GHANA BECOMES FIRST WEST AFRICAN COUNTRY TO RECEIVE CORONAVIRUS VACCINES

GHANA BECOMES FIRST WEST AFRICAN COUNTRY TO RECEIVE CORONAVIRUS VACCINES

Ghana has become the first country to receive a delivery of coronavirus vaccines from the global effort to boost inoculation access, beating giant Nigeria to roll out a vaccination programme to protect its citizens. A plane with 600,000 initial doses and made by Astrazeneca landed in the capital Accra Wednesday to the delight of the people and government of the West African nation that has recently been punching its weight. Vaccinations are now expected to…

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PRESIDENT BUHARI FLAGS-OFF OF THE KANO – KATSINA – JIBIYA – MARADI RAIL LINE

PRESIDENT BUHARI FLAGS-OFF OF THE KANO – KATSINA – JIBIYA – MARADI RAIL LINE

President Buhari’s Speech at the Flag-Off of the Kano – Katsina – Jibiya – Maradi Rail Line “I am delighted to preside over the groundbreaking ceremony for commencement of the construction of yet another vital transportation infrastructure. The rail line that traverses the major commercial and administrative centre of Kano and passing through other economic hubs of the country including Kazaure, Daura, Katsina and up to the border town of Jibiya and the Niger Republic…

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AFRICA LOOKS INWARD FOR SOLUTIONS AS CHINESE FUNDING SLOW DOWN

AFRICA LOOKS INWARD FOR SOLUTIONS AS CHINESE FUNDING SLOW DOWN

The African Union is setting up a fund to finance the construction of much-needed roads, railways and power plants on the continent, its infrastructure head said, turning to new sources of cash due to donor fatigue and higher debt levels. The continent has an estimated annual infrastructure financing deficit of $60 billion-$90 billion, the AU says, making it hard for the body to advance its goal of integrating the disparate individual markets into a single,…

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SPOTLIGHT ON UGANDA’S ROAD, POWER AND WATER SECTOR LEADERS

SPOTLIGHT ON UGANDA’S ROAD, POWER AND WATER SECTOR LEADERS

Three Infrastructure sector leaders, Ms. Allen C. Kagina (Executive Director, Uganda National Roads Authority), Mr. Selestino Babungi (Managing Director, Umeme Limited – Uganda’s main electricity distribution company) and Dr. Silver Mugisha (Managing Director, National Water & Sewerage Corporation) share information about their organisation’s roles in the development of Uganda.

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BUILDING BRIDGES INITIATIVES WILL INCREASE GRASSROOT DEVELOPMENT IN KENYA

BUILDING BRIDGES INITIATIVES WILL INCREASE GRASSROOT DEVELOPMENT IN KENYA

NAIROBI, 19th February 2021 (PSCU) – President Uhuru Kenyatta has urged Kenyans to back the Building Bridges Initiatives (BBI), saying it will increase the amount of development resources devolved to the grassroots. Speaking on Friday when he toured Kayole and Dandora to launch health and water projects implemented by the Nairobi Metropolitan Service (NMS), President Kenyatta specifically encouraged Nairobi residents to support BBI as it is set to address most of the problems facing them…

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ELECTRICITY SUPPLY IN MALAWI IS THREATENED BY WEAK GOVERNANCE STRUCTURE IN ESCOM

ELECTRICITY SUPPLY IN MALAWI IS THREATENED BY WEAK GOVERNANCE STRUCTURE IN ESCOM

Although government fully controls the Electricity Supply Corporation of Malawi (Escom) as a statutory body, the institution is, in fact, a private company limited by shares and is incorporated under the country’s Companies Act 1984. This confused legal entity status for the organisation, according to documents Weekend Nation has seen, creates governance problems. The documents indicate Escom was registered at the Registrar of Companies as a private company with registration number 5081 after changing from Electricity Supply…

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MAKHTAR DIOP BECOMES FIRST AFRICAN NATIONAL TO LEAD THE INTERNATIONAL FINANCE CORPORATION

