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…

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…

MALL FOR AFRICA SPREADS TO MORE PARTS OF AFRICA.

Posted on 2 February 2018 by Gambeta News

Mall for Africa expands to 11 new countries in Africa. Worldwide e-commerce and m-commerce colossus, Mall for Africa will expand into 11 new countries in Africa. In acknowledgement to the growing demand for its patented platform, the app will now be available in African countries like Angola, Chad, Guinea, Botswana, Tanzania, Uganda, Malawi, Egypt, Democratic Republic of Congo, Senegal, and Sierra Leone. The app offers items from 250 US and UK retailers to stores that are…

Angola – Africa’s Oil Giant

Posted on 13 November 20176 March 2018 by Gambeta News

As Angola celebrated it’s 42nd Independence on August 11th, we took a look at the Portuguese speaking nation. Located in the Southern part of Africa on the Atlantic coast, Angola is Africa’s Largest Oil Producer. Endowed with large oil reserve, the country has showed an impressive economic growth rate with a GDP per capita at $3,486 (Opec). Angola holds a population of 27.5 million people in a land mass almost equal to twice the size…

IVANHOE MINES AGREE MOU WITH SNCC TO BUILD RAILWAY

Posted on 31 October 2017 by Gambeta News

Ivanhoe mine sign MOU with SNCC to rebuild the railway spur line which will support a new era of operation at the Kipushi zinc-copper mine. Ivanhoe Mines Ltd which is a Canadian mineral exploration and development company has signed a Memorandum of Understanding with the Democratic Republic of the Congo’s (DRC’s) national railway company Société Nationale des Chemins de Fer du Congo (SNCC), to rebuild a railway spur line to support a new era of operation at the…

AfDB Releases list of top 10 richest Francophone countries in Sub-Sahara Africa

Posted on 26 October 2017 by Gambeta News

AfDb have compiled and released a list of the top 10 richest french speaking countries in Sub-Saharan Africa. In the latest reports by the African Development Bank (AfDB), The Democratic Republic of Congo (DRC) has been considered as the country with the highest Gross Domestic Product (GDP) in Francophone Sub-Saharan Africa (SSA) in 2017. The report which listed the top 10 richest French-speaking countries in the SSA, ranked 12th richest African country in 2017, DR Congo as number…

NIGERIA IS RE-ELECTED TO UN HUMAN RIGHT COUNCIL

Posted on 17 October 2017 by Gambeta News

Ghana stepped down for Nigeria to be re-elected in the UN human right council, joining 14 other states. On Monday in New york, the UN General Assembly in a secret ballot elected Nigeria and 14 other states to be among the Human Rights Council, UNHRC, for a term between 2018 to 2020. According to Nigeria news Agency, UNHRC tends to be the highest intergovernmental body in the UN for matters that are related to protection…

ANGOLA PLANE CRASH- SEVEN PEOPLE DEAD

Posted on 16 October 201716 October 2017 by Gambeta News

Due to bad weather, 7 people are dead in a plane crash in Angola. According to authorities on Monday, the plane that crashed in the romote corner of Angola that had seven people on-board was downed because of bad weather. The Angola’s fire service said the Brazilian-built Embraer aircraft that is operated by Air Guicango and was heading for Luanda crashed on Thursday after taking off from Dundo near the congolese border. The rescue chief…

African Finance Corporation to fund Natural resources development across Africa

Posted on 9 October 20179 October 2017 by Gambeta News

AFC have set aside US$700m for the development of Africa’s Natural resources sector. At the 9th West and Central Africa (WACA) Mining Conference and Exhibitions, Begna Gebreyes , the Vice President, Investment, of African Finance Corporation (AFC) said, AFC will be making available about US$700 million for the development of the natural resources sector of the continent. In his statement he buttressed that for the socio-economic development of African countries, more infrastructure will be needed by resource extraction firms….

CHINA TO FUND US$1.2bn ZAMBIAN HIGHWAY

Posted on 12 September 2017 by Gambeta News

Zambia has launched construction of the 321-kilometer Lusaka-Ndola dual carriageway that connects the southern and central parts of the country to the mining towns in the Copperbelt province. The mega-road project which will be constructed by China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) at a cost of US$1.2bn, is funded by a loan from China’s Exim Bank. The new road when completed will improve the flow of traffic and drastically reduce accidents on…

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