Gambeta News, Author at Gambeta News

KENYA’S JAVA GROUP SET TO INVEST UP TO 10 MILLION WITH PLANS INCREASE ITS NETWORK.

Posted on 23 January 2018 by Gambeta News

Kenya’s Java group set to increase its foothold in the country. Java Group, the leading restaurant chain in Kenya, is set to invest between Ksh500 million (about $5 million) and Ksh1 billion (about $10 million) in an expansion drive that is part of the company’s plan to increase its foothold in the country. Kenya plans to invest between Ksh500million ($5 million) and Ksh1 billion ($10 million) to expand the java Group (the prime restaurant chain…

MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

Posted on 22 January 2018 by Gambeta News

Quarterly meeting held by Ghana’s Central Bank’s Committee on Monetary Policies to review the country’s economy. Bank of Ghana committee on monetary policies met on the 19th of January 2018 for its quarterly meetings to review Ghana’s economy. The meeting which is the first for this year will be concluded today 22nd January 2018, with the committee releasing the policy rate for the year. The Central Bank in 2017 alone reduced the policy rate by…

ETHIOPIA DECLINES ARBITRATION FROM WORLD BANK OVER NILE WATER DISPUTE.

Posted on 22 January 2018 by Gambeta News

Ethiopia and Egypt are at rival over the construction of the Ethiopians Renaissance Dam. Ethiopia’s Prime Minister Hailemariam Desalegn turned down the idea by Eygpt for World Bank arbitration in a dispute over a hydroelectric dam Addis Ababa is building along its share of the Nile. With discussions deadlocked for months over the wording of a study on its environmental impact, Egypt’s Foreign Minister Sameh Shoukry proposed late last month that the World Bank…

KENYA TO HOLD COUNTRY’S FIFTH DEVOLUTION CONFERENCE.

Posted on 22 January 2018 by Gambeta News

Kenyan’s to focus investment on Agriculture, Energy and Trade. Kenya’s Council of Governors (CoG) has agreed to hold the country’s fifth Devolution Conference this year (Devolution is the transfer or delegation of power to a lower level, especially by a country’s central government to local or regional administration). The Council said in a statement that the Conference will be a sector-based event covering health, agriculture, energy and infrastructure, and trade and cooperatives. According to a World…

TOWER AND CONNECTIVITY SERVICE CHARGES DWINDLES ISPs MARKET

Posted on 22 January 2018 by Gambeta News

ISPs loss 60% of it’s earnings to tower and connectivity charges. 90% of Internet Service Providers (ISPs) in Nigeria have gone out of business among them are Swift, Spectranet, Direct on Data and Smile Communications. Surviving ISPs are complaining that 40% of their earnings is spent on tower operations, while 20% goes for connectivity charges, with this rate the Federal Government’s plan of having 30% broadband penetration this year will no be visible. In the…

GERMANY PROVIDES US$27m FOR ENERGY ISSUES IN NIGERIA

Posted on 19 January 2018 by Gambeta News

Nigeria to get US$27m from Germany to tackle energy issues. According to German Ambassador to Nigeria, Bernhard Schlagheck, The German government has provided a total of US $ 27m to Nigeria, to address energy and climate change issues in the country. The sponsorship which is termed Nigerian Energy Support Programme (NESP), would be implemented by the German Development Corporation (GIZ). The German government Technical Advisor Group, will also provide mobile care hospitals for the Nigerian military with…

MOROCCO AWARDS CONSTRUCTION OF PUMPED STORAGE HYDROELECTRIC PLANT

Posted on 19 January 2018 by Gambeta News

VINCI Construction company to build pumped storage hydroelectric plant in Morocco. The Moroccan government has awarded the contract to construct a US$346m pumped storage hydroelectric plant (PSP), near Agadir to a French-based company VINCI Construction company. The project which is part of the development and integration plan for renewable energies, includes execution studies, civil engineering works, supply and transfer of equipment, assembly, testing and commissioning of the station. The civil engineering works will include the excavation of two basins, the digging…

ANNUAL GOLD PRODUCTION IN MALI UP BY 5%

Posted on 18 January 2018 by Gambeta News

Mali’s gold production increased by 5%. Production of gold in Mali increased by 5% from the previous year the figure exceeds the 46.9 t that Africa’s third-largest producer managed in 2016 and was well ahead a forecast of 45 t that the government had predicted half way through 2017. Karim Berthe, Deputy Director of Mali’s Department for Mines and Geology, said in a statement “There was real progress in the industrial mines … a net improvement…

UPGRADE OF SOUTH AFRICA’S SOWETO BRIDGE COMMENCES

Posted on 18 January 2018 by Gambeta News

Owing to the over-topping during heavy rainfall, the Johannesburg Roads Agency (JRA) have kicked off reconstruction work on the soweto bridge over Klipspruit river, in Soweto. According to statement by JRA, the bridge in Klipspruit West is known to bring traffic to a halt during heavy downpours, rendering it unsafe for pedestrians due to the increased water levels on low lying areas of the structure. The bridge will be closed throughout the construction period which is from January…

KENYAN FARMER TO SUE GOOGLE

Posted on 18 January 201818 January 2018 by Gambeta News

A Kenyan farmer requesting for payment for destruction of his crops from google. Project Loon a Google programme sited at Joseph Nguthari’s property in Nthambiro, Igembe Central is a global netwrok of high attitude balloons that reaches the stratosphere, about 20km above the earth, the majorly act as mobile phone towers and provides 4G internet. Nguthari says the device was radiating a lot of light attracted many people who entered his farm without caution…