MAKHTAR DIOP BECOMES FIRST AFRICAN NATIONAL TO LEAD THE INTERNATIONAL FINANCE CORPORATION

WASHINGTON, February 18, 2021—World Bank Group President David Malpass today announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation (IFC), an arm of the World Bank Group that advances economic development and improves the lives of people by encouraging growth of the private sector in developing countries. “Makhtar Diop has deep development and finance experience and a career of energetic leadership and service to developing countries…

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BERTIL HARDING HIGHWAY EXPANSION GOES AHEAD AS FUNDING IS SECURED

BERTIL HARDING HIGHWAY EXPANSION GOES AHEAD AS FUNDING IS SECURED

Press release, OIC, Gambia The OIC Gambia has started the bidding process for the expansion of the Bertil Harding Highway which will be turned into a dual carriage way with roundabouts and interchanges. Fund for project has already been secured. ”We are excited about this development because it means that the widening of the Bertil Harding Highway will be implemented within the expected timeframe”, says Nfally Fadera, the brand and communication manager of the OIC…

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FIRST WOMAN AND THE FIRST AFRICAN TO LEAD THE WORLD TRADE ORGANISATION

FIRST WOMAN AND THE FIRST AFRICAN TO LEAD THE WORLD TRADE ORGANISATION

Dr Ngozi Okonjo-Iweala from Nigeria is appointed as the next World Trade Organisation (WTO) Director-General. Dr. Ngozi makes history as the first woman and the first African to lead the WTO. Her term starts on the 1st of March 2021. Here is a statement by the Chair of the General Council, Ambassador David WALKER (New Zealand) on the appointment of Dr. Ngozi as the next Director-General; “And last but certainly not least, I would like…

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ZIMBABWE EXTENDS LOCKDOWN FOR TWO MORE WEEKS AS ECONOMY SUFFERS

ZIMBABWE EXTENDS LOCKDOWN FOR TWO MORE WEEKS AS ECONOMY SUFFERS

While other African nations like Nigeria are avoiding the economic and social menace resulting from lockdown restriction, President Emmerson Dambudzo Mnangagwa is extending the lockdown in Zimbabwe. Here is a recent tweet from the president; It is with deep sadness that I today announced that lockdown in Zimbabwe has been extended for two more weeks. I know that this will be painful for many Zimbabweans and this decision was not taken without great deliberation. But…

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PRESIDENT RAMAPHOSA GIVES UPDATE ON INFRASTRUCTURE DEVELOPMENT ACTIVITIES IN SOUTH AFRICA

PRESIDENT RAMAPHOSA GIVES UPDATE ON INFRASTRUCTURE DEVELOPMENT ACTIVITIES IN SOUTH AFRICA

Fellow South Africans,   It is nearly four months since I stood here before a Joint Sitting of this Parliament to present to the nation the Economic Reconstruction and Recovery Plan.   This evening, we stand here not to make promises but to report on progress in the implementation of the recovery plan and the priority actions we must now take to restore growth and create jobs.   Since the launch of the plan, we…

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CORONAVIRUS IS HELPING AFRICAN ECONOMIES COMPETE

CORONAVIRUS IS HELPING AFRICAN ECONOMIES COMPETE

When all is said and done in 2020, African economies will probably have outperformed the rest of the world during the coronavirus pandemic. Africa’s 54 countries now include seven of the globe’s 10 fastest-growing economies, in part because the lethal virus may have improved their competitive advantage as they accelerated their decade-long transformation from exporters of natural resources to hubs of wireless, remotely engaged commerce. The transition to technology-driven, 21st-century business in a region where…

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PRESS RELEASE GHANA-UK JOINT STATEMENT: GHANA-UK TRADE PARTNERSHIP AGREEMENT

PRESS RELEASE GHANA-UK JOINT STATEMENT: GHANA-UK TRADE PARTNERSHIP AGREEMENT

On 31 December 2020, Ghana and the UK announced that they had reached a consensus on the main elements of a trade agreement that would replicate the effects of the trade relationship between Ghana and the UK prior to the end of the Transition Period following the withdrawal of the UK from the European Union. They stated their intention to finalise the text of the agreement to reflect progress made in relation to rules of…

