Sunday, August 18, 2019
Independent investment firm RisCura has released its latest report on investing in Africa,Bright Africa 2018, which highlights that Africa’s consumer and business spending is expected to reach $6.7 trillion by 2030. The report segments Africa into nine meaningful markets, or...
Tesla recently unveiled its new all-electric semi-truck with the hope of shaking up the auto industry once again. Billed as quicker and more economical than today’s diesel-powered trucks, the Tesla Semi was designed and built to be like a bullet...
The Democratic Republic of Congo on Tuesday announced a deal with Chinese and Spanish partners for the development of a much-delayed $14 billion hydroelectric project. The Inga 3 project is part of a major programme to expand hydroelectric dams along...
The Nakuru County government in Kenya has set aside US $10m for a major renovation of Afraha Stadium. Acting County Executive Committee Member for Youth, Gender, Culture, Sports and Social Services, Dr Peter Ketyenya confirmed the reports and said...
The Ministry of Transport, Infrastructure, Housing, Urban Development and Public Works in Kenya released a public notice directing employers to start deducting 1.5% of their staff salaries as housing levy and submit the deductions to the National Housing Development...
Zambia and Zimbabwe have announced that construction works of Batoka Gorge hydro power plant which they co-share will commence next year. According to a statement from Zambezi River Authority (ZRA), feasibility studies are almost complete. Once engaged, the developer is expected...
The Governor for Laikipia County in Kenya, Ndiritu Muriithi, has announced the government’s plan to construct 2,000 affordable house units in Nanyuki, Nyahururu, Rumuriti, Wiyumiririe and other major towns in the county at a cost of US $400m. Governor Muriithi...
The World Bank has approved of $2.1bn loan for seven projects to be executed in Nigeria. The loan was announced in a statement issued by World Bank Country Director for Nigeria, Rachid Benmessaoud in Abuja on Thursday. According to the statement,...
Construction of Corbetti and Tulu Moye geothermal power projects in Ethiopia is set to commence soon. Gunnar Orn Gunnarsson, Reykjavik Geothermal (RG)’s Chief Operating Officer announced the reports and said that they are preparing to start exploration drilling in...
Construction works of the Tamale Interchange in Ghana has commenced. The Project is part of phase one of the US $2bn Master Project Support Agreement (MPSA) between the government and the Sinohydro Corporation of China to construct a number of infrastructure...
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