GAMBETA NEWS: African Infrastructure News, Events, and more

ZIMBABWE GOVT. SIGN AGRICULTURE MECHANISATION EQUIPMENT DEAL

Posted on 6 June 2019 by Gambeta News

Zimbabwe government sign deal to supply agriculture mechanisation equipment worth US$100 million. Zimbabwe Government has sign a contract with Belarus and John Deerse Manufacturing company. The contract will be to supply agriculture mechanisation equipment worth US$100 million. This will help close Zimbabwe mechanisation gap which has fall short of about 543 000 agricultural implements. According to the deal, Belarus government will get US$52million while, John Deerse Manufacturing company will get the remaining fund. The aim…

LAGOS TO COMMENCE REPAIR OF LAGOS-BADAGRY EXPRESSWAY

Posted on 6 June 20196 June 2019 by Gambeta News

Rehabilitation Work to commence on Lagos-Badagry Expressway from Mazamaza to Okokomaiko this month Lagos State Governor, Babajide Sanwo-Olu, has guarantee Lagos residents that rehabilitation work would commence on Lagos-Badagory Expressway. This will be from Mazamaza to Okokomaiko this June, 2019. Governor Sanwo-Olu, announce this during an inspection visit to Lagos-Badagory Expressway. However, talks are in progress with contractor to resume work on site. This will be after the finance are put in place according to…

AMERICAN VENTURE GROUP SIGNED DEAL WITH LIBERIA WATER CORPORATION

Posted on 6 June 2019 by Gambeta News

AVG sign deal with Liberia Water and Sewer Corporation to provide sufficient and affordable water Liberia Water and Sewer Corporation (LWSC) has signed an MoU with American Venture Group (AVG) to provide sufficient and affordable water. The deal will also enable 1.5 million Liberians to have sustainable supply of clean and safe drinking water. Speaking during the MoU signing, LWSC’s managing director, Duannah A. Kamara said this will provide sufficient supply of clean water to…

AfDBAM2019 – REGIONAL INTEGRATION FOR AFRICA’S ECONOMIC PROSPERITY

Posted on 4 June 2019 by Gambeta News

The 2019 Annual Meetings of the Boards of Governors of the African Development Bank Group. As a result, the 4 days meeting from 11 to 14 June 2019 is schedule to happen at Sipopo Conference Centre in the beautiful city of Malabo, Republic of Equatorial Guinea. WHY ATTEND AfDBAM2019? More than 3000 participants including finance ministers, central bank governors, policy makers, civil society organizations, leaders of international organizations and captains of industry from the Bank…

LIBERIA GOVT. PROVIDE LOAN TO BOOST RUBBER INDUSTRY

Posted on 3 June 2019 by Gambeta News

Liberia to boost rubber industry with US$1.725 million loan offer. Liberia Government has approve fund which will help boost rubber industry in the country. This fund is worth US$1.725 million and will pass through the Ministry of Finance and Development Planning (MFDP). The aim of the loan is to enhance the industry’s ability to intervene in the foreign exchange market. It will also support stability of the exchange rate and boost the country’s economy. President…

MOZAMBIQUE PRESIDENT CALLS FOR RECONSTRUCTION FUND

Posted on 3 June 2019 by Gambeta News

President Nyusi calls for speed in disbursing Reconstruction funds. Mozambique President Filipe Nyusi has ask funding agencies to disburse promised fund for reconstruction work. Speaking during the international post-cyclone pledging conference held in Beira, President Filipe stressed the urgency of putting the promised financing to work. According to the President Nyusi, ”It is crucial to simplify the methods of disbursing the funds. Because the value could be larger, but when the modalities of delivering it…

DANSOMAN ROAD PROJECT BEGINS IN GHANA

Posted on 3 June 20193 June 2019 by Gambeta News

Construction and repair of Dansoman road which will improve mobility kick-off in Ghana. The construction and repair of Dansoman road has kicked-off in Ghana. The 25 kilometer road will improve the mobility as well as reduce traffic on the area. During the SOD ceremony of the road, Minister of Communications Ursula Owusu-Ekuful, said the constructors to ensure quality work and timely completion. According to her, the construction and repair has been a necessity of the…

FUNDING AFRICA’S INFRASTRUCTURE GAP

Posted on 31 May 2019 by Gambeta News

A look at Infrastructure funding gap across Africa and remedies so far. Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought in order to kick-start direly needed infrastructure projects. At the centre of it all is China, which is providing alternative sources financing to countries in Africa that have…

CERAMICA WEST AFRICA EXPO 2019 IS NOW HERE!!!

Posted on 31 May 2019 by Gambeta News

Elan Expo introduces Ceramica West Africa Expo 2019 Ceramica West Africa 2019: International Ceramic, Bathroom & Kitchen Exhibition is organized by Elan Expo and will take place on 27-29 June 2019 at Landmark Centre at Lagos, Nigeria. At the beginning of the story, Nigeria Build Expo specialized its adventure with construction and building hall. During the four years experience of Nigeria Build Expo; ceramic companies have participated in the Construction & Building hall, this year due…

NIGERIA BUILDEXPO 2019 IS AROUND THE CORNER!!!

