Is investing US$1.5bn for the construction of a 2,800MW thermal plant in Sengwa, Zimbabwe worth it?
Rio Zim, a mining company in Zimbabwe; has achieved another milestone by signing a Power Purchase Agreement (PPA) with Power China to construct the Sengwa thermal plant. Power China in November 2018 signed a … Read More
The Wesley Ciskei wind farm will provide 34.5 MW to the network of South African public company of Eskom.
The new Wesley Ciskei wind farm will be constructed by Vestas Wind System near the town of Paddie. The project was handed to them by EDF Renewables ( Électricité de France)… Read More
Minister happy with progress of office building construction as part of plans to relocate to the state capital in Dodoma.
Construction of water and irrigation ministry office is moving at a steady pace according to the minister. During his visit, the minister express his excitement about the pace of the … Read More
Bank of Ghana maintains policy rate at 20%
After the conclusion of the Monetary Policy Committee (MPC) meeting held yesterday (January 22, 2018) by Bank of Ghana, it was announced that Ghana’s central bank would maintain its policy rate of 20%.
The Central Bank Governor, Dr Ernest Addison explained that … Read More
Quarterly meeting held by Ghana’s Central Bank’s Committee on Monetary Policies to review the country’s economy.
Bank of Ghana committee on monetary policies met on the 19th of January 2018 for its quarterly meetings to review Ghana’s economy. The meeting which is the first for this year will be concluded … Read More
Nigeria to get US$27m from Germany to tackle energy issues.
According to German Ambassador to Nigeria, Bernhard Schlagheck, The German government has provided a total of US $ 27m to Nigeria, to address energy and climate change issues in the country.
The sponsorship which is termed Nigerian Energy Support Programme … Read More
VINCI Construction company to build pumped storage hydroelectric plant in Morocco.
The Moroccan government has awarded the contract to construct a US$346m pumped storage hydroelectric plant (PSP), near Agadir to a French-based company VINCI Construction company.
The project which is part of the development and integration plan for renewable energies, … Read More
Owing to the over-topping during heavy rainfall, the Johannesburg Roads Agency (JRA) have kicked off reconstruction work on the soweto bridge over Klipspruit river, in Soweto.
According to statement by JRA, the bridge in Klipspruit West is known to bring traffic to a halt during heavy downpours, rendering it unsafe … Read More
Ghana records positive increase in its cargo traffic.
Reports from Ghana Ports and Harbours Authority (GPHA) revealed that a total of 21million metric tonnes of cargo was handled in 2017, which exceeded the set target of 20million metric tonnes, a 2million metric tonnes increase over the 19million metric tonnes recorded … Read More
Paddy rice production increases from 5m tonnes to 17m tonnes in 2 years.
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh in a meeting with the governor of Plateau state Gov. Simon Lalong, said that “the production of rice paddy improved from 5 million to 17 million tonnes … Read More
Tax incentives needed as prerequisite for setting up Samsung assembly plant in Kenya
Korean electronics firm Samsung, has requested for tax concessions and safeguards against counterfeit imports as a prerequisite for opening its assembly plant in Kenya.
The president Samsung electronics Africa, Sung Yoon on Monday said state incentives in … Read More
AfDB sets up state-of-the-art office complex, to consolidate Nigeria as largest regional shareholder.
According to the communications department of the African Development Bank (AfDB), the bank has rewarded Nigeria as the bank’s largest regional shareholder by setting up a state-of-the-art office complex, which will be commissioned by President Muhammadu Buhari … Read More
Tanzania and Rwanda to combined in the construction of a railway that will cost between US$800 to $900 million when completed.
The construction of the project which is expected to start from Isaka (northwestern Tanzania) to Kigali in Rwanda was put into motion after Rwandan President Paul Kagame toured Tanzania … Read More