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…

ZERA TO REDUCE POWER OUTPUT IN ZIMBABWE

Posted on 18 April 2019 by Gambeta News

ZRA reduction of water allocated for electricity generation affecting both ZERA and ZESCO. Zimbabwe Energy Regulatory Authority (ZERA) to reduce the power output by 5.3 percent to 445 megawatt. After Zambezi River Authority (ZRA) cut the water allocation for electricity generation. ZRA reduce the water allocated for ZERA from 38 billion cubic metres to 36 billion cubic metres. The reduction of the water was at anchor power station, Kariba South which is river basin between Zambia and Zimbabwe. According…

32ND AFRICAN UNION SUMMIT KICKS OFF IN ETHIOPIA

Posted on 11 February 201911 February 2019 by Gambeta News

The 32ND African Union Summit for Heads of State and Government of all the 55 African countries is currently on-going in Addis Ababa, Ethiopia. The theme for the 32nd African Union summit is; “The Year of Refugees, Returnees and Internally Displaced Persons: Towards Durable Solutions to Forced displacement in Africa”. During the opening ceremony, chairperson of the African Union Commission Mr. Moussa Faki Mahamat welcomed the assembly of leaders, specially welcoming the new leaders of…

ZIMBABWE’S LAND REFORM: A CAUTIONARY TALE FOR SOUTH AFRICA?

Posted on 17 January 201917 January 2019 by Gambeta News

How Zimbabwe’s land reform is costly the nation. Zimbabwe is a country that is surrounded by land in southern Africa, between the Zambezi and Limpopo Rivers. In Zimbabwe, Harare is the capital and largest city. The country is approximately 16 million people and has 16 official languages that consist of English, Shona and Ndebele the most commonly used languages. Land reform in Zimbabwe: It all started in 1980 with the documentation of the Lancaster House…

DANGOTE: NIGERIA’S MOST VALUABLE BRAND 2018

Posted on 4 September 2018 by Gambeta News

Dangote ranks most valuable brand in Nigeria for 2018. Brand Nigeria after a survey have named Dangote, Nigeria’s multinational industrial company the most valuable brand in Nigeria for 2018. This is coming barely three months after Dangote was also declared the most admired brand of African origin by consumers. Dangote top 49 other brands to become the most valuable brand in Nigeria. This is the first time since 2013 a Nigerian brand is achieving this feat. According…

WHY AFRICA NEEDS MORE AGRITECH ENTREPRENEURS

Posted on 18 July 2018 by Gambeta News

WHY AFRICA NEEDS MORE AGRITECH ENTREPRENEURS Agriculture is the biggest employer in Africa with about 70% of the population depending on it to make a living. Agriculture contributed to about 32% of Africa’s GDP as at 2016. Growth in this sector is 11 times more effective in reducing poverty than growth in any other sector. The agricultural value chain is to add more jobs than any other sector in countries such as Ethiopia, Malawi, Mozambique, Tanzania, Uganda, and…

REPUBLIC OF MALAWI – THE WARM HEART OF AFRICA

Posted on 6 July 2018 by Gambeta News

THE REPUBLIC OF MALAWI CELEBRATES ITS 54 YEARS OF INDEPENDENCE TODAY The Republic of Malawi is a beautiful country that offers so much to visitors. This landlocked country provides an ever-changing and diverse landscape. It is bordered by Zambia to the north west, Tanzania to the north east and Mozambique to the south, south west and south east. It is one of the safest countries in Africa. FUN FACTS ABOUT MALAWI Before independence, Malawi was…

Independence Day in Mozambique

Posted on 26 June 201826 June 2018 by Gambeta News

TODAY is Independence Day in Mozambique, celebrating its independence from Portugal on June 25, 1975. After over four centuries of Portuguese rule, they gained independence in 1975, becoming the People’s Republic of Mozambique shortly thereafter. Mozambique is a country in Southeast Africa. The official name of the country is the Republic of Mozambique. It is bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the…

ZIMBABWE RECEIVED FUNDS FROM JAPAN FOR ROAD PROJECT

Posted on 21 June 2018 by Gambeta News

Japan grants US$21 million to zimbabwe for road project which will help boost the nation economic. Japan has given the sum of US$21 million to Zimbabwe which will aid in improving road projects. The grant will also be use to steep gradients on the Makuti-Chirundu section of the North-South Corridor. The grant which are non-reimbursable funds will be use to acquire product and service. This product and service will help the economic and social development. It will also…

WHY FORBES AFRICA 30 UNDER 30 IS INSPIRING YOUNG AFRICANS

Posted on 7 June 20187 June 2018 by Gambeta News

Forbes release list of Africa 30 under 30 young African entrepreneurs. In Africa, Youth often see themselves as tools that will never grow due to the mindset that was pass down from generation. They have the passion to excel but are still having the same small mindset. I sometime believe that if we can turn that passion and redevelop our mindset then the sky is our limit. Mindset is a powerful tool that needs to…

BASF OPENS NEW CHEMICAL OFFICE IN TANZANIA

Posted on 16 May 2018 by Gambeta News

Chemical firm BASF open new office in Tanzania as part of its Africa growth strategy. The chemical firm BASF has open a new office in Tanzania. The office will help offer highly customize sales and technical support to their customers. It will also increase the company business activities in Tanzania as well as fostering more partnership and business growth. BASF Vice President for Africa, Michael Gotsche said “Our presence in Tanzania will enable us to respond to…

