Gambeta News, Author at Gambeta News

KENYA’S SOFTWARE GROUP AIDS ZIMBABWE BANK TO GO DIGITAL.

Posted on 23 May 201823 May 2018 by Gambeta News

Kenyan based software company leads Zimbabwean commercial bank into the world of digital banking. A Kenyan based software company, Software Group has come to an agreement with Metbank to digitize the bank’s operations. Metbank is a Zimbabwean commercial bank, with over 70,000 customers and is one of the fastest growing institute in Zimbabwe. While Software company have branches in over 65 countries globally. In the agreement, Software Group is to install agency, Internet and mobile banking platform…

NIGERIA CONSIDERS DISCONTINUING ABAJI-KOTON-KARFE ROAD PROJECT

Posted on 22 May 2018 by Gambeta News

Nigerian Government to terminate contract for Abaji-Koton-Karfe road project. The Nigerian Ministry of Power, Works and housing is threatening to terminate its contract with Bulletine Construction Company Ltd for the dualisation of the Abaji-Koton-Karfe road. According to the Nigerian government the basis for discontinuing the project is due to five months negligence by the contractor. The 49.4 km Abaji-Koton-Karfe road project ( section III of the Abuja-Lokoja Road dualisation) costs about N15.1 billion. It was initially expected to be complete…

KENYA POWER AND LIGHTING COMPANY PUTS IN US$15m TO IMPROVE POWER SUPPLY.

Posted on 22 May 201822 May 2018 by Gambeta News

Kenya Power to install new transformers and repair old substations with the aim of improving supply. Kenya Power and Lighting company (KPLC) is investing US$15 million to enhance power supply in Kisumu. The project will include repairs on existing substations and distribution lines and also installation of new transformer. The project will also touch the western and Southern Region of Nyanza and its completion will be in 2019. The transformers will be in Kisumu South, Chemelil,…

DR CONGO DEPLOYS TECHNOLOGY TO TRACK IT’S MINERALS.

Posted on 22 May 201822 May 2018 by Gambeta News

Blockchain technology used in DR Congo to track minerals from origin to consumption. Dorae Inc, has deployed blockchain technology to track cobalt, coltan and diamonds mined in DR Congo. Also, IMPACT of Canada has teamed up with technology firm Consensus to track gold from small mines. This will benefit DR Congo, as royalties paid to the government rose from 2 per cent to 10 per cent when President Joseph Kabila on March 9, signed the…

FIRST FINANCIAL TECHNOLOGY (Fintech) HUB IN RWANDA.

Posted on 21 May 201821 May 2018 by Gambeta News

Rwanda will soon be home to a hub for financial technology (Fintech), boosting start-ups in the sector. The Chief Executive Officer of Finance Innovation Joelle Durieux revealed that the French based financial services in partnership with the Government of Rwanda is to set up a Financial technology (Fintech) hub. The project aims at creating new businesses and identifying better ways for the financial sector. KLab is also one of the two mutual partners in this…

DANGOTE GETS LICENCE FOR PEUGEOT PLANT IN NIGERIA

Posted on 18 May 201818 May 2018 by Gambeta News

Dangote secures franchise for new Peugeot Assembly Plant in Nigeria The Peugeot of France group have given franchise to Dangote Group. The franchise allows the group to construct and also operate a Peugeot assembly plant in Nigeria. The Dangote-Peugeot Automobile Nigeria Limited DPAN joint venture will own the new assembly plant. The joint venture comprises of Dangote Industries Limited, Kaduna State Government, and also the Peugeot of France PSA Groupe. This is coming after Dangote…

WORLDCLASS OIL TRADERS COMPETE FOR PETROBRAS AFRICA

Posted on 18 May 201818 May 2018 by Gambeta News

Shell, Vitol and Glencore battle to buy Petrobras Africa. Three of the world’s largest oil traders are competing to buy assets of the African arm of Brazil’s petroleum corporation Petroleo Brasileiro SA (Petrobras). The three companies competing to buy the Petrobras Nigerian assets include; Shell, Vitol and Glencore. Petrobas Oil & Gas BV, or Petrobras Africa owns two world class Nigerian deep-water oil blocks containing the Agbami and Akpo producing fields operated by Total SA and…

ZIMBABWE STOPS SOLAR STREET LIGHT PROJECT

Posted on 16 May 2018 by Gambeta News

Zimbabwe halts solar street light project because of lack of funds. Failure to raise enough fund have caused the Kwekwe City Council in Zimbabwe to halt the solar street light project. Last year the council made plans of raising US$200,000 for the installation of solar-powered street lights. So as to cut down on its electricity bill. For the fund raising, each household was levied 50 cents per month, but this however failed to reach the budget. During…

AfDB APPROVES U$1.5m SOLAR POWER PROJECT GRANT IN NORTHERN NIGERIA

Posted on 16 May 201816 May 2018 by Gambeta News

Jigawa State Solar power progamme gets US$1.5m grant from AfDB. The US$1.5m grant for the implementation of Jigawa state “One Giga Watt (GW) Independent Power Producer (IPP) Solar Procurement Programme”, have received approval from the African Development Bank (AfDB). The approval shows the commitment of the bank towards developing renewable energy and also increasing energy to one GW capacity. The grant will support the completion of outstanding technical and feasibility studies. Which also include the design of a…

TANZANIA LOBBIES BIDDERS FOR CONSTRUCTION OF HYDRO POWER PLANT

Posted on 15 May 2018 by Gambeta News

Tanzania invites bids for hydro power plant project in game reserve Tanzania Forest Services (TFS) published a tender invitation on its website inviting bids to build a 2,100-megawatt (MW) hydro power plant in a World Heritage site renowned for its animal populations. Clearance of the area will pave way for the commencement of the grand hydro power generation project at the Stiegler’s Gorge in the Selous Game Reserve scheduled to start in July this year. The…

