200 Peacekeepers soldiers sent to South Sudan

200 Peacekeepers soldiers sent to South Sudan

soldiers sent to South Sudan for Peacekeepers The weekend Ethiopia send 200 peacekeepers to South Sudan to help  stabilize the war torn east African nation,an Ethiopian official said on Tuesday. Meles Alem, spokesperson for the Ethiopia Ministry of Foreign Affairs, told Xinhua that the peacekeepers were sent in line with a United Nations resolution to stabilize South Sudan. The U.N. Security Council in December last year voted to increase the number of security personnel in the…

Read More

ITALIAN FIRM TO BUILD 100MW SOLAR FARM IN ETHIOPIA

ITALIAN FIRM TO BUILD 100MW SOLAR FARM IN ETHIOPIA

Ethiopia 100MW Solar farm project to get US$120m from Italian Firm. An Italian multinational manufacturer and distributor of electricity and gas, Enel Electricity Company whose Enel Green Power unit lead a consortium has been selected as the preferred bidder for a 100 megawatt solar farm in Ethiopia. The Consortium which also includes Ethiopian infrastructure company Orchid Business Group is to invest  US$120 million in the project. Antonio Cammisecra, Enel Green Power boss said Ethiopia, which Africa’s most populous state after Nigeria,…

Read More

FEMALE ENTREPRENEURS ARE MORE TAX COMPLIANT – LCCI

FEMALE ENTREPRENEURS ARE MORE TAX COMPLIANT – LCCI

Lagos Chamber of Commerce and Industry (LCCI) commends female entrepreneurs for their resilience in tax compliance. Dr. Mrs Nike Akande, President, Lagos Chamber of Commerce and Industry, during the Chamber’s Women Group’s third annual conference themed, “Women as change agents: Towards tax compliant society,” commended female entrepreneurs for their irrepressible attitude and tenacity in remitting their taxes when due. She also commended the recognition given to women due to their unique role in poverty reduction and entrepreneurship…

Read More

Egypt’s President visits to Paris ends today

Egypt’s President visits to Paris ends today

Egypt’s Sisi on a three-day visit to Paris On Monday (October 23) Egyptian President Abdel Fattah al-Sisi was welcomed to Paris by French Defense Minister Florence Parly for a three-day visit to France. After the meeting with the French Defence Minister, Al Sissi on Tuesday met with French President Emmanuel Macron at the Elysee palace,  who was cognizant of the criticism of France’s policy on Egypt, and raised his concerns over human rights. The two countries, held…

Read More

NIGERIA ENTERS LEAGUE OF STEEL EXPORTERS

NIGERIA ENTERS LEAGUE OF STEEL EXPORTERS

Nigeria soon to become an African steel export giant. The latest development in the steel industry is an indication that soon Nigeria’s steel industry would be the next sector to watch out for after its Cement Industry. The largest steel manufacturer in Nigeria, African Industries Group has started exporting its product to Morocco, Egypt and Ghana, and is looking forward to go beyond Africa. Chairman, African Industries Group, Raj Gupta, while speaking at the unveiling of the company’s export activities to…

Read More

Jumia launches lending programme to support SMEs

Jumia launches lending programme to support SMEs

Jumia launches lending program to aid SMEs in Africa Jumia during an event tagged  Jumia Black Friday Vendor Launch which was held in Nairobi announced a lending programme targeted to benefit Small and Medium-sized Enterprises (SME’s) which are critical to Gross Domestic Product (GDP) growth and employment sector of any country. The lending program was first launched in Kenya, but now have been rolled out to other Jumia markets in Nigeria, Egypt, Morocco and Ivory Coast….

Read More

Togo’s President Should Resign Immediately – Foreign Minister

Togo’s President Should Resign Immediately – Foreign Minister

president must resign immediately – Gambian Foreign Minister On the 23 October 2017; Togo’s President Faure Gnassingbe  should resign immediately and the African Union and West African regional  bloc ECOWAS should persuade him to step down, Gambia’s Foreign Minister Ousainou Darboe told Reuters. The West African country faces a political crisis in which at least ten have died since August. The opposition are demanding the immediate resignation of the president in a bid to end…

