infrastructure news Archives - Page 3 of 4

NIGERIA AIRFREIGHT SUBSECTOR TO GETS BOOST WITH NEW COLLABORATION

Posted on March 18, 2019 by Gambeta News

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 with Turkish Airlines Cargo. The aim is to help deliver efficient and on-time cargo services. The deal will help guarantee shippers in Nigeria the lowest possible air freight rates…

MIIC IN TALKS WITH FINANCIAL INSTITUTION TO RAISE FUNDS IN EGYPT

Posted on March 18, 2019 by Gambeta News

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 was made after the MIIC boss held a meeting with the Ministry of Transportation, Kamel EL-Wazir yesterday. During the meeting, MIIC will coordinate with the transportation…

ZIMBABWE TO GET INFRASTRUCTURE TIPS FROM INDIA EXIM BANK

Posted on March 7, 2019 by Gambeta News

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 act as a facilitator towards promoting project export. According to report from African Development Bank (AfDB), Zimbabwe needs over US$30 billion to revamp its aging and dilapidated…

CONSTRUCTION OF KENYA’s DONGO KUNDU BYPASS PHASE II TO BEGIN IN APRIL

Posted on March 6, 2019March 6, 2019 by Gambeta News

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 of construction. With the construction of the project set to be complete in 2 years with the cost worth Sh24 billion. Peter Mundinia said ”comparing to other Bridges, this one is…

EGYPT TO STRENGTHEN COORDINATION WITH KENYA

Posted on March 6, 2019March 6, 2019 by Gambeta News

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 the success of the last AU summit in Addis Ababa as Egypt’s President led the leadership of the union. Meanwhile, the meeting tackled other regional issues, including the latest developments…

NIGERIAN AND CANADIAN FIRM PARTNERS FOR A N7.2 BILLION TELECOM INFRASTRUCTURE DEAL

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

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 African Towers sites in Nigeria. These alternative energy solutions like solar and other renewable energies will replace the diesel-powered conventional generators. The telecom infrastructure deal between both companies aims to…

GUINEA GOVERNMENT SIGN DEAL WITH AHWA TO BUILD 4,000 HOMES

Posted on March 4, 2019March 5, 2019 by Gambeta News

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 AHWA so as to increase the standard of homes in the nation. This is because most of the homes in the nation are below the level required to address…

KENYA EXPERIENCE FALL IN INFLATION RATE

Posted on March 4, 2019March 5, 2019 by Gambeta News

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 9.64 percent in inflation rate from 2005 until 2019. In May 2008, there was a high rate of 31.50 percent and a low record of 3.18…

NIGERIAN GOVERNMENT IMPRESSED WITH ODUKPANI-CALABAR ROAD PROGRESS

Posted on February 20, 2019February 20, 2019 by Gambeta News

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 Federal Highways (South-South zone) in the Federal Ministry of Power, Works and Housing, Engr. Godwin Eke expressed their satisfaction. According to him, the company has shown commitment and…

CONSTRUCTION PLANS ARE UNDERWAY FOR ANOTHER STADIUM IN ZIMBABWE

Posted on February 15, 2019February 18, 2019 by Gambeta News

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 Western part of the Harare city. The new stadium in Zimbabwe will cater for some of the nation’s high-profile games. According to the statement, the…

SOUTH AFRICA PRESIDENT SET FOR STATE OF THE NATION ADDRESS (SONA 2019)

Posted on February 7, 2019February 7, 2019 by Gambeta News

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, and social condition. The live broadcast of this event will help address key issues in almost every sector in the nation. Deputy Minister of Department of Communications, Pinky Kekana…

BDEAC PLANS TO FINANCE DEVELOPMENT PROJECTS IN D.R CONGO

Posted on February 5, 2019February 5, 2019 by Gambeta News

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 agricultural, tourism, industrial, health, training and also the infrastructure sectors. On 31st January, delegates from the sub-regional financial institution presented a report to the Congolese Minister of…

AFRICA’s BIGGEST AIRPORT HOTEL OPENS IN ETHIOPIA

Posted on January 28, 2019January 28, 2019 by Gambeta News

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 to create a more sustainable business; especially through diversified income streams. Ethiopia is planning to lead the African aviation industry, and compete among global airlines. Ethiopian airline…

SENEGAL LAUNCHES FIRST EVER ELECTRONIC RAILWAY LINE

Posted on January 21, 2019 by Gambeta News

Senegal launches its first electronic railway line in Dakar. Senegal has just launched a new railway line that will help boost the nation’s economy. The railway line will link the capital city to different areas in the nation. This project is a part of the nation’s development goals. The railway line is been launched just barely a month to the nation’s general election. The rail project is worth about US$ 459m and will also be the…

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 and also remove sediment which will further open the lakeside port. Meanwhile, the government took so long but finally the process is in place. The project will…

MICHEL CAMP CUT ON FIRE AFTER EXPLOSION OCCURS IN GHANA

Posted on January 16, 2019January 16, 2019 by Gambeta News

Loud explosion sound heard at Michel Camp in Ghana but no death recorded. The famous Michel camp was on fire early this morning after loud explosion. The explosion occurred in the early hours, Meanwhile resident in the area looking for ways to evacuate to a safe place. The camp barrack is home to the First Infantry Battalion of the Ghana Armed Forces. It has also seen high properties belonging to the military also destroy in…

PROTEA HOTEL CONSTRUCTION DEAL AGREED IN GHANA

Posted on December 4, 2018December 4, 2018 by Gambeta News

Marriott International agreed deal with Yamusah group to build Protea Hotel in Accra. The hospitality sector is at the Heart of Africa’s economy development. The sector is very vital for any developing nation because it creates jobs and also drives social mobility. This is why Marriott International has agreed a deal with Yamusah group to build Protea hotel in Accra. The hotel will be 1.5km away from the Kotoka International Airport and will have close proximity with…

GHANA PRESIDENT AKUFO-ADDO INSPECTS OIL MILL FACTORY AND OTHER PROJECTS

Posted on November 26, 2018November 27, 2018 by Gambeta News

Ghana’s President Akufo-Addo inspect and commission different projects in the state capital. During the inspection of the Birim Oil Mill in Kade, President Akufo-Addo said; the project will enable small scale farmers to increase their cultivation of Oil palm. Meanwhile, Oil palm will serve as input for products like laundry soaps, personal wash detergents, refined cooking oil and edible palm oil. This factory will also employ over 300 skilled and unskilled individuals. Furthermore, some 10,000 workers…

KENYA THWAKE DAM GETS US$235M LOAN FROM AFDB

Posted on November 22, 2018November 22, 2018 by Gambeta News

Africa development bank (AFDB) approve two loans for the completion of Thwake dam in Kenya. Africa development bank (AFDB) is making wave this period with its latest offer to Kenya. After releasing its AIIF3 just a couple of days ago, the firm has also approve two loans to Kenya. This loan which is worth US$235m is for the completion of the Thwake dam on Thwake River in Kenya. The completion of the Dam is important because…

SASOL GET APPROVAL FOR GAS EXPLORATION IN MOZAMBIQUE

Posted on November 19, 2018November 19, 2018 by Gambeta News

Sasol company receive two license to explore gas in mozambique which will help expand its brand. Gas exploration in Africa is key towards having a good infrastructure development. This is why Africa nations mostly East Africa is striving to use this medium to help develop the nation. Mozambique has approve two licence to Sasol which will enable them explore gas to the country. Meanwhile, the licence will help to explore on an area of close…

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