Posted on 31 May 201931 May 2019 by Gambeta News

Elan Expo is ready for the 4th Edition of “NIGERIA BUILDEXPO”!!! With the efficient four years of experience in Nigeria; Elan Expo is ready for the 2019 edition of the Nigeria Build Expo. Elan Expo will host many international companies at the 4th edition; some of them are Grupo Miro, Hilal Aluminium, Kumtel, Ibero Systems, Enarco S.A., Bekotaş Paint, Chanson Mold, Edimex, Schaefer GMBH; Maxmech, SFH from Turkey, Australia, Poland, China, Mexico, Spain, Egypt, Germany,…

WORLD BANK APPROVES US$750M FOR KENYA IN SUPPORT OF REFORMS

Posted on 30 May 201931 May 2019 by Gambeta News

World Bank has Approved US$750 Million to Kenya Government Reforms in order to achieve their Vision 2030 objective The World Bank Board of Directors has approved US$750 million to Kenya Government today. This follows the request from the Kenya Government two days ago. The Fund will aim at development different infrastructure in the country. The fund serve as a support to the Kenya’s Government reforms that will enhance inclusive growth, reduces poverty. As well as,…

FG APPROVE BELEMAOIL EXPORT TERMINAL IN RIVERS STATE

Posted on 30 May 201931 May 2019 by Gambeta News

Federal Government has Approved the Establishment of Crude oil Export Terminal in Rivers State Federal Government of Nigeria has approve the establishment of a Crude Oil Export Terminal. The establishment will be in Kula community of Rivers State, from an indigenous oil company, Belemaoil Producing Limited. The approval is contain in a letter; which was signed by Department of Petroleum Resources (DPR) Director, Mordecai Ladan. The aim of the approval is to enable Belemaoil establish…

STANBIC IBTC NIGERIA LAUNCHES AFRICA-CHINA AGENT PROPOSITION (ACAP)

Posted on 28 May 201928 May 2019 by Gambeta News

Stanbic IBTC launches ACAP in Nigeria. The Africa-China Agent Proposition (ACAP); is a product with the aim of changing the view African importers have about Chinese suppliers. The ACAP will provide access to financing for African importers and will also give them the authority to sight and control the entire importing and logistics process. To aid Nigerian importers to safely and efficiently source for quality goods from competitive Chinese suppliers; Stanbic IBTC have officially launched…

EGYPT CONSIDERS INTERNATIONAL BIDS TO PURCHASE 3 POWER PLANTS

Posted on 28 May 201931 May 2019 by Gambeta News

Egypt is considering Offers from two International firm to acquire Three Power Plant. Egypt are considering bids from two Energy firms for the purchase of three power plant. The bids which was submitted by Zarou and Malaysian company Edra Energy. Meanwhile, Siemens will also form a partnership with the winner of the contract. This will help reduce debt and attract foreign investment to Egypt. Minister for Electricity Mohamed Shaker said the two companies reveal their…

UGANDA TO BORROW €20M FOR KARAMOJA PROJECT SURVEY

Posted on 28 May 2019 by Gambeta News

Uganda to borrow €20m for karamoja survey projects. Uganda Government will borrow €20m from Corporate Internationalization fund of Spain for Karamoja project survey. This was make public by government spokesperson Ofwono Opondo. Cabinet member authorize the fund which will be use for the implementation of the Airborne Geophysical survey and Geological mapping. During the official announcement, Opondo says that with this mapping, government will be able to establish the various categories of minerals within Karamoja…

KENYA REQUEST US$750M FROM WORLD BANK FOR DEVELOPMENT

Posted on 28 May 2019 by Gambeta News

Kenya Government request US$750million from World Bank for infrastructural developments Kenya Government has ask for fund from the world bank for development of different infrastructure. The fund will be use to provide affordable housing, agriculture and other projects. The request is worth US$750million. The request is the first time in more than a decade that Kenya has ask for loan from the bank. According to the project document on the bank’s website, the loan will…

RWANDA, DR CONGO REVIEW CROSS-BORDER TRADE TAX

Posted on 27 May 2019 by Gambeta News

Rwanda and DR Congo review cross-border trade during a bilateral meeting in kigali. Rwanda and DR Congo are reviewing the cross-border trade tax. This is after both nations agree to come up with a list of products, business sizes that will benefit the tax-free cross-border trade. The bilateral meeting had both nation Ministers for Trade in attendance. Meanwhile, the deal which was originally signed in 2016 is still not functioning. The simplified trade regime (STR)…

ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

Posted on 27 May 2019 by Gambeta News

Ghana sign deal with Ethiopian Airline to establish a national airline in Accra. Ethiopian Airline has sign a deal with Ghana government to establish a national airline in Accra. The deal is a joint investment from the Ghanaian government, the private sector, and the Ethiopian airline. According to the deal, the ownership of the Airline will consist of three structures. This structures are Ghanaian government having 10%, private investors from West Africa having 415 while…

ZIMBABWE PRESIDENT TO UNVEIL US$10M TIE AND BRICK PLANT

Posted on 27 May 2019 by Gambeta News

President Emmerson Mnangagwa to unveil SZCC’s tie and brick manufacturing plant. President Emmerson Mnangagwa will today officially commission the brink and tile manufacturing plant at Sino Zimbabwe Cement Company. The official unveiling of the plant will enable additional competition to the industry. During the announcement by Midlands Provincial Affairs Minister Senator Larry Mavima, the plant will also provide additional bricks and competition, which in turn will have an effect on pricing. The aim of the…

HIGHLIGHTS OF THE FIDIC-GAMA 2019 CONFERENCE

Posted on 24 May 201924 April 2020 by Gambeta News

Highlights of interesting activities at the Fidic-Gama 2019 conference in Kampala Uganda. The 26th FIDIC-GAMA Infrastructure Conference in Kampala Uganda was littered with lots of interesting activities. The 3 days (12th – 14th May 2019) International conference organized by the Uganda Association of Consulting Engineers (UACE) and sponsored by the Kampala Capital City Authority (KCCA) was held at the Kampala Serena hotel. The event had amazing speakers who presented papers centred around the programme’s theme:…

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