LARGEST AIRPORT IN AFRICA

Posted on 17 January 2020 by Gambeta News

Ethiopia plans to commence building Africa’s largest airport at $5 billion within six months. The new airport will be 70 kilometers from the existing Bole International Airport in the capital Addis Ababa, and can handle as many as 100 million passengers yearly. This expansion would elevate Ethiopia to compete with London’s Heathrow (Europe’s busiest airport), and Dubai International (currently the world’s number 1 for international flights) as it has more capacity than both. According…

NIGER PRESIDENT NAMED NEW ECOWAS LEADER

Posted on 1 July 20191 July 2019 by Gambeta News

President Issoufou plans to use ECO as a single currency after elected as ECOWAS leader ECOWAS has elected Niger President Mahamadou Issoufou as its new leader. President Issoufou who will be in charge for a one year period has adopted ECO. This ECO will be the name for a single currency as distribution will begin in January 2020. President Issoufou takes over from President Muhammadu Buhari of Nigeria during the 55th Ordinary Session of the…

NIGERIA DIASPORA REMITTANCES REACHES US$24bn

Posted on 17 April 2019 by Gambeta News

Remittances of Nigerian Diasporas hit US$24 billion in 2018

Remittances from Nigerian Diasporas hits US$24 billion in 2018 Remittances from diasporas of Africa’s most populated country – Nigeria in 2018 reached US$24.3 billion. This is the highest figure across Sub-Saharan Africa and it is also US$2 billion higher than the inflows in 2017. World Bank’s latest Migration and Development Brief shows that; last year (2018) immigrants sent US$46 billion to their home countries in sub-Saharan Africa. This is in fact a 10 percent increase when comparing…

AFRICAN LEADERS AT THE INVESTITURE FOR SENEGALESE PRESIDENT

Posted on 2 April 2019 by Gambeta News

African leaders join President Macky Sall of Senegal as He takes his oat for a second term in Dakar. Following a successful re-election in March, President Macky has spared no expense in inviting African leaders to witness His investiture. See pictures of African leaders at the investiture in Senegal. Here is a link to the live video on Facebook . 1.) President Roch Marc Christian Kaboré of Burkina Faso 2.) President Andry Rajoelina of Madagascar 3.) President Muhammadu…

AfCFTA – WORLD’S BIGGEST SINGLE MARKET IN AFRICA

Posted on 4 February 20194 February 2019 by Gambeta News

Ethiopia becomes 18th country to ratify the African Continental Free Trade Area (AfCFTA). This comes ahead of the 32 Ordinary Session of the Assembly of the African Union. Which will hold on the 10 – 11 of February 2019 in Addis Ababa, Ethiopia. African Continental Free Trade Area (AfCFTA) is an initiative launched on March 21, 2018 by the assembly of the African Union. This launching was at the extraordinary Summit in Kigali, Rwanda. The…

JAPAN SET TO CONSTRUCT FISHING PORT IN LIBERIA

Posted on 9 January 2019 by Gambeta News

Plans underway for the construction of a fishing port in Buchanan city as delegates arrives Liberia Fishery is part of Liberian way of getting funds but over the last years the nation has loss huge revenues. This is because the nation does not have a good place to store its fish. Meanwhile, it is due to the fact that Liberia fishing pier lacks the capacity to take in more vessels. Therefore, as a means to ensure…

African delegates attending Paris Peace Forum

Posted on 10 November 2018 by Gambeta News

The Paris Peace Forum is neither a summit nor a conference. It is a new annual event based on a simple idea: international cooperation is key to tackling global challenges and ensuring durable peace. To support collective action, it gathers all actors of global governance under one roof for three days. Through original formats of debates and the presentation of solutions, attending stakeholders will discuss and develop solutions for today’s transborder challenges. These are the projects originating from…

AFRICAN ECONOMIES ARE NOT COMPETITIVE – WEF 2018 REPORT

Posted on 18 October 201818 October 2018 by Gambeta News

WEF 2018 report ranks African economies as least competitive

African economies rank least competitive in World Economic Forum (WEF) 2018 report . World Economic Forum (WEF) 2018 report says various African Economies have remained uncompetitive. The reason its says is especially due to weak institutions and inadequate public policies. In the WEF 2018 report; US Economy topped the world ranking while African economies ranked among the least in the list. According to the reports no country can be fully competitive as the world average…

The Republic of Benin

Posted on 1 August 20181 August 2018 by Gambeta News

The Republic of Benin became independent from France on the 1st August, 1960 Benin is a narrow, key-shaped, north-south strip of land situated in West Africa; it’s officially the Republic of Benin and was formerly called Dahomey. Around it you would find Togo to the west, Bight of Benin to the south, by to the east and by Burkina Faso and Niger to the north. Lately the country has turned out to be the most visited country…

THE SINGLE AFRICAN AIR TRANSPORT MARKET SET TO GO.

Posted on 28 May 201828 May 2018 by Gambeta News

The Single African Air Transport Market (SAATM) concept will unite African aviation sector and foster economic growth. The concept of SAATM is on the track, as 26 African Countries have agreed to the idea. Plans to internationalize SAATM are on track, hence a meeting set to take place at Togolese capital, Lome. Countries to have signed the commitment include: Benin, Burkina Faso, Botswana, Cape Verde, Ivory Coast, Egypt, Ethiopia, Gabon and Ghana. Guinea, Kenya, Liberia, Mozambique,…

AfDB GIVES GHANA US$20m LOAN FOR ROAD CONSTRUCTION

Posted on 7 February 2018 by Gambeta News

AfDB supports Ghana in construction of alternative to Adomi bridge

Ghana gets loan from AfDB to construct alternative for Adomi bridge. The African Development Bank (AfDB) have released US$20m loan to Ghana for the construction of a link road. The link road is between Volivo to Dorfor Adidome, where another bridge needs to cut across the Volta lake near the Togo border. This new 54-meter bridge, will serve as an alternative to the Adomi bridge. It will help ensure free flow of traffic whenever there is routine…

AfDB AND EU TO INVEST US$9m IN ABIDJAN-LAGOS HIGHWAY

Posted on 15 November 2017 by Gambeta News

Abidjan-Lagos Highway gets US$9m boost from AfDB and EU According to the President of the Economic Community of West African States (ECOWAS), Marcel Alain de Souza, The African Development Bank (AfDB) and the European Union (EU) have agreed to inject US$9m for the construction of the 1,008km highway which will connect Abidjan to Lagos. Mr. Marcel said after 42 years of integration, ECOWAS are yet to achieve 15 per cent of its goal, and since 70% of…

West Africa in talks about shared currency

Posted on 1 November 2017 by Gambeta News

Nigeria not partisan to the idea of a shared currency among West African Nations The Economic Community of West African States (ECOWAS) is currently in talks about a shared instrument. This was recently confirmed, when the Chairman of ECOWAS and also Togolese President, Faure Gnassingbe stated that “our region needs this unifying instrument, symbol of our shared destiny, to consolidate our customs union”. The economic community set up a task force comprising Togo, Niger, Ghana,…

WAEMU SECURE HOUSING LOAN FROM WORLD BANK

Posted on 20 October 2017 by Gambeta News

World bank give loan of US $155m to WAEMU for its housing development. West Africa economic and monetary union (WAEMU) has gotten an assistance from the world bank to help improve its housing. The west Africa regions include Benin, Burkina, Cote d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo is expected to have the housing shortage increase to a reasonable amount. World Bank Country Director for West Africa Regional Operations, Rachid Benmessaoud; ”That one dollar of IDA will…

« 1 2 3 4