COMPLETION OF THE DREDGING WORKS AT ESCRAVOS AND WARRI RIVER.

COMPLETION OF THE DREDGING WORKS AT ESCRAVOS AND WARRI RIVER.

President Muhammadu Buhari plans to complete more ongoing projects to impact positively on the lives of the people.

The Olu of Warri, His Majesty Ogiame Ikenwoli on Wednesday at the State House in Abuja thanked President Muhammadu Buhari; for the completion of the dredging works at Escravos and Warri Rivers. …

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ZIMBABWE OPPOSITION PARTY MARCH TO STOP FRAUD AND CORRUPTION IN THE UPCOMING PRESIDENTIAL ELECTION.

ZIMBABWE OPPOSITION PARTY MARCH TO STOP FRAUD AND CORRUPTION IN THE UPCOMING PRESIDENTIAL ELECTION.

 Zimbabwe opposition party demands for a free and fair  presidential election come June 30.

Zimbabwean opposition party supporters  are protesting against fraud and voter intimidation in the upcoming presidential election. Despite the cold weather, the march organised by the Movement for Democratic Change (MDC) went on at Harare.

MDC leader …

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KENYA RANKED 9TH GLOBALLY IN GEOTHERMAL POWER GENERATION.

KENYA RANKED 9TH GLOBALLY IN GEOTHERMAL POWER GENERATION.

Kenya’s 700MW geothermal power generation increases its world ranking topping some technological giants. 

Renewable Global Status ranked Kenya 9th globally in geothermal power generating capacity with a capacity of 700MW. The new generating capacity beats Japan’s 10th position 500MW geothermal capacity.

This ranking is due to the growing investments in …

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CHINA INCREASES FLIGHT TIMES FROM NAIROBI TO GUANGZHOU.

CHINA INCREASES FLIGHT TIMES FROM NAIROBI TO GUANGZHOU.

China Southern Airlines increases flight times between Nairobi and Guangzhou to promote business and tourism between both countries

Travel times between Nairobi to Guangzhou flights has been increased by China Southern Airlines. Hence, the reason for the increase is to tap into the business and tourism travel between the two

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CONSTRUCTION OF AFRICA’S TALLEST BUILDING KICKS OFF IN KENYA.

CONSTRUCTION OF AFRICA’S TALLEST BUILDING KICKS OFF IN KENYA.

The construction of the tallest building in Africa commenced in Nairobi.

The construction of Africa’s tallest building has commenced in Kenya. The project kicked off after the President of Kenya laid the foundation stone recently.

The 70-floor mixed-use twin tower development dubbed Pinnacle Towers is located in Nairobi’s Upper-hill area …

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RWANDA LOWERS POWER TARIFF AS INCENTIVE FOR INVESTORS.

RWANDA LOWERS POWER TARIFF AS INCENTIVE FOR INVESTORS.

Rwanda new tariff will favor industries and large consumers of electricity.

The Government of Rwanda will announce the new price of electricity for industries and other large consumers of electricity soon.

Despite the ongoing development in the power sector, the Government wants to cub the issues of load shedding. This …

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TRANSNET INTERNATIONAL HOLDINGS AGREES ON DEAL TO TRANSFORM GHANA’S RAILWAY SYSTEM.

TRANSNET INTERNATIONAL HOLDINGS AGREES ON DEAL TO TRANSFORM GHANA’S RAILWAY SYSTEM.

South Africa’s Transnet International Holdings agrees on the deal to transform Ghana’s railway transportation system.

Transnet International Holdings plans to supply 110 wagons to Ghana Railway Company Limited by the end of 2018. This plan will give improve this sector of transportation in Ghana.

The deal includes the supply of …

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ETHIOPIA GOVERNMENT AND ODF LEADERS COME TOGETHER TO PROMOTE UNITY IN THE COUNTRY.

ETHIOPIA GOVERNMENT AND ODF LEADERS COME TOGETHER TO PROMOTE UNITY IN THE COUNTRY.

Ethiopia’s prime minister, Abiy Ahmed has met with representatives of exiled opposition party, the Oromo Democratic Front (ODF) after the latter agreed to participate in Ethiopia’s political discourse peacefully.

Oromo Democratic Front (ODF) and the Government of Ethiopia has come to an agreement to resume democratic processes in …

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GOOGLE GRANTS Sh200M TO KENYAN BASED CHARITY ENTERPRISES.

GOOGLE GRANTS Sh200M TO KENYAN BASED CHARITY ENTERPRISES.

Sh200 million Google grant to be given to on-profit and social-based enterprises using technology to improve lives.

Google is giving Sh200 million grant to the 12 finalists of the first African Google Impact Challenge in Kenya. The Google grant is to enable the charity enterprises improve the society with their

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KENYA’S SOFTWARE GROUP AIDS ZIMBABWE BANK TO GO DIGITAL.

KENYA’S SOFTWARE GROUP AIDS ZIMBABWE BANK TO GO DIGITAL.

 Kenyan based software company leads Zimbabwean commercial bank into the world of digital banking.

A Kenyan based software company, Software Group has come to an agreement with Metbank to digitize the bank’s operations. Metbank is a Zimbabwean commercial bank, with over 70,000 customers and is one of the fastest growing

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KENYA POWER AND LIGHTING COMPANY PUTS IN US$15m TO IMPROVE POWER SUPPLY.

KENYA POWER AND LIGHTING COMPANY PUTS IN US$15m TO IMPROVE POWER SUPPLY.

Kenya Power to install new transformers and repair old substations with the aim of improving supply.

Kenya Power and Lighting company (KPLC) is investing US$15 million to enhance power supply in Kisumu. The project will include repairs on existing substations and distribution lines and also installation of new transformer.

The …

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NSE’s VOLUME INCREASED BY N42.5bn FROM LAST WEEK’s TRANSACTION.

NSE’s VOLUME INCREASED BY N42.5bn FROM LAST WEEK’s TRANSACTION.

NSE’s N42.5bn increase due to heavy transaction last week

Following the large transactions in the shares of some companies especially Transnational Corporation (TRANSCORP), and First City Monument Bank (FCMB) last week. This increased the amount of shares traded with a turnover of 7.157 billion shares worth N42.545billion were recorded in …

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MOODY’S DOWNGRADE SOUTH AFRICA’S ESKOM

MOODY’S DOWNGRADE SOUTH AFRICA’S ESKOM

Eskom recently downgraded by rating agency Moody’s.

Eskom’s long term collective family rating has downgraded by the Global ratings agency Moody’s. The downgrade was from B1 to Ba3 with warning that the ratings remains under review.

The rating agency pegged the downgrade to Eskom’s falling liquidity and the the ability …

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GHANA MAINTAINS POLICY RATE

GHANA MAINTAINS POLICY RATE

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 …

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MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

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 …

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GERMANY PROVIDES US$27m FOR ENERGY ISSUES IN NIGERIA

GERMANY PROVIDES US$27m FOR ENERGY ISSUES IN NIGERIA

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 …

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MOROCCO AWARDS CONSTRUCTION OF PUMPED STORAGE HYDROELECTRIC PLANT

MOROCCO AWARDS CONSTRUCTION OF PUMPED STORAGE HYDROELECTRIC PLANT

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, …

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