NEWS

QATAR TO INVEST IN SOMALIA PORT

Posted on by Gambeta News
QATAR TO INVEST IN SOMALIA PORT

Qatar representatives meet with Somalia’s prime minister over plans to build a new seaport in Hobyo, Somalia. The Qatari group arrived in Mogadishu, the capital, on Monday and is led by Deputy Prime Minister and Minister of Foreign Affairs H E Sheikh Mohamed bin Abdulrahman Al Thani In a press conference following the meeting, the Ministry of Transportation and Communications said Qatar Ports Management Company will enter an investment partnership with Somalia to build the…

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INTERCHANGE AT SENTEMA ALONG KAMPALA-NORTHERN BYPASS AT 60%

Posted on by Gambeta News
INTERCHANGE AT SENTEMA ALONG KAMPALA-NORTHERN BYPASS AT 60%

Sentema interchange at 60% complete according to UNRA Uganda. The construction of an interchange at sentema which is along Kampala – Northern Bypass is at 60%. This was announced by Uganda National Road Authority (UNRA). According to UNRA, the Sentema is now widened to ensure future free flow of traffic on the Bypass & connecting road. This is after a new design was made to offer additional & improved drainage along Lubigi Swamp. 📸Interchange at Sentema…

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SADC LEADERS AND GOVERNMENT REACH AGREEMENT

Posted on by Gambeta News
SADC LEADERS AND GOVERNMENT REACH AGREEMENT

SADC Leaders and Government reach agreement on measures to drive regional development The 39th ordinary Summit of the Heads of State and Government of the Southern African Development Community (SADC) which held at Julius Nyerere International Convention Centre in Dar es Salaam, United Republic of Tanzania, on the 17th and 18th August 2019 proposed a protocol aimed at bolstering the industry development sector and eventually intra-trade, which currently stands at below 20%. Tanzania President Dr Magufuli,…

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RWANDA GOVT. TO INCREASE FUND FOR HEALTH INSURANCE SCHEME

Posted on by Gambeta News
RWANDA GOVT. TO INCREASE FUND FOR HEALTH INSURANCE SCHEME

Mutuelle de santĂ© scheme set to get extra fund from Rwanda government. Rwanda Government is providing extra funds for community-based health insurance scheme. The scheme which is known as mutuelle de santĂ©, will raised the country’s prospects of attaining universal health insurance coverage. The fund which is worth US$10million (Rwf10billion) was announced by Rwanda Social Security Board (RSSB). Meanwhile, it will also guarantee the stability of the country’s largest insurance scheme with the scheme. This…

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ZIMBABWE TO BORROW US$1.9BN FROM G7 NATIONS TO PAY DEBTS

Posted on by Gambeta News
ZIMBABWE TO BORROW US$1.9BN FROM G7 NATIONS TO PAY DEBTS

Zimbabwe plans to borrow fund from G7 nations but is that a wise choice? Zimbabwe Government is planning to borrow US$1,9 billion from G7 nations in order to pay their debts. The G7 nations which are France, Italy, Canada, Germany, United States, Japan and United Kingdom. The funds will be use to clear debts to the African Development Bank (AfDB) and World Bank according to Minister of Finance and Economic Development Mthuli Ncube. Speaking during…

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EGYPT AND SOUTH KOREA IN TALKS OVER FREE TRADE AGREEMENT

Posted on by Gambeta News
EGYPT AND SOUTH KOREA IN TALKS OVER FREE TRADE AGREEMENT

Egypt and South Korea making plans to sign FTA but will the host nation be ready to face both pros and cons of the FTA agreement. Egypt and South Korea are currently in talks over a free trade agreement (FTA). This agreement will help boost trade exchange and joint economic cooperation according to  South Korean Ambassador to Egypt Yeocheol Yoon. Speaking during the DNE attendance of the preparation for the online live stream of the…

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CONSTRUCTION OF BED WARDS AND DOCTOR QUARTER BEGINS IN OGUN, NIGERIA

Posted on by Gambeta News
CONSTRUCTION OF BED WARDS AND DOCTOR QUARTER BEGINS IN OGUN, NIGERIA

Ogun State kick-off construction of 120 bed wards and 30 doctors quarters at the state specialist hospital. Ogun state Governor in western part of Nigeria has announced plans to improve the health care sector in the state. The plans is to construct 120 bed wards and 30 doctors quarters at the state specialist hospital, Asubiaro, Osogbo. This will be through the deployment of technology-based approach to ensure quality and affordable delivery. Governor  Adegboyega Oyetola made…

