Development Archives - Page 53 of 55

AFDB PREPARE FINANCIAL PACKAGE FOR ZIMBABWE

Posted on June 17, 2019 by Gambeta News

AFDB to prepare financial package for Zimbabwe after impressive economic reform Africa development Bank has set up a plans to help Zimbabwe. The financial package comes as a result of the nation impressive political and economic reforms. Speaking during the 54th Meeting of Boards of Governors of the AfDB, Dr Kapil Kapoor confirmed the package. According to him the bank are happy with the reform after meeting with Minister Professor Mthuli Ncube. Dr Kapil Kapoor…

PRESIDENTIAL COMMITTEE TO HELP WITH APAPA TRAFFIC GRIDLOCK IN NIGERIA

Posted on June 13, 2019 by Gambeta News

Presidential committee to assist Ministry of Works in solving the Apapa traffic gridlock. In an effort to solve the Apapa traffic gridlock, Nigeria’s Presidential committee will assist the Ministry of works. The Apapa traffic gridlock has so far brought serious road traffic in the area. The Presidential committee will partner with the Ministry to commence the rehabilitation work on the inbound lane. This lane will be on both Tin-can and Apapa-oshodi express road this week….

GUYANA TO GET ASSISTANCE FROM GHANA FOR OIL EXPLORATION

Posted on June 13, 2019 by Gambeta News

Ghana to give free technical assistance to Guyana after oil discovery according to President Akufo-Addo Republic of Guyana is set to get help from Ghana following the discovery of considerable deposits of oil and gas. This help comes after a meeting between both nation leaders at Georgetown. Ghana President Akufo-Addo said “With our experiences, I believe Ghana is well-equipped to share with you the dos and don’ts in the area.” He also said they will…

BAMEMDA-BEBADJOU ROAD CONSTRUCTION TO MEET DEADLINE IN CAMEROON

Posted on June 13, 2019 by Gambeta News

Cameroon Minister of Public Works announce construction of Bamenda-Babadjou Road to be completed before deadline. The construction of Bamenda-Babadjou Road is set to meet its deadline. This was announced by the Minister of Public Works during a three-day evaluation meeting. The evaluation is to assess the level of execution of works on 78 road infrastructure projects across the country. During the evaluation, Minister of Public Works Emmanuel Nganou Djoumessi said ”The Bamenda-Babadjou road will be…

AFDB PLEDGE MORE SUPPORT TOWARDS INFRASTRUCTURE IN AFRICA

Posted on June 11, 2019June 11, 2019 by Gambeta News

AFDB plans support for regional integration among Africa countries with investment in infrastructure, industrialisation and trade. African Development Bank (AFDB) has announce plans to support African countries towards achieving deeper regional integration. This will be through investment in regional infrastructure development, industrialisation and trade. Speaking during the 54th AFDB Annual Meetings conference in Equatorial Guinean capital Malabo, AFDB President, Akinwumi Adesina made the commitment. AFBD President Akinwumi Adesina said “Massive investments in regional infrastructure and…

UGANDA TO SPEND US$205M ON RESTORATION OF OLD RAILWAY

Posted on June 11, 2019 by Gambeta News

Uganda plans to invest US$205 million to restore railway linking Kampala to Malaba. Uganda government is making plans to restore its old railways. The plans is to invest US$205 million (about Shs 768 billion) in the railway that will link Kampala to Malaba. The plan upgrade will help boost monthly freight capacity to 120,000 metric tonnes from the current 20,000 tonnes by 2026. This is following delays in securing funding for the standard gauge railway….

INTRO ENERGY TO LAUNCH US$100M PROJECT IN EGYPT

Posted on June 10, 2019 by Gambeta News

Intro Energy to launch electricity projects using net metering system in Egypt. Intro Energy is set to launch projects that will help produce electricity from renewable resources in Egypt. The project will be to implement a solar energy plant with a capacity of 20MW in Sharm El-Sheikh. This will also be with a net metering system. According to Managing Director of Intro Energy, Mohamed Mamdouh Abbas, the net metering system will include installing a digital…

ZIMBABWE GOVT. SIGN AGRICULTURE MECHANISATION EQUIPMENT DEAL

Posted on June 6, 2019 by Gambeta News

Zimbabwe government sign deal to supply agriculture mechanisation equipment worth US$100 million. Zimbabwe Government has sign a contract with Belarus and John Deerse Manufacturing company. The contract will be to supply agriculture mechanisation equipment worth US$100 million. This will help close Zimbabwe mechanisation gap which has fall short of about 543 000 agricultural implements. According to the deal, Belarus government will get US$52million while, John Deerse Manufacturing company will get the remaining fund. The aim…

AMERICAN VENTURE GROUP SIGNED DEAL WITH LIBERIA WATER CORPORATION

Posted on June 6, 2019 by Gambeta News

AVG sign deal with Liberia Water and Sewer Corporation to provide sufficient and affordable water Liberia Water and Sewer Corporation (LWSC) has signed an MoU with American Venture Group (AVG) to provide sufficient and affordable water. The deal will also enable 1.5 million Liberians to have sustainable supply of clean and safe drinking water. Speaking during the MoU signing, LWSC’s managing director, Duannah A. Kamara said this will provide sufficient supply of clean water to…

LIBERIA GOVT. PROVIDE LOAN TO BOOST RUBBER INDUSTRY

Posted on June 3, 2019 by Gambeta News

Liberia to boost rubber industry with US$1.725 million loan offer. Liberia Government has approve fund which will help boost rubber industry in the country. This fund is worth US$1.725 million and will pass through the Ministry of Finance and Development Planning (MFDP). The aim of the loan is to enhance the industry’s ability to intervene in the foreign exchange market. It will also support stability of the exchange rate and boost the country’s economy. President…

