HUAMBO TO GET FIRST NATIONAL SCHOOL OF JOURNALISM IN ANGOLA

Posted on March 2, 2018 by Gambeta News

Angola’s minister for media promise to find a solution for the construction of the national school of journalism after construction work stopped in 2016. The construction of the school was made known by the minister of media João Melo during a tour in huambo. The tour was to check the progress of work done after kicking of operation in 2014. The project which have not be operating since 2016 will be discuss by the ministry for…

ANGOLA GOVERNMENT SET TO REHABILITATE 7000KM OF ROAD

Posted on January 22, 2018 by Gambeta News

Angola government to rehabilitate over 7000km of road that will help interconnect the national road network. The purpose of the rehabilitation is to interconnect the national road network in Angola that consists of 26,000km, of which 13,600 have benefited from rehabilitation and laying of asphalt for the first time, another 7,000 were awarded to contractors for rehabilitation and another 7000km await financing for its award and re-qualification. The rehabilitation is set to increase transport and driving in…

Angola – Africa’s Oil Giant

Posted on November 13, 2017March 6, 2018 by Gambeta News

As Angola celebrated it’s 42nd Independence on August 11th, we took a look at the Portuguese speaking nation. Located in the Southern part of Africa on the Atlantic coast, Angola is Africa’s Largest Oil Producer. Endowed with large oil reserve, the country has showed an impressive economic growth rate with a GDP per capita at $3,486 (Opec). Angola holds a population of 27.5 million people in a land mass almost equal to twice the size…

PROJEKTA 2017 HELD IN ANGOLA GETS POSITIVE ASSESSMENT

Posted on October 30, 2017 by Gambeta News

Projekta 2017 get positive assessment after different construction industries showcased their project with a turn-out of over 100 exhibitors. Projekta is now the largest sector platform in establishing contacts and promoting products and services in the areas of Construction, Public Works, Urbanism and Architecture in Angola. During the weekend, the 14th edition of the International Exhibition of Civil Construction, Public Works, Urbanisation and Architecture Projekta 2017 was held in Angola. The event was tag “Projecting the…

ANGOLA TO LAUNCH FIRST SATELLITE

Posted on October 23, 2017October 23, 2017 by Gambeta News

Angola to Boost Telecommunications Service with Launch of First Satellite AngoSat-1 Mr. José Carvalho da Rocha, Angloa’s ICT Minister confirmed that Angola is set to launch into the orbit its first communications satellite (AngoSat-1) by the end of the year. The satellite on commencement of operations will provide telecommunication services throughout the country. The minister stated some benefits that the country will receive from the satellite which include the possibility of performing telemedicine services and many…

ANGOLA PLANE CRASH- SEVEN PEOPLE DEAD

Posted on October 16, 2017October 16, 2017 by Gambeta News

Due to bad weather, 7 people are dead in a plane crash in Angola. According to authorities on Monday, the plane that crashed in the romote corner of Angola that had seven people on-board was downed because of bad weather. The Angola’s fire service said the Brazilian-built Embraer aircraft that is operated by Air Guicango and was heading for Luanda crashed on Thursday after taking off from Dundo near the congolese border. The rescue chief…

SONANGOL AN ANGOLA OIL COMPANY SAVES $US1.7BN AFTER SPENDING CUTS

Posted on October 9, 2017 by Gambeta News

After spending cuts Angola’s state owned oil company saves $US1.7bn. On Friday, Angola’s state owned oil company ( sonangol) said $1.7-billion has been saved and thanks to spending cuts since 2014 due to lower crude oil prices. Due to the slump in oil prices, over the last three years oil companies across the world have made huge cuts to their annual capital expenditure. According to a statement released by Sonangol company, production costs per barrel had…

DISCO STEEL PLANT PROJECT NOW 80% COMPLETE IN ZIMBABWE

Posted on January 25, 2023 by Gambeta News

The designing of power lines and electrical substations for the Dinson Iron and Steel Company (Disco) steel plant is now 80 percent complete, an official has said. Disco, which is building a US$1,5 billion integrated steel plant in Manhize near Mvuma is a subsidiary of China’s largest stainless producer, Tsingshan Holdings Group Limited. The plant is expected to be commissioned in August, according to official timelines. The project is now 50 percent complete. Last year,…

UPGRADE OF TSUMEB RAILWAY CONTINUE IN NAMBIA

Posted on November 15, 2022 by Gambeta News

Minister of works and transport John Mutorwa over the weekend inspected the upgraded railway between Kranzberg and Tsumeb at Omaruru. The railway line forms part of the main rail corridor between Walvis Bay and northern Namibia and links Namibia to Angola, the Democratic Republic of Congo (DRC), and Zambia. Mutorwa during the site visit said railway infrastructure is and will remain important in the future. “The government has taken up to upgrade the existing railway…

EXPERTS SAYS AFRICA TO HAVE QUICKER ENERGY TRANSITION THAN OTHER CONTINENTS

Posted on September 15, 2022 by Gambeta News

Africa is set to achieve a quicker transition to renewable energy than any other continent, Mikir Shah, CEO of reinsurer Africa Specialty Risks (ASR). Shah is Kenyan and a former CEO of AXA Africa Specialty Risks. His role in Africa-focused reinsurance gives him a unique perspective on energy investment and projects on the continent. He has been seeing an increase in enquires related to solar, wind, geothermal, and hydroelectric power projects. Solar is leading the way, with interest spread…

