INFRASTRUCTURE

KENYA REQUEST US$750M FROM WORLD BANK FOR DEVELOPMENT

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KENYA REQUEST US$750M FROM WORLD BANK FOR DEVELOPMENT

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…

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RWANDA, DR CONGO REVIEW CROSS-BORDER TRADE TAX

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RWANDA, DR CONGO REVIEW CROSS-BORDER TRADE TAX

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)…

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ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

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ETHIOPIAN AIRLINE SIGN DEAL WITH GHANA GOVERNMENT

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…

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

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

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…

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NIGERIA GOVT. REQUEST FRESH LOAN FROM CHINA EXIM BANK

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NIGERIA GOVT. REQUEST FRESH LOAN FROM CHINA EXIM BANK

Chibuike Rotimi Amaechi say nigeria to request fresh loan form china exim bank Nigeria has requested a loan from China Exim Bank for the construction of a coastal line. The fund which is worth US$ 1.8billion will help the completion of the project according to Minister of Transportation. The actual cost of the project is US$ 2billion while Nigeria is to pay US$ 500 million as counterpart fund. According to Minister Chibuike Rotimi Amaechi, the…

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

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

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…

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QUANTEL TO PUMP 50MW FOR MALAWI ELECTRICITY GRID

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QUANTEL TO PUMP 50MW FOR MALAWI ELECTRICITY GRID

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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GHANA PRESIDENT INSPECTS WORKS ON ODAW RIVER DREDGING

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GHANA PRESIDENT INSPECTS WORKS ON ODAW RIVER DREDGING

Dredging work inspection been carried-out by Ghana President Nana Addo Dankwa Akufo-Addo Ghana President Nana Addo Dankwa Akufo-Addo was on site to inspect dredging work at odaw river. The project which kick-off in 2016 was aim at allowing the free flow of stormwater. This is after it has claimed so many a life in the catchment areas. During the inspection, Dredge Masters experts showed the President pictorial designs of the overhauling process for the Odaw…

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PRESIDENT SISI PLAN EXPANSION OF ENERGY SECTOR

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PRESIDENT SISI PLAN EXPANSION OF ENERGY SECTOR

President Sisi Plans for Energy sector expansion after meeting with Noble Energy CEO Egypt President Abdel Fattah el-Sisi has meet with delegates from Noble Energy for the expansion of the Energy sector. The meeting had in attendance Noble Energy CEO and Minister of petroleum. During the meet, President Fattah el-Sisi said ”He will ensure the full cooperation with Noble Energy. This will help strengthen research, discovery and production of natural gas effort in Egypt.” Al…

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RWANDA GOVT. UNVEIL RECAPITALISATION PLANS FOR BRD

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RWANDA GOVT. UNVEIL RECAPITALISATION PLANS FOR BRD

Rwanda Govt. to recapitalize the institution over a three year period worth Rwf 23 billion. Rwanda Government has unveiled a massive plans for the recapitalisation of Development Bank of Rwanda (BRD). The aim is to increase lender’s ability to fund the country’s ambitious development programme. This will help sustain financing key sectors, such as agriculture, manufacturing, housing, and exports, among others. The plan will be to recapitalize the institution over a three year period. This…

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MONROVIA CITY CORPORATION DEDICATES HANDPUMP IN LIBERIA

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MONROVIA CITY CORPORATION DEDICATES HANDPUMP IN LIBERIA

MCC dedicates 14 hand pumps with help from World Bank and the European Union (EU) in Liberia Monrovia City Corporation (MCC) has dedicates 14 handpumps to resident of Chessemanburg Township, Bomi County in Liberia. The project is part of MCC’s corporate social responsibilities with the help from World Bank and the European Union (EU). During the ceremony, Mayor of Monrovia City Jefferson T. Koijee said ”The safety and health conditions of the residents here remain…

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CONSTRUCTION OF HIGH VOLTAGE POWER LINE ON TRACK IN UGANDA

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CONSTRUCTION OF HIGH VOLTAGE POWER LINE ON TRACK IN UGANDA

High voltage power line under construction in Uganda Uganda Government is constructing a