MOZAMBIQUE PRESIDENT CALLS FOR RECONSTRUCTION FUND

Posted on June 3, 2019 by Gambeta News

President Nyusi calls for speed in disbursing Reconstruction funds. Mozambique President Filipe Nyusi has ask funding agencies to disburse promised fund for reconstruction work. Speaking during the international post-cyclone pledging conference held in Beira, President Filipe stressed the urgency of putting the promised financing to work. According to the President Nyusi, ”It is crucial to simplify the methods of disbursing the funds. Because the value could be larger, but when the modalities of delivering it…

DANSOMAN ROAD PROJECT BEGINS IN GHANA

Posted on June 3, 2019June 3, 2019 by Gambeta News

Construction and repair of Dansoman road which will improve mobility kick-off in Ghana. The construction and repair of Dansoman road has kicked-off in Ghana. The 25 kilometer road will improve the mobility as well as reduce traffic on the area. During the SOD ceremony of the road, Minister of Communications Ursula Owusu-Ekuful, said the constructors to ensure quality work and timely completion. According to her, the construction and repair has been a necessity of the…

UGANDA TO BORROW €20M FOR KARAMOJA PROJECT SURVEY

Posted on May 28, 2019 by Gambeta News

Uganda to borrow €20m for karamoja survey projects. Uganda Government will borrow €20m from Corporate Internationalization fund of Spain for Karamoja project survey. This was make public by government spokesperson Ofwono Opondo. Cabinet member authorize the fund which will be use for the implementation of the Airborne Geophysical survey and Geological mapping. During the official announcement, Opondo says that with this mapping, government will be able to establish the various categories of minerals within Karamoja…

KENYA REQUEST US$750M FROM WORLD BANK FOR DEVELOPMENT

Posted on May 28, 2019 by Gambeta News

Kenya Government request US$750million from World Bank for infrastructural developments Kenya Government has ask for fund from the world bank for development of different infrastructure. The fund will be use to provide affordable housing, agriculture and other projects. The request is worth US$750million. The request is the first time in more than a decade that Kenya has ask for loan from the bank. According to the project document on the bank’s website, the loan will…

RWANDA, DR CONGO REVIEW CROSS-BORDER TRADE TAX

Posted on May 27, 2019 by Gambeta News

Rwanda and DR Congo review cross-border trade during a bilateral meeting in kigali. Rwanda and DR Congo are reviewing the cross-border trade tax. This is after both nations agree to come up with a list of products, business sizes that will benefit the tax-free cross-border trade. The bilateral meeting had both nation Ministers for Trade in attendance. Meanwhile, the deal which was originally signed in 2016 is still not functioning. The simplified trade regime (STR)…

ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

Posted on May 27, 2019 by Gambeta News

Ghana sign deal with Ethiopian Airline to establish a national airline in Accra. Ethiopian Airline has sign a deal with Ghana government to establish a national airline in Accra. The deal is a joint investment from the Ghanaian government, the private sector, and the Ethiopian airline. According to the deal, the ownership of the Airline will consist of three structures. This structures are Ghanaian government having 10%, private investors from West Africa having 415 while…

ZIMBABWE PRESIDENT TO UNVEIL US$10M TIE AND BRICK PLANT

Posted on May 27, 2019 by Gambeta News

President Emmerson Mnangagwa to unveil SZCC’s tie and brick manufacturing plant. President Emmerson Mnangagwa will today officially commission the brink and tile manufacturing plant at Sino Zimbabwe Cement Company. The official unveiling of the plant will enable additional competition to the industry. During the announcement by Midlands Provincial Affairs Minister Senator Larry Mavima, the plant will also provide additional bricks and competition, which in turn will have an effect on pricing. The aim of the…

LUTHULI AVENUE TO BE REVAMP AS ONE-WAY ROUTE IN KENYA

Posted on May 23, 2019 by Gambeta News

Luthuli Avenue set for revamp as part of Nairobi county decongestion plans. Kenya Government is set to implement their decongestion plans. According to Nairobi county, it will enable vehicle has easy access to leave the town. This will be made possible with the revamping of Luthuli avenue into a one-way route on central business district (CBD). The aim of the revamp will help vehicle leave the town centre through River Road. Meanwhile, the project is…

RWANDA ANNOUNCE MASTER PLANS FOR NEW KIGALI CITY

Posted on May 23, 2019 by Gambeta News

Master plan for New Kigali city to be unveiled in August Plans are set in motion for the unveiling of a new Kigali city. The project is expected to lay out the city’s development roadmap for the next 30 years. The plan which is part of Rwanda 2050 vision was presented to stakeholders at the City of Kigali. During the ceremony, Fred Mugisha said people were given adequate time to provide their inputs in the…

QUANTEL TO PUMP 50MW FOR MALAWI ELECTRICITY GRID

Posted on May 22, 2019 by Gambeta News

Quantel announced plans to pump 50mw under the Bwengu Solar Park Project for Malawi electricity grid Quantel Renewable Energy is making plans to pump 50mw into Malawi electricity grid. This project was announced during the signing of 14 power purchase agreement (PPA) deal that involves different energy company. Quantel CEO Marvis Fields said ”The Bwengu Solar Park Project will has the capacity to generate 50 mw. It may also go up to 65 mwp/year translating…

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