LARGEST AIRPORT IN AFRICA

LARGEST AIRPORT IN AFRICA

Ethiopia plans to commence building Africa’s largest airport at $5 billion within six months.

 

The new airport will be 70 kilometers from the existing Bole International Airport in the capital Addis Ababa, and can handle as many as 100 million passengers yearly. This expansion would elevate Ethiopia to compete

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KENYA COMMENCES THE MERU WIND ENERGY PARK PROJECT

KENYA COMMENCES THE MERU WIND ENERGY PARK PROJECT

Construction of wind power project kicks off in Meru.

The wind power project is calculated to generate 80 Megawatts (MW), which will be enough to supply electricity to 200, 000 households as well as strengthen the local economy. According to Windlab ( a global renewable energy provider), the project will

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SOUTH AFRICA ACCEPTS PRIVATE POWER GENERATION

SOUTH AFRICA ACCEPTS PRIVATE POWER GENERATION

South Africa settled to allow businesses to generate their own electricity.

South Africa made the decision due to the growing disappointment business faced as a result of the constant power outages in the country. The outages has affected economic output and weakened investor confidence in one of Africa’s most industrialized

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EGYPT AND SUDAN KICKS OFF ELECTRICITY INTERCONNECTION PROJECT

EGYPT AND SUDAN KICKS OFF ELECTRICITY INTERCONNECTION PROJECT

Egypt and Sudan will to begin the project to link both national grids.

The project which is expected to operate at a total capacity of 50MW and further rise to a total capacity of 240MW by the end of this year.

Sudan has offered USD20 million of the USD31.74 million

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TANZANIA: RUSUMO HYDRO POWER PLANT ALMOST COMPLETE

TANZANIA: RUSUMO HYDRO POWER PLANT ALMOST COMPLETE

Rusumo 80MW hydroelectric power station is 59% complete.

The construction of Rusumo Hydroelectric Power Station to generate 80MW has now reached 59% compared to 32% in June last year. The revelations were made by the outgoing chairman of Energy Ministers from Tanzania, Burundi and Rwanda, Tanzanian Minister for Energy, Dr

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GHANA KICKS OFF THE CONSTRUCTION OF NINGO SEA DEFENSE WALL

GHANA KICKS OFF THE CONSTRUCTION OF NINGO SEA DEFENSE WALL

Ghana lunches the construction of USD 69 million on the shores of Ningo-Prampram District.

The President of Ghana, Nana Addo Dankwa Akufo-Addo who was present at the lunching ceremony said the project is aimed at reducing erosion and flood due to the tidal waves in the coast.

The project which

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KENYA: LOCUST SWARM THREATENS FOOD INSECURITY

KENYA: LOCUST SWARM THREATENS FOOD INSECURITY

Swarms of desert locusts have spread from Ethiopia and Somalia into eastern and northern Kenya.

The locusts started crossing into Kenya towards the end of December, 2019 destroying pastures in semi-arid counties mainly occupied by herder communities.

They have since spread to the counties of Garissa, Isiolo and Samburu to …

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ZAMBIAN COPPER MINE BAGS USD 1 BILLION CANADIAN CONTRACT

ZAMBIAN COPPER MINE BAGS USD 1 BILLION CANADIAN CONTRACT

Canada’s First Quantum budgets $1 billion for Zambian copper mine expansion.

Canadian miner First Quantum Minerals Ltd is weighing investment of around $1 billion to lift output at Africa’s biggest copper mine in Zambia, despite a feud with state miner Zambia Consolidate Copper Mines Investment Holding (ZCCM-IH) over project funding.

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ETHIOPIA: ADDIS-ABABA NULLIFIES 1,178 INVESTMENT LICENSES

ETHIOPIA: ADDIS-ABABA NULLIFIES 1,178 INVESTMENT LICENSES

Addis Ababa City Administration Investment Commission has nullified a total of 1,178 investment licenses for failure to kick-off the projects.

Ethiopia’s investment law demands that any project that fails to commence, the licence will be void. Hence, Addis Ababa City Administration Investment Commission standing by this law has revoked 1,178

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KENYA LOSSES USD 39 MILLION ADVANCE PAYMENT ON ITARE DAM

KENYA LOSSES USD 39 MILLION ADVANCE PAYMENT ON ITARE DAM

Kenya investigates USD 39 million spent on the failed Itare Dam project.

