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

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

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…

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

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

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…

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HOW MOROCCO REAL ESTATE MARKET IS SLOWING DOWN DUE TO LACK OF DEMAND

HOW MOROCCO REAL ESTATE MARKET IS SLOWING DOWN DUE TO LACK OF DEMAND

Morocco’s real estate market is slowing down amid the ongoing financial shocks and plummeting demand.  At the end of the fourth quarter of 2022, Morocco’s real estate index dropped by 0.7% compared to the previous quarter, according to a new report from Morocco’s central bank, Bank Al-Maghrib (BAM).  The country’s real estate market has been taking a downward trajectory since 2017.  The drop in the real estate index is primarily the cause of a 1.3% price decrease…

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CONSTRUCTION OF ZIPLINE TO BOOST TOURISM IN RWANDA’s NYUNGWE NATIONAL PARK

CONSTRUCTION OF ZIPLINE TO BOOST TOURISM IN RWANDA’s NYUNGWE NATIONAL PARK

Protais Niyigaba, the park manager, said that a zipline will be available in Nyungwe National Park next year. Zipline is expected to attract tourists and boost revenues generated by Nyungwe national park. Last year in December alone, he said, the park was visited by 2,628 tourists. The park recorded 21, 564 visitors in 2022 , an increase from 4,810 visitors in 2008. “We target to be self-financed at 80 per cent in the next 10…

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

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

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…

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GOOD RESULT RECORDED AT NIGERIA’s APAPA PORT ACCORDING TO CALL UP SYSTEM

GOOD RESULT RECORDED AT NIGERIA’s APAPA PORT ACCORDING TO CALL UP SYSTEM

The Electronic truck traffic management platform, otherwise known as Call up System, may have recorded good results in reducing congestion at the Apapa ports corridor. The managers of the system also said it has decreased the cost of moving cargoes at the port by 65 percent. The Managing Director of Trucks Transit Parks Limited, TTP, promoters of the  platform, Mr. Jama Onwubuariri, also told newsmen that businesses that were abandoned are beginning to return. He…

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ETHIOPIAN AIRLINES SIGNED MoU WITH IGAD FOR HOSPITALITY

ETHIOPIAN AIRLINES SIGNED MoU WITH IGAD FOR HOSPITALITY

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…

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

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

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…

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HOW CONSTRUCTION OF OXYGEN PIPELINE WILL BRIDGE OXYGEN GAP IN GHANA

HOW CONSTRUCTION OF OXYGEN PIPELINE WILL BRIDGE OXYGEN GAP IN GHANA

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…

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BUDGET DEFICIT DERAIL DRAINAGE REHABILITATION IN RWANDA

BUDGET DEFICIT DERAIL DRAINAGE REHABILITATION IN RWANDA

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…

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

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

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…

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

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

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…

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CONSTRUCTION OF MODERN WAREHOUSE PLANS IN MOTION IN TANZANIA

CONSTRUCTION OF MODERN WAREHOUSE PLANS IN MOTION IN TANZANIA

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…

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EXPERTS SAYS LACK OF LAND PLANNING CAUSED FLOOD IN MOZAMBIQUE

EXPERTS SAYS LACK OF LAND PLANNING CAUSED FLOOD IN MOZAMBIQUE

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…

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ANGOLA GOVT. SEEK TO BOOST INFRASTRUCTURAL PROJECT THROUGH CHEAP FUNDING

ANGOLA GOVT. SEEK TO BOOST INFRASTRUCTURAL PROJECT THROUGH CHEAP FUNDING

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…

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

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

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…

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CONSTRUCTION OF MAJOR ROADS KICK-OFF IN UGANDA

CONSTRUCTION OF MAJOR ROADS KICK-OFF IN UGANDA

Construction and maintenance work on most city roads undertaken by KCCA has kicked off. KCCA Executive Director Dorothy Kisaka urged the public to stop criticizing the works insisting they are still on course with the construction and rehabilitation of roads. The forward maintenance worked have started with Sir Apollo Kaggwa Road, 5th Street, Gabba road Junction and queen’s way, where KCCA road department officials were seen patching up potholes. Speaking to the press during the…

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AFDB ANNOUNCED APPROVAL TO STRENGTHEN MOROCCO WATER RESOURCES

AFDB ANNOUNCED APPROVAL TO STRENGTHEN MOROCCO WATER RESOURCES

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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PRESIDENT SISI INAUGURATE EGYPT PETROLEUM SHOW

PRESIDENT SISI INAUGURATE EGYPT PETROLEUM SHOW

President Abdel Fattah Al-Sisi inaugurated the sixth session of the Egypt Petroleum Show (EGYPS). The opening ceremony was attended by Prime Minister Mostafa Madbouly, Minister of Petroleum and Mineral Resources Tarek El-Molla, and several ministers and senior officials. Major CEOs of the energy, oil, and gas sector participated in EGYPS, in addition to a group of energy ministers, government representatives, high-ranking officials of the European Union, secretaries of major international energy organizations, business leaders, and…

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RWANDA GOVT. MAKING PLANS TO CONSTRUCT FIVE INTERNATIONAL STADIUM

RWANDA GOVT. MAKING PLANS TO CONSTRUCT FIVE INTERNATIONAL STADIUM

The government is targeting to have five international football stadiums in the next five years, according to the Ministry of Sports. The new stadiums are expected to be either built or revamped in places including Muhanga District, Kigali, and Nyanza. Speaking during the sports breakfast last week, Zephanie Niyonkuru, the Permanent Secretary at MINISPORTS, revealed that Rwanda will do everything possible to achieve the targeted infrastructure projects in the next five years. The facilities include…

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