Ghana receives €175 million grant. Ghana and the European Union (EU) has come to a conclusion as regards to the agreement to support Ghana’s plan of developing the country in 7 years time with a total of €175 million. The agreement signed by Finance Minister, Ken Ofori-Atta on behalf of the West African country and the EU Ambassador to Ghana, William Hanna. €102 million from the grant will be for Ghana’s Productive Investment in Infrastructure for Agriculture…
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Perseus mining has done her first gold pure ahead of schedule Perseus mining company completed its first gold pour in Ivory Coast one month ahead of schedule. The estimated capital cost of the full development of the mine and infrastructure, amounted to $107-million. As part of the implementation of its operations readiness plan for Sissingué, Perseus has recruited an experienced operating team under the leadership of General Manager Merlin Thomas. The team has…
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AFBD approve loan for new bauxite mine construction in Guinea which will help achieve the nation Vision 2035 goals. Africa Development Bank (AFDB) has continue its strategic priorities on development with the approval of US $100m loan for a railway, port and mine construction in Guinea with the project in line with at least two of the Bank’s five strategic priorities; High 5: “industrialize Africa” and “improve the lives of people in Africa”. The project is…
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Rwanda government secure funds for the construction of a water treatment plant in the state capital. The construction of the water treatment plant in Rwanda is been financed by The Emerging Africa Infrastructure Fund (EAIF) and it is expected to be the first Bulk Surface Water Supply in sub-Saharan Africa using a public/private partnership (PPP) model. The project is inline with Rwanda aim to see 100% of its 12.4m people having reliable access to clean…
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International Finance Corporation partners with nine international banks to build Benban solar park which will be the largest solar park in the world. International Finance Corporation (IFC) which is a member of the World bank has announced plans to construct 13 solar power plant in Aswan, Egypt. The project which is expected to have 13 solar plant will be the largest solar park in the world after its completion. The fund was raised by IFC in collaboration…
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Uganda open first solar plant to help increase electricity as well as job opportunities for resident of that communities. The level of solar energy utilisation in Uganda is still very low which made the country to improve by installing its first solar pv in the early 1980 but it was mainly driven by donor-funded programmes for lighting and vaccine refrigeration in health centers. Due to poor electricity supply, the country has open a solar plant…
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African countries have made significant steps in nuclear science development under the guidance of the United Nation’s International Atomic Energy Authority (IAEA) and its key member states. IAEA organizes a rolling program of training and courses for African professionals from across the continent to gain knowledge and skills in the nuclear field. The results from East African countries are already substantial. With the help of international training and assistance Tanzanian doctors are now able to deliver…
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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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GambetaNews.com monitors updates on all infrastructure investments and construction activities happening across the 54 countries in Africa. We report first-hand information from political, business and institutional leaders. We have a digital issue, “Afristructure Magazine” which showcases case studies from across the continent. There, we explore the strategies implemented by countries in attracting funding, building capacity, combating corruption and other institutional challenges. These efforts are aimed at providing a holistic approach to solving the infrastructural deficit. Africa…
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