Gambeta News, Author at Gambeta News

Tropical Cyclone Ava hits Madagascar

Posted on 15 January 201815 January 2018 by Gambeta News

Tropical Cyclone Ava ruins the eastern coast of Madagascar, 54,000 people displaced On january 5-6, Tropical Cyclone Ava passed through Madagascar with wind speeds of 140-190 kph (87 – 119 mph) devastating most part of the eastern coast of the island. The death rate had been put at about 29 people a week ago. On sunday 54,000 people were displaced by the cyclone from the records of the National Office of Risk and Disaster Management…

DANA AIR MAKES TOP 50 BRANDS OF 2017

Posted on 15 January 201815 January 2018 by Gambeta News

Dana Air named as one of the top 50 brands for 2017. At the Brands Nigeria Leadership Forum recently held in Lagos, Dana Air was named among the top 50 brands in 2017, for its innovations, Corporate Social Responsibility (CSR), popularity, national spread and online engagement. This is the the third consecutive time they are making the list. Dana Air Communications Manager, Kingsley Ezenwa, while responding to the unveiling of Dana Air and Dana Group as one of…

GHANA’S PRESIDENT COMMISSIONS TWYFORD CERAMICS FACTORY

Posted on 15 January 201815 January 2018 by Gambeta News

Ghana’s president commissions US$77.26 million Twyford Ghana Ceramics Company Limited factory. Ghana’s President Nana Akufo-Addo has commissioned a US$77.26 million Twyford Ghana Ceramics Company Limited factory, which is located in Shama District of the Western Region. The factory which will be producing and distributing tiles at a designed production capacity of 14.4 million square metres per year with annual sales projected to be US$82.8 million, will also create some 1,846 jobs. The Production capacity of the factory would reduce Ghana’s…

John Magufuli denies the proposal of increasing the presidential term from his party members

Posted on 15 January 201816 January 2018 by Gambeta News

John Magufuli rejects proposal from his party to extend presidential term Magufuli has disclosed in a statement that he is displeased by the current parley about increasing the presidential term from five to seven years, adding that there is need to focus on developing the Tanzanians econcomy. ‘‘The debate on extending the term limit is useless. Tanzanians should concentrate on building their economy,’‘ the president said. The statement came after some members of the ruling…

US$40 BILLION REQUIRED FOR COMPLETION OF LAGOS-IBADAN RAIL PROJECT

Posted on 9 January 2018 by Gambeta News

Federal Government needs US$40 billion to complete Lagos-Ibadan rail project. Nigerian Minister of Transportation, Rotimi Amaechi, said the Federal Government will be needing US $40bn to finance the ongoing Lagos-Ibadan railway project. The project have been scheduled to finish this year (2018) and so Government are currently negotiating with the contractors handling the project to raise funds. Rotimi Amaechi said between US $36bn and US $40bn will be needed, and its source is not certain at the moment,…

DECEMBER 2018: LAGOS-IBADAN SGR WILL BE COMPLETED

Posted on 14 December 2017 by Gambeta News

December 2018 set as target for completion of Lagos-Ibadan Standard Gauge Rail (SGR) line. The Minister for Transportation, Mr. Rotimi Amaechi during the end of the year news briefing and inspection of Lagos-Ibadan Standard Gauge Rail (SGR) line in Papalanto, Ogun State said, the rail line will be completed in December 2018 and be commissioned in January 2019. During the inspection, The minister said he was impressed with the level of the ongoing construction work achieved despite the…

US $100m Dry Port Design Concluded In Ethiopia’s

Posted on 13 December 2017 by Gambeta News

The Ethiopian Shipping and Logistics Service Enterprise (ESLSE) has just concluded the design phase of a new dry port in Meqelle. Chinese Communications Construction Company, a multi-national construction company, took 7 months to design the new dry port which will occupy 57ha of land,the newly designed dock will help the shipping giant to build a large and modernized dry port. According to Aklilu Tessema, Supervision and Contract Administration Officer of ESLSE. “The construction is a…

Independence Day: Mauritania

Posted on 12 December 201728 November 2019 by Gambeta News

On the 28th Day of November in 1960. The Islamic Republic of Mauritania gained its independence from France. It is a Northwestern Country with direct access to the Atlantic Ocean, and Sahara Desert – more than 80 percent of the land mass is desert. Thereby, forcing majority of the human population to reside in the cooler southern part of the nation. The weather can be very hot, although night time temperatures can dip below 7…

LAGOS STATE AND OTHERS URGE CBN TO REDUCE INTEREST RATES

Posted on 12 December 2017 by Gambeta News

Governor Ambode and others call on CBN to reduce lending rate to five(5) percent. While speaking at the 9th annual bankers committee retreat held in Lagos, Lagos state Governor Akinwumi Ambode called on the Central Bank of Nigeria (CBN) to consider reducing the interest rate for the N220 billion Micro Small and Medium Enterprises (MSMEs) intervention loan to 5 percent. This reduction he said will encourage more off take as the CBN Governor, Godwin Emefiele had earlier on expressed disappointment…

AFDB PLANS 25 MILLION JOBS FOR YOUTHS

Posted on 12 December 2017 by Gambeta News

Africa Development Bank Group (AfDB) to create 25 million jobs for African youths The President, African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG), which is an initiative that is expected to create about 25 million jobs. PYAG which was launched at the sidelines of the 6th EU-Africa Business Forum in Abidjan, would provide insights and innovative solutions for job creation for Africa’s youth as outlined in the Bank’s…