AZOP TO BUILD PIPELINE FOR OIL INFRASTRUCTURE

Posted on July 8, 2022 by Gambeta News

The project to build a pipeline to transport oil derivatives from the Lobito refinery (Angola) to the Zambian capital, Lusaka, is still in the feasibility study phase, to approve this oil infrastructure. The project known as the Angola/Zambia Oil Pipeline (AZOP) is also in a period of assessment of economic, technical, and environmental aspects, to make a final decision and define the investment to be applied, according to the Minister of Mineral Resources, Oil and…

CONSTRUCTION OF NEW LUANDA INTERNATIONAL AIRPORT AT 90%

Posted on April 11, 2022 by Gambeta News

The President of the Republic, João Lourenço on saturday checked the level of execution of the construction work of the new Luanda International Airport (NAIL), located in the commune of Bom Jesus, in the municipality of Icolo e Bengo, Luanda province. President Joao Lourenço also visited the Airport Security area, the Fire Station, the hotels area and the meteorological radar. At the end of the visit, the Minister of Transport, Ricardo de Abreu, confirmed to…

AFRICA LOOKS INWARD FOR SOLUTIONS AS CHINESE FUNDING SLOW DOWN

Posted on February 24, 2021 by Gambeta News

The African Union is setting up a fund to finance the construction of much-needed roads, railways and power plants on the continent, its infrastructure head said, turning to new sources of cash due to donor fatigue and higher debt levels. The continent has an estimated annual infrastructure financing deficit of $60 billion-$90 billion, the AU says, making it hard for the body to advance its goal of integrating the disparate individual markets into a single,…

IFC SENIOR OPERATIONS OFFICER – JOHANNESBURG

Posted on January 13, 2021January 13, 2021 by Gambeta News

Description IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2020, we invested $22 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For…

HOW AFRICAN COUNTRIES ARE LACKING FUND TO PROVIDE GREEN ENERGY

Posted on December 7, 2020 by Gambeta News

It quite sad that the African continent with it huge population is still finding it hard to provide Green Energy despite all the wealth of talent the continent have at its disposal. With less than a decade to meet global energy goals, sub-Saharan Africa is finding it difficult to provide affordable, reliable, modern energy due to lack of financing, according to the latest UN report. The Sustainable Energy for All (SEforALL) report released shows that…

CONSTRUCTION OF BAYNES POWER PLANT SLATED FOR 2023

Posted on April 22, 2020 by Gambeta News

The project has been slated for construction in 2023 after both nations involves in the project agreed on it. Baynes power plant will be expected to generate 600 MW of power, which would be sold to Namibia and Angola in equal allocations of 300 MW each, while regional off-take is being considered. According to the energy ministries of both governments through the Permanent Joint Technical Commission on the Cunene River Basin (PJTC) said the commissioning…

IMPACT OF COVID-19 ON AFRICA

Posted on March 11, 2020March 11, 2020 by Gambeta News

Kieran Whyte discusses the impact of COVID-19 in Africa. He is a Partner and Head of the Energy, Mining and Infrastructure Practice, at Baker McKenzie Johannesburg The Coronavirus (COVID-19) has resulted in mass production shutdowns and supply chain disruptions due to port closures in China, causing global ripple effects across all economic sectors in a rare “twin supply-demand shock”. With South Africa having just reported its first cases of COVID-19, Africa is beginning to feel…

AFRICAN POPULATION TO INCREASE BY 2100- PEW RESEARCH

Posted on January 27, 2020 by Gambeta News

African nations population to increase in 2100 but is the continent ready for such explosion in population?? Africa is set for a population explosion in 2100, after PEW Research Centre release its report. According to the report, between 2020 and 2100, Africa’s population is expected to increase from 1.3 billion to 4.3 billion. The projection shows that the increase will come mostly in sub-Saharan Africa, which is expected to more than triple in population by…

AURECON’s INCOMING GLOBAL CEO – WILLIAM COX

Posted on January 16, 2019 by Gambeta News

Aurecon, the global engineering and infrastructure advisory company announced the appointment of William Cox as the global chief executive officer. Mr. Cox will assume office in February 2019 to continue the organisation’s rapid growth and diversification across Digital, Advisory and Asia. Commenting on the announcement, Mr. Cox said: “This is a terrific opportunity to steer Aurecon during a time of significant growth and change for our industry. Incredible technologies are helping us plan and build infrastructure in…

Sub-Saharan Africa raised US $18.6 billion in 2018

Posted on January 11, 2019January 11, 2019 by Gambeta News

Sub-Saharan Africa (SSA) economies in 2018 tapped more into the Eurobond market, increasing by 77 percent the amount they raised from off-shore sources as they sought to access cheaper funds to meet domestic needs, United Capital Research says. The countries raised US $18.6 billion last year, from $10.5 billion they issued in 2017, United Capital, a leading African financial and investment services company in Nigeria, said in a 2019 outlook report released recently. BusinessDay analysis of…

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