cordoned off the area…

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LAGOS TO COMMENCE REPAIR OF LAGOS-BADAGRY EXPRESSWAY

LAGOS TO COMMENCE REPAIR OF LAGOS-BADAGRY EXPRESSWAY

Rehabilitation Work to commence on Lagos-Badagry Expressway from Mazamaza to Okokomaiko this month Lagos State Governor, Babajide Sanwo-Olu, has guarantee Lagos residents that rehabilitation work would commence on Lagos-Badagory Expressway. This will be from Mazamaza to Okokomaiko this June, 2019. Governor Sanwo-Olu, announce this during an inspection visit to Lagos-Badagory Expressway. However, talks are in progress with contractor to resume work on site. This will be after the finance are put in place according to…

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PLAN UNDERWAY FOR EXPANSION OF DUBE TRADE PORT (DTP SEZ) IN SOUTH AFRICA

PLAN UNDERWAY FOR EXPANSION OF DUBE TRADE PORT (DTP SEZ) IN SOUTH AFRICA

Expansion of Dube Trade Port Special Economic Zone (DTP SEZ) phase II in motion worth R18 billion The Expansion of Dube Trade Port is underway in South Africa. This is after funds worth R18 billion investment was unveiled as part of the second phase for Dube Trade Port Special Economic Zone (DTP SEZ). The second phase of the DTP SEZ will bring an additional 45 hectares of prime light industrial land within the port. Meanwhile, the port is one of two Special…

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NIGERIA AIRFREIGHT SUBSECTOR TO GETS BOOST WITH NEW COLLABORATION

NIGERIA AIRFREIGHT SUBSECTOR TO GETS BOOST WITH NEW COLLABORATION

Peacock Aviation and Turkish Airlines agrees lowest possible air freight rates on a wide range of general and special goods in Nigeria Nigeria Airfreight subsector is set to have a boost after top firm agreed to work together. This firm which include Peacock Aviation and Allied Services Limited will partner with Turkish Airlines Cargo. The aim is to help deliver efficient and on-time cargo services. The deal will help guarantee shippers in Nigeria the lowest possible air freight rates…

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MIIC IN TALKS WITH FINANCIAL INSTITUTION TO RAISE FUNDS IN EGYPT

MIIC IN TALKS WITH FINANCIAL INSTITUTION TO RAISE FUNDS IN EGYPT

MIIC held talks with Ministry of Transport to discuss ways of raising fund from financial institutions. Egypt Ministry of  Investment and International cooperation (MIIC) are negotiating with several financial institutions to raise funds. This funds which is worth US$2bn will be  use for transportation project in the nation. The announcement was made after the MIIC boss held a meeting with the Ministry of Transportation, Kamel EL-Wazir yesterday. During the meeting, MIIC will coordinate with the transportation…

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REHABILITATION OF BEITBRIDGE-HARARE ROAD ON TRACK IN ZIMBABWE

REHABILITATION OF BEITBRIDGE-HARARE ROAD ON TRACK IN ZIMBABWE

Beitbridge-Harare Road rehabilitation on track in Zimbabwe Rehabilitation process is on track for the Beitbridge-Harare Road in Zimbabwe. The project will help connect resident in Harare to different part of the nation. Meanwhile, It will be under the  Central Mechanical Equipment Department (CMED). The rehabilitation which is worth US$700 000 have a deadline of three-and-a-half years for completion. According to the Minister of  Transport and Infrastructural Development Joel Biggie Matiza the project will be monitor all the time. Joel Biggie…

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FRENCH PRESIDENT KICK-OFF AFRICA TOUR WITH DJIBOUTI VISIT

FRENCH PRESIDENT KICK-OFF AFRICA TOUR WITH DJIBOUTI VISIT

President Macron tours three Africa nations in four days. President Macron has kick-off his 4-days tour in Africa. He arrived Djibouti last night and meet with President Ismail Omar Guelleh. While in the country, Macron will also visit France’s largest military contingent based in Africa with its 1,450 troops. Macron will be the second French president to travel to Djibouti in 20 years, after Nicolas Sarkozy in 2010. On his next stop, is Ethiopia. The president who arrive…

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ZIMBABWE GOVT. TO SPEND US$1 BILLION ON ROADS PROJECTS

ZIMBABWE GOVT. TO SPEND US$1 BILLION ON ROADS PROJECTS

Govt. of Zimbabwe plans to spend US$1 billion on road projects under the Transitional Stabilisation Programme Zimbabwe government has approve funds for different road projects in the nation. This road project is under the 2019 Road Development Programme which is part of President Mnangagwa administration plans. The nation has been having challenges funding projects through its private-public-partnerships. This has made them switch to seek financing from the domestic market so as to help fund more projects. Meanwhile, the US$ 1…

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EGYPT PRESIDENT APPOINTS ARMY GENERAL AS NEW MINISTER OF TRANSPORTATION