EQUATORIAL GUINEA MAKES PLANS FOR GAS MEGA-HUB

Posted on 15 May 2018 by Gambeta News

Equatorial Guinea to construct a gas mega-hub. Equatorial Guinea is planning to construct a natural gas mega-hub. The hub will consist of an offshore and onshore aggregation and processing facilities. It will also have an interlinked production with London government. The first phase of the project involves implementing a new gas supply agreement signed between the MMH and Noble Energy. This agreement will replace some of the gas production lost since the Alba field declines. Noble…

ZANZIBAR’S PEMBA AIRPORT TO UNDERGO MAJOR FACE-LIFT

Posted on 14 May 201814 May 2018 by Gambeta News

Zanzibar government to upgrade Pemba Airport. The Revolutionary Government of Zanzibar, through it’s Vice President Seif Ali Iddi, said the Pemba Airport will undergo a major upgrade to be able to accommodate bigger planes and handle international flights. There is no information for the cost of the upgrade yet. But experts from Egypt are currently undertaking various measurements on how to upgrade the airport. So the project is currently undergoing feasibility study. The African Development Bank (AfDB) will…

THE RISKS IN NIGERIA-CHINA US$2.5bn CURRENCY SWAP DEAL

Posted on 14 May 201814 May 2018 by Gambeta News

Nigeria needs to increase exports to fully benefit from the US$2.5bn bilateral currency swap deal with China. The Central Bank of Nigeria (CBN), recently signed a bilateral currency swap deal with the People’s Bank of China (PBoC) worth about US$2.5 billion. In local currencies, the swap is worth about 15 billion Renminbi (RMB) or N720 billion. The deal’s aim is to reduce the demand for U.S. Dollar by Nigerians importing from China, and consequently strengthen…

ZAMBIA TO START US$152,381 ROAD REHABILITATION

Posted on 14 May 2018 by Gambeta News

Zambia soon to begin a US$152,381 road rehabilitation. Zambia is planning to embark on a US$152,381 peri-urban road rehabilitation project. This is coming just after the conclusion of a road survey by the Luanshya Municipal Council (LMC) engineering department. The aim of the rehabilitation is to open up new areas for agriculture activities using locally generated resources. According to Luanshya Mayor, Nathan Chanda, the project for grading and graveling feeder roads are important not only to farmers but also in…

THE REHABILITATION OF THE LAGOS-IBADAN EXPRESSWAY IS ALMOST COMPLETED

Posted on 14 May 2018 by Gambeta News

The two construction companies working on the Lagos-Ibadan Expressway in Nigeria announces the near completion of the project. The rehabilitation of the 132km road project cost the Nigerian government N230 billion. The work is in sections with each construction firm working on each section. Reynolds Construction Company (RCC) is in charge Section 2 from Sagamu to Ibadan. While Julius Berger handles Section 1 from Sagamu to Lagos. Alhaji Lai Mohammed, The Minister of Information toured the…

AFRICA’S LONGEST SUSPENSION BRIDGE TO OPEN IN JUNE

Posted on 11 May 2018 by Gambeta News

Mozambique to commission Africa’s Longest Suspension Bridge in June 2018. The commissioning of Africa’s longest suspension bridge will be on the 25th of June this year. The bridge is currently under construction in Mozambique. It’s commissioning date is also the same date as Mozambique independence in 1975. The Maputo-Catembe Bridge costs a whooping US$700m. It is part of a larger project that includes a set of access roads on both banks and other roads, including one leading to…

PANDORO GAME LODGE – KRUGER NATIONAL PARK

Posted on 11 May 2018 by Gambeta News

Pandoro game lodge a luxurious getaway. Pandoro game lodge is a place to experience the wonders of safari. A 2017 winner of Africa’s best honeymoon hideaway, best luxury safari spa and best safari retreat in Africa. Pandoro game lodge is located in Balule private nature reserve on the banks of Oilfant river. Balule private nature reserve is situated inside the greater Kruger National Park. This Oilfant river attracts all sort of wildlife. There is nothing…

TANZANIA SEEKS AID FROM AfDB FOR MEGA PROJECTS

Posted on 11 May 2018 by Gambeta News

Tanzania turn to AfDB for Power and Airport projects funding Tanzania President Magufuli said that the country is in talks with the African Development Bank (AfDB) to finance two mega projects. These projects are Stiegler’s Gorge hydroelectric plant project and the modernization of Dodoma Airport. According to the president, the expectation is that construction of these projects will begin July. AfDB President, Mr Adesina Akinwumi said despite the country’s focus on the two projects, the bank is also…

REFLECTION ON THE 25th ANNUAL FIDIC-GAMA 2018 CONFERENCE

Posted on 11 May 201818 March 2019 by Gambeta News

Highlights of the 25th Annual FIDIC-GAMA 2018 conference. The FIDIC – GAMA Annual Conference is one of the biggest networking events for Consulting Engineers and their clients. Their clients include the private and public sector in the African diaspora. Attending the conference which holds annually were delegates from more than 15 countries across Africa. It serves as an excellent platform for like minded people to join in the pursuit of African partnerships for mutual benefit…

THE PALM JUMERIAH ISLAND – DUBIA

Posted on 10 May 201811 May 2018 by Gambeta News

The Palm Jumeriah island – the first man made island in Dubai The Palm Jumeriah island is an artificial offshore islands in Dubai. The island takes the shape of a palm tree, consisting of a trunk and 17 fronds. It is a chain of various islands looking like a palm tree. The Palm Jumeirah island is known for glitzy hotels, posh apartment towers and upmarket global restaurants. It is the exclusive top spot for world class chain….

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