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KIENI CONSTITUENCY SECURE FUNDS FOR HOSPITAL CONSTRUCTION

Posted on by Gambeta News
KIENI CONSTITUENCY SECURE FUNDS FOR HOSPITAL CONSTRUCTION

Kieni constituency to build level four hospital after securing funds from Ministry of health in Kenya. Kenya’s  Kieni constituency has secure fund for the construction of a level four hospital. The fund which is worth US$541k (Sh30 million) will help them have another existing level four hospital in the constituency. Kieni MP Kanini Kega made the announcement after telling residents that the ministry of health has allocated the fund. He said that the hospital building…

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WORLD BANK TO INVEST US$300M INTO GHANA COCOA INDUSTRY

Posted on by Gambeta News
WORLD BANK TO INVEST US$300M INTO GHANA COCOA INDUSTRY

World Bank making plans to invest in Ghana Cocoa industry. Cocoa is Ghana chief agricultural export and cash crop. This is why the World Bank is investing fund to help shore up production of the crop over the next five years. The project which is under the Cocoa Sector Value Chain Project will increase productivity levels of cocoa farmers as well as promote value addition. Meanwhile, farmer production level will increase from the current 300…

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DANGOTE FLOUR MILLS UP FOR SALE

Posted on by Gambeta News
DANGOTE FLOUR MILLS UP FOR SALE

Olam International Offers N120 billion to buy Dangote Flour Mills Plc Africa’s richest man Aliko Dangote; two(2) years after selling Dangote Noodle Plants to his rival pasta maker De-United Foods Industries for N3.75 billion (US$12.26 million); have recently also put up for sale Dangote Flour Mills (DFM) Plc; the flour and pasta manufacturing unit of his conglomerate. Is he leaving the pasta business to generate funds for the ongoing Dangote refinery? Dangote acquired DFM in…

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ZIMBABWE GOVERNMENT AGREES COAL EXPORT DEAL

Posted on by Gambeta News
ZIMBABWE GOVERNMENT AGREES COAL EXPORT DEAL

Zimbabwe to export coal to Japan and India with new deal Zimbabwe government has agreed a deal with Dubai-based company, Victoria Consultant for coal export. This deal will enable the country to secure markets for coal exports in India and Japan. Meanwhile, Victoria Consultant will assist Zimbabwe according to the deal. As both nations are the largest coal importing countries in the world. However, during the meet President Mnangagwa said Zimbabwe should take advantage of…

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TANZANIA, KENYA AND UGANDA ARE REVAMPING THEIR OLD RAILWAYS

Posted on by Gambeta News
TANZANIA, KENYA AND UGANDA ARE REVAMPING THEIR OLD RAILWAYS

Why are they going back to their old railways after their agreement and ambitious plans for East Africa’s Standard Gauge Railway network. In August 2013 the Presidents of Kenya, Rwanda and Uganda signed a Tripartite Agreement; for the development and operation of a 1,500km-long joint Standard Gauge Rail (SGR) system; that will connect Mombasa (Kenya) – Kampala (Uganda) – Kigali (Rwanda). In May 2014, the Republic of South Sudan also joined this agreement; in other…

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LAMU PORT FIRST BERTH COMPLETED IN KENYA

Posted on by Gambeta News
LAMU PORT FIRST BERTH COMPLETED IN KENYA

First of 32 berths of Lamu port completed in Kenya with the second and third set for completion in december 2020. Lamu port which is a transport and infrastructure project in Kenya has completed it first Berth. The port when completed will be Kenya second transport corridor. The first berth is part of a 32 berth plans which started in december 2016, with the second and third set for completion in december 2020. The Lamu…

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FCDA SAYS NIGERIA NEEDS US$3TRN TO SOLVE INFRASTRUCTURE DEFICIT

Posted on by Gambeta News
FCDA SAYS NIGERIA NEEDS US$3TRN TO SOLVE INFRASTRUCTURE DEFICIT

Federal Capital Development Authority says nigeria need US$3trn but can they manage and use the money wisely to solve this problem if they eventually get the fund? Federal Capital Development Authority (FCDA) announced in Abuja that Nigeria needs US$3trn to solve their infrastructure deficit problem. This fund will be for the next 30 years according to FCDA Executive Secretary Umar Gambo Jibrin. According to Jibrin while address a keynote at the head office, Nigerian Society…

