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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UPGRADE OF SOUTH AFRICA’S SOWETO BRIDGE COMMENCES

UPGRADE OF SOUTH AFRICA’S SOWETO BRIDGE  COMMENCES

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 …

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GAME OF THRONES THEMED HOTEL OPENS IN LAPLAND FINLAND

GAME OF THRONES THEMED HOTEL OPENS IN LAPLAND FINLAND

Winter is here to stay as Finland opens a “Game of Thrones” themed hotel.

Fans who have long dreamed of visiting the mythical Seven Kingdoms can now get the ultimate Westeros experience.

The GOT themed hotel which is located in Finnish Lapland, an hour-and-a-half flight from Helsinki has 30 standard …

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GHANA CARGO TRAFFIC REACHES 21m METRIC TONNES

GHANA CARGO TRAFFIC REACHES 21m METRIC TONNES

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 …

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NIGERIA MAKES N150bn FROM PADDY RICE PRODUCTION

NIGERIA MAKES N150bn FROM PADDY RICE PRODUCTION

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 …

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SAMSUNG: TAX INCENTIVES PREREQUISITE FOR NAIROBI ASSEMBLY PLANT

SAMSUNG: TAX INCENTIVES PREREQUISITE FOR NAIROBI ASSEMBLY PLANT

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 …

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Egypt president Sisi makes peace with Sudan

Egypt president Sisi makes peace with Sudan

Egypt President Sisi said there is no conspiracy against Sudan and has no plan to fight in reference to the rising tension. 

Relations have deteriorated in recent weeks, including over a Sudan-Turkey naval agreement that angered Cairo and an ongoing dispute over a dam Ethiopia is building on the Nile …

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