Rift Valley Water Works Development Agency (RVWWDA) is currently facing investigations from the Directorate of Criminal Investigations over the alleged graft in the USD 39 million failed Itare Dam Project. The agency had awarded CMC Di Ravenna

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USD 18 BILLION LNG BRASS TO BE RE-EVALUATED

USD 18 BILLION LNG BRASS TO BE RE-EVALUATED

Senator Biobarakuma Degi-Eremienyo moved a motion to assess the USD 18 billion LNG Brass project.

After appropriate consideration of the motion raised by the senator representing Bayelsa East, Biobarakuma Degi-Eremienyo among 26 other senators, the National House of Assembly has agreed to review the 15 years old uncompleted Brass project.

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CONSTRUCTION OF THE UPSA TWIN TOWER AND HOSTEL PROJECT BEGINS

CONSTRUCTION OF THE UPSA TWIN TOWER AND HOSTEL PROJECT BEGINS

UPSA twin tower and hostel project is aimed at increasing the population of students in the school.

The University of Professional Studies Accra (UPSA) has commissioned the USD 41 million project to upgrade the teaching and learning facilities as well as to increase the population of students in the school.…

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NIGERIA: FEDERAL EXECUTIVE COUNCIL HAS APPROVED MONEY FOR THE CONSTRUCTION OF ROAD IN THREE DIFFERENT STATES

NIGERIA: FEDERAL EXECUTIVE COUNCIL HAS APPROVED MONEY FOR THE CONSTRUCTION OF ROAD IN THREE DIFFERENT STATES

Federal Executive Council approves USD 53 million for road projects in the FCT, Oyo and Kano States.

The Minister of Works and Housing, Mr. Babatunde Fashola, revealed to the State House correspondents that the road construction project for the three states has been approved.

 “The second memorandum we presented was

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LESOTHO HIGHLANDS WATER PROJECT TUNNEL RESTORED

LESOTHO HIGHLANDS WATER PROJECT TUNNEL RESTORED

Installation of equipment for the Lesotho Highlands Water Project (LHWP) has been completed.

The highway tunnel was shut down for inspection and maintenance purposes from October to November 2019 during which water usually transferred to Vaal River System is cut off.

The project which happens to be a joint venture …

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AFRICA’S FIRST SILICON VALLEY

AFRICA’S FIRST SILICON VALLEY

Rwanda will host Africa’s first Silicon Valley.

Kigali the capital of Rwanda is becoming one of Africa’s fastest developing cities with groundbreaking infrastructural facilities boosting the country’s economy. The Eastern African country as of late propelled Africa’s first electronic cross fringe exchange stage in collaboration with Alibaba Group’s Electronic World …

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GHANA SKY TRAIN PROJECT TO KICK OFF SOON

GHANA SKY TRAIN PROJECT TO KICK OFF SOON

Ghana signs the Concession Agreement for the construction of the Accra Sky Train Project.

With the concession signed, feasibility studies for the project will kick off. The project is first of its kind to be witnessed in Ghana and will enhance smooth and fast transportation.
The decision to construct the …

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THE MOU FOR AFRICA’S RAILWAY NETWORK CONCLUDED

THE MOU FOR AFRICA’S RAILWAY NETWORK CONCLUDED

Afreximbank and Thelo DB signs the MOU for the construction of Africa’s railway network.

The Memorandum of Understanding signed during the African Investment forum in Johannesburg will enable both parties to finance, develop and operate the railway network across Africa. The project will remodel the current railway network to a …

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EQUATORIAL GUINEA USD100 MILLION SUBSEA GAS PIPELINE

EQUATORIAL GUINEA USD100 MILLION SUBSEA GAS PIPELINE

Saipem will construct the 70 kilometer sub-sea pipeline linking Alen Platform with the Punta Europa petrochemical hub.

A statement from the ministry confirmed that it had approved the US $100m contract for Italy’s Saipem to build the gas processing unit serving the Alen field.

The ministry has also approved the …

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