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PRESIDENT OF CÔTE D’IVOIRE PROMISES TO DEVELOP ECONOMIC INFRASTRUCTURES

PRESIDENT OF CÔTE D’IVOIRE PROMISES TO DEVELOP ECONOMIC INFRASTRUCTURES

This year 2021, we will accelerate the structural transformation of our economy by diversifying the industrial productive apparatus, improving the processing of agricultural raw materials and increasing mining production. The development of economic infrastructure and the increase in social spending will also be at the heart of our action.  

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GHANA’S LAKE VOLTA TIMBER SALVAGE CONCESSION IS THE WORLD’S LARGEST

GHANA’S LAKE VOLTA TIMBER SALVAGE CONCESSION IS THE WORLD’S LARGEST

Here’s the story of Kete Krachi Timber Recovery Ltd. Ghana’s 1st environmentally-friendly timber company that specializes in salvaging wood in Lake Volta for exports. Kete Krachi Timber Recovery is a wholly-owned subsidiary of Dedeso Holdings Incorporated, a majority Ghanaian-owned company that holds the Lake Volta timber salvage concession. The concession covers 3,500km2 and contains 14 million m3 of recoverable hardwood timber that can be salvaged with zero harm to the aquatic environment and provide Ghana’s depleted forests…

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KAJIADO COUNTY THREATENS TO SUE GOVERNMENT OVER BAD ROAD IN KENYA

KAJIADO COUNTY THREATENS TO SUE GOVERNMENT OVER BAD ROAD IN KENYA

Residents of Kajiado East and North constituencies have threatened to move to court over the poor state of their roads, which they claim is the result of deliberate neglect by the Kenya Rural Roads Authority (KeRRA). The residents said many road projects in the area have been abandoned, resulting in the continued breakdown their vehicles and providing a breeding ground for criminals. When the Nation visited the area, they further said they incur high costs…

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UPDATE ON THE ONGOING CONSTRUCTION WORKS AT NTINDA/KISAASI INTERCHANGE IN UGANDA

UPDATE ON THE ONGOING CONSTRUCTION WORKS AT NTINDA/KISAASI INTERCHANGE IN UGANDA

Abutment and pier construction on the Ntinda/Kisaasi Interchange works along Phase 2 of K’la Northern Bypass project has been completed. The next works are the beams to be placed across. On completion, the Interchange will reduce traffic flow constraints reduce transit times improve safety of road users #UNRAworks

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REASONS WHY KENYA SHOULD SUPPORT THE DIGITALISATION OF THE LAND ADMINISTRATION SYSTEM – NLIMS

REASONS WHY KENYA SHOULD SUPPORT THE DIGITALISATION OF THE LAND ADMINISTRATION SYSTEM – NLIMS

Farida Karoney, Kenya’s Cabinet Secretary for Lands & Physical Planning has been holding series of stakeholder engagement ahead of the official launch of the National Land Information Management System (NLIMS). The NLIMS is enabling a shift from the current paper-based system to a digital system of land administration and management. Thereby, enhancing partnerships with professional and investigative bodies, encourage information sharing, and build public trust and confidence in services offered by Government through the Ministry…

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KINGDOM OF ESWATINI LOOKS INWARD TO RAISE FUNDS FOR NATIONAL DEVELOPMENT

KINGDOM OF ESWATINI LOOKS INWARD TO RAISE FUNDS FOR NATIONAL DEVELOPMENT

The southern African Kingdom of Eswatini is overhauling its tax system and reducing its debt arrears as it seeks to shore up its finances amid the coronavirus pandemic. The landlocked nation intends introducing new levies to increase its tax take and bring more individuals and entities into the net, Finance Minister Neal Rijkenberg said in an interview. The government estimates that the so-called “shadow economy” of illicit and informal activity, accounts for about 40% of…

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