Rwanda and Alibaba sign an electronic world trade platform (eWTP) agreement to help boost economy.
The Rwandan government and Alibaba Group, a leading international online commerce company; have signed three (3) Memoranda of Understanding (MoU) to help boost the country’s economy.
Under the agreement, Alibaba have also established an electronic … Read More
KfW development Bank supports Nigeria’s Infrastructure development with €31 million investment.
To help boost infrastructure development in Nigeria; the largest investment bank in Europe, KfW Development Bank have invested €31 million. Receiving the €31 million investment is Infrastructure Credit Guarantee Company Ltd (InfraCredit). InfraCredit is a specialised infrastructure credit enhancement … Read More
Chad to get US$125 million developmental support from World Bank
To help support developmental projects in the Chad; World Bank have announced a US$125 million support for the Central African country.
Acoording the the Bank, the support will two frameworks. The signatories for the support agreement were Chadian minister of … Read More
Nigeria and Japan sign MoU on Infrastructure Investment.
For the promotion of quality infrastructure investment between Nigeria and Japan, both countries have signed a memorandum of understanding (MoU). Representing both countries for the MoU signing in Abuja was Nigeria’s minister of transportation Rotimi Amaechi and Japan’s State Minister of Land, … Read More
China to support African development with US$60 billion
China president Xi Jinping yesterday said the Chinese government will be financing Africa with US$60 billion. He added that Chinese companies will also invest at least US$10 billion over the next three years. He made this statement at the opening ceremony of … Read More
Tanzania will benefit from US-led initiative to invest in gas plants in Africa.
US companies will invest US $175 bn in gas power projects in Tanzania and eight other African countries. Other countries include Kenya, Côte d’Ivoire, Ghana, Nigeria, Senegal, Angola, Mozambique and South Africa.
The countries were picked for … Read More
Kenya Power will see its funding for the Last Mile Connectivity Project doubled by African Development Bank (AfDB).
AfDB gives Kenya US $30m for the first phase and second phase one of the Last Mile project money. The funds will cover 600,000 Kenyan households connected to electricity with 314,000 targeted … Read More
Kenya Government looking to lower costs of crucial projects
The government of Kenya through the Kenya Roads Boards (KRB), is in search of researchers, contractors and suppliers who will help to reduce its budgetary costs by at least 25%. Reducing the costs will enable them achieve more developmental projects.
Chair … Read More
Kenya government set to release funds for counties to develop their various areas.
The Kenya government has given the sum of Sh2 billion to counties in the country. The aim of the fund will be use for building, equipping and renovating polytechnics in the area. It will also support county … Read More
Promoter and the Nigeria government is seeking funds to develop the Ibom Deep Seaport which will drive inclusive economic growth in Nigeria and the West and Central African sub-region.
The promoters and the Nigeria government is currently seeking funds for the development of ibom deep seaport which will be located … Read More
Ghana’s manufacturing sector experiencing growth as Government addresses major industry challenges.
Ghana Statistical Service has just reported that the country’s manufacturing sector has recorded a 6.6% growth in quarter two(2) of 2017, this is a positive result when compared to 5.9% growth of quarter one (1).
The manufacturing sector which … Read More