Gambeta News, Author at Gambeta News

700KM LOME-CINKASSE HIGHWAY SECURES PRIVATE SECTOR INVESTMENT

Posted on January 9, 2021January 9, 2021 by Gambeta News

Through its subsidiary Arise Infrastructure Services, the Singaporean Olam expressed its intention to build the Lomé-Cinkassé highway in partnership with the Africa Finance Corporation (AFC). This was disclosed last Friday by Togo’s minister of finance, Sani Yaya, in a meeting with the parliament for the adoption of the 2021 budget. An MoU of cooperation to conduct related studies and build the highway has already been signed with the Togolese government, Yaya said. The estimated cost…

COTE D’IVOIRE HONOURS DEPARTED PRIME MINISTER WITH NEW INSTITUTE

Posted on January 9, 2021January 9, 2021 by Gambeta News

The President of the Republic, H.E.M. Alassane OUATTARA, participated on Friday, January 08, 2021, in the Sofitel – Abidjan Hotel Ivoire, in the official launch ceremony of the Amadou GON COULIBALY Political Training Institute, in the presence of Several politicians and academics including former Malagasy President, Mr. Hery RAJAONARIMAMPIANINA, and former Prime Ministers Jean-Pierre RAFFARIN, Boub èye MA ÏGA and Sidya TOURE. . . The mission of the Institute, which has a subregional vocation, will…

PRESIDENT AKUFO-ADDO MAKES BIG PROMISES IN SECOND TERM INAUGURAL SPEECH

Posted on January 8, 2021 by Gambeta News

In his inaugural speech for a second term as President of Ghana, President Nana Addo Dankwa Akufo-Addo gave an indication of what he hopes to achieve over the next four years. Here are some promises the President made during his speech; Nationwide electrification The remaining fifteen percent (15%) of our communities without electricity would be covered by the end of my second term. Constructing district hospitals We have already begun constructing hospitals in the remaining…

NIGERIA IMPROVES ON POWER SECTOR REFORMS

Posted on January 8, 2021January 8, 2021 by Gambeta News

The Nigerian government is brightening it’s chances of drawing from the World Bank’s intervention support of $750 million support on mass metering and network improvement for its ailing power sector, as it has maintained a steady track in pushing for a credible market reforms in the power sector with some bold steps. Some of the bold steps includes bi-annual minor tarrif review, considering exchange rate variables and inflation rates, as spelt out by the Electricity…

R&B SINGER AKON TO FINANCE MINING ACTIVITIES IN CONGO

Posted on January 7, 2021 by Gambeta News

A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a state miner, according to a contract published by the mines ministry. Akon’s foray into Congo’s mining sector comes through a US- registered firm called White Waterfall LLC, of which he is the president and CEO, according to contracts published on the mines ministry website….

CHINA GRANTS DEBT RELIEF TO DEMOCRATIC REPUBLIC OF CONGO

Posted on January 7, 2021 by Gambeta News

China has granted some debt relief to Democratic Republic of Congo to help it overcome economic fallout from the coronavirus pandemic, the Congolese foreign ministry said on Wednesday. As a result, Congo will not have to repay its interest-free loans from China that matured at the end of 2020. The ministry did not say how much this amounted to. China has extended debt relief worth over $2 billion to developing countries under a G20 framework…

ROADS AS AN ENABLER FOR FOOD SECURITY IN ETHIOPIA

Posted on January 6, 2021January 6, 2021 by Gambeta News

Food security goes beyond ensuring a steady supply. Dependable logistics are key components necessary to move food—and production inputs—from one place to another. In Ethiopia, a landlocked country of 110 million people with 85 percent of its population engaged in agriculture, timely access to agricultural inputs is vital. The East African nation imported more than 1.4 million tons of fertilizers last year. With no direct access to the sea, Ethiopia is forced to rely on…

INFRASTRUCTURE IS A CRITICAL PILLAR OF AFRICA’S COVID-19 RECOVERY

Posted on January 6, 2021January 6, 2021 by Gambeta News

Africa remains the least connected continent and only 10 of 45 tracked African countries meet the affordability standard for internet, as recommended by the United Nations Broadband Commission. It will, therefore, be crucial for governments, the private sector, and other partners to work together to build digital infrastructure, advance digital skills development, and cultivate tech talent to bring the benefits of digital technology to millions more people across Africa. Urbanization is also transforming the continent….

BATOKA GORGE HYDRO-ELECTRIC POWER PROJECT

Posted on January 5, 2021January 5, 2021 by Gambeta News

THE Batoka Gorge Hydro-Electric Power (BGHES) whose construction is set to begin in 2022 will be a flagship project in southern Africa in terms of international best standards, the Zambezi River Authority (ZRA) has said. Zimbabwe and Zambia are working towards constructing two power stations on either side of the Zambezi River at Batoka Gorge, which are expected to generate a combined 2 400MW at a cost of about US$5 billion but the project has…

BEITBRIDGE BORDER CHAOS A SIGN OF INFRASTRUCTURE DEFICIT

Posted on January 5, 2021 by Gambeta News

Cape Town – Trucking companies diverting their vehicles from the Groblersbrug border in Botswana to Beitbridge are among the reasons for congestion at the crossing between South Africa and Zimbabwe. Long-waiting queues at the Beitbridge Border were reported, especially around the week of Christmas, during which at least four truck drivers died of dehydration. Home Affairs Minister Aaron Motsoaledi has said Botswana introduced tight lockdown regulations and a strict curfew to protect its own citizens…

