Gambeta News, Author at Gambeta News

EU GIVES GHANA A GRANT WORTH €175 MILLION.

Posted on February 1, 2018February 1, 2018 by Gambeta News

Ghana receives €175 million grant. Ghana and the European Union (EU) has come to a conclusion as regards to the agreement to support Ghana’s plan of developing the country in 7 years time with a total of €175 million. The agreement signed by Finance Minister, Ken Ofori-Atta on behalf of the West African country and the EU Ambassador to Ghana, William Hanna. €102 million from the grant will be for Ghana’s Productive Investment in Infrastructure for Agriculture…

ROMANTIC PLACES TO VISIT IN PORT HARCOURT THIS VALENTINE

Posted on January 31, 2018January 31, 2018 by Gambeta News

The season of love is here again, Valentine day; it’s a day when romantic spots and area are filled with lovebirds. So we have come up with some incredible hotspot in port harcourt that will surely make the day great. Lets light up the candles, turn up the sexy melodies, design the path of petals and enjoy the legendary affair. LIST OF ROMANTIC PLACES IN PORT HARCOURT ASIAN TOWN : Asia Town restaurant & event…

Lagos Chamber of Commerce and Industry request Petroleum Industry restrictions in Nigeria.

Posted on January 30, 2018 by Gambeta News

Ruwase warns about policy framework for the petroleum downstream segment of the oil and gas industry. The President, Lagos Chamber of commerce and Industry Mr Babatunde Ruwase expressed the need to look into the policy framework for the petroleum downstream segment of the oil and gas industry. In a statement by Ruwase, “We have concerns over the reluctance of the government to liberalize the sector and open it up to private sector participation. The concentration of…

CBN MADE US$514.4 MILLION IN TWO WORKING DAYS

Posted on January 30, 2018 by Gambeta News

CBN sold up to US$514.4 million in two trading days The Central Bank of Nigeria (CBN) in the foreign exchange (forex) market sold up to US$210m last weekend, and US$304.4m yesterday making a total of US$514.4m in two days. Therefore, the local currency has been stable for the past four days, fluctuating around N305 and N305.70 per dollar officially and N360 to N306.37 in the black market. According to FMDQ OTC security exchange data, yesterdays…

PERSEUS COMPLETES FIRST GOLD POUR AHEAD OF SCHEDULE

Posted on January 29, 2018 by Gambeta News

Perseus mining has done her first gold pure ahead of schedule Perseus mining company completed its first gold pour in Ivory Coast one month ahead of schedule. The estimated capital cost of the full development of the mine and infrastructure, amounted to $107-million. As part of the implementation of its operations readiness plan for Sissingué, Perseus has recruited an experienced operating team under the leadership of General Manager Merlin Thomas. The team has…

AFRINVEST OPPOSES IMF ON THEIR NIGERIA’S FOREX PERPECTIVE

Posted on January 29, 2018 by Gambeta News

The Group Managing Director of Afrinvest, Ike Chioke, unveils the preview of Nigerian’s economy and financial market. Afrinvest (West Africa) Limited has disagreed with a report credited to the International Monetary Fund (IMF), which said that the nation’s foreign exchange market is still deep in uncertainty. The company said such assessment of a market that has undergone series of reforms, with notable results, particularly the establishment of the Investors’ and Exporters’ Window that attracted $29billion…

MOODY’S DOWNGRADE SOUTH AFRICA’S ESKOM

Posted on January 29, 2018 by Gambeta News

Eskom recently downgraded by rating agency Moody’s. Eskom’s long term collective family rating has downgraded by the Global ratings agency Moody’s. The downgrade was from B1 to Ba3 with warning that the ratings remains under review. The rating agency pegged the downgrade to Eskom’s falling liquidity and the the ability of the government to provide balanced support to the difficulties faced by electricity parastatal. In an attempt to resolving the ongoing downgrade, a new Deputy President…

ISUZU MOTOR LIMITED OPENS A BRANCH IN KENYA

Posted on January 26, 2018 by Gambeta News

General Motors East Africa meets the required regulatory for approval by Isuzu Motor Limited. Isuzu Motor limited has currently opened an official supplementary branch in Kenya following the buyout of a 57.7% majority stake in vehicle distributor, General Motors East Africa (GMEA) in 2017. Mr Susumu Hosoi the Board Chairman of Isuzu Motors Limited said “My hope is to see Isuzu East Africa grow to be an integral location not only for the country but…

NIGERIAN BREWERIES MAINTAINS CUSTOMERS SATISFACTION

Posted on January 25, 2018 by Gambeta News

Marketing Director of Nigeria Breweries, NB Plc, Franco Maria Maggi reassures devotion to customers satisfaction. Marketing Director of Nigeria Breweries, NB Plc, Franco Maria Maggi, has said that “the company will carry on with its high quality standard and customer satisfaction strategy. Our quality brands speak for themselves and this is why we are very optimistic about the acceptance this brand will receive on its arrival to the Nigerian market. It is unique, different and…

ATTERBURY COMPLETES MAJOR PROJECTS IN AFRICA

Posted on January 25, 2018January 25, 2018 by Gambeta News

Property developer and investor Atterbury, focused to develop Africa. Lack of opportunities in South Africa because of a low growth environment, has cause Atterbury to shift its focus to Mozambique and have currently completed the first phase of the US$20m Pemba Shopping mall in Mozambique’s port city of Pemba, the capital city. Pemba Shopping, an 8,000m² centre, is a joint venture between Atterbury and TradeHold Africa. It is one of three shopping centres that Atterbury is…

