RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

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 …

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NIGERIA RECEIVES €31m FROM GERMANY’S KfW DEVELOPMENT BANK

NIGERIA RECEIVES €31m FROM GERMANY’S KfW DEVELOPMENT BANK

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 …

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CHAD TO RECEIVE US$125m SUPPORT FROM WORLD BANK

CHAD TO RECEIVE US$125m SUPPORT FROM WORLD BANK

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 …

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NIGERIA SIGN MoU WITH JAPAN ON INFRASTRUCTURE INVESTMENT

NIGERIA SIGN MoU WITH JAPAN ON INFRASTRUCTURE INVESTMENT

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, …

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CHINA OFFERING US$60bn IN FINANCING FOR AFRICA

CHINA OFFERING US$60bn IN FINANCING FOR AFRICA

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  …

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TANZANIA MORE FAVORED WITH THE US$ 175bn GAS ROADMAP PROJECT

TANZANIA MORE FAVORED WITH THE US$ 175bn GAS ROADMAP PROJECT

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 …

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AfDB : US$ 30m TO CONCLUDE CONNECTIVITY IN KENYA POWER SECTOR.

AfDB : US$ 30m TO CONCLUDE CONNECTIVITY IN KENYA POWER SECTOR.

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 …

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KENYA GOVERNMENT SEEKING TO LOWER COST OF PROJECTS

KENYA GOVERNMENT SEEKING TO LOWER COST OF PROJECTS

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 …

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KENYA GOVERNMENT TO GIVE FUNDS TO COUNTIES FOR DEVELOPMENT

KENYA GOVERNMENT TO GIVE FUNDS TO COUNTIES FOR DEVELOPMENT

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 …

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IBOM DEEP SEAPORT SEEK FUNDS FOR DEVELOPMENT IN NIGERIA

IBOM DEEP SEAPORT SEEK FUNDS FOR DEVELOPMENT IN NIGERIA

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 …

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GROWTH IN GHANA’S MANUFACTURING SECTOR

GROWTH IN GHANA’S MANUFACTURING SECTOR

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 …

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