GERMANY ISSUES GRANTS TO GHANA’s TERTIARY EDUCATION

Posted on March 15, 2019 by Gambeta News

Germany issues grants worth 200,000 Euros to two tertiary institution in Ghana.

Ministry of Culture and Science of the North-Rhine Westphalia State in Germany has issues grant worth 200,000 Euros to Ghana. This will be use to enhance technical education in the country for two universities.

The grants will be …

IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

Posted on March 5, 2019March 5, 2019 by Gambeta News

IFA gets fund for infrastructure development in six African nations

Investment fund Africa IFA has secure US$6 billion for infrastructure development in Africa. This IFA fund is the first phase of its drive towards infrastructure development in Africa. The deal was announced during an interview with investment fund’s chairperson and …

RWANDA SIGNS US$400m METHANE GAS PRODUCTION DEAL

Posted on February 6, 2019February 8, 2019 by Gambeta News

Rwanda signs deal to extract methane gas from Lake Kivu

The Rwanda government have signed a US$400 million deal with Gasmeth Energy Ltd to extract, process, compress and also bottle methane gas from Lake Kivu. The signing of the seven years deal took place on Friday 1st February 2019 but …

BEST COUNTRIES TO INVEST IN AFRICA 2019

Posted on January 31, 2019February 1, 2019 by Gambeta News

RMB gives report on best countries to invest in Africa for 2019

Many investors are in search of the best countries to invest in Africa; as Africa is fast rising to become a very fertile investment destination. The continent is in dire need of roads, rails, ports, airports, power grids …

PLANS UNDERWAY TO BUILD INDUSTRIAL HUB IN LIMPOPO

Posted on January 24, 2019January 24, 2019 by Gambeta News

Construction plans for Marula Industrial Hub in Limpopo is underway.

South Africa is making plans to build a multi-million dollar hub in the heart of Limpopo. The hub will help boost processing facilities. It will have a research centre plus also have every agri-business support service. These services will help …

RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

Posted on November 5, 2018 by Gambeta News

Rwanda and Alibaba sign an electronic world trade platform (eWTP) agreement to help boost economy.

The Rwandan government and Alibaba Group, a leading international online commerce company; have signed three (3) Memoranda of Understanding (MoU) to help boost the country’s economy.

Under the agreement, Alibaba have also established an electronic …

NIGERIA RECEIVES €31m FROM GERMANY’S KfW DEVELOPMENT BANK

Posted on November 5, 2018 by Gambeta News

KfW development Bank supports Nigeria’s Infrastructure development with €31 million investment.

To help boost infrastructure development in Nigeria; the largest investment bank in Europe, KfW Development Bank have invested €31 million. Receiving the €31 million investment is Infrastructure Credit Guarantee Company Ltd (InfraCredit). InfraCredit is a specialised infrastructure credit enhancement …

CHAD TO RECEIVE US$125m SUPPORT FROM WORLD BANK

Posted on October 31, 2018 by Gambeta News

Chad to get US$125 million developmental support from World Bank

To help support developmental projects in the Chad; World Bank have announced a US$125 million support for the Central African country.

Acoording the the Bank, the support will two frameworks. The signatories for the support agreement were Chadian minister of …

NIGERIA SIGN MoU WITH JAPAN ON INFRASTRUCTURE INVESTMENT

Posted on September 14, 2018 by Gambeta News

Nigeria and Japan sign MoU on Infrastructure Investment.

For the promotion of quality infrastructure investment between Nigeria and Japan, both countries have signed a memorandum of understanding (MoU). Representing both countries for the MoU signing in Abuja was Nigeria’s minister of transportation Rotimi Amaechi and Japan’s State Minister of Land, …

CHINA OFFERING US$60bn IN FINANCING FOR AFRICA

Posted on September 4, 2018 by Gambeta News

China to support African development with US$60 billion

China president Xi Jinping yesterday said the Chinese government will be financing Africa with US$60 billion. He added that Chinese companies will also invest at least US$10 billion over the next three years. He made this statement at the opening ceremony of …

TANZANIA MORE FAVORED WITH THE US$ 175bn GAS ROADMAP PROJECT

Posted on July 27, 2018July 27, 2018 by Gambeta News

Tanzania will benefit from US-led initiative to invest in gas plants in Africa.

US companies will invest US $175 bn in gas power projects in Tanzania and eight other African countries. Other countries include Kenya, Côte d’Ivoire, Ghana, Nigeria, Senegal, Angola, Mozambique and South Africa.

The countries were picked for …

AfDB : US$ 30m TO CONCLUDE CONNECTIVITY IN KENYA POWER SECTOR.

Posted on July 27, 2018 by Gambeta News

Kenya Power will see its funding for the Last Mile Connectivity Project doubled by African Development Bank (AfDB).

AfDB gives Kenya US $30m for the first phase and second phase one of the Last Mile project money. The funds will cover 600,000 Kenyan households connected to electricity with 314,000 targeted …

KENYA GOVERNMENT SEEKING TO LOWER COST OF PROJECTS

Posted on June 20, 2018 by Gambeta News

Kenya Government looking to lower costs of crucial projects

The government of Kenya through the Kenya Roads Boards (KRB), is in search of researchers, contractors and suppliers who will help to reduce its budgetary costs by at least 25%. Reducing the costs will enable them achieve more developmental projects.

Chair …

KENYA GOVERNMENT TO GIVE FUNDS TO COUNTIES FOR DEVELOPMENT

Posted on April 5, 2018 by Gambeta News

Kenya government set to release funds for counties to develop their various areas.

The Kenya government has given the sum of Sh2 billion to counties in the country. The aim of the fund will be use for building, equipping and renovating polytechnics in the area. It will also support county …

IBOM DEEP SEAPORT SEEK FUNDS FOR DEVELOPMENT IN NIGERIA

Posted on January 12, 2018 by Gambeta News

Promoter and the Nigeria government is seeking funds to develop the Ibom Deep Seaport which will drive inclusive economic growth in Nigeria and the West and Central African sub-region.

The promoters and the Nigeria government is currently seeking funds for the development of ibom deep seaport which will be located …

GROWTH IN GHANA’S MANUFACTURING SECTOR

Posted on October 5, 2017 by Gambeta News

Ghana’s manufacturing sector experiencing growth as Government addresses major industry challenges.

Ghana Statistical Service has just reported that the country’s manufacturing sector has recorded a 6.6% growth in quarter two(2) of 2017, this is a positive result when compared to 5.9% growth of quarter one (1).

The manufacturing sector which …