Gambeta News, Author at Gambeta News

Nigeria moves up 24 points in world’s ease of doing business ranking

Posted on November 1, 2017 by Gambeta News

Nigeria moves up in World Bank Business ranking According to World Bank 2018 reports, it has been confirmed that Nigeria have moved from 169th to 145th in the world’s ease of doing business ranking. Other countries who also improved their business environment through numerous reforms includes; El Salvador, India, Malawi, Brunei Darussalam, Kosovo, Uzbekistan, Thailand, Zambia and Djibouti. The countries together implemented a total of 53 business regulation reforms across 10 of the areas measured by…

SITE ENGINEER AT SUJIMOTO CONSTRUCTION

Posted on October 31, 2017 by Gambeta News

Job description Responsibilities of Site Engineer:` Day-to-day management of the site, including supervising and monitoring the site labour force and the work of any subcontractors; Hard working/fast pace of work Assuring quality of materials supplied for the project Capacity to execute instructions with speed. Resolving any unexpected technical difficulties and other problems that may arise. Acting as the main technical adviser on a construction site for subcontractors, crafts people and operatives; Setting out, leveling and…

PRICE OF PETROL TO INCREASE IN SOUTH AFRICA

Posted on October 31, 2017 by Gambeta News

Petrol prices will increase in South Africa by Next Month The South African Department of Energy have announced that petrol price will increase by 4 cents per liter in November, Also increasing will be Diesel (0.05% sulphur) by 23 cents per litre and Diesel (0.005% sulphur) by 27 cents per litre. This increase is based on South Africa’s monthly adjustment of fuel prices as affected by international and local factors. The International factor being that South Africa imports both…

CHAD BEGINS WORK ON ENERGY SCHEME AFTER 44 YEARS PLANNING

Posted on October 31, 2017October 31, 2017 by Gambeta News

Chad have officially begun work on two energy projects which it had planned for, 44 years ago. The Republic of Chad has began work on two(2) energy projects it believes would boost the country’s economy. The foundation of the twin plants was laid on 28th Oct 2017 by the country’s president Idriss Déby. The two schemes which are to be built in the northwestern Kanem region, are Sedigui oil refinery and the Rig-Rig gas treatment plant and they…

ISRAELI FIRM AWARDED NIGERIAN WATERWAYS SECURITY CONTRACT

Posted on October 31, 2017 by Gambeta News

Nigeria Employs Israeli Security Firm to Police its waterways. The Federal Government of Nigeria in a bid to check and tackle the rising rate of crime and piracy along its territorial waters has concluded plans to employ the services of an Israeli firm for the security of its waterways. The contract entails procurement of security equipment and training of the Nigerian Armed Forces especially The Navy on how best to police the country’s waters effectively. This…

BARRICK GOLD REPORTS US$11m LOSS

Posted on October 30, 2017 by Gambeta News

Barrick Gold Corporation announces US$11m loss due to Goodwill payoff agreement with Tanzania. The world’s largest mining company Barrick Gold Corporation has reported that it lost US$11m in the third quarter due to an increase of a tax provision related to a goodwill payoff of US$300m, the company agreed with Tanzania. Previously the tax provision of the company – which is the amount it agreed would be paid by its subsidiary Acacia to Tanzania was US$128 million…

CHINA ANNOUNCES PART CANCELLATION OF MOZAMBIQUE’S DEBT

Posted on October 30, 2017 by Gambeta News

China forgives part of Mozambique’s debt During a ceremony in Maputo, where Mozambique’s Deputy Foreign Minister Nyeleti Mondlane and the Chinese ambassador, Su Jian, signed various economic and technical cooperation agreements, it was announced that the interest on Chinese loans that should have been paid by the end of this year by Mozambique which amounted to 239.26 million yuans (about 36 million US dollars, at current exchange rates), have been pardoned. According to Mondlane, the debt cancellation was of…

TURKEY TARGETS US$1bn TRADING WITH GHANA BY 2020

Posted on October 30, 2017 by Gambeta News

Turkey seeks to increase its trading volume with Ghana to a billion dollars by 2020 Ghana-Turkey became Sub-Saharan Africa’s 3rd largest trading partner in 2016 with a trading volume of US$480 million, but the Ambassador of Turkey to Ghana, Nesrin Bayazit, has said that she is targeting to increase this volume to US$1 billion by 2020. Nesrin believes that with improved commitment and increased collaboration, among the two countries, the US$1 billion target can be achieved. A Joint Economic Committee…

GHANA SEEKS FOR LOWER SULPHUR CONTENT IN NIGERIAN FUEL

Posted on October 27, 2017 by Gambeta News

Ghana urges Nigeria to reduce sulphur content in its fuel The institution responsible for petroleum regulation in Nigeria have been asked by its counterpart, the Ghana National Petroleum Authority (NPA) to take measures in reducing the sulphur content in its diesel fuel to about 50parts per million(ppm). Currently Nigeria is doing 3,000ppm of sulphur content and this is considered as been toxic. According to CEO of the NPA, Alhassan Tampuli, reducing the sulphur content of Nigerian fuel will …

ALCATEL AND IOX CABLE LTD TO CONNECT SOUTH AFRICA TO MAURITIUS AND INDIA

Posted on October 27, 2017 by Gambeta News

Africa to get improved Telecommunication and Internet service through the IOX Fiber Optic Submarine Cable System. A Mauritius-based fiber optic cable company, IOX Cable Limited, and Alcatel Submarine Networks (ASN), a telecommunications firm, have commenced survey for an 8,850 kilometers Undersea IOX Cable System which is intended to be the first open access cable system, that connects Africa to the Indian Ocean Islands of Rodrigues and La Ruenion. When completed in 2019 as planned, the communication…

