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. … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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
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 … Read More
U.S. government lifted the travel ban on Chad due to her improvement security strategies
The U.S. government lifted the travel ban on citizens of Chad. The ban which has lasted for six months lifted due to the increased standards of Chad’s security measures.
The ban in September was as a … Read More
BOC GAS former MD Millicent O. quits her office due to the company’s recent poor performance.
BOC Gas one month after her former managing director gave notice to quit, is looking for a new head. The industrial gas manufacturers is going through bad times in terms of sales due to
Day Zero in Cape Town has been extended to enable Government prepare for its disaster.
The natural disaster day (Day Zero) in Cape Town which is suppose to be on Tuesday because of the historical drought has been shifted. This decision is as a result of the gravity of drought … Read More
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 … Read More
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 … 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