UNCERTAINITIES IN THE REOPENING OF MISRATA-SIRTE ROAD, LIBYA

Posted on January 4, 2021January 4, 2021 by Gambeta News

The Libya Review reports that forces affiliated with the Government of National Accord (GNA), known as the Al-Samoud Brigade, announced on its Facebook page its complete refusal to reopen the coastal road between Misrata and Sirte. This goes contrary to the ceasefire agreement reached on October 23, 2020 in Geneva by the GNA and Libyan National Army (LNA). Both parties signed an agreement to withdraw foreign fighters from Libya and reopen the county’s roads. This…

EGYPT’S HOUSING INITIATIVE GETS MAJOR BOOST

Posted on December 29, 2020 by Gambeta News

Egypt’s President Abdel Fattah Al-Sisi directed, on Sunday, for the first phase of the Decent Life Initiative to be extended, to develop about 1,500 villages nationwide. The first phase extension will come at a cost of about EGP 500bn, and will add to the 400 villages that have already undergone development as part of the initiative. The Presidential move comes within the plan to develop all Egyptian villages within three years. President Al-Sisi’s instructions came…

INVESTORS COMPETE FOR EGYPT’S CARGO VILLAGE PROJECT

Posted on December 29, 2020 by Gambeta News

CAIRO: The Egyptian Ministry of Aviation received investment offers from Saudi Arabia and Kuwait to compete for cargo village projects at Cairo International Airport and Sphinx International Airport (west of Cairo), according to statements by Minister of Aviation Mohammed Manar. Manar said that his ministry aims to establish cargo village and logistical areas at both airports on the Cairo-Alexandria desert road, indicating that the ministry has coordinated with the investment authority to receive investment offers…

ABIY AHMED DISCUSSES LOCAL DEVELOPMENTAL PROJECTS

Posted on December 23, 2020 by Gambeta News

Ethiopia’s Prime Minister Abiy Ahmed discusses with regional presidents about the potentials of the three Federal Government projects that are going to be built in Amhara, Oromia and SNNP regions. The development of Koysha, Wenchi and Gorgora sites announced a few months ago by the Federal Government is aimed at unearthing the investment potential of each location by tapping into natural endowments. The presentations by project leads on proposed designs for each site is promising…

ETHIOPIA ENDORSES 10 YEAR DEVELOPMENT PLAN

Posted on December 23, 2020 by Gambeta News

Ethiopia recently endorses a ten year development plan with the following 10 strategic pillar; quality economic growth, inclusive prosperity, competitiveness and productivity, technology capability and digital economy, green economy and shock resilient, sustainable growth and development finance, depart the private sector to lead the economy, institutional transformation, justice and good governance, and sustainable peace development and strong regional economic cooperation. The key focus areas are multiply economic growth sources, financial sector development, doing business initiative, demographic…

TOP FINANCIER INCREASES FUNDING REQUIREMENT FOR POWER PROJECTS

Posted on December 21, 2020December 21, 2020 by Gambeta News

Standard Bank will not fund any new coal-fired power plant projects, but will continue to provide finance to thermal coal mining projects and companies if they meet certain criteria, it said on Thursday. Climate activists have been pressuring Standard Bank – Africa’s largest bank by assets – to curb its lending to the coal, oil, and gas sectors, which together accounted for around 4% of its lending and commitments in December 2019. Under a new…

BOTSWANA APPROVES PLAN FOR HUGE RENEWABLE ENERGY PROJECTS

Posted on December 21, 2020 by Gambeta News

Unveiled on Monday, the newly approved Integrated Resource Plan (IRP) shows that government plans to develop or procure 1,540MW of new generation between now and 2040. Of that amount, 1,240MW will be from renewable energy projects. “The IRP meets the country’s growing energy demand at least cost while also reducing the country’s carbon footprint,” said Mineral Resources, Green Technology and Energy Security deputy permanent secretary Nchena Mothebe in a statement. At present, most of Botswana’s…

PRESS RELEASE: THE MAINTENANCE OF THE CHIEF OF THE STATE

Posted on December 17, 2020 by Gambeta News

The President of the Republic, H.E.M. Alassane OUATTARA, met successively on Tuesday, 15 December 2020, at the Palais de la Presidence de la Republique, with the Chairman of the UEMOA Committee, Mr. BOUREIMA Abdallah, Rothschild & Cie International Vice-Chairman, Mr. Jean-Claude MEYER, and the President of the Liberal International, Dr. Hakima El Haite. Exchanges with the Chairman of the UEMOA Committee, Mr. BOUREIMA Abdallah, focused on the various UEMOA projects and preparations for the upcoming…

YOUTHS PROTEST OVER THE PRIVATISATION PROCESS OF AFAM POWER PLANT

Posted on December 17, 2020 by Gambeta News

Youths in Oyigbo Local Government Area of Rivers state, hosts to the Afam Power Station, on Tuesday protested against alleged neglect of an agreement the Federal Government reached in 2017 with host communities to the power station. The youths under the aegis of Oyigbo Local Government People’s Assembly said the concerns of their communities were sidelined during the sale of the Afam 966 Mega Watts capacity Power plant to Transcorp Plc. The Federal Government had…

NIGERIA SIGNS MOU TO POWER RURAL COMMUNITIES

Posted on December 17, 2020 by Gambeta News

The Federal Government on Wednesday signed an Output Based Fund grant Memorandum of Understanding with seven private companies for the deployment of solar home systems to power rural communities. It was learnt that parties in the agreement would also provide electricity to micro, small and medium enterprises located in areas categorised as unserved or under-served in terms of power supply. The Federal Government through the Rural Electrification Agency said the deployment of the solar home…

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