OTEDOLA EXITS FORTE OIL PLC

OTEDOLA EXITS FORTE OIL PLC

Otedola sells Forte Oil Plc and focuses on Geregu Power Plc

Nigerian billionaire who was the Chairman and majority shareholder in Forte Oil Plc, Mr. Femi Otedola, recently sold his entire 75% shareholding in the company. The former Chairman of Forte Oil Plc, Mr. Otedaola had earlier announced in December …

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PROGRESS UPDATE ON MOHEMBO BRIDGE PROJECT – BOTSWANA

PROGRESS UPDATE ON MOHEMBO BRIDGE PROJECT – BOTSWANA

Progress Updated on Mohembo Bridge Project  in Botswana

Essential Cargo to enable the construction of the “crossed elephant tusk tower” at the Mohembo Bridge Project in Botswana has successfully arrived Walvis Bay, Namibia. Botswana, being a landlocked country will facilitate the transportation of the 10,720 metric tons cargo using 160

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HISTORIC DECISION FOR OIL PRICES IN MADAGASCAR

HISTORIC DECISION FOR OIL PRICES IN MADAGASCAR

Africa’s Young President negotiates lower oil prices in Madagascar. 

President Andry Rajoelina discusses with oil industry representatives to lower the market price of petroleum products. These discussion border around the need for a more affordable price that will be favourable for the economy. The Malagasy household depend on petroleum products

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SIERRA LEONE TO CONSTRUCT BRIDGE FOR FREETOWN INTERNATIONAL AIRPORT

SIERRA LEONE TO CONSTRUCT BRIDGE FOR FREETOWN INTERNATIONAL AIRPORT

President Julius Maada Bio announce tender plans for bridge construction that will link Freetown International Airport

Plans has been announced by Sierra leone Government to construct a bridge that will link the nation international airport. The project which is currently at its tender stage will help citizens when boarding any …

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AIRTEL NIGERIA APPLIES FOR LISTING ON NSE

AIRTEL NIGERIA APPLIES FOR LISTING ON NSE

Airtel Nigeria officially applies to be listed on Nigeria Stock Exchange (NSE)

Just a month after MTN Nigeria successfully received SEC’s approval for its NSE listing and also registered 20.345bn ordinary shares; Airtel Nigeria, have also officially applied to follow in the same process.

According to reports, one of Nigeria’s …

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PARLIAMENT SPEAKER ASK GOVT TO ABANDON DAM PROJECT IN UGANDA

PARLIAMENT SPEAKER ASK GOVT TO ABANDON DAM PROJECT IN UGANDA

Parliament speaker urge Government to abandon construction of Murchison Falls Dam

Uganda Speaker for Parliament has urge the Government to Abandon the proposed power dam construction. According to her, she is seeking assurance from the government. This will enable the Murchison Falls to be untouchable.

Early this month, a publication …

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LILONGWE CARRIAGEWAY TO TAKE SHAPE IN MALAWI

LILONGWE CARRIAGEWAY TO TAKE SHAPE IN MALAWI

Lilongwe carriageway to take shape after plans to demolish six classroom building are in motion.

Construction of Lilongwe carriageway is taking shape as plans for demolition of six classroom building at Chimutu primary school will soon take place. The demiotion will pave way for the project to kick-off.

Head teacher …

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PRESIDENT WEAH PROMISE NEW MARKET CONSTRUCTION

PRESIDENT WEAH PROMISE NEW MARKET CONSTRUCTION

President Weah promise new state of the art market for Old road community resident.

Liberia President George Weah has promise to construct new market for  Old road community, Montserrado resident. According to the President, resident will soon be able to buy and sell in a new state-of-the-art market structure.

The …

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RWANDAIR OPENS NEW ROUTE TO GUANGZHOU, CHINA

RWANDAIR OPENS NEW ROUTE TO GUANGZHOU, CHINA

RwandAir opens new route to Guangzhou with 234 passengers onboard its inaugural flight.

RwandAir has officially open its new route to China. The route which commence this morning will link kigali to Guangzhou, which is the third largest city in China. The inaugural flight will be for 15 hours to …

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EGYPT AND EU SIGN DEAL TO REVAMP MUSEUM IN TAHRIR

EGYPT AND EU SIGN DEAL TO REVAMP MUSEUM IN TAHRIR

Egypt get grants from EU for revamping of Museums

Egypt has sign a deal with the European Union (EU) for the revamping of a museum in tahrir. The deal which is worth €3 million will be under the overall economic growth program of 15 million euros grant.

The deal was …

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AFDB PREPARE FINANCIAL PACKAGE FOR ZIMBABWE

AFDB PREPARE FINANCIAL PACKAGE FOR ZIMBABWE

AFDB to prepare financial package for Zimbabwe after impressive economic reform

Africa development Bank has set up a plans to help Zimbabwe. The financial package comes as a result of the nation impressive political and economic reforms.

