Ghana’s Cabinet Members approve kumasi road infrastructure development
Cabinet Member of Ghana has approve fund for the rehabilitation of 100-kilometer road infrastructure in Kumasi roads. This funds will help rehabilitation road such as Bantama Sub metro, Kwadaso, Manhyia, Oforikrom, Suame, Subin, Asokwa, Nhyiaeso and Tafo Pankrono.
During the briefing on … 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
Ghana to reduce excess electricity spending after President Nana Akufo-Addo directive.
Ghana Government has announced that they lose US$30m annually due to spending on excess electricity capacity. The Minister of Energy John Peter Amewu made the announcement during the American Chamber of Commerce (AMCHAM) in Ghana forum.
The theme of … Read More
Egypt government in talks with Hassam Allam Holding to build two water treatment plant worth EGP 2bn.
Egypt is negotiating a deal with Hassam Allam Holding to build two water treatment plant. This water treatment plant will help improve the utility of drinking water and sewage according to Egypt’s 2030 … Read More
FEC approve construction of new facility of art building at Adamawa State University.
Nigeria Federal Executive Council (FEC) has approve the construction of a new university building. The new building facility will be at Adamawa State University, Mubi town in the state.
The approval was announced by Minister of Education, … Read More
Rwanda Government is considering creating a database for deoxyribonucleic acid (DNA) and biometric data for all Rwandans
Rwanda is making plan to introduce DNA Database to its citizens. This is after Minister for Justice and Attorney General, Johnston Busingye disclosed the information during the ‘Justice Week’ in kigali.
The aim … Read More
Expansion of Dube Trade Port Special Economic Zone (DTP SEZ) phase II in motion worth R18 billion
The Expansion of Dube Trade Port is underway in South Africa. This is after funds worth R18 billion investment was unveiled as part of the second phase for Dube Trade Port Special Economic … Read More
Peacock Aviation and Turkish Airlines agrees lowest possible air freight rates on a wide range of general and special goods in Nigeria
Nigeria Airfreight subsector is set to have a boost after top firm agreed to work together. This firm which include Peacock Aviation and Allied Services Limited will partner … Read More
MIIC held talks with Ministry of Transport to discuss ways of raising fund from financial institutions.
Egypt Ministry of Investment and International cooperation (MIIC) are negotiating with several financial institutions to raise funds. This funds which is worth US$2bn will be use for transportation project in the nation.
The announcement … Read More
Exim Bank of India set to promote Zimbabwe Infrastructure.
India Exim Bank is making plans to share its infrastructure ideas with Zimbabwe. This is after the bank announced its plans to visit the nation with the aim to promote their export goods. The bank role will be to coordinate and … Read More
Kenya Dongo Kundu phase II bypass to kick-off in April of this year.
The phase II construction work of Dongo Kundu Bypass will kick-off in April. This is as confirmed by Kenya National Highways Authority Director General Peter Mundinia.
According to him, Japanese consortium Fujita Corporation/Mitsubishi Corporation is in charge … Read More
Egypt and Kenya to strengthen coordination after talk held between both nations.
Egypt’s President Abdel-Fattah Al-Sisi held talks with Delegates from Kenya over relationship coordination. The Kenyan delegates led by Foreign Affairs Cabinet Secretary, Monica Juma talked about promoting relations between the two countries.
Monica Juma during the meeting praised … Read More
Pan African Towers signs deal with Watt Renewable Corporation for Alternative Energy solution
A Telecom Infrastructure deal between Nigerian firm Pan African Towers (PAT) Limited and Watt Renewable Corporation of Canada have been signed. The N7.2 billion partnership deal will see Watt Renewable providing alternative energy solutions to power Pan … Read More
Guinea government agrees deal with AHWA worth US$207m.
Guinea’s Ministry of Housing and Urban development has sign a deal with AHWA to build 4,000 homes for its citizens. AHWA stands for American Homebuilders of West Africa (AHWA) and the deal is worth US$207m.
Guinea sign the deal with … Read More
Kenya Inflation Rate Drops
Kenya inflation rate has dropped and is already having effect on the nation’s economy. The drop in price was announced by Kenya National Bureau of Statistics. The annual inflation rate dropped from 4.7% in January to 4.14% in February 2019.
Previously, following the statistics, Kenya averaged … Read More
Government express satisfaction over construction speed of Odukpani-Calabar road project in Akwa Ibom, Nigeria
Nigerian Government has expressed their happiness over the ongoing progress of the Odukpani-Calabar road project. Julius Berger Nigeria Plc is executing the contract for the construction of the road.
The federal government through the director of … Read More
Plans are underway to construct another stadium in Zimbabwe that will host high-profile games.
The government are making plans for the construction of a new multi-million dollar state of the art stadium in Zimbabwe. These plans were revealed by the Harare City Council. The stadium will located in the South … Read More
President Ramaphosa to address the nation during SONA 2019.
President Cyril Ramaphosa is set to address South Africa during the State of the Nation Address (SONA 2019). This event is the second under President Ramaphosa government. The SONA 2019 will aim to inform the nation about its present economic, political, … Read More
BDEAC plans to finance development projects in DR Congo.
Plans are underway by the Development Bank of the Central African States (BDEAC) to finance projects in Democratic Republic of the Congo. This is the first time that BDEAC is financing any project in the nation.
The bank is prioritizing the … Read More
Africa’s biggest airport hotel opens to the public in Ethiopia
Ethiopia has opened Africa’s biggest airport hotel in the continent. The 5 star Ethiopian Skylight hotel which is worth $USD 65 million will help boost the nations tourism sector. The hotel is owned by the Ethiopian Airline as a medium … Read More