Development Archives - Page 28 of 55

NORRSKEN KIGALI HOUSE PHASE THREE CONSTRUCTION ANNOUNCED

Posted on 2 March 20233 March 2023 by Gambeta News

Norrsken Kigali House, Africa’s biggest hub for entrepreneurs, has broken ground for the final phase of the construction (Phase 3) of its Kigali House which will commence on March 1. The Norrsken Kigali House phase 3 construction is a state-of-the-art office building that is set to transform the Kigali central business district skyline. The project is expected to house corporate companies and budding entrepreneurs bringing significant economic benefits to Rwanda. Speaking at the groundbreaking ceremony,…

IFC TO INVEST US$256MILLION ON SENEGAL’s LARGEST CEMENT MANUFACTURER

Posted on 1 March 2023 by Gambeta News

The International Finance Corporation (IFC), the World Bank’s investment arm, said it would invest €242-million ($256-million) in Senegal’s largest integrated cement manufacturer, Sococim Industries, to boost low-carbon production. Sococim, a subsidiary of French cement maker Vicat, will receive a €120-million loan from IFC’s own account and €122-million equivalent in local currency from Société Générale Sénégal and other lenders. The majority of the financing – €214-million – will be earmarked for green activities, the IFC said…

GAMBIA GOVT.SIGN DEAL WITH SWISS COMPANY FOR REVENUE MOBILIZATION

Posted on 1 March 2023 by Gambeta News

The Ministry of Finance and Economic Affairs in partnership with the Gambia Revenue Authority signed a concession agreement with SICPA SA, a Swiss company, for the implementation of a revenue mobilization solution for excisable goods, telecoms services and refined fuels. The agreement signed at the Ministry of Finance is part of the reform priorities in the GRA’s corporate strategy plan 2020-2024. Speaking shortly after signing the agreement, the Minister of Finance, Seedy Keita said GRA,…

SHELTER AFRIQUE AVAIL US$25M FOR AFFORDABLE HOUSING PROJECT IN ZIMBABWE

Posted on 1 March 2023 by Gambeta News

Shelter Afrique has availed a US$25 million loan to the Government of Zimbabwe for affordable housing. Addressing a press conference in Harare yesterday after a meeting with the Ministry of National Housing and Social Amenities, banks, building societies, and housing co-operatives, Shelter Afrique managing director Mr Thierno Habib Hann said the initiative will scale up housing delivery in Zimbabwe. Mr. Hann said Shelter Afrique is a Pan African financial institution that focuses solely on financing…

SECOND RENAL FACILITY CONSTRUCTION AT 90% COMPLETE IN KENYA

Posted on 28 February 2023 by Gambeta News

In a bid to bring better services, Mama Lucy is set to open a renal unit at the hospital in March. Renal unit provides hemodialysis for both in and outpatients with chronic or acute kidney disease requiring renal replacement therapy. According to Nairobi Governor Johnson Sakaja, the renal facility is 90 per cent done. “ This will be the second one in Nairobi and will be launched on March 8,” he said. The first renal…

WHY CONGO GOVT. DEMAND ADDITIONAL US$17BILLION INFRASTRUCTURAL FUND FROM CHINA

Posted on 28 February 2023 by Gambeta News

The state auditor in Congo has demanded an additional $17 billion of investments from a 2008 deal with Chinese investors, which is currently under negotiation. The deal in question involves Sinohydro Corp and China Railway Group, who agreed to build roads and hospitals in exchange for a 68% stake in Sicomines, a joint venture with Congo’s state mining company Gecamines. President Felix Tshisekedi’s government has been reviewing the agreement, which was initially made with his…

FIRST PHASE OF EGYPT’s ARISH PORT DEVELOPMENT TO BE READY THIS YEAR

Posted on 28 February 2023 by Gambeta News

Egyptian President Abdel Fattah al-Sisi spoke about the development of the port of Arish, the first phase of which is expected to be inaugurated in 2023. After its development, the Egyptian army was able to send aid ships to Syria and Turkey. “We can say today that there will be a large size of land capable of entering production by the end of this year in Sinai,” commenting: “Our plan is not a modest plan,” Sisi…

GHANA GOVT. SIGN MIGRATION PARTNERSHIP WITH EU & UN

Posted on 27 February 2023 by Gambeta News

A two-year project has been launched in Accra to boost the capacity of migration stakeholders in Ghana, and leverage United Nations (UN) expertise for effective migration governance. Named “Building Migration Partnerships” the project is being implemented by the International Organization for Migration (IOM), for the UN Network on Migration (UNNM), in collaboration with the Ministry of the Interior. Funded by the European Union (EU), the government would receive support to implement the National Migration Policy…

NUJOMA FOUNDATION US$45M FIRST PHASE BUILDING PROJECT TO BE COMPLETED THIS YEAR

Posted on 23 February 2023 by Gambeta News

The Sam Nujoma Foundation said the first phase of construction of its new Windhoek office building will be completed this year, and the project would cost over N$45 million. The land situated in Windhoek North is located close to the new home affairs offices. The project is co-funded by the N$13 million the foundation made from the sale of a portion of the land donated to it by the Windhoek municipality in 2006. In the…

ETHIOPIAN AIRLINES SIGNED MoU WITH IGAD FOR HOSPITALITY

Posted on 22 February 2023 by Gambeta News

Ethiopian Airlines group and the Intergovernmental Authority on Development (IGAD) signed a Memorandum of Understanding that aims to provide a framework on the provision of the Airlines products and services to the regional blov. Per the MoU, Ethiopian Airlines will also provide hospitality services to IGAD at the Ethiopian Skylight Hotel. The airlines will also assign a dedicated team to handle travel and hospitality needs of the IGAD. “We are pleased to have signed this…

