Monday, January 21, 2019
The Federal Government of Nigeria has assured that work on the Apapa corridor of the Lagos-Ibadan Rail project will commence this August. Lagos State Governor Akinwunmi Ambode confirmed the statement and commended the Government’s action expressing optimism that the development...
Considering the strong growth in mobile subscription and mobile broadband across West African countries, Nigeria inclusive, a new GSMA study, which was released at the recently concluded Mobile 360 African Forum in Abidjan, Côte d’Ivoire, has predicted that the mobile industry in...
Kenya has increased production of cheap hydropower following heavy rains that have filled up dams. Acording to Rebecca Miano, KenGen Managing Director, the overflowing dams will boost power generation in the country and also ensure stability of supply. Currrently, Masinga Dam, the...
The Board of Directors of the African Development Bank on Wednesday, 18 July  2018, approved an unfunded US$ 250-million Risk Participation Agreement with ABSA Bank Limited. This Risk Participation Agreement housed within African Development Bank’s Trade Finance operations will enhance...
Kenya’s economy grew at the fastest pace since 2016 in the first quarter as the country reaps the benefits of a calmer political climate and resurging agricultural output. Gross domestic product in East Africa’s largest economy expanded 5.7 percent in...
The African Union last year embarked on a series of reformswith an aim to improve efficiency and impact of the organ on the continental population. The reforms cover multiple aspects, including self-financing, among others. The New Times’Collins Mwai caught up with Dr...
The New Development Bank plans to lend as much as $600 million more in South Africa this year in an effort to spread funding more evenly across its five member states. The lender, backed by Brazil, Russia, India, China and South Africa,...
A group of Mozambique bondholders proposed the government pay them portions of future natural gas revenue as part of a restructuring of the nation’s Eurobonds, according to two people familiar with the discussions. The so-called Global Group of Mozambique’s Bondholders...
Malawi is set to receive US $102m fund for the Lilongwe Water and Sanitation project (LWSP) following an approval from the World Bank to fund the project. LWSP co-task team leader, Mr. Odete Maximpua confirmed the reports and said the fund...
Market research and analysis firm Frost & Sullivan have issued the 2018 Global Renewable Energy Outlook identifying global renewable investments to reach $228.3 billion in 2018. This growth is despite a detected slower year-on-year growth rate of 0.7% due to China reducing its solar uptake. The...
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