EGYPT PRESIDENT APPOINTS ARMY GENERAL AS NEW MINISTER OF TRANSPORTATION

President Al-Sisi appoints military general as new Minister of Transportation after deadly Cairo Railway Station accident. Egypt President Abdel Fattah Al-Sisi has appointed Major General Kamel Al-Wazir as Minister of Transportation. This is after the deadly Cairo Railway Station accident that claimed 22 lives with 40 injured people. The appointment also see the promotion of Kamel Al-Wazir from Major General to Lieutenant General. The aim is to make the armed forces as well as other state institutions to cooperate in order to develop…

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ZIMBABWE TO GET INFRASTRUCTURE TIPS FROM INDIA EXIM BANK

ZIMBABWE TO GET INFRASTRUCTURE TIPS FROM INDIA EXIM BANK

Exim Bank of India set to promote Zimbabwe Infrastructure. India Exim Bank is making plans to share its infrastructure ideas with Zimbabwe. This is after the bank announced its plans to visit the nation with the aim to promote their export goods. The bank role will be to coordinate and act as a facilitator towards promoting project export. According to report from African Development Bank (AfDB), Zimbabwe needs over US$30 billion to revamp its aging and dilapidated…

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CONSTRUCTION OF KENYA’s DONGO KUNDU BYPASS PHASE II TO BEGIN IN APRIL

CONSTRUCTION OF KENYA’s DONGO KUNDU BYPASS PHASE II TO BEGIN IN APRIL

Kenya Dongo Kundu phase II bypass to kick-off in April of this year. The phase II construction work of Dongo Kundu Bypass will kick-off in April. This is as confirmed by  Kenya National Highways Authority Director General Peter Mundinia. According to him, Japanese consortium Fujita Corporation/Mitsubishi Corporation is in charge of construction. With the construction of the project set to be complete in 2 years with the cost worth Sh24 billion. Peter Mundinia said ”comparing to other Bridges, this one is…

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EGYPT TO STRENGTHEN COORDINATION WITH KENYA

EGYPT TO STRENGTHEN COORDINATION WITH KENYA

Egypt and Kenya to strengthen coordination after talk held between both nations. Egypt’s President Abdel-Fattah Al-Sisi held talks with Delegates from Kenya over relationship coordination. The Kenyan delegates led by Foreign Affairs Cabinet Secretary, Monica Juma talked about promoting relations between the two countries. Monica Juma during the meeting praised the success of the last AU summit in Addis Ababa as Egypt’s President led the leadership of the union. Meanwhile, the meeting tackled other regional issues, including the latest developments…

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NIGERIAN AND CANADIAN FIRM PARTNERS FOR A N7.2 BILLION TELECOM INFRASTRUCTURE DEAL

NIGERIAN AND CANADIAN FIRM PARTNERS FOR A N7.2 BILLION TELECOM INFRASTRUCTURE DEAL

Pan African Towers signs deal with Watt Renewable Corporation for Alternative Energy solution A Telecom Infrastructure deal between Nigerian firm Pan African Towers (PAT) Limited and Watt Renewable Corporation of Canada have been signed. The N7.2 billion partnership deal will see Watt Renewable providing alternative energy solutions to power Pan African Towers sites in Nigeria. These alternative energy solutions like solar and other renewable energies will replace the diesel-powered conventional generators. The telecom infrastructure deal between both companies aims to…

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IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

IFA gets fund for infrastructure development in six African nations Investment fund Africa IFA has secure US$6 billion for infrastructure development in Africa.  This IFA fund is the first phase of its drive towards infrastructure development in Africa. The deal was announced during an interview with investment fund’s chairperson and chief executive Neil de Beer. According to Neil, the lack of modernization, infrastructure and the backlog in Africa inspired the project-focused business. He also said that the…

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KENYA EXPERIENCE FALL IN INFLATION RATE

KENYA EXPERIENCE FALL IN INFLATION RATE

Kenya Inflation Rate Drops Kenya inflation rate has dropped and is already having effect on the nation’s economy. The drop in price was announced by Kenya National Bureau of Statistics.  The annual inflation rate dropped from 4.7% in January to 4.14% in February 2019. Previously, following the statistics, Kenya averaged 9.64 percent in inflation rate from 2005 until 2019. In May 2008, there was a high rate of 31.50 percent and a low record of 3.18…

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JICA NEGOTIATING DEAL WITH ELECTRICITY MINISTRY TO LAUNCH NEW PROGRAM IN EGYPT

JICA NEGOTIATING DEAL WITH ELECTRICITY MINISTRY TO LAUNCH NEW PROGRAM IN EGYPT

JICA is in talks with Egypt Ministry of Electricity to launch two new programmes. Energy is an important aspect when it comes to infrastructural development. This is why the Japan International Cooperation Agency JICA is in talks with Egypt Electricity Ministry to launch two programs. The talks were announced by JICA representative to Egypt’s Yoshifum Omura during a seminar last week. Meanwhile, the aim of the seminar is to promote energy efficiency and conservation in…

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