KEY TAKEAWAYS FROM IMF WEBINAR

KEY TAKEAWAYS FROM IMF WEBINAR

GENERAL OUTLOOK 1. Africa seems to be suppressing the curve so far. It looks like it might escape the worst of the pandemic, but will have to be cautious about it. 2. Possibility of W Curve – i.e. There is a good chance of re-occurrence of the virus, which could see a possibility of regular lockdowns. Businesses need to plan accordingly. 3. Capital will look for countries that are less battered. Western economies are badly…

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PRELIMINARY WORKS ON NAIROBI EXPRESSWAY UNDERWAY IN KENYA

PRELIMINARY WORKS ON NAIROBI EXPRESSWAY UNDERWAY IN KENYA

Kenya’s Presidential Delivery Unit (PDU) has announced commencement of Nairobi expressway via their social media handle. The expressway will begins at Mlolongo to Jomo Kenyatta International Airport (JKIA), then move to Nairobi’s Central Business District before terminating at Westlands along Waiyaki Way. Preliminary works on Nairobi Expressway have commenced. Main construction activities on the 27.1Km project are scheduled for July 2020 with December 2022 completion date. The Expressway begins at Mlolongo to JKIA, Nairobi’s CBD…

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UGANDA’s PALLISA-KAMONKOLI ROAD PROJECT PROGRESS REPORT

UGANDA’s PALLISA-KAMONKOLI ROAD PROJECT PROGRESS REPORT

The construction of 44km Pallisa-Kamonkoli road is currently at 45.3% completed according to the latest update from Uganda National Road Authority (UNRA).  UNRA made the statement via their social media handle that the project has been handed over by the contractor. That cummulative progress of works on the whole project is 62.35% & substantial completion is expected with in the set date of June 2021. Project Update: A 19.94km (45.3%) completed section on Pallisa –…

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WATER SHORTAGE AFFECT SCHOOL RESUMPTION IN KWAZULU-NATAL, SA

WATER SHORTAGE AFFECT SCHOOL RESUMPTION IN KWAZULU-NATAL, SA

As school resume in South Africa, KwaZulu-Natal did not open as water shortage is seriously affecting the area. The fight against Covid-19 is vital for resumption of school but with lack of water, the region was unable to follow others. According to province’s Education MEC Kwazi Mshengu, over 6,000 schools were meant to resume but 100 of those did not due to water shortages. Mshengu said “Those learners that are affected are actually being transported…

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COMMUTER COMPLAIN OF BAD ROUTE IN VAI TOWN, LIBERIA

COMMUTER COMPLAIN OF BAD ROUTE IN VAI TOWN, LIBERIA

Residents of Vai town in Liberia has complained about the bad route from downtown Monrovia en route to the Freeport of Monrovia. The bad nature of the route keep increasing as commuter complained regularly. However, in bid to tackle this problem, Public Works Minister Mabutu Nyenpan, Minister of State Nathaniel McGill and Finance and Economic Planning Minister Samuel Tweah toured round the area as construction activities kick-off. According to Nyenpan, ”Some sections of the road…

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KARATINA RESIDENT FACE BUILDING DEMOLITION IN KENYA

KARATINA RESIDENT FACE BUILDING DEMOLITION IN KENYA

The rehabilitation of the Nairobi-Nanyuki line is causing serious problem for residents in Katarina town. Due to the rehabilitation, several building has been marked for demolition making resident to panic. Over the weekend, Kenya Railways Corporation (KRC) pulled down hundreds of other structures which had been erected by traders near the railway line. According to KRC, the resident were issued with a “final” notice last week to vacate, as failure to do so will bring…

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NNPC ANNOUNCED PLANS TO BUILD HOSPITAL IN 12 STATES

NNPC ANNOUNCED PLANS TO BUILD HOSPITAL IN 12 STATES

Nigerian National Petroleum Corporation (NNPC) has announced plans to build hospitals in 12 states across the six geopolitical zone in the country. The project is a joint venture between the NNPC and its partners, with a budgeted construction cost set for US$53.9m (N21 billion). Minister for Health Senator Olorunnimbe Mamora, made the statement during a groundbreaking ceremony of the Emergency and Infectious Disease Hospital in Maiduguri, Borno State, at the weekend. According to Mamora, the…

