LIBERIA GOVERNMENT AND MCC BREAK GROUND FOR WATER PIPELINE

Posted on October 22, 2019 by Gambeta News

Raw water pipeline groundbreaking ceremony to take place soon in Liberia

Liberia Water and Sewer Corporation (LWSC) and Millennium Challenge Account (MCC) will break ground for the raw water pipeline. The raw pipeline which is worth US$18 million will be built between the dam of the Mt. Coffee Hydropower plant …

NIGERIAN GOVT SIGNS ELECTRICITY DEAL WITH SIEMENS

Posted on July 22, 2019July 23, 2019 by Gambeta News

Will this new deal help solve the nation’s problem or is this another project that will look amazing but end up being a waste of time?

Electricity is an unavoidable prerequisite to any nation’s development. These is due to its role in the socio-economic and technological development of every …

LIBERIA PRESIDENT DEDICATES NEW HEALTH FACILITY

Posted on July 22, 2019July 22, 2019 by Gambeta News

President weah commission new health facility at JFKMC, but is there funds and plans available for local healthcare centres around the country?

Health care is vital for every nation as it enable people that are injured or sick have the required treatment. This has made Liberia government to provide more …

SIERRA LEONE TO CONSTRUCT BRIDGE FOR FREETOWN INTERNATIONAL AIRPORT

Posted on June 20, 2019 by Gambeta News

President Julius Maada Bio announce tender plans for bridge construction that will link Freetown International Airport

Plans has been announced by Sierra leone Government to construct a bridge that will link the nation international airport. The project which is currently at its tender stage will help citizens when boarding any …

NIGERIA GOVT. ANNOUNCE PROGRESS OF LAGOS-IBADAN EXPRESSWAY

Posted on May 17, 2019 by Gambeta News

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 …

GHANA GOVERNMENT TO RELEASE FUND FOR OUTSTANDING ROAD DEBT

Posted on May 13, 2019 by Gambeta News

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 …

LIBERIA SENATES APPROVES US$10M RUBBER FINANCING DEAL

Posted on May 13, 2019May 21, 2019 by Gambeta News

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 …

GHANA GOVT. APPROVES FUND FOR REDEVELOPMENT OF RAILWAY PROJECTS

Posted on May 10, 2019 by Gambeta News

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. …

TANZANIAN TEAM UP WITH UGANDAN IN OIL EXPLORATION

Posted on April 17, 2019 by Gambeta News Staff

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 …

AFRICA’S FINANCE MINISTERS MEET IN WASHINGTON DC

Posted on April 12, 2019April 13, 2019 by Gambeta News

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 …

NIGERIA GOVT BUILT BIGGEST SOLAR PLANT IN AFRICA

Posted on April 4, 2019April 4, 2019 by Gambeta News Staff

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 …

EGYPT GOVERNMENT PLANS TO BORROW EGP 478.5BN TO FILL BUDGET DEFICIT

Posted on April 1, 2019 by Gambeta News

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).…

SOUTH AFRICA NATIONAL ASSEMBLY APPROVES DIVISION OF REVENUE BILL

Posted on March 14, 2019 by Gambeta News

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 …

NIGERIA NOW LARGEST RICE PRODUCER IN AFRICA

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

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 …

AKWA IBOM STATE LAUNCHES IBOM AIR

Posted on February 20, 2019 by Gambeta News Staff

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 …

WHAT INVESTORS SHOULD KNOW AS SOME OF AFRICA’S BIGGEST ECONOMIES HEAD TO POLLS

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

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 …

SOUTH AFRICA DECLINES ZIMBABWE US$1.2 BILLION LOAN REQUEST

Posted on January 21, 2019January 21, 2019 by Gambeta News Staff

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 …

KENYAN GOVERNMENT START DREDGING ON LAKE VICTORIA

Posted on January 18, 2019January 18, 2019 by Gambeta News

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 …

CONSTRUCTION OF SEMWA DAM RESUME IN ZIMBABWE

Posted on January 14, 2019 by Gambeta News

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, …

TANZANIA CHIEF JUSTICE WARNS POLITICIANS NOT TO MINGLE WITH JUDICIARY MATTERS.

Posted on January 24, 2018January 24, 2018 by Gambeta News

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 …