KENYA TO DEEPEN TRADE TIES WITH NAMIBIA, RWANDA AND ZAMBIA

Posted on 29 November 2017 by Gambeta News

Newly elected Kenyan President, Uhuru Kenyatta seeking to strengthen trade ties with Namibia, Rwanda and Zambia. Speaking after his official inauguration on Tuesday, November 28th, 2017, Kenyan President, Uhuru Kenyatta who held bilateral talks with Presidents of Namibia, Rwanda and Zambia, said he plans to boost inter-regional relations with the three States. Kenya have already existing trade ties with Tanzania and Uganda, as they are major export destinations for the East African nation. Although being a power house in the tea export…

GHANA TO GET FIRST WASTE-TO-DIESEL PLANT IN 2018

Posted on 29 November 201729 November 2017 by Gambeta News

Ghana to get recycling facility in 2018 to help in waste management and to generate energy. The Ghana Plastic Manufacturers Association in collaboration with P2D Recycling Limited of Germany are getting ready to establish a £5 million recycling facility. The recycling facility which would be Ghana’s first waste-to-energy recycling plant would be located at Akunse in the Eastern Region. The recycling plant would turn sachet water waste into carry-bags which, after use, will also be converted into…

ETHIOPIA TO CONTINUE WITH CONSTRUCTION OF RENAISSANCE DAM EVEN AFTER EGYPT WARNS

Posted on 28 November 2017 by Gambeta News

Mr Beleke says Ethiopia does not need anyone’s permission to benefit from its natural resources. Ethiopian minister of water, electricity and irrigation, Seleshi Bekele, after a meeting (between countries that share the Nile) which ended without an agreement, said despite warnings from Egypt it would continue with the construction of its huge hydro dam on the Nile. Egypt’s president Abdel-Fattah el-Sissi, had recently issued a stern warning to Ethiopia concerning its Renaissance Dam on the Nile, as construction…

100 BASIS POINT CUT FOR BANK OF GHANA POLICY RATE

Posted on 27 November 2017 by Gambeta News

Central Bank of Ghana reduces policy rate from 25.5 to 20 percent After a meeting of Monetary Policy Committee of the Bank of Ghana, the Central Bank have cut its benchmark interest rate by 100 basis points to 20 percent. The policy rate which is the prime rate, at which the central bank lends to commercial banks, was previously at 25.5 percent. The Governor of the bank, Ernest Addison said the reduction was due to a drop in consumer…

OPEC OUTPUT REDUCED DUE TO LOW OIL SUPPLY FROM NIGERIA, ALGERIA AND OTHERS

Posted on 27 November 201727 November 2017 by Gambeta News

OPEC crude output for the month of October dropped by 80,000 barrels per day due to low supply from Nigeria, Algeria, Iraq and Venezuela. According to the International Energy Agency (IEA), November’s Oil Market Report (OMR), The drop in OPEC’s crude output was as a result real interruptions in Iraq where shipments from the North fell by an estimated 170 kb/d in October, as well as lower production in Algeria, Nigeria, and Venezuela. According to the November OMR,…

US$194m Thiba Dam In Kirinyaga County

Posted on 27 November 201727 November 2017 by Gambeta News

Kenya launches construction of US $194m Thiba Dam In a ceremony presided over by President Uhuru Kenyatta, Kenya officially launched the construction of the US $194m Thiba Dam in Kirinyaga County. Also present at the occasion was the Water and Irrigation Cabinet Secretary Eugene Wamalwa. The project is expected to reach completion in the next three (3) years and will be partly funded by the Japanese Government. The Japan International Cooperation Agency (JICA) will oversee as well as…

NIGERIA TO PRODUCE MORE RICE BY 2018

Posted on 27 November 2017 by Gambeta News

Nigeria making plans to be self-sufficient in Rice production by 2018. Aiming at achieving self-sufficiency in rice production, the Nigeria government have set up certain strategies of which one is increasing the production capacity of the country to 7 million tonnes by 2018. This report was received during a media briefing in Abuja by the Minister of Information and Culture, Lai Mohammed. During the briefing, Mr. Lai said that as at 2015, rice demand in…

Militants kill Egyptian U.N. Peacekeeper In Central African Republic

Posted on 27 November 20176 March 2018 by Gambeta News

Suspected Christian militias killed an Egyptian U.N. Peacekeeper and wounded three others. In a statement made by the United Nations, the attack which was carried out by anti-balaka militants on the 26th of November 2017, occurred in Gambo which is about 100 km (60 miles) from the town of Bangassou, where more than 100 civilians and three Moroccan peacekeepers were killed in separate incidents in May and July. Conflict has killed thousands in Central African Republic since…

NNPC SIGNS US$1.7bn DEAL WITH CHEVRON TO INCREASE CRUDE PRODUCTION

Posted on 23 November 2017 by Gambeta News

NNPC and Chevron sign agreement aimed at boosting reserves and production of crude in Nigeria. The Nigerian National Petroleum Corporation ( NNPC ) and Chevron Nigeria Limited (CNL) have finalized an Alternative Financing Agreement to increase crude production by about 39,000 barrels per day. This report is according to a statement issued by the NNPC Group Managing Director, Dr Maikanti Baru. The agreement which was signed in London, is expected to achieve an incremental peak…

FACEBOOK TO COMMISSION COMMUNITY HUB IN NIGERIA

Posted on 23 November 2017 by Gambeta News

Facebook to support Nigerian software developers and technology entrepreneurs. Aiming at supporting software developers and technology entrepreneurs across the continent, Social media giants, Facebook are planning to open a Community Hub Space in Nigeria next year. The centre will train 50,000 Nigerians in digital skills, and would act as an incubator programme for I.T startups. The growing population of Africans adopting mobile technology and the falling cost of data have made Africa a target destination for…

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