Wednesday, November 13, 2019
The German government is set to invest US $86.2m in Zambia’s energy sector for its development. This is after every stakeholder in the Zambian economy agreed on the need to prioritize energy development. According to the German Ambassador to Zambia,...
Affordable houses are set to be constructed in Kakamega County, Kenya as from May this year; Governor Wycliffe Oparanya confirmed the reports as he hosted teams from the Housing Finance Company (HFC) and the United Bank of Africa (UB-A). The initiative will eventually provide...
Nigeria has put in place plans to promote clean energy. Power for All, US Global Development Lab, Power Africa, USAID-Nigeria, as well as FHI360 – a new taskforce, will be driving access to modern, clean and affordable electricity. The collaboration...
Dodoma Municipal Council in Tanzania is expected to issue a green light for the construction of a new mega bus terminal and a commercial tower complex that will improve transit connections and transform the municipality’s skyline. According to the Council,...
In oder to provide accelerated access to affordable and sustainable energy sources in the Niger Delta, Nigerian off-grid energy investment company, All On, has signed pacts with three firms. The firm said its target is to provide electricity to over...
The government of Tanzania is set to sign a contract for the construction of a new cargo and passenger ship. The new ship is expected to have the capacity to carry 600 passengers and 200 tonnes of cargo and...
A flood of money from private pension funds has driven a 33 percent surge in Ghana’s benchmark stock index this year, giving the West African country the world’s best-performing equities.  The government in December transferred 3.1 billion cedis ($690 million)...
The World Bank has approved US $486m credit and scale up facility which aims to boost electricity transmission by increasing power transfer capacity of transmission networks in Nigeria. According to the Senior Communications Officer, Nigeria Olufunke Olufon, the International Development Association (IDA) facility is...
The Federal Government of Nigeria is currently seeking a loan of about US $40bn to US $46bn to complete some ongoing rail projects and embark on new ones. This is according to Transportation Minister Rotimi Amaechi. “I think the rail sector is doing...
The Sumbawanga Airport in Tanzania is set to receive US $24.9m boost for the upgrade to international standards. On completion, the airport sets to stimulate economic growth in the region while at the same time attract business opportunities in...
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