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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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, … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More