Highlights of interesting activities at the Fidic-Gama 2019 conference in Kampala Uganda.
The 26th FIDIC-GAMA Infrastructure Conference in Kampala Uganda was littered with lots of interesting activities. The 3 days (12th – 14th May 2019) International conference organized by the Uganda Association of Consulting Engineers (UACE) and … Read More
MTN Nigeria completes registration of 20.345 billion ordinary shares with SEC.
MTN Nigeria on Tuesday (7th May, 2019); announced that it has finally completed registration with the Securities and Exchange Commission (SEC). The Telecoms giant registered 20.345 billion (20,354,513,050) ordinary shares of N0.02 each. According to Ferdi Moolman, the Chief … Read More
Gambia gives license of disputed A1 offshore block to BP Plc
Amidst dispute for the A1 offshore block in Gambia; the Gambian government recently announced the signing of an oil exploration deal with BP Plc.
BP Plc is a British multinational oil and gas company with operations in 70 countries … Read More
Cross River state partners with Sirieco Company to build Cross river state electric car plant
There will soon be a Cross River state electric car plant. According to the Chief Executive Officer of Sirieco Company, Mr. Groidis Peter; the government of Cross River state plans to establish an electric car … Read More
ECOWAS and UEMOA plan to prioritise mostly investments in transport and energy sectors.
At a recent European External Investment Plan meeting in Accra, Ghana; the Economic Community of West African States (ECOWAS) and West African Economic and Monetary Union (UEMOA) said; it wishes to prioritise investments in the transport and … Read More
US EXIM Bank supports Ghana’s industrialization with US$300 million
Ghana’s industrialization through the One-District One-Factory (1D1F) program; have received a support of US$300 million from The Export-Import Bank of the United States (US EXIM).
The Export-Import Bank of the United States (US EXIM) and Ghana Export-Import Bank (GEXIM); recently signed … Read More
Kenya’s data centre and highway gets US$666m China funding.
A data centre and highway in Kenya have received 67.5 billion shillings (US$666 million) as funding from China. The funds were issued at Beijing where Kenya’s President Uhuru Kenyatta attended the second Belt and Road Forum.
… Read More
Seplat teams up with NNPC to improve gas production in Nigeria.
Seplat Petroleum Development Company recently announced that it is partnering with Nigeria National Petroleum Corporation (NNPC); to raise US$700 million for a gas development project.
The US$700 million is for a joint gas project in Imo state; which will … Read More
MTN Nigeria converts to Plc so as to list on the Nigerian Stock Exchange
MTN Nigeria recently announced its conversion from a Private company (Ltd) to a Public Limited Company (Plc). In a statement released on Wednesday April 24 2019; the telecom company, now MTN Nigeria Communications Plc gave reason … Read More
NNPC reduces its cash call arrears to JV partners by US$1.5 billion
The Nigerian National Petroleum Corporation (NNPC) via its group managing director Maikanti Baru; said it has repaid US$1.5 billion of the cash call arrears owed to its foreign oil partners. The director who made the statement at the … Read More
Remittances from Nigerian Diasporas hits US$24 billion in 2018
Remittances from diasporas of Africa’s most populated country – Nigeria in 2018 reached US$24.3 billion. This is the highest figure across Sub-Saharan Africa and it is also US$2 billion higher than the inflows in 2017.
World Bank’s latest Migration and Development … Read More
Chevron acquires Algerian oil firm – Anadarko Petroleum
American multinational energy corporation – Chevron, have recently signed a deal to buy Algerian oil firm – Anadarko Petroleum. The final terms of agreement entails that Chevron will acquire all of Anadarko Petroleum outstanding shares; in a stock and cash transaction valued … Read More
The Stages of Startup Funding
There are several stages of financing in business. Businesses especially startups raise capital for various levels and types of business operations through series or multiple rounds of financing and funding. These funding rounds or stages includes Pre-seed capital and seed capital, Series A, B, and … Read More
PEG Africa raises US$25 million Series C funding to boosts its off-grid solar expansion in West Africa
A solar company PEG Africa, who provides pay-as-you-go (PAYG) solar services in West Africa; have raised a US$25 million Series C funding. This have now taken its funding total to US$50 million.
PEG … Read More
Nigeria’s NNPC will rehabilitate refineries to cut fuel imports
The Nigerian National Petroleum Corporation (NNPC) have come up with a strategy to end reliance on fuel imports in Nigeria. Recently NNPC stated plans to rehabilitate its refineries; this it also said will help save the country millions of dollar on … Read More
Construction of two of the world’s largest sulfuric acid plant is ongoing in Morocco.
ACS Group will build two of the world’s largest Sulfuric Acid Plant in Morocco; as Rabat Morocco’s OCP group and Spain’s ACS Group sign contract to build the factories in Jorf Lasfar. The factories which will … Read More
Uganda’s second international Airport under construction
A new international airport in Uganda will soon surface. The Hoima International Airport also called Kabaale International Airport, is currently under construction in Uganda. This airport when completed will be Uganda’s second airport asides the Entebbe International Airport.
The airport design will see it … Read More
French Development Agency (AFD) supports access to water and sanitation in Uganda with €270 million
The Ugandan government and the French government via French Development Agency (AFD); have signed a loan deal to help support access to water and sanitation in Uganda. The loan deal comprises of two separate financing … Read More
MainOne and Facebook partner to deepen broadband internet penetration in Nigeria.
Two of Nigeria’s fastest growing states Edo and Ogun state would be beneficiaries of a partnership between MainOne and Facebook. MainOne on Monday 25th February 2019, said it plans to undergo a metro fiber infrastructure project in the two … Read More
Kenya government considering full ownership of Kenya airways to effectively ward off competition from other state-owned airlines in Africa.
According to the Transport Principal Secretary Esther Koimett; the Kenyan government is considering taking back full ownership of Kenya Airways which is its national carrier. The full ownership of Kenya Airways … Read More