ZAMBIA – A STABLE ECONOMY WITH AN UNSUSTAINABLE DEBT

Posted on October 27, 2017October 27, 2017 by Gambeta News

October 24, 1964 Zambia gained independence from Britain. Fifty-Three (53) years later, we took a look into this peaceful African country. Zambia recently celebrated it’s 53rd Independence Anniversary from Great Britain on October 24th. The event highlighted Zambia’s qualities, as being peaceful while promoting unity in the Southern African Development Community. These qualities makes the economy investment attractive for it’s thriving mining industry. During the event, President Edgar Chagwa Lungu awarded and honoured ten Zambians…

Ethiopian forces clash with protesters in Oromia

Posted on October 27, 2017October 27, 2017 by Gambeta News

Ethiopian security forces kill at least 10 people as Oromo protests return to Ambo Secuity forces on Thursday fired live ammunition at protesters who had blocked roads, killing 10 and wounding 20 other in Ethiopia’s restive town of Ambo in central Oromia, according to a spokesperson for the town. The killing signals dangerous escalation as regional Oromo authorities call for meaningful implementation of the country’s federalist constitution. Ambo located in the Oromia region – the…

CROATIA

Posted on October 27, 2017March 6, 2018 by Gambeta News

IF YOU HAVEN’T VISITED CROATIA, I WONDER WHATS KEEPING YOU Croatia is a country situated in central Europe. Croatia is all about picturesque pebbled beaches, lapped by crystal clear water. There are sixteen (16) crystal clear lakes which are all connected by a network of stunning waterfalls and eight national parks, including the UNESCO-listed Plitvice Lakes and Krka, both of which are famous for their stunning lakes and waterfalls. You can take a trip to Pag island…

SWITZERLAND WINTER WONDERLAND

Posted on October 26, 2017March 6, 2018 by Gambeta News

Take that special someone for a romantic stroll around the Switzerland winter extravaganza. Switzerland Winter Wonderland provides a spectacular festive destination with something to excite people of all ages. You get to choose from one of our popular attractions, experience the thrilling rides, take a trip to Santa Land, browse the Christmas markets and enjoy the festive fare. Wintertime visitors discover a unique blend of luxury and leisure, adventure and breathtaking vistas, plentiful supply of…

SAUDI ARABIA TO BUILD US$500bn GLOBAL CAPITAL IN THE DESERT

Posted on October 26, 2017 by Gambeta News

Saudi Arabia unveils plan to build a US$500bn high tech city in the desert. The young crown prince of Saudi Arabia, Mohammed bin Salman, have unveiled plans to build a US$500bn high tech city in the mountainous desert region of the country on the coasts of the Red Sea and the Gulf of Aqaba. The 26,500-sq-km and renewable-powered city called “Neom” which is shortened from the Arabic for “new future”, will be governed by its own laws which…

Deadly attack in Libya

Posted on October 26, 2017October 26, 2017 by Gambeta News

deadly attack in Libya On Wednesday, two soldiers were killed and three wounded at a military checkpoint in northeastern Libya An eye witness Mustafa Boufjara, a spokesman for Ajdabiya’s security department said the attackers set fire to the checkpoint killing a victim in his car. Images of the checkpoint showed charred checkpoint cabins and two burned cars. A statement carried by Islamic State’s Amaq news agency,said its militants had seized a vehicle equipped with a machine gun…

AfDB Releases list of top 10 richest Francophone countries in Sub-Sahara Africa

Posted on October 26, 2017 by Gambeta News

AfDb have compiled and released a list of the top 10 richest french speaking countries in Sub-Saharan Africa. In the latest reports by the African Development Bank (AfDB), The Democratic Republic of Congo (DRC) has been considered as the country with the highest Gross Domestic Product (GDP) in Francophone Sub-Saharan Africa (SSA) in 2017. The report which listed the top 10 richest French-speaking countries in the SSA, ranked 12th richest African country in 2017, DR Congo as number…

HUAWEI LAUNCHES ICT TRAINING PROGRAM FOR AFRICAN STUDENTS

Posted on October 26, 2017 by Gambeta News

Huawei, a Chinese Tech company has officially began a program that is aimed at equipping African students with ICT skills. The program which is part of Huawei’s global Corporate Social Responsibility (CSR) platform and also its most heavily invested CSR activity is called “the Seeds for the Future program”. Last week a set of Kenyan students flew to China for a two weeks language, culture and ICT training. Their program commenced after an opening ceremony was held…

NIGERIAN SENATE INVESTIGATES ETISALAT US$1.2bn DEBT

Posted on October 25, 2017 by Gambeta News

Etisalat Nigeria, now referred to as 9 Mobile, took loan from 13 banks amounting to US$1.2bn, but failed to make repayments. The Nigerian senate in a bid to intervene in the debt crisis have directed its Committees on Banking, Communications, Capital Market and National Security to investigate the management and utilization of the loan facility. The motion which was led by Senator Adeola Olamilakan (Lagos West-APC), who hinted that the the seven-year corporate loan was acquired in 2013…

REPUBLIC OF CONGO WAIVES VISA REQUIREMENT FOR CENTRAL AFRICA CITIZENS

Posted on October 25, 2017 by Gambeta News

Republic of Congo announces all citizens of Central Africa can enter Congo without visas. The Republic of Congo has just announced that there will be no entry visa requirement for citizens of the Central African Economic and Monetary Community (CEMAC). This announcement was made on October 23, in a government communication through the Ministry of the Interior and Decentralization and stated that “all nationals of CEMAC region could enter Congolese territory without visa for any trip not…

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