ZIMBABWE

Posted on 18 April 201818 April 2018 by Gambeta News

Zimbabwe is a country rich in natural views and fascinating landscapes The name “Zimbabwe” is derived from two words of Shona language ‘dzimba’ (menaing ‘houses’) and ‘mabwe’ (meaning ‘stones’) and can be translated into English as ‘Big houses of stones’ or ‘honorable houses’. Zimbabwe is set in south-central Africa, between two of the well known African rivers the Limpopo and the mighty Zambezi. Fun Facts you didnt know about Zimbabwe Zimbabwe became independent from the United Kingdom on April…

MOROCCO: 2017 TOP INVESTMENT DESTINATION IN AFRICA

Posted on 9 April 20189 April 2018 by Gambeta News

Morocco ranks number one in 2017 top investment destination in Africa According to Quantum Global Research Lab’s latest Africa Investment Index 2018 (AII), Morocco is the most attractive economy for investments in Africa. Morocco ranks first based on its increasing economic growth, strategic geographic positioning, increased foreign direct investment, external debt levels, social capital factors and overall favourable business environment. Morocco has consistently attract inward flow of foreign capital, specifically in banking, tourism and energy sectors and also…

TANZANIA TAEC LAB CONSTRUCTION ALMOST READY

Posted on 14 March 2018 by Gambeta News

Tanzania new high tech lab nearing completion. The construction of the high tech lab which kick-off in 2015 will have its first phase nearing completion in Tanzania. The project which is aim at helping the country reach its target of having an atomic energy use worldwide. Director of Nuclear Technology at the Arusha-based institution said Firmin Banzi, said “Up to 70 to 80% of the civil works are ready. He also highlight that the instruments testing would be…

CAMINEX 2018

Posted on 6 March 20188 March 2018 by Gambeta News

Accelerating business growth and development on the Copperbelt. CAMINEX 2018; Kitwe Showgrounds, Zambia from 05 – 07 June 2018. With a sustained growth in the mining sector until 2021 (BMI Research). As a result Zambia is one of the top five most attractive investment destinations in Africa (Africa Investment Index 2016 – Quantum Global). There is still a need for further diversification into agriculture, manufacturing and construction, CAMINEX 2018 will provide exhibitors a platform to…

NEW CARGO TO BE CONSTRUCTED IN TANZANIA

Posted on 22 February 2018 by Gambeta News

Tanzania government set to sign contract with korea firm for the construction of a new cargo in Lake Tanganyika. Tanzania is set to sign a contract for the construction of a cargo. It will have the capacity to carry 600 passengers and 200 tonnes of cargo. While operate in the eastern side of Lake Tanganyika, it will reduce duties carried-out by the oldest MV Liemba. Deputy Minister for Transportation and communication, Atashasta Nditiye on a tour to the site said…

TANZANIA’S SUMBAWANGA AIRPORT RECEIVE FUNDS FOR UPGRADE

Posted on 21 February 2018 by Gambeta News

Sumbawanga Airport receive US $24.9m for upgrade of airport to international standard. The sumbawanga airport will soon be upgrade after funds was release by the government. The upgrade which will cost US $24.9m would make it an international standard and help grow the economic. It will also attract business opportunity from neighbouring countries like Zambia and DRC. The Deputy Minister for Works, Transport and Communication, Atashasta Niditiye, had visit the site to inspect the airport during his two…

DEVELOPMENT FIRM COMBINED TO CONSTRUCT MWENDA-KASHIBA ROAD

Posted on 13 February 2018 by Gambeta News

Construction of road project on track after inspection. The construction of the road project is a joined Public Private Partnership between Groupe Européen de Développement (GED) and Development Bank of Southern Africa. The both firm conducted an environmental assessment of the 187 km road that will cost US $475m. The project will have a modern bridge across Luapula River and a Border Post at Kashiba. It will also connect Zambia to Congo DR in Luapula Province through Chipili and Mwense districts. GED…

NWTGC US$480M CONSTRUCTION SET TO KICK-OFF IN BOTSWANA

Posted on 26 January 201829 January 2018 by Gambeta News

The project will create new jobs and help the nation be one of the distributor of power to neighbouring countries. The ground breaking ceremony of the power line construction project was presided over by Advocate Sadique Kebonang, the Minister of Minerals Resource, Green Technology and Energy. The project termed North West Transmission Grid Connection(NWTGC) costs about US $480m and is divided into two phases. Phase I is the construction of a 400 kv backbone transmission line with…

Nigeria moves up 24 points in world’s ease of doing business ranking

Posted on 1 November 2017 by Gambeta News

Nigeria moves up in World Bank Business ranking According to World Bank 2018 reports, it has been confirmed that Nigeria have moved from 169th to 145th in the world’s ease of doing business ranking. Other countries who also improved their business environment through numerous reforms includes; El Salvador, India, Malawi, Brunei Darussalam, Kosovo, Uzbekistan, Thailand, Zambia and Djibouti. The countries together implemented a total of 53 business regulation reforms across 10 of the areas measured by…

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