Monday, September 16, 2019
On Monday, the Transmission Company of Nigeria (TCN) inaugurated a 100MVA transformer at Alimosho substation, Lagos. The objective of the installation is to boost electricity supply to residents within Ikeja Disco, The Nation Online reported. According to Usman Mohammed, the...
Africa’s telecoms market is in a state of flux, and some operators are seeing huge potential. Orange, for example, is to build a $50 million headquarters in Ivory Coast, and has launched in Sierra Leone. Yet others are pulling back....
South Africa’s Dube Trade Port Special Economic Zone (DTP SEZ) in Kwazulu province is set to undergo expansion at a cost of US $1.2bn. MEC for Economic Development, Tourism and Environmental Affairs, Mr Sihle Zikalala  unveiled the reports. “If the...
Multi-asset Africa-focused energy and resource company, Kibo Mining, has announced it has completed the acquisition of an 85% interest in the Mabesekwa Coal Independent Power Project (MCIPP) with Sechaba Natural Resources Limited. Located in Botswana, the project  complements Kibo’s Mbeya...
Barclays Africa Group Ltd. may halve the number of top jobs at its South African retail and business bank as it reorganizes after its British parent cut its stake, according to a person familiar with the matter. The Johannesburg-based lender started...
Construction of US $1.5m N1 highway pedestrian bridge in Pretoria, South Africa is set to be completed soon and will be ready for use by pedestrians and cyclists near Hoërskool Waterkloof. This is according to South African National Roads Agency...
Development experts often explain the poor economic and governance performance of many African countries by the “resource curse.” The associated rent-seeking behavior of unaccountable leaders looking for easy money rather than developing productive industries could be reversed with effective...
Egypt is set to construct 20 new cities of the fourth generation in bid to  improve life quality, increase residential area and absorb population surge in the most populous Arab country. Egyptian Prime Minister Mostapha Madbouly, confirmed the reports and...
The African Development Bank (AfDB), in a bid to improve renewable energy development, will spend US $12bn in Burkina Faso, Djibouti, Eritrea, Ethiopia, Mali, Mauritania, Niger, Nigeria, Senegal, Sudan and Chad. The objective is to provide power for household use, Small and Medium...
Investment company, Teleology Holdings has finalised its takeover of 9mobile with payment of $50 million in fulfilment of the terms for the acquisition of the telecommunications company. Teleology has detailed a plan of action that will guide its rapid overhaul...
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