Lagos-Ibadan Expressway now 40% complete after inspection by Federal controller of works.
Reconstruction of lagos-Ibadan expressway is at 40% according to Nigeria Government. Adedamola Kuti, who is a federal controller of works notify the public about the project.
According to Kuti, the road project is on track to meet its … Read More
Outstanding Road debt set to be paid after fund collaboration between Ministry of Roads and Highways and Ghana Cocoa Board.
Plans are in motion from Ghana Government to release US$1billion to pay debt for road construction. This was announced by the Minister of Roads and Highways, Kwasi Amoako-Attah during a … Read More
Liberia sign Rubber financing deal worth US$10 million for 20 years with NRI.
Rubber production is an important sector for Liberians. The sector provides majority of the nation export revenues which made the Liberian senate house to approve the rubber financing deal.
The deal which is worth US$10 million will … Read More
Ghana Government to purchase 30 rolling stones with approved funds
Ghana Government has approved funds worth US$230million for several railway redevelopment projects. This fund will be use to purchase 30 rolling stones for the rails.
The stone will be mounted on the new rail line which is currently under construction. … Read More
Tanzanian And Ugandan Collaborate in Oil Exploration
Tanzanian Energy Minister, Dr Medard Kalemani said Tanzania have teamed up with Ugandan to conduct oil exploration at various areas in Tanzania.
The Minister said this at a recent workshop for the parliamentary committee on energy and minerals members. He also said that … Read More
G-24 Finance Ministers and Central Bank Governors’ are currently Meeting in Washington DC. These leaders will be attending the World Bank/International Monetary Fund Spring Meetings. Most importantly, they will be deliberating on how to ensure economic growth benefits the many and not the few. Most African countries suffer from … Read More
The Biggest Solar Plant in Africa
The Borno State Government which is in the Northern part of Nigeria, has unveiled Africa’s biggest Automated Solar plant. This solar plant has beat South Africa and Egyptian solar plants to becoming the biggest in Africa. The Automated Solar Panel manufacturing Plant will aim … Read More
Egypt Government making plans to borrow fund to fill budget deficit.
Egypt Government is planning to borrow EGP 478.5bn from the local market to fill their budget deficit. This fund will be use in the second quarter as the Finance Ministry plans to launch Treasury bill (T-Bill) and bond (T-Bonds).… Read More
National Assembly approve Division of revenue bill that will determining each province’s equitable share.
In the quest to have a stability, South Africa’s National Assembly has approve the division of revenue bill. The Division of Revenue bill will provide for equitable division of funds raised nationally. It will also be … Read More
Nigeria overtakes Egypt as the largest rice producer in Africa
The biggest economy in Africa is now also the largest rice producer in Africa. According to Director-General, Africa Rice Center, Benin Republic, Dr Harold Roy-Macauley, Nigeria has overtaken Egypt as the largest rice producer in Africa.
Egypt which was producing … Read More
Akwa Ibom state have launched Ibom Air
After several months, the Akwa Ibom Government have just launched its new airline company, Ibom Air. The Airline is among Governor Udom Gabriel Emmanuel’s key projects for the state.
Although Ibom Air is completely owned by the Akwa Ibom State Government; its management … Read More
Before the elections commence in Africa, what do investors need to know?
Political instability which is an investors nightmare, is also one element hindering infrastructural development in Africa. Most times, especially in Africa, political unrest usually arises during election period – change in government.
Some African countries this year 2019 … Read More
Zimbabwe’s US$1.2-billion loan request rejected; South Africa says it doesn’t have “that kind of money”
A spokesman for the finance ministry in South Africa today said , South Africa rejects the request from its neighboring country Zimbabwe for US$ 1.2 billion loan.
The national spokesman Jabulani Sikhakhane said, “South … Read More
Dredging process at Lake Victoria kick-off today in Kenya.
Kenya government has kick-off the dredging process on lake Victoria. This process will help boost the nation transportation sector as well as growing the sector. Meanwhile, the process will help ease the vessel navigation.
The project will help eradicate water hyacinth … Read More
Semwa Dam construction resume after the project was included in Zimbabwe 2019 budget.
Construction of the Semwa dam is set to resume in Zimbabwe after funds were provided. The project which kick-off in 2014 was originally set for completion in three years time but had financial issues.
According to report, … Read More
Chief Justice Ibrahim hamais Juma warns the government against meddling with the judiciary.
Head of Tanzania’s judiciary, Chief Justice Ibrahim Hamis Juma, has warned politicians to stop mingling with matters concerning the judiciary.
He was speaking at a press briefing in connection with the country’s Law Week celebrations which marks … Read More