TANZANIA MINISTER HAPPY WITH CONSTRUCTION PACE OF OFFICES BUILDING

TANZANIA MINISTER HAPPY WITH CONSTRUCTION PACE OF OFFICES BUILDING

Minister happy with progress of office building construction as part of plans to relocate to the state capital in Dodoma.

Construction of water and irrigation ministry office is moving at a steady pace according to the minister. During his visit, the minister express his excitement about the pace of the …

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GHANA MAINTAINS POLICY RATE

GHANA MAINTAINS POLICY RATE

Bank of Ghana maintains policy rate at 20%

After the conclusion of the Monetary Policy Committee (MPC) meeting held yesterday (January 22, 2018) by Bank of Ghana, it was announced that Ghana’s central bank would maintain its policy rate of 20%.

The Central Bank Governor, Dr Ernest Addison explained that …

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MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

Quarterly meeting held by Ghana’s Central Bank’s Committee on Monetary Policies to review the country’s economy.

Bank of Ghana committee on monetary policies met on the 19th of January 2018 for its quarterly meetings to review Ghana’s economy. The meeting which is the first for this year will be concluded …

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GERMANY PROVIDES US$27m FOR ENERGY ISSUES IN NIGERIA

GERMANY PROVIDES US$27m FOR ENERGY ISSUES IN NIGERIA

Nigeria to get US$27m from Germany to tackle energy issues.

According to German Ambassador to Nigeria, Bernhard Schlagheck, The German government has provided a total of US $ 27m to Nigeria, to address energy and climate change issues in the country.

The sponsorship which is termed Nigerian Energy Support Programme …

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MOROCCO AWARDS CONSTRUCTION OF PUMPED STORAGE HYDROELECTRIC PLANT

MOROCCO AWARDS CONSTRUCTION OF PUMPED STORAGE HYDROELECTRIC PLANT

VINCI Construction company to build pumped storage hydroelectric plant in Morocco.

The Moroccan government has awarded the contract to construct a US$346m pumped storage hydroelectric plant (PSP), near Agadir to a French-based company VINCI Construction company.

The project which is part of the development and integration plan for renewable energies, …

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UPGRADE OF SOUTH AFRICA’S SOWETO BRIDGE COMMENCES

UPGRADE OF SOUTH AFRICA’S SOWETO BRIDGE  COMMENCES

Owing to the over-topping during heavy rainfall, the Johannesburg Roads Agency (JRA) have kicked off reconstruction work on the soweto bridge over Klipspruit river, in Soweto.

According to statement by JRA, the bridge in Klipspruit West is known to bring traffic to a halt during heavy downpours, rendering it unsafe …

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GHANA CARGO TRAFFIC REACHES 21m METRIC TONNES

GHANA CARGO TRAFFIC REACHES 21m METRIC TONNES

Ghana records positive increase in its cargo traffic.

Reports from Ghana Ports and Harbours Authority (GPHA) revealed that a total of 21million metric tonnes of cargo was handled in 2017, which exceeded the set target of 20million metric tonnes, a 2million metric tonnes increase over the 19million metric tonnes recorded …

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NIGERIA MAKES N150bn FROM PADDY RICE PRODUCTION

NIGERIA MAKES N150bn FROM PADDY RICE PRODUCTION

Paddy rice production increases from 5m tonnes to 17m tonnes in 2 years.

The Minister of Agriculture and Rural Development,  Chief Audu Ogbeh in a meeting with the governor of Plateau state Gov. Simon Lalong, said that “the production of rice paddy improved from 5 million to 17 million tonnes …

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SAMSUNG: TAX INCENTIVES PREREQUISITE FOR NAIROBI ASSEMBLY PLANT

SAMSUNG: TAX INCENTIVES PREREQUISITE FOR NAIROBI ASSEMBLY PLANT

Tax incentives needed as prerequisite for setting up Samsung assembly plant in Kenya

Korean electronics firm Samsung, has requested for tax concessions and safeguards against counterfeit imports as a prerequisite for opening its assembly plant in Kenya.

The president Samsung electronics Africa, Sung Yoon on Monday said state incentives in …

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AfDB REWARDS NIGERIA AS LARGEST REGIONAL SHAREHOLDER

AfDB REWARDS NIGERIA AS LARGEST REGIONAL SHAREHOLDER

AfDB sets up state-of-the-art ‎office complex, to consolidate Nigeria as largest regional shareholder.

According to the communications department of the ‎African Development Bank (AfDB), the bank‎ has rewarded Nigeria as the bank’s largest regional shareholder by setting up a state-of-the-art ‎office complex, which will be commissioned by President Muhammadu Buhari …

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STANDARD GAUGE RAILWAY CONSTRUCTION AGREED BY TANZANIA AND RWANDA

STANDARD GAUGE RAILWAY CONSTRUCTION AGREED BY TANZANIA AND RWANDA

Tanzania and Rwanda to combined in the construction of a railway that will cost between US$800 to $900 million when completed.

The construction of the project which is expected to start from Isaka (northwestern Tanzania) to Kigali in Rwanda was put into motion after Rwandan President Paul Kagame toured Tanzania …

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