EGYPT GOVT. ALLOCATE EGP 6bn TO UPGRADE NATIONAL GAS GRID

EGYPT GOVT. ALLOCATE EGP 6bn TO UPGRADE NATIONAL GAS GRID

Petroleum Minister Tareq el Molla has unveiled a number of projects meant to upgrade the efficiency of the national gas grid as production from the Eastern Mediterranean fields continues to take an upturn. In a statement on Monday, Molla said the government has put the value of investments in the new ventures at more than six billion pounds. He cited a project to duplicate the Capital-Dahshour pipeline to extend over 67 kilometers. Another pipeline duplication…

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SA GOVT. ANNOUNCE SIX MEGA SOCIAL HOUSING PROJECTS

SA GOVT. ANNOUNCE SIX MEGA SOCIAL HOUSING PROJECTS

After South Africa President Cyril Ramaphosa announced the plans for many infrastructural projects, the Human Settlements, Water and Sanitation Minister, Mmamoloko Kubayi-Ngubane, has announced the construction of six mega social housing projects in the coming two years. According to Kubayi-Ngubane the project will have Five Social Housing Institutions and one other development agency which will be funded through equity and debt financing to develop these projects. The project includes; Fochville Extension 11 in the West…

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GHANA’S YEAR OF ROADS: WILL THIS BE ANOTHER FAILED PROMISE?

GHANA’S YEAR OF ROADS: WILL THIS BE ANOTHER FAILED PROMISE?

The constant failed promises by African leaders is gradually becoming alarming. As African, we have witness so many promise made by leaders but still end up with nothing to put on display as achievement recorded. This can be witness in Ghana as President Akufo-Addo announced his intention to embark on a massive road construction project in 2020 dubbed “The Year of Roads.” Fast forward months later and the nation is still having various road network…

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RWANDA GOVT. TO RESTORE KANYONYOMBA BRIDGE

RWANDA GOVT. TO RESTORE KANYONYOMBA BRIDGE

Rwanda Governmemt is discussing plans to restore kanyonyomba Bridge which was ruptured last week following heavy rains that left the river flooded. The bridge has for more than a week paralyzed movement between the two Eastern Province districts. Rwanda Transport Development Agency (RTDA) officials after visiting the site said Bugesera District officials and the Engineering Brigade of Rwanda Defence Force which specializes in bridge construction, the parties agreed on the Thursday meeting during which they…

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RESIDENTS BUILD ROAD AFTER LACK OF GOVERNMENT INTERVENTION IN LIBERIA

RESIDENTS BUILD ROAD AFTER LACK OF GOVERNMENT INTERVENTION IN LIBERIA

In Zota District, Bong County, Residents of Sergeant Kollieta town has result to using their hands to build a road after government failures. The people has been begging various political representatives in Bong County to assist with the road but it has fall on deaf ears. This made them to kick start the road construction after getting feed-up with lack of government interest. According to Community Member Abenego Kollie, “We have been trying to reach…

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EDUCATION INFRASTRUCTURE: WHY IT MATTERS

EDUCATION INFRASTRUCTURE: WHY IT MATTERS

Education as we know is the focal point for development during every individual life. It is one fundamental aspect that should never be ignored by government of EVERY nation. SO WHAT IS EDUCATION INFRASTRUCTURE? Education infrastructure are crucial elements of learning environments in schools and university. High-quality infrastructure enable a better learning facility which improves student outcomes, and reduces dropout rates, among other benefit. With this in mind, it is important that investment on education…

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MALAWI GOVERNMENT ANNOUNCED PLANS TO CONSTRUCT 40 SCHOOLS

MALAWI GOVERNMENT ANNOUNCED PLANS TO CONSTRUCT 40 SCHOOLS

Construction of 40 secondary schools to begin in April after securing fund from USAID. Plans have been announced by Malawi Government to construct 40 secondary schools across the nation. The project is a joint venture with United States Agency for International Development (USAID). It will help increase the level of education in the area as well as provide more learning facilities for future generations. Speaking during the announcement, Immediate past Minister of Education, William Susuwere…

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NIGERIAN GOVT SIGNS ELECTRICITY DEAL WITH SIEMENS

NIGERIAN GOVT SIGNS ELECTRICITY DEAL WITH SIEMENS

Will this new deal help solve the nation’s problem or is this another project that will look amazing but end up being a waste of time? Electricity is an unavoidable prerequisite to any nation’s development. These is due to its role in the socio-economic and technological development of every nation. In Nigeria, electricity demand is far outstripping the supply which has become epileptic in nature. The deal currently  in place with Siemens aims at strengthening…

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LIBERIA PRESIDENT DEDICATES NEW HEALTH FACILITY

LIBERIA PRESIDENT DEDICATES NEW HEALTH FACILITY

President weah commission new health facility at JFKMC, but is there funds and plans available for local healthcare centres around the country? Health care is vital for every nation as it enable people that are injured or sick have the required treatment. This has made Liberia government to provide more facilities for its nation. During the unveiling of the new facilities at the John F. Kennedy Medical Center (JFKMC) in Monrovia, President Weah promise to…

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SIERRA LEONE TO CONSTRUCT BRIDGE FOR FREETOWN INTERNATIONAL AIRPORT

SIERRA LEONE TO CONSTRUCT BRIDGE FOR FREETOWN INTERNATIONAL AIRPORT

President Julius Maada Bio announce tender plans for bridge construction that will link Freetown International Airport Plans has been announced by Sierra leone Government to construct a bridge that will link the nation international airport. The project which is currently at its tender stage will help citizens when boarding any Flight. Sierra leone has been using boat or helicopter to access the Freetown International Airport at Lungi. Meanwhile, the new 7 km Lungi bridge will…

