African Construction News Archives - Page 2 of 2

NIGERIAN’S ENERGO TO REHABILITATE UGANDA’S JINJA HIGHWAY.

Posted on July 19, 2019July 22, 2019 by Gambeta News

The US$3.6m rehabilitation from Spares Motors junction to Mukono Municipality will run for 9 months. The repair of the 3.5km Jinja highway will silent the public’s incessant complains about potholes and excessive water logs on the road. Hence, the Uganda National Roads Authority (UNRA) has been cleared by the traffic police to proceed with the project. The construction will be done from 11pm – 5am to enable commuter carry on with their daily activities. Also,…

ZIMBABWE: CONSTRUCTION SENGWA THERMAL STATION WILL KICK OFF SOON

Posted on July 16, 2019July 17, 2019 by Gambeta News

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 framework and exclusivity agreement with Rio Zim. The PPA is an essential part of this type of project as it guarantees investors of future benefits….

SOUTH AFRICA KICKS OFF THE CONSTRUCTION OF WESLEY CISKEI WIND POWER PLANT

Posted on July 11, 2019 by Gambeta News

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) after they signed and Engneering Procurement and Construction (EPC). Hence, one of the major reason for the project is to foster the South Africa’s Renewable Energy…

TANZANIA MINISTER HAPPY WITH CONSTRUCTION PACE OF OFFICES BUILDING

Posted on January 8, 2019 by Gambeta News

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 project. He was also optimistic that the contractor will meet the deadline of the project. The project is part of plans for each ministry to…

GHANA MAINTAINS POLICY RATE

Posted on January 23, 2018 by Gambeta News

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 the decision was reached to help keep inflation at a stable rate. He further added that a trend decline in the headline and core inflation allowed for a 550 basis…

MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

Posted on January 22, 2018 by Gambeta News

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 today 22nd January 2018, with the committee releasing the policy rate for the year. The Central Bank in 2017 alone reduced the policy rate by…

GERMANY PROVIDES US$27m FOR ENERGY ISSUES IN NIGERIA

Posted on January 19, 2018 by Gambeta News

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 (NESP), would be implemented by the German Development Corporation (GIZ). The German government Technical Advisor Group, will also provide mobile care hospitals for the Nigerian military with…

MOROCCO AWARDS CONSTRUCTION OF PUMPED STORAGE HYDROELECTRIC PLANT

Posted on January 19, 2018 by Gambeta News

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, includes execution studies, civil engineering works, supply and transfer of equipment, assembly, testing and commissioning of the station. The civil engineering works will include the excavation of two basins, the digging…

UPGRADE OF SOUTH AFRICA’S SOWETO BRIDGE COMMENCES

Posted on January 18, 2018 by Gambeta News

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 for pedestrians due to the increased water levels on low lying areas of the structure. The bridge will be closed throughout the construction period which is from January…

GHANA CARGO TRAFFIC REACHES 21m METRIC TONNES

Posted on January 17, 2018 by Gambeta News

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 in 2016. Figures in the report showed that the gross of cargo was carted by the 1,850 vessels that called at the Tema and Takoradi ports —…

NIGERIA MAKES N150bn FROM PADDY RICE PRODUCTION

Posted on January 17, 2018January 17, 2018 by Gambeta News

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 in the last two and half years”. He noted that the country would stop rice importation in the next six months to satisfy local demands. He…

SAMSUNG: TAX INCENTIVES PREREQUISITE FOR NAIROBI ASSEMBLY PLANT

Posted on January 16, 2018January 16, 2018 by Gambeta News

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 form of tax benefits and blockage against the influx of fake phones and electronics would enable the company to set up a local production factory cost-effectively. While…

AfDB REWARDS NIGERIA AS LARGEST REGIONAL SHAREHOLDER

Posted on January 16, 2018 by Gambeta News

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 in Abuja.‎ Nigeria is the bank’s largest shareholder with a portfolio of about US$6 billion and its operations accounts for 13 percent of the Bank’s total portfolio. The state-of-the-art Nigeria…

STANDARD GAUGE RAILWAY CONSTRUCTION AGREED BY TANZANIA AND RWANDA

Posted on January 16, 2018January 16, 2018 by Gambeta News

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 yesterday in a one day official visit. During the tour, President of Tanzania john Magufuli said both infrastructure ministers of the two countries will meet next week…

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