Saturday, September 21, 2019
Africa and Asian countries are expected to take a strong stand on energy at the World Bank/International Monetary Fund (IMF) spring meetings in Washington, next week. They would be pushing for the Bretton Wood Institution to change the position that...
The Ministry of Mines and Energy has signed a power generation concession agreement with a Pan-African industrial group, Eranove, for the development of Kékéli Efficient Power station. The contract covers the design, financing, construction, commissioning, operation and maintenance of the power plant. The...
Eskom has rubbished weekend news reports that a World Bank loan may be recalled. Despite a recent board overhaul, the embattled power utility was downgraded by rating’s agency Moody’s late Friday. It faces further downgrades if it’s not able to service...
Mozambique is set to construct an airport in the southern province of Gaza. This is according to Mozambican President Filipe Nyusi According to the President, the technicians have already made the measurements and tested the soil. Currently, a tender has been...
Aliko Dangote has made a fortune out of cement and food processing. Now, Africa’s richest person is embarking on a bigger challenge: a $15 billion investment in oil, gas and petrochemicals that could, if he pulls it off, transform Nigeria’s...
JOHANNESBURG – Finance Minister Tito Mboweni will deliver his medium-term Budget policy speech in Parliament today amid difficult economic circumstances. However, this is the right time to announce the establishment of a South African Sovereign Wealth Fund (SWF) with its...
The Federal government of Nigeria is set to invest US $110m in reconstructing nine public buildings which are currently in a bad shape. Mr Babatule Raji Fashola, Minister of water, power and housing confirmed the reports and said said the projects would be...
The MTN Group says its commitment to list its Nigerian subsidiary on the Nigerian Stock Exchange in the next six months. Lami Adekola, co-founder of Hamilton and George joins CNBC Africa to discuss the impact this move could have...
ECOWAS on Wednesday said that it has concluded plans for sub-regional development projects worth 29.66 billion dollars for the period of 2018 to 2022. President of the Commission, Marcel Alain de Souza said this this while presenting the Status Report...
The Board of the African Development Bank has approved a US$153 million loan for Namibia to upgrade a 210 km stretch of railway in the west of the country. The support will also finance the upgrade of a section of...
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