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 …
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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 …
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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 …
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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. …
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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 …
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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 …
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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 …
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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).…
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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, …
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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 …
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