AFRICANS ON TIME’S MOST INFLUENTIAL LIST

AFRICANS ON TIME’S MOST INFLUENTIAL LIST

Time Magazine releases 100 most influential list for 2019

These Africans on Time’s most influential list 2019 are influencing the continent and the globe.

Fred Swaniker is a Ghanian entrepreneur and leadership development expert whose is motivating young people in Africa to be great leaders through his various leadership initiatives.

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RWANDA REJECTS UGANDA CEMENT BECAUSE OF FAILED QUALITY STANDARDS

RWANDA REJECTS UGANDA CEMENT BECAUSE OF FAILED QUALITY STANDARDS

Rwanda claims Uganda cement company failed to meet quality standards

The most recent victim of the current diplomatic fall out between Uganda and Rwanda is an Ugandan cement company – Hima Cement Ltd.

According to Rwanda Revenue Authorities, it blocked Uganda cement exports from Hima Cement Ltd; because it failed

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NNPC HAS PAID US$1.5bn CASH CALL ARREARS TO IOCs

NNPC HAS PAID US$1.5bn CASH CALL ARREARS TO IOCs

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 …

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ZERA TO REDUCE POWER OUTPUT IN ZIMBABWE

ZERA TO REDUCE POWER OUTPUT IN ZIMBABWE

ZRA reduction of water allocated for electricity generation affecting both ZERA and ZESCO.

Zimbabwe Energy Regulatory Authority (ZERA) to reduce the power output by 5.3 percent to 445 megawatt. After Zambezi River Authority (ZRA) cut the water allocation for electricity generation. ZRA reduce the water allocated …

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FRANCE TO LAUNCH NOTRE DAME DESIGN COMPETITION

FRANCE TO LAUNCH NOTRE DAME DESIGN COMPETITION

The Notre Dame Design Competition will enable International professionals redesign the iconic roofline. 

Following President Marcon’s pledge to rebuild the burnt cathedral within five years, a Notre Dame Design Competition will launch soon. This will be supported by financial and expert pledges from Tycoons and International firms. So far, their

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GHANA HOUSING SECTOR FACE TWO MILLION DEFICITS

GHANA HOUSING SECTOR FACE TWO MILLION DEFICITS

Ministry of Housing and Work inaugurate committee to tackle housing sector deficit in Ghana.

Minister for Work and Housing, Samuel Atta Akyea has revealed that Ghana housing sector is facing two million deficits. By this analysis, the government will now need to build 190,000 to 200,000 units of houses each …

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RWANDA AIRLINE ARRIVES KINSHASA, CONGO

RWANDA AIRLINE ARRIVES KINSHASA, CONGO

Kinshasa International Airport welcomes the inaugural flight of Rwanda Airline with a traditional water salute upon arrival!

The plane flew from Kigali International Airport to N’djili International Airport in Congo. N’djili International Airport, also known as N’djili Airport and Kinshasa International Airport, serves the city of Kinshasa. In essence, 

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NIGERIA DIASPORA REMITTANCES REACHES US$24bn

NIGERIA DIASPORA REMITTANCES REACHES US$24bn

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 …

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TANZANIAN TEAM UP WITH UGANDAN IN OIL EXPLORATION

TANZANIAN TEAM UP WITH UGANDAN IN OIL EXPLORATION

Tanzanian And Ugandan Collaborate in Oil Exploration

Tanzanian Energy Minister, Dr Medard Kalemani said Tanzania have teamed up with Ugandan to conduct oil exploration at various areas in Tanzania.

The Minister said this at a recent workshop for the parliamentary committee on energy and minerals members. He also said that …

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CHEVRON SEALS DEAL TO ACQUIRE ALGERIAN OIL FIRM

CHEVRON SEALS DEAL TO ACQUIRE ALGERIAN OIL FIRM

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 …

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KENYA CLIMBS TO THIRD ON LARGEST TOURISM ECONOMY IN SUB-SAHARAN AFRICA

KENYA CLIMBS TO THIRD ON LARGEST TOURISM ECONOMY IN SUB-SAHARAN AFRICA

WTTC ranked Kenya as third largest tourism economy in sub-saharan Africa.

According to report from World Travel and Tourism Council (WTTC), kenya has move to third just behind South Africa and Nigeria as the largest tourism economy in Sub-Saharan Africa.

The growth just demonstrate how well the nation has progress …

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UGANDA GOVT. DRAFTING NEW POLICIES FOR OIL MONIES

UGANDA GOVT. DRAFTING NEW POLICIES FOR OIL MONIES

Uganda Government drafts new policies to monitor Petroleum Fund spendings.

Uganda Government has conclude plans to draft three policies that will help monitor the spending of Petroleum Fund. These policies will follow the guidelines set-out in the Public Finance Management Act (PFMA) of 2015.

The Ministry of finance is responsible …

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PICTURES OF AFROSTRUCTURE EVENT IN KENYA

PICTURES OF AFROSTRUCTURE EVENT IN KENYA

Raila Odinga addressing infrastructure juggernaut at the AfroStructure Event.

Former Prime Minister of Kenya Raila Odinga‏ is the speaking at the AfroStructure events in Kenya. This event is centred on improving infrastructure as well as financing.

The aim of the seminar is to showcase  how decisive infrastructure can play an

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AFRICAN LEADERS REACT TO NOTRE DAME FIRE

AFRICAN LEADERS REACT TO NOTRE DAME FIRE

Following the Notre Dame Fire, African leaders are sending their condolences to President Macron, the people of France and Christian community. Importantly, Notre Dame Cathedral is one of the most iconic buildings of world civilisation. The Cathedral is famous for its French Gothic architecture, with the entire building construction

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SOUTH AFRICA PLANS JOINT INVESTMENT PROJECT WITH IRAN

SOUTH AFRICA PLANS JOINT INVESTMENT PROJECT WITH IRAN

Plans are in motion for South Africa and Iran Joint investment project.

South Africa is set to enhance economic cooperation and carrying out joint investment projects in various fields with Iran. This remark was made during a conference on foreign investment opportunities in the southern Province of Hormuzgan.

Mazwi Khumalo …

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RWANDA GOVERNMENT TO REVAMP RUSUMO BORDER

RWANDA GOVERNMENT TO REVAMP RUSUMO BORDER

Revamping of Rwanda Biggest border set to kick-off after tour by government officials

Plans are in motion for the revamping of Rusumo border by the Rwanda Government. The aim of the revamp is to boost trade and also increase their capacity to cope with the growing traffic of cargo.

The …

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AFDB APPROVES INVESTMENT PACKAGE TO INFRACREDIT IN NIGERIA

AFDB APPROVES INVESTMENT PACKAGE TO INFRACREDIT IN NIGERIA

InfraCredit aims to support up to $1.25 billion in infrastructure after approval from AFDB.

Africa development bank (AFDB) has approve US$15 million for investment package to infrastructure Credit Guarantee Company (InfraCredit). The fund will be use to help support infrastructure financing through the domestic debt capital markets in Nigeria.

InfraCredit …

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