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ABDI KARIYE HAIL PORT CONSTRUCTION IN SOMALIA

ABDI KARIYE HAIL PORT CONSTRUCTION IN SOMALIA

The construction of a port in Somalia has been hailed by Galmudug regional state president Ahmed Abdi Kariye (Qoor-Qoor). According to Kariye, the port construction in the city of Habyo will be a game changer for his country economy. Galmudug president said “The people of Galmudug can construct the port without other peoples help”. Kariye further stated that his administration is was well placed to complete the required job and that they would not seek…

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PUT ENGINEERS WHERE THEY BELONG – OUR ANSWER TO BUILDING A CAPABLE STATE

PUT ENGINEERS WHERE THEY BELONG – OUR ANSWER TO BUILDING A CAPABLE STATE

In SA’s Health System, qualified medical practitioners occupy the positions of Chairperson of the Portfolio Committee, Minister, Deputy Minister, a Director-General, HoDs (9 Provinces) and two MECs (Limpopo & Gauteng). This approach pays dividends as seen in the way healthcare is tackling COVID-19. They also exposed and are working towards rectifying the inadequacies of the system. The exact same principle should apply to engineering services – qualified engineering practitioners occupy infrastructure delivery offices. However, in…

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NIGERIA STANDS SOLIDLY BEHIND AKINWUMI ADESINA

NIGERIA STANDS SOLIDLY BEHIND AKINWUMI ADESINA

“Some lies have been concocted against me to render me ineligible for a second term as AfDB president. The bank has its rules, regulations and laws. And part of it is that any allegation must be substantiated with facts, evidence and documents. This is so that there can be believability, and nobody can act out of malice. “In all the 16 allegations against me, there were no facts, no evidence, no document. The Ethics Committee…

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NIGERIA’S LPG ADOPTION STRATEGY

NIGERIA’S LPG ADOPTION STRATEGY

The surge in the demand for Liquefied Petroleum Gas (LPG) in Nigeria is currently driven by the removal of Value Added Tax (TAX) on in-country sales and waivers on tariffs for LPG infrastructure by the government since 2018. Seeing the opportunities for LPG across the globe, stakeholders including government agencies and private operators have ramped up advocacy to replace dirty fuels such as kerosene and firewood. So far, their coordinated efforts have enabled LPG to…

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NIGERIA’S STRATEGY TO ATTRACT FOREIGN DIRECT INVESTMENT

NIGERIA’S STRATEGY TO ATTRACT FOREIGN DIRECT INVESTMENT

As foreign investments across the continent dries up for infrastructure projects, Nigeria is deploying a strategy to attract foreign investors. The Nigerian government has put out a circular inviting investors to bid for 57 oil fields. Nigeria has abundant natural resources and development economists say the level of Foreign Direct Investment (FDI) inflows into the country has  been $ 1 billion on average since 2016.    SOURCE: BusinessDay.ng |PunchNG.com

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GHANA GOVT. TO ORDER 35 TRAINS IN JUNE

GHANA GOVT. TO ORDER 35 TRAINS IN JUNE

Ghana Government though the ministry of Railway has announced plans to order 35 trains to the nation. Minister of Railway development, Joe Ghartey made the statement during a Port’s interactive programme on national television. According to Ghartey, about US$130m has been approve to purchasd the trains from a company in China. He noted that a technical committee of the Ministry is engaging their counterparts in China to agree on the specifications on the trains. He…

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NCX COMMISSIONED 12 WAREHOUSE BUILDINGS IN NIGERIA

NCX COMMISSIONED 12 WAREHOUSE BUILDINGS IN NIGERIA

Nigeria Commodity Exchange (NCX) has commissioned 12 warehouses as part of plans to support trading activities in the nation. Speaking during the commissioning, Managing Director/CEO of the Exchange, Zaheera Baba-Ari said the warehouses were being established to support trading activities on its trading floor for the benefit of Nigerian commodity traders and consumers, including food processors, exporters, National Food Reserve Agency and World Food Program, among others. According to her, states like Zamfara, Bauchi, Kogi,…