KENYA SEEKS FOR US$ 22bn TO BUILD AFFORDABLE HOUSES

Posted on January 24, 2018January 24, 2018 by Gambeta News

Kenya to constuct affordable houses in fulfillment of the “Big Four” agaenda… The Kenyan government is presently aiming to get investors for a US$ 22bn project to construct affordable houses. The project is among President Uhuru’s “Big Four” policy agenda that he intend to accomplish with his team. The Principal Secretary for Housing and Urban Development Aidah Munano verifies the report and said that “the ministry was working on an incentive package to attract international…

U.S., U.K. SPEAKS AGAINST THE CLAMPDOWN OF A PEACEFUL PROTEST BY DR CONGO

Posted on January 24, 2018 by Gambeta News

U.S., U.K. condemns the crackdown of protest by DR Congo The United State and United Kingdom in a joint statement to Democratic republic of Congo (DRC), they said that “The use of disproportionate and lethal force against Congolese citizens and the cutting of internet and SMS services breached assurances from the DRC Presidency that security forces had been instructed to protect the fundamental rights of citizens while maintaining public order.” The statement also showed…

TANZANIA CHIEF JUSTICE WARNS POLITICIANS NOT TO MINGLE WITH JUDICIARY MATTERS.

Posted on January 24, 2018January 24, 2018 by Gambeta News

Chief Justice Ibrahim hamais Juma warns the government against meddling with the judiciary. Head of Tanzania’s judiciary, Chief Justice Ibrahim Hamis Juma, has warned politicians to stop mingling with matters concerning the judiciary. He was speaking at a press briefing in connection with the country’s Law Week celebrations which marks the beginning of the court calendar that “Anybody who does so will be dealt with accordingly, this is the message I want to send. We are…

KENYA PARTNERS WITH INDIA TO BUILD A MULTI-MILLION CANCER HOSPITAL AND ONCOLOGY SCHOOL.

Posted on January 24, 2018January 24, 2018 by Gambeta News

Kenya to construct a cancer hospital and oncology school. A multi-million dollars cancer hospital and oncology school is set to be constructed in Kenya after an agreement between Kenya and India is fully implemented. This initiative will eventually reduce cases of ailing Kenyans traveling to India for treatment. Following the agreement between India and Kenya a multi-million dollars cancer hospital and oncology school is to be constructed to reduce the cases of sick Kenyans traveling…

ZIMBABWE’S TOP OFFICIALS HAVE BEEN GIVEN UNTIL THE END OF FEBRUARY TO DECLARE ASSET.

Posted on January 24, 2018 by Gambeta News

Cabinet ministers and senior government officials in Zimbabwe to declare their assets. President Emmerson Mnangagwa in his fight against corruption in Zimbabwe has given the cabinet ministers and senior government officials until the end of february to declare their assets. Misheck Sibanda, chief secretary to the president and cabinet, said in a statement that it was now compulsory for cabinet ministers, their deputies, senior government officials and bosses of state-owned businesses to declare their assets….

TANZANIA’S $215M KIDUNDA WATER PROJECT TO BE INITIATED IN JULY

Posted on January 24, 2018 by Gambeta News

Tanzania’s Kidunda dam water project to commence in july. The long awaited Kidunda Dam water project in Morogoro Region in Tanzania will commence in july 2018. Negotiations between the Dar es Salaam water and Sewerage Authority (DAWASA) and the National Social Securtiy Fund (NSSF) are ongoing as the project is aimed at increasing the water supply within the Dar es Salaam and Coast region. DAWASA Acting Chief Executive Officer, Engineer Romanus Mwang’ingo, said the authority…

GHANA MAINTAINS POLICY RATE

Posted on January 23, 2018 by Gambeta News

Bank of Ghana maintains policy rate at 20% After the conclusion of the Monetary Policy Committee (MPC) meeting held yesterday (January 22, 2018) by Bank of Ghana, it was announced that Ghana’s central bank would maintain its policy rate of 20%. The Central Bank Governor, Dr Ernest Addison explained that the decision was reached to help keep inflation at a stable rate. He further added that a trend decline in the headline and core inflation allowed for a 550 basis…

ZIMBABWE PETROL AND DIESEL PRICE TO DROP VERY SOON.

Posted on January 23, 2018 by Gambeta News

Zimbabwe to cut import tax on fuel. The government official said in a statement that “Zimbabwe has cut its import tax on petrol and diesel by as much as 17%, the first time it has done so since it adopted the U.S. dollar in 2009, in a bid to lower the pump price for motorists.” Motorists in Zimbabwe pay more for petrol and diesel than most southern African nations. The price of petrol is $1.41…

TECHNOLOGY ; A TOOL AGAINST CORRUPTION..

Posted on January 23, 2018January 24, 2018 by Gambeta News

Technology has proven to be better way to fight corruption. Corruption affects not just the financial level of the country but also the social level of a country reducing citizen’s trust in organisations. Technology has proven to be better way to fight corruption, in Benin for example, a youth group set up an app to fight the scourge called Anticorr meaning “anti-corruption”. It is a device that allows to denounce acts of corruption and will provide…

FIVE MAJOR AIRPORTS IN NIGERIA TO BE REMODELED.

Posted on January 23, 2018 by Gambeta News

Nigeria to remodel major airports in the nation. The Federal Government said yesterday that Nigerian airports will start wearing a new look with the plans to construct five new terminal buildings across the nation’s airports to make them align with international standards. Minister of Aviation Mrs. Fidelia Njeze said this while declaring open the 19th edition of the Airport Council International (ACI) Conference and Exhibition, Africa Regional in Abuja. She said Federal Government was determined…

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