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FERRY SERVICE FACING CHALLENGES DUE TO GAMBIA SENEGAMBIA BRIDGE

Posted on by Gambeta News
FERRY SERVICE FACING CHALLENGES DUE TO GAMBIA SENEGAMBIA BRIDGE

Ferry service losing revenue due to Senegambia Bridge commission in Gambia The commissioning of Senegambia Bridge in Gambia pose a ferry challenge according to Deputy Managing Director of the Gambia Ferry Services, Hall Abdoulie Gai. The ferries over the last couple of years has made great stride but has been hinder by the bridge commission. Ferry crossing has been in operation for over 80 years. But the major problem with the bridge commission according to…

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BUILDON AND RAISING MALAWI TO PROVIDE FUNDS FOR KASUNGU SCHOOL

Posted on by Gambeta News
BUILDON AND RAISING MALAWI TO PROVIDE FUNDS FOR KASUNGU SCHOOL

buildOn and Raising Malawi to improve quality of teaching in Kasungu with construction of new facilities. buildOn, a US based charity Organisation is partnering with Raising Malawi to provide funds for improving learning in Kasungu, Malawi. The fund which is worth US$ 250,000 will be use to improve the quality of teaching and learning. buildOn deputy country director Robert Chikombe said ”Under this project, we will construct two semi-detached classroom blocks and two semi-detached teacher’s…

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DEVELOPMENT BANKS JOIN FUNDS FOR NAMIBIA INFRASTRUCTURE PROGRESS

Posted on by Gambeta News
DEVELOPMENT BANKS JOIN FUNDS FOR NAMIBIA INFRASTRUCTURE PROGRESS

Will the new partnership help Namibia resolve its infrastructural problem or will lack of private capital unavailability stop them. Infrastructure development is a key driver for progress across any developing nation. This is why the Development Bank of Namibia (DBN) and Development Bank of South Africa (DBSA) is combing to make that possible. The plan is to pledged N$8 billion in finances for infrastructure requirements in Namibia. According to the announcement, the funds will be…

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UGANDA PRESIDENT COMMISSIONED ELECTRONIC FENCE AT KESESE

Posted on by Gambeta News
UGANDA PRESIDENT COMMISSIONED ELECTRONIC FENCE AT KESESE

Uganda President commission fence at Queen Elizabeth National Park in Kasese. President Yoweri Museveni has announced via his official twitter account the commissioning of an electronic fence. This fence will be located at Queen Elizabeth National Park in Kasese. I commissioned the first phase of the electric fence at Kyambura Gorge, Queen Elizabeth National Park, Kasese. We shall also place cameras to catch poachers. pic.twitter.com/8cszsoOd0Q — Yoweri K Museveni (@KagutaMuseveni) August 2, 2019 The construction…

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COMPLETION OF THE DREDGING WORKS AT ESCRAVOS AND WARRI RIVER.

Posted on by Gambeta News
COMPLETION OF THE DREDGING WORKS AT ESCRAVOS AND WARRI RIVER.

President Muhammadu Buhari plans to complete more ongoing projects to impact positively on the lives of the people. The Olu of Warri, His Majesty Ogiame Ikenwoli on Wednesday at the State House in Abuja thanked President Muhammadu Buhari; for the completion of the dredging works at Escravos and Warri Rivers. While thanking Mr President; he also pleaded for his involvement in the ongoing ecological crisis as well as the issues with the Ogidigben Gas Revolution…

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DANGOTE REFINERY DEDICATES 53% OF CAPACITY TO PETROL PRODUCTION

Posted on by Gambeta News
DANGOTE REFINERY DEDICATES 53% OF CAPACITY TO PETROL PRODUCTION

Dangote Refinery may lead to the sale of NNPC refineries in the long run Dangote Group’s, President and Chief Executive Officer, Aliko Dangote while speaking at the Nigerian National Petroleum Corporation (NNPC) headquarters; have said that 53% of Dangote refinery’s capacity upon its completion will be dedicated to petrol production. Dangote refinery will have a refining capacity of 650,000 barrels per day; dedicating 53% of this capacity to petrol production simply amounts to 344,500 barrels…

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