FUND Archives - Gambeta News

ZIMBABWE GOVT. RELEASE US$1.5B FOR ROAD REHABILITATIONS

Posted on February 16, 2022 by Gambeta News

Zimbabwe treasury department has released US $1,5 billion from this year’s National Budget for roads rehabilitation, as the Second Republic continues to ensure roads are trafficable after damages caused by heavy rains that hit most parts of the country. Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa, said US$1 billion had been released towards the Emergency Road Rehabilitation Programme 2 (ERRP2), while $500 million goes to the District Development Fund (DDF) to respond to weather-related…

CHINA PLANS TO SUPPORT ZIMBABWE WITH FINANCIAL FUNDS

Posted on September 24, 2019 by Gambeta News

Financial support at the heart of China plans for Zimbabwe development. China is set to raise fund for Zimbabwe development. This funds which is worth US$2.1 billion will increase development aim as well as improve on the current exiting funds. In 2018 alone, Zimbabwe benefited from different grant as well as the foreign direct investment (FDI). As China is the only country that has done most for Zimbabwe through provision of grants and loans. China’s…

CONSTRUCTION DEAL BOOST HOUSING IN YOBE STATE, NIGERIA

Posted on August 21, 2019 by Gambeta News

Gov buni sign deal with Family Homes Fund for the construction of 2600 housing units in the state. Governor of Yobe State, Mai Mala Buni has signed a deal with management of Family Homes Fund for the construction of 2600 housing units. This housing unit will be spread across Yobe State so that people can benefits from it. Speaking during the signing ceremony held at the Yobe Governor’s Lodge, Asokoro, Abuja, Governor Mai Mala Buni…

WORLD BANK TO INVEST US$300M INTO GHANA COCOA INDUSTRY

Posted on August 14, 2019 by Gambeta News

World Bank making plans to invest in Ghana Cocoa industry. Cocoa is Ghana chief agricultural export and cash crop. This is why the World Bank is investing fund to help shore up production of the crop over the next five years. The project which is under the Cocoa Sector Value Chain Project will increase productivity levels of cocoa farmers as well as promote value addition. Meanwhile, farmer production level will increase from the current 300…

FCDA SAYS NIGERIA NEEDS US$3TRN TO SOLVE INFRASTRUCTURE DEFICIT

Posted on August 7, 2019 by Gambeta News

Federal Capital Development Authority says nigeria need US$3trn but can they manage and use the money wisely to solve this problem if they eventually get the fund? Federal Capital Development Authority (FCDA) announced in Abuja that Nigeria needs US$3trn to solve their infrastructure deficit problem. This fund will be for the next 30 years according to FCDA Executive Secretary Umar Gambo Jibrin. According to Jibrin while address a keynote at the head office, Nigerian Society…

PICTURES OF AFRICA50 INFRASTRUCTURE EVENTS IN RWANDA

Posted on July 10, 2019 by Gambeta News

Africa50 is an infrastructure investment platform that contributes to Africa’s growth . This is through developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. The two-day General ShareHolder Meeting is from 9-10 july in Kigali, Rwanda. Want to know more about what we do @Africa50Infra? Watch our latest corporate video, which was unveiled this morning at the Opening Ceremony of our #A50GSM2019 this…

AFDB PREPARE FINANCIAL PACKAGE FOR ZIMBABWE

Posted on June 17, 2019 by Gambeta News

AFDB to prepare financial package for Zimbabwe after impressive economic reform Africa development Bank has set up a plans to help Zimbabwe. The financial package comes as a result of the nation impressive political and economic reforms. Speaking during the 54th Meeting of Boards of Governors of the AfDB, Dr Kapil Kapoor confirmed the package. According to him the bank are happy with the reform after meeting with Minister Professor Mthuli Ncube. Dr Kapil Kapoor…

MOZAMBIQUE PRESIDENT CALLS FOR RECONSTRUCTION FUND

Posted on June 3, 2019 by Gambeta News

President Nyusi calls for speed in disbursing Reconstruction funds. Mozambique President Filipe Nyusi has ask funding agencies to disburse promised fund for reconstruction work. Speaking during the international post-cyclone pledging conference held in Beira, President Filipe stressed the urgency of putting the promised financing to work. According to the President Nyusi, ”It is crucial to simplify the methods of disbursing the funds. Because the value could be larger, but when the modalities of delivering it…

KENYA REQUEST US$750M FROM WORLD BANK FOR DEVELOPMENT

Posted on May 28, 2019 by Gambeta News

Kenya Government request US$750million from World Bank for infrastructural developments Kenya Government has ask for fund from the world bank for development of different infrastructure. The fund will be use to provide affordable housing, agriculture and other projects. The request is worth US$750million. The request is the first time in more than a decade that Kenya has ask for loan from the bank. According to the project document on the bank’s website, the loan will…

ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

Posted on May 27, 2019 by Gambeta News

Ghana sign deal with Ethiopian Airline to establish a national airline in Accra. Ethiopian Airline has sign a deal with Ghana government to establish a national airline in Accra. The deal is a joint investment from the Ghanaian government, the private sector, and the Ethiopian airline. According to the deal, the ownership of the Airline will consist of three structures. This structures are Ghanaian government having 10%, private investors from West Africa having 415 while…

NIGERIA GOVT. REQUEST FRESH LOAN FROM CHINA EXIM BANK

Posted on May 24, 2019 by Gambeta News

Chibuike Rotimi Amaechi say nigeria to request fresh loan form china exim bank Nigeria has requested a loan from China Exim Bank for the construction of a coastal line. The fund which is worth US$ 1.8billion will help the completion of the project according to Minister of Transportation. The actual cost of the project is US$ 2billion while Nigeria is to pay US$ 500 million as counterpart fund. According to Minister Chibuike Rotimi Amaechi, the…

VANDALISATION OF ELECTRICAL EQUIPMENT AFFECTING KENYA POWER

Posted on May 14, 2019 by Gambeta News

Kenya Power spends Sh5.5 billion on installation of electricity due to vandalism. Kenya Power has announced that the constant vandalism of electrical materials is affecting them. This has result in the distribution company spending Sh5.5 billion in installation of street lights in Nairobi alone. The distribution company has make sure that all areas within the city have light but the vandalism are reversing the gains. This has result to the stealing of transformers, street lamps…

INVESTORS TO INVEST IN CBE TREASURY-BILLS

Posted on May 9, 2019 by Gambeta News

Central bank of Egypt (CBE) to offer 23 investors treasury bills (T-bills). Over twenty-nine foreign and domestic investors has offer to invest in the Central bank of Egypt (CBE) treasury bills (T-bills). The T-bill which was issued out this week will allow bank to subscribe with a minimum of US$100,000. Central bank of Egypt offer the investor the deal on behalf of the ministry of finance. The interest rate on this bills is based on…

IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

Posted on March 5, 2019March 5, 2019 by Gambeta News

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…

WEMA BANK SECURES US$35m CREDIT TO FUND SMEs

Posted on March 28, 2018 by Gambeta News

Wema Bank gets US$35m Line of Credit to support SMEs. Wema Bank Plc have secured a line of credit (LOC) from international lenders. The LOC is specifically to grow financial support for small and medium scale enterprises (SMEs) in Nigeria. The bank received US$15 million and US$20 million from African Development Bank (AfDB) and Islamic Corporation for the Development of the Private Sector (ICD) respectively. Wema Bank pioneered Africa’s first fully digital bank ALAT. According to its Managing Director,…