CONSTRUCTION DEAL BOOST HOUSING IN YOBE STATE, NIGERIA

CONSTRUCTION DEAL BOOST HOUSING IN YOBE STATE, NIGERIA

Gov buni sign deal with Family Homes Fund for the construction of 2600 housing units in the state.

Governor of Yobe State, Mai Mala Buni has signed a deal with management of Family Homes Fund for the construction of 2600 housing units. This housing unit will be spread across Yobe …

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WORLD BANK TO INVEST US$300M INTO GHANA COCOA INDUSTRY

WORLD BANK TO INVEST US$300M INTO GHANA COCOA INDUSTRY

World Bank making plans to invest in Ghana Cocoa industry.

Cocoa is Ghana chief agricultural export and cash crop. This is why the World Bank is investing fund to help shore up production of the crop over the next five years.

The project which is under the Cocoa Sector Value …

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FCDA SAYS NIGERIA NEEDS US$3TRN TO SOLVE INFRASTRUCTURE DEFICIT

FCDA SAYS NIGERIA NEEDS US$3TRN TO SOLVE INFRASTRUCTURE DEFICIT

Federal Capital Development Authority says nigeria need US$3trn but can they manage and use the money wisely to solve this problem if they eventually get the fund?

Federal Capital Development Authority (FCDA) announced in Abuja that Nigeria needs US$3trn to solve their infrastructure deficit problem. This fund will be for …

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PICTURES OF AFRICA50 INFRASTRUCTURE EVENTS IN RWANDA

PICTURES OF AFRICA50 INFRASTRUCTURE EVENTS IN RWANDA

Africa50 is an infrastructure investment platform that contributes to Africa’s growth . This is through developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. The two-day General ShareHolder Meeting is from 9-10 july in Kigali, Rwanda.

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AFDB PREPARE FINANCIAL PACKAGE FOR ZIMBABWE

AFDB PREPARE FINANCIAL PACKAGE FOR ZIMBABWE

AFDB to prepare financial package for Zimbabwe after impressive economic reform

Africa development Bank has set up a plans to help Zimbabwe. The financial package comes as a result of the nation impressive political and economic reforms.

Speaking during the 54th Meeting of Boards of Governors of the AfDB, Dr …

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MOZAMBIQUE PRESIDENT CALLS FOR RECONSTRUCTION FUND

MOZAMBIQUE PRESIDENT CALLS FOR RECONSTRUCTION FUND

President Nyusi calls for speed in disbursing Reconstruction funds.

Mozambique President Filipe Nyusi has ask funding agencies to disburse promised fund for reconstruction work. Speaking during the international post-cyclone pledging conference held in Beira, President Filipe stressed the urgency of putting the promised financing to work.

According to the President …

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KENYA REQUEST US$750M FROM WORLD BANK FOR DEVELOPMENT

KENYA REQUEST US$750M FROM WORLD BANK FOR DEVELOPMENT

Kenya Government request US$750million from World Bank for infrastructural developments

Kenya Government has ask for fund from the world bank for development of different infrastructure. The fund will be use to provide affordable housing, agriculture and other projects. The request is worth US$750million.

The request is the first time in …

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ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

Ghana sign deal with Ethiopian Airline to establish a national airline in Accra.

Ethiopian Airline has sign a deal with Ghana government to establish a national airline in Accra. The deal is a joint investment from the Ghanaian government, the private sector, and the Ethiopian airline.

According to the deal, …

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NIGERIA GOVT. REQUEST FRESH LOAN FROM CHINA EXIM BANK

NIGERIA GOVT. REQUEST FRESH LOAN FROM CHINA EXIM BANK

Chibuike Rotimi Amaechi say nigeria to request fresh loan form china exim bank

Nigeria has requested a loan from China Exim Bank for the construction of a coastal line. The fund which is worth US$ 1.8billion will help the completion of the project according to Minister of Transportation.

The actual …

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VANDALISATION OF ELECTRICAL EQUIPMENT AFFECTING KENYA POWER

VANDALISATION OF ELECTRICAL EQUIPMENT AFFECTING KENYA POWER

Kenya Power spends Sh5.5 billion on installation of electricity due to vandalism.

Kenya Power has announced that the constant vandalism of electrical materials is affecting them. This has result in the distribution company spending Sh5.5 billion in installation of street lights in Nairobi alone.

The distribution company has make sure …

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INVESTORS TO INVEST IN CBE TREASURY-BILLS

INVESTORS TO INVEST IN CBE TREASURY-BILLS

Central bank of Egypt (CBE) to offer 23 investors treasury bills (T-bills).

Over twenty-nine foreign and domestic investors has offer to invest in the Central bank of Egypt (CBE) treasury bills (T-bills). The T-bill which was issued out this week will allow bank to subscribe with a minimum of US$100,000.…

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IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

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 …

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WEMA BANK SECURES US$35m CREDIT TO FUND SMEs

WEMA BANK SECURES US$35m CREDIT TO FUND SMEs

Wema Bank gets US$35m Line of Credit to support SMEs.

Wema Bank Plc have secured a line of credit (LOC) from international lenders. The LOC is specifically to grow  financial support for small and medium scale enterprises (SMEs) in Nigeria.

The bank received US$15 million and US$20 million from African …

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