Mega Projects

EXXON MOBIL TO MAKE BIGGEST ASSETS SALE OF THE DECADE

Posted on by Gambeta News
EXXON MOBIL TO MAKE BIGGEST ASSETS SALE OF THE DECADE

Exxon Mobil plans to quit business in Europe and sell off assets in Asia and Africa. Exxon Mobil is about to make its biggest assets sale for decades. The multinational Oil and Gas company in a bid to free up cash; has put up oil and gas fields in Europe, Asia and Africa worth US$25 billion for sale. The company according to sources plans to use the freed up cash to focus on a handful…

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TANZANIA SEEKS AID FROM AfDB FOR MEGA PROJECTS

Posted on by Gambeta News
TANZANIA SEEKS AID FROM AfDB FOR MEGA PROJECTS

Tanzania turn to AfDB for Power and Airport projects funding Tanzania President Magufuli said that the country is in talks with the African Development Bank (AfDB) to finance two mega projects. These projects are Stiegler’s Gorge hydroelectric plant project and the modernization of Dodoma Airport. According to the president, the expectation is that construction of these projects will begin July. AfDB President, Mr Adesina Akinwumi said despite the country’s focus on the two projects, the bank is also…

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