Author: Gambeta News

Air France, KLM JV and KQ forms Joint Venture  Air France which merged with the dutch KLM in 2004 have signed a joint venture with Kenyan Airways (KQ). This agreement allows for direct flights between Paris and Nairobi. Passengers can now connect to 26 and 57 other destinations beyond Nairobi and Paris, respectively. Air France will operate three weekly flights between Nairobi and Paris. It will be flying its latest Boeing 787 Dreamliner on this…

European Investment Bank (EIB–the EU bank) unveils US$25m Solar System Project For Africa The European Investment Bank (EIB) have signed a financing agreement for the installation of solar systems in some African countries. The agreement is between EIB and d.light design inc. d.light is a global leader in solar-powered solutions for people without access to reliable electricity. The solar system will strengthen access to energy in Nigeria and four other African countries and will worth US$25 million. According…

Namibia, the “Germ of Africa,” a unique and popular place to be Namibia is a country in southwest Africa. This country is a home to diverse wildlife, including a significant cheetah. The official language is English. In terms of land area, it is the 34th largest country in the world with 825,615 square kilometers. Namibia is one of the least crowded destinations on the planet. Its name was gotten from the Namib Desert- one of the…

Dubai company DP World to build and manage Port in Democratic Republic of the Congo (DRC). DP World have just won a 30-year management and also development permit for a multi-purpose port in Democratic Republic of the Congo (DRC). DP World operates multiple businesses from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.  Its headquarters in Dubai. The company will invest US$350m to construct a 600-meter quay and a 25-hectare yard extension….

Dangote Cement Plc to raise US$800m from issuing Eurobonds Africa’s largest producer of the building material, Dangote Cement Plc plans to raise N300 billion (US$833 million). Dangote Cement Plc have approval from the Securities and Exchange Commission (SEC) and other regulators to raise this fund through local currency bonds. Dangote Cement, the most capitalized stock in the NSE wishes to use the fund for its expansion and also to refinance its debt. According to Brian Egan, the company’s Chief…

ECOWAS to receive gift from China. The 15- member regional group, Economic Community of West African States (ECOWAS), due to increasing number of staff, operates from three (3) separate building in Nigeria’s capital city, Abuja. China, continuing its strategy of diplomacy through construction, is gifting ECOWAS a new headquarters in Abuja which will cost US$31.6m. Jean-Claude Brou, president of the ECOWAS and China’s ambassador to Nigeria Zhou Pingjian, signed an MOU on March 14. The design…