CONSTRUCTION OF BUS TERMINAL TO KICK-OFF IN CABO DELGADO, MOZAMBIQUE

Posted on 22 February 202322 February 2023 by Gambeta News

Valige Tauabo, Governor of the Province of Cabo Delgado, laid the first stone of a passenger bus terminal and a centre for the elderly in the district of Chiure. The construction of the bus terminal will proceed in two phases, the first of which will consist of the construction of the perimeter wall, porch, toilets and interior division for the movement of people, cargo vehicles, waiting places, boarding and disembarkation of passengers. Governor Tauabo said…

HOW CONSTRUCTION OF OXYGEN PIPELINE WILL BRIDGE OXYGEN GAP IN GHANA

Posted on 22 February 2023 by Gambeta News

The construction of the oxygen pipeline would bridge the existing oxygen gap whilst ensuring that the mortality rate due to the shortage of oxygen was reduced. Sponsored by an American non-governmental organisation, Society of Critical Care Medicines (SCCM), the project would be undertaken by a Ghanaian-based company, Life Care Technologies (LCT) within six months. Speaking at the launch over the weekend, a member of SCCM and an associate professor of anaesthesiology and critical care medicine…

BUDGET DEFICIT DERAIL DRAINAGE REHABILITATION IN RWANDA

Posted on 22 February 2023 by Gambeta News

A budget deficit is derailing the rehabilitation of 34 drainages to curb floods in the City of Kigali, the city Mayor, Pudence Rubingisa has said. “The floods that the city usually faces in April might create more ravines or drainages. Therefore drainage rehabilitation should be in a three-year action plan or in a more than four-year plan. We should have a number of drainages that should be rehabilitated every year,” he said. The increase in population in…

MOROCCO DAMS REACHED 97.3M CUBIC DUE TO LAST YEAR WATER DROUGHT

Posted on 21 February 2023 by Gambeta News

In the Marrakech-Safi region, water reserves reached 97.3 million cubic meters, with a filling rate of nearly 49%, up from 36% a year earlier. After last year’s severe drought, the dams’ filling rate in Morocco reached nearly 33%, equivalent to 5.2 billion cubic meters as of February 20. The filling rate remains largely stable compared to the same period last year, according to a statement from the Directorate General of Hydraulics quoted in converging media…

SIERRA LEONE FM SAYS INFRASTRUCTURE KEY FOR AFRICA’s FREE TRADE

Posted on 20 February 2023 by Gambeta News

Physical infrastructure has remained a major bottleneck in accelerating the implementation of the African free trade opportunities, Sierra Leone Foreign Minister Professor David Francis said. Speaking to ENA, the minister commended Ethiopia for its endeavors on physical integration to integrate the African continent via Ethiopian Airlines. Noting that infrastructural development is vital to accelerate the African free trade area, the minister noted that Ethiopia has come a long way to build physical infrastructure that would…

CONSTRUCTION OF MODERN WAREHOUSE PLANS IN MOTION IN TANZANIA

Posted on 20 February 2023 by Gambeta News

Tanzania government is finalizing construction of modern warehouses for cereal storage as part of initiatives to mitigate poisonous fungi, which are threatening food security. Agriculture, Irrigation, Natural Resources and Livestock Minister Shamata Shaame Khamis told the House of Representatives that poor storage is one of the contributing factors to the poisonous fungi. He said according to a situational analysis by the ministry, the fungi are a serious problem in the islands, affecting mostly maize and…

EXPERTS SAYS LACK OF LAND PLANNING CAUSED FLOOD IN MOZAMBIQUE

Posted on 20 February 2023 by Gambeta News

Experts on natural disasters and land planning say that “negligence” and “lack of land planning” aggravated the impact of floods in the Maputo region, but the high “intensity” of the rain increased the effect of the calamity. “We have not been preparing society and our institutions to deal with this type of extreme situation in the southern region,” said Luís Artur, engineer and disaster risk management specialist. The specialist pointed out that the authorities and…

ANGOLA GOVT. SEEK TO BOOST INFRASTRUCTURAL PROJECT THROUGH CHEAP FUNDING

Posted on 16 February 2023 by Gambeta News

Angolan Finance minister, Vera Daves, said the country needs to go on two fronts to boost and develop its infrastructure projects through cheap funding. Vera Daves, who was speaking at the Angola/Spain Business forum in Luanda, listed the creation of efficient base infrastructures for the creation of a “good” investment environment and the attraction of direct private capital to invest in various projects, including agri-business, fishing, and industry as the path the country needs to…

KENHA SAYS OLD MOMBASA ROAD TO BE UPGRADE AFTER SECURING SH24.8BILLION FUNDS

Posted on 16 February 2023 by Gambeta News

The old Mombasa Road will be upgraded to Nairobi Expressway standards as part of the Sh24.8 billion project, which will also see the construction of new footbridges and pedestrian paths, according to a recent statement from the Kenya National Highways Authority (KeNHA). The work will begin soon once the road sections damaged during the construction of the Expressway have been repaired. This is according to KeNHA Director General Kungu Ndungu. The latter said that the 27-kilometer-long road’s…

AFDB ANNOUNCED APPROVAL TO STRENGTHEN MOROCCO WATER RESOURCES

Posted on 14 February 2023 by Gambeta News

The African Development Bank (AfDB) announced the approval of a €201,000 grant to help and support technical assistance for the design of dams, river development as well as inter-basin interconnection studies in Morocco. The grant from the bank’s Technical Assistance Fund for Middle-Income Countries was approved in December 2022, the bank said in a statement. The project seeks to benefit the “entire Moroccan population, ” the bank said, stressing that the first component covers the provision…

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