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TANZANIA’s ZPC TO INVEST IN PORT INFRASTRUCTURE

TANZANIA’s ZPC TO INVEST IN PORT INFRASTRUCTURE

ZANZIBAR Ports Corporation (ZPC), has invested 8bn for the port development. The fund will enhance service efficiency in passenger and cargo handling at its ports. According to Infrastructure, Communication and Transport Minister Dr Sira Ubwa Mamboya, ” the corporation is finalising procurement procedures for the purchase of one reach stacker, one tractor, one semitrailer and one winch truck”. She also said the corporation has strengthened its infrastructure under a 1.28bn/- project to install cathodic protection…

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THE UNIQUE MODEL OF THE GHANA INFRASTRUCTURE FUND – SOLOMON ASAMOAH

THE UNIQUE MODEL OF THE GHANA INFRASTRUCTURE FUND – SOLOMON ASAMOAH

The Ghana Infrastructure Fund is a unique model in Africa that has recorded huge successes with over USD 2 billion raised for infrastructure projects in the country. The Government in Ghana invested USD 325 million to a fund that is being managed by professionals towards infrastructure in the nation. This model boosts confidence in international investors, who can leverage on the expertise of the fund to c0-investment in the nation. The Ghana Investment Fund has…

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KAMPALA NORTHERN BYPASS EXPANSION PROGRESS REPORT

KAMPALA NORTHERN BYPASS EXPANSION PROGRESS REPORT

Uganda National Road Authority (UNRA) has announced that progress on the Kampala Northern Bypass project is at 72% completed. 🎥PROGRESS: Physical works progress on Kampala Northern Bypass [Expansion] project now at 7️⃣2️⃣%. Works at 🤏Kalerwe, 🤏Ntinda & 🤏Naalya interchanges progressing well.Road marking🚧commencing at #Sentema & #Hoima interchanges to achieve traffic & road safety.#StaySafeUG pic.twitter.com/3rikKsE1N3 — UNRA_UGANDA (@UNRA_UG) June 2, 2020 The project will aims to improve urban mobility in and around Kampala through relieving congestion…

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KENYA’s NMS BEGINS ROAD IMPROVEMENT

KENYA’s NMS BEGINS ROAD IMPROVEMENT

Kenya Nairobi Metropolitan Service (NMS) has kick-off it’s plans to start improving the road network in the state capital. The aim of the project is to develop an efficient non-motorised transport, recarpet roads and improve drainage and streetlights. NMS Transport, Roads and Public Works director Michael Ochieng said “The journey to change the state of roads in the city centre has begun. We target more than 100 kilometres of non-motorised transport in just one year.”…

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CONTRACTOR RETURN TO SITE FOR COMPLETION OF ENUGU AIRPORT IN NIGERIA

CONTRACTOR RETURN TO SITE FOR COMPLETION OF ENUGU AIRPORT IN NIGERIA

Nigeria Minister of Aviation Hadi Sirika has announced that contractors for the Enugu Airport construction has returned to work. He said via his social media handle that “We announce our full remobilization to Enugu despite COVID lockdown. Even with challenges like heavy rains, opening up of quarries and bitumen sources we should complete this procurement in few weeks. A definite date of completion will be announced at my next site visit.” We announce our full…

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KIZIGURO GENOCIDE MEMORIAL SITE UPGRADE BEGINS IN RWANDA

KIZIGURO GENOCIDE MEMORIAL SITE UPGRADE BEGINS IN RWANDA

The upgrading of Kiziguro Genocide Memorial Site has kick-off in Rwanda. The Kiziguro Genocide Memorial which was created on 11th April 1995, is a resting place to more than 14,000 victims of the Genocide against the Tutsi. Mayor of Gatsibo District, which is part of former Murambi Commune, Richard Gasana said the memorial will have more than just graves, saying that they are constructing a building where details of the victims, like pictures, will be…

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