Read More

SEVERAL PERSONS INJURED FROM TRAIN ACCIDENT

SEVERAL PERSONS INJURED FROM TRAIN ACCIDENT

A train accident in Ghana lead to several individuals having injuries. A number of injuries have been reported from the accident which occurred early Monday morning In Ghana’s capital, Accra. The train, run by the national railway company, was headed for a  business district with people  and goods from the town of Nsawam, the  town located in the eastern region. Twitter showed a coach painted in the national colours hanging on the side of the…

Read More

ZIMBABWE – LACK OF FUNDING STALLS POWER GENERATION PROJECTS

ZIMBABWE – LACK OF FUNDING STALLS POWER GENERATION PROJECTS

Over 30 Power generation projects stalled for the past 10 years because of lack of funding. Power shortages in Zimbabwe had led the Government to open the power sector to private investors so as to complement the country’s integrated power generation and distribution company, ZESA holdings. Over 30 Independent Power Producers (IPPS) were given power generation licenses with a combined capacity to generate 5039 MW. According to Gloria Magombo, Zimbabwe’s Energy Regulatory Authority (ZERA) Chief Executive Officer,…

Read More

HIDDEN POOL – SANTORINI GREECE

HIDDEN POOL – SANTORINI GREECE

Having a private pool in your room is an incredible thing that would make ones stay anywhere a memorable one. Dana villas hotel and suites in Santorini Greece is that one stop hotel with an amazing view of crystal blues and warm sunset colours that would leave you flabbergasted. Dana villas is located on the cliff of Fira and it faces the sea and a volcano. Guests who book an infinity suite at the Villa,…

Read More

SOLARNOW SECURES US$6m DEBT FACILITY

SOLARNOW SECURES US$6m DEBT FACILITY

Ugandan solar startup SolarNow, receives US$6 million debt  facility to help expand business. SolarNow – a startup which sells solar systems to rural households and businesses in Uganda with a 24-month credit facility, have just secured a US$6 million facility from SunFunder. The facility which is SolarNow’s second structured asset finance instrument arranged by SunFunder is intended to help it reach more clients and expand access to pay-as-you-go (PAYG) solar power. According to Willem Nolens, SolarNow’s Chief Executive Officer (CEO),…

Read More

ANGOLA TO LAUNCH FIRST SATELLITE

ANGOLA TO LAUNCH FIRST SATELLITE

Angola to Boost Telecommunications Service with Launch of First Satellite AngoSat-1 Mr. José Carvalho da Rocha, Angloa’s ICT Minister confirmed that Angola is set to launch into the orbit its first communications satellite (AngoSat-1) by the end of the year. The satellite on commencement of operations will provide telecommunication services throughout the country. The minister stated some benefits that the country will receive from the satellite which include the possibility of performing  telemedicine services and many…

Read More

EGYPT’S AGRICULTURAL EXPORTS GETS A BOOST

EGYPT’S AGRICULTURAL EXPORTS GETS A BOOST

Three (3) countries lifts ban on importation of agricultural products from Egypt. Over the past year, a number of Gulf countries have banned Egyptian agricultural imports over concerns of pesticide residue. But in a statement made yesterday by the Egyptian Agriculture Ministry, Three of such Golf countries Bahrain, Kuwait and the United Arab Emirates, have decided to lift the ban. The Three countries have decided to reopen markets to agricultural produce from the Northern Africa country, after series…

Read More

BOSTON – FIRST US CITY TO IMPORT CHINESE SUBWAY SYSTEM

BOSTON – FIRST US CITY TO IMPORT CHINESE SUBWAY SYSTEM

Chinese train makers finally cracks US market as CRRC wins contract to supply Boston subway system with rail cars. World’s largest and Chinese state-owned train maker, China Railway Rolling Stock Corporation (CRRC), has won a US$842m contract to supply hundreds of rail cars for the Boston subway system. The first batch of 152 carriages for the city’s Orange Line will be shipped to Boston in December while another set of 132 cars will follow to replace the Hawker…

Read More

DANGOTE CEMENT CONSIDERS ISSUING EURO BONDS

DANGOTE CEMENT CONSIDERS ISSUING EURO BONDS

Dangote Cement is considering issuing Euro bonds in other to raise funds for its short term debts. According to the Chief Financial Officer (CFO), Brian Egan, Dangote cement is considering issuing Euro bonds or a local debt issue in other to raise funds for its debt. The company is planning to move away from its N389 billion debt of which 70% is on short term facility and from its parent company Dangote Industries Limited. The company is considering Euro…

Read More
1 67 68 69 70 71 77