GAME OF THRONES THEMED HOTEL OPENS IN LAPLAND FINLAND

Posted on 17 January 20186 March 2018 by Gambeta News

Winter is here to stay as Finland opens a “Game of Thrones” themed hotel. Fans who have long dreamed of visiting the mythical Seven Kingdoms can now get the ultimate Westeros experience. The GOT themed hotel which is located in Finnish Lapland, an hour-and-a-half flight from Helsinki has 30 standard rooms and suites, all made of ice and snow. It changes in shape, size and design every year. Covering an area of about 20,000 square meters, the…

ETHOPIA’S OPPOSITION LEADER SET FREE

Posted on 17 January 2018 by Gambeta News

Merera Gudina set free after a year of detention On 3 of January Prime Minister Hailemariam Desalegan announced that the government will pardon several convicted politicians and those with cases in court so as to enhance oneness in the nation, Merera Gudina was released today being the first political prisoner to be released. Merera, the leader of the Oromo Federalist Congress, has been in prison since December 2016 and was facing multiple charges, including association…

GHANA CARGO TRAFFIC REACHES 21m METRIC TONNES

Posted on 17 January 2018 by Gambeta News

Ghana records positive increase in its cargo traffic. Reports from Ghana Ports and Harbours Authority (GPHA) revealed that a total of 21million metric tonnes of cargo was handled in 2017, which exceeded the set target of 20million metric tonnes, a 2million metric tonnes increase over the 19million metric tonnes recorded in 2016. Figures in the report showed that the gross of cargo was carted by the 1,850 vessels that called at the Tema and Takoradi ports —…

NIGERIA MAKES N150bn FROM PADDY RICE PRODUCTION

Posted on 17 January 201817 January 2018 by Gambeta News

Paddy rice production increases from 5m tonnes to 17m tonnes in 2 years. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh in a meeting with the governor of Plateau state Gov. Simon Lalong, said that “the production of rice paddy improved from 5 million to 17 million tonnes in the last two and half years”. He noted that the country would stop rice importation in the next six months to satisfy local demands. He…

South African to fund free university education says financial minister

Posted on 17 January 2018 by Gambeta News

South Africa to offer free university education to students from poor households. In a statement by President Jacob Zuma last month, he said “the government would financially support the tuition without giving details of how it would funded”. The statement shaked the financial market and critics said it was a populist promise that risked increasing an already gaping budget deficit. Report from the treasury shows that the plan is expensive for there current financial form….

Cape Town to face drought

Posted on 17 January 2018 by Gambeta News

Cape Town at the risk of running out of water by April as the city is to experience worst drought in a century. “Day Zero” (the date taps are due to run dry) has shifted forward to April 22 as city authorities race to build desalination plants and drill underground boreholes. Almost 2 million tourists go to Cape Town every year to bathe on sandy white beaches, explore natural features like Table Mountain or to…

SAMSUNG: TAX INCENTIVES PREREQUISITE FOR NAIROBI ASSEMBLY PLANT

Posted on 16 January 201816 January 2018 by Gambeta News

Tax incentives needed as prerequisite for setting up Samsung assembly plant in Kenya Korean electronics firm Samsung, has requested for tax concessions and safeguards against counterfeit imports as a prerequisite for opening its assembly plant in Kenya. The president Samsung electronics Africa, Sung Yoon on Monday said state incentives in form of tax benefits and blockage against the influx of fake phones and electronics would enable the company to set up a local production factory cost-effectively. While…

Egypt president Sisi makes peace with Sudan

Posted on 16 January 201816 January 2018 by Gambeta News

Egypt President Sisi said there is no conspiracy against Sudan and has no plan to fight in reference to the rising tension. Relations have deteriorated in recent weeks, including over a Sudan-Turkey naval agreement that angered Cairo and an ongoing dispute over a dam Ethiopia is building on the Nile river that runs through all three countries. Sudan has recalled its ambassador to Egypt without saying when he might be back and also refered the matter…

AfDB REWARDS NIGERIA AS LARGEST REGIONAL SHAREHOLDER

Posted on 16 January 2018 by Gambeta News

AfDB sets up state-of-the-art ‎office complex, to consolidate Nigeria as largest regional shareholder. According to the communications department of the ‎African Development Bank (AfDB), the bank‎ has rewarded Nigeria as the bank’s largest regional shareholder by setting up a state-of-the-art ‎office complex, which will be commissioned by President Muhammadu Buhari in Abuja.‎ Nigeria is the bank’s largest shareholder with a portfolio of about US$6 billion and its operations accounts for 13 percent of the Bank’s total portfolio. The state-of-the-art Nigeria…

Ethiopia an essential partner to UK in areas of global peace and security

Posted on 16 January 201816 January 2018 by Gambeta News

The British Embassy in Ethiopia remains an important partner of the United Kingdom in the area of global peace and security. In a statement from the Defense Attaché Colonel Matt Monro at an event organized over the weekend by the Embassy said that “Ethiopia is one of the UK’s strategic partners in global peace and security. We have been, and are keen to continue, helping improve the capacity of our partners,” In an alumni event brought together…

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