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NIGERIA GOVT. ANNOUNCE PROGRESS OF LAGOS-IBADAN EXPRESSWAY

NIGERIA GOVT. ANNOUNCE PROGRESS OF LAGOS-IBADAN EXPRESSWAY

Lagos-Ibadan Expressway now 40% complete after inspection by Federal controller of works. Reconstruction of lagos-Ibadan expressway is at 40% according to Nigeria Government. Adedamola Kuti, who is a federal controller of works notify the public about the project. According to Kuti, the road project is on track to meet its deadline date. He also ask for motorists to be patient and maintain high level of discipline on the road. He describes the section of road…

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GHANA GOVERNMENT TO RELEASE FUND FOR OUTSTANDING ROAD DEBT

GHANA GOVERNMENT TO RELEASE FUND FOR OUTSTANDING ROAD DEBT

Outstanding Road debt set to be paid after fund collaboration between Ministry of Roads and Highways and Ghana Cocoa Board. Plans are in motion from Ghana Government to release US$1billion to pay debt for road construction. This was announced by the Minister of Roads and Highways, Kwasi Amoako-Attah during a three-day strategic management workshop. During the event ‘Ghana Beyond Aid: Strategies for sustainable investment and road asset preservation’, the minister said funding for road project…

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LIBERIA SENATES APPROVES US$10M RUBBER FINANCING DEAL

LIBERIA SENATES APPROVES US$10M RUBBER FINANCING DEAL

Liberia sign Rubber financing deal worth US$10 million for 20 years with NRI. Rubber production is an important sector for Liberians. The sector provides majority of the nation export revenues which made the Liberian senate house to approve the rubber financing deal. The deal which is worth US$10 million will see both the government and Nimba Rubber Incorporated (NRI) work to grow the sector. The agreement also specifies that the government is a gaurantor while…

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GHANA GOVT. APPROVES FUND FOR REDEVELOPMENT OF RAILWAY PROJECTS

GHANA GOVT. APPROVES FUND FOR REDEVELOPMENT OF RAILWAY PROJECTS

Ghana Government to purchase 30 rolling stones with approved funds Ghana Government has approved funds worth US$230million for several railway redevelopment projects. This fund will be use to purchase 30 rolling stones for the rails. The stone will be mounted on the new rail line which is currently under construction. It will also include a locomotives, carriages, railroad cars as well as wagons to ensure smooth operationalisation. Minister of Railways Development, Mr Joe Ghartey said…

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TANZANIAN TEAM UP WITH UGANDAN IN OIL EXPLORATION

TANZANIAN TEAM UP WITH UGANDAN IN OIL EXPLORATION

Tanzanian And Ugandan Collaborate in Oil Exploration Tanzanian Energy Minister, Dr Medard Kalemani said Tanzania have teamed up with Ugandan to conduct oil exploration at various areas in Tanzania. The Minister said this at a recent workshop for the parliamentary committee on energy and minerals members. He also said that the ministry have set up a joint team to carry out the oil explorations. This joint team will enable experts from Tanzania borrow experience from their…

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AFRICA’S FINANCE MINISTERS MEET IN WASHINGTON DC

AFRICA’S FINANCE MINISTERS MEET IN WASHINGTON DC

G-24 Finance Ministers and Central Bank Governors’ are currently Meeting in Washington DC. These leaders will be attending the World Bank/International Monetary Fund Spring Meetings. Most importantly, they will be deliberating on how to ensure economic growth benefits the many and not the few. Most African countries suffer from poor economic policies that fosters inequality, leading to inefficiency and stunted growth. These and many other challenges are the reason for the meetings, hence, we encourage…

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NIGERIA GOVT BUILT BIGGEST SOLAR PLANT IN AFRICA

NIGERIA GOVT BUILT BIGGEST SOLAR PLANT IN AFRICA

The Biggest Solar Plant in Africa The Borno State Government which is in the Northern part of Nigeria, has unveiled Africa’s biggest Automated Solar plant. This solar plant has beat South Africa and Egyptian solar plants to becoming the biggest in Africa. The Automated Solar Panel manufacturing Plant will aim at setting the stage for the industrialization of Borno State. Jimtilo Village where solar plant is located is said to be  fully automated and has…

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EGYPT GOVERNMENT PLANS TO BORROW EGP 478.5BN TO FILL BUDGET DEFICIT

EGYPT GOVERNMENT PLANS TO BORROW EGP 478.5BN TO FILL BUDGET DEFICIT

Egypt Government making plans to borrow fund to fill budget deficit. Egypt Government is planning to borrow EGP 478.5bn from the local market to fill their budget deficit. This fund will be use in the second quarter as the Finance Ministry plans to launch Treasury bill (T-Bill) and bond (T-Bonds). According to the plans, the Finance Ministry reveals that the government will issues T-Bills worth EGP 456.75bn and T-bonds for EGP 21.75bn. Meanwhile, Central Bank of Egypt…

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SOUTH AFRICA NATIONAL ASSEMBLY APPROVES DIVISION OF REVENUE BILL

SOUTH AFRICA NATIONAL ASSEMBLY APPROVES DIVISION OF REVENUE BILL

National Assembly approve Division of revenue bill that will determining each province’s equitable share. In the quest to have a stability, South Africa’s National Assembly has approve the division of revenue bill. The Division of Revenue bill will provide for equitable division of funds raised nationally. It will also be for the national, provincial and local spheres of government for a particular financial year. The Division of Revenue bill will provides for determining each province’s equitable share of the…

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