Speaking during the 54th Meeting of Boards of Governors of the AfDB, Dr …

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ZIMBABWE PRESIDENT INVITES MAJOR CHINESE COMPANIES

ZIMBABWE PRESIDENT INVITES MAJOR CHINESE COMPANIES

President Emmanuel Mnangagwa speaks about development of more infrastructures after tour with chinese companies.

President Emmanuel Mnangagwa has invited Chinese company to establish office for future infrastructure. This is part of the president plans to fulfil Vision 2030 which is aim to achieve an upper middle-income society.

The president met …

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PRESIDENTIAL COMMITTEE TO HELP WITH APAPA TRAFFIC GRIDLOCK IN NIGERIA

PRESIDENTIAL COMMITTEE TO HELP WITH APAPA TRAFFIC GRIDLOCK IN NIGERIA

Presidential committee to assist Ministry of Works in solving the Apapa traffic gridlock.

In an effort to solve the Apapa traffic gridlock, Nigeria’s Presidential committee will assist the Ministry of works. The Apapa traffic gridlock has so far brought serious road traffic in the area.

The Presidential committee will partner …

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GUYANA TO GET ASSISTANCE FROM GHANA FOR OIL EXPLORATION

GUYANA TO GET ASSISTANCE FROM GHANA FOR OIL EXPLORATION

Ghana to give free technical assistance to Guyana after oil discovery according to President Akufo-Addo

Republic of Guyana is set to get help from Ghana following the discovery of considerable deposits of oil and gas. This help comes after a meeting between both nation leaders at Georgetown.

Ghana President Akufo-Addo …

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BAMEMDA-BEBADJOU ROAD CONSTRUCTION TO MEET DEADLINE IN CAMEROON

BAMEMDA-BEBADJOU ROAD CONSTRUCTION TO MEET DEADLINE IN CAMEROON

Cameroon Minister of Public Works announce construction of Bamenda-Babadjou Road to be completed before deadline.

The construction of Bamenda-Babadjou Road is set to meet its deadline. This was announced by the Minister of Public Works during a three-day evaluation meeting. The evaluation is to assess the level of execution of …

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CONSTRUCTION OF MADINA-ADENTA HIGHWAY ALMOST DONE IN GHANA

CONSTRUCTION OF MADINA-ADENTA HIGHWAY ALMOST DONE IN GHANA

Madina-Adenta Highway set for completion by the end of june according to Ghana Minister for Road and Highway.

Construction of Madina-Adenta highway is set for completion at the end of June. This was announced during an inspection by the Minister of Roads and Highways, Kwasi Amoako-Atta.

The Minister express satisfaction …

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AFDB PLEDGE MORE SUPPORT TOWARDS INFRASTRUCTURE IN AFRICA

AFDB PLEDGE MORE SUPPORT TOWARDS INFRASTRUCTURE IN AFRICA

AFDB plans support for regional integration among Africa countries with investment in infrastructure, industrialisation and trade.

African Development Bank (AFDB) has announce plans to support African countries towards achieving deeper regional integration. This will be through investment in regional infrastructure development, industrialisation and trade.

Speaking during the 54th AFDB …

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UGANDA TO SPEND US$205M ON RESTORATION OF OLD RAILWAY

UGANDA TO SPEND US$205M ON RESTORATION OF OLD RAILWAY

Uganda plans to invest  US$205 million to restore railway linking Kampala to Malaba.

Uganda government is making plans to restore its old railways. The plans is to invest  US$205 million (about Shs 768 billion) in the railway that will link Kampala to Malaba.

The plan upgrade will help boost monthly …

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CHINA SET TO CONSTRUCT TWO MAJOR WATER DAMS IN SIERRA LEONE

CHINA SET TO CONSTRUCT TWO MAJOR WATER DAMS IN SIERRA LEONE

Sierra Leone Signed Memorandum of Understanding (MOU) with Chinese Engineering Company to carry out two major Water Dams Project.

The Sierra Leone minister of water resources, Dr Jonathan Bonopha Tengbe has sign a Memorandum of Understanding (MOU) with the Chinese engineering company- China Gezhouba Group Company Limited (CGGC) on Tuesday, …

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INTRO ENERGY TO LAUNCH US$100M PROJECT IN EGYPT

INTRO ENERGY TO LAUNCH US$100M PROJECT IN EGYPT

Intro Energy to launch electricity projects using net metering system in Egypt.

Intro Energy is set to launch projects that will help produce electricity from renewable resources in Egypt. The project will be to implement a solar energy plant with a capacity of 20MW in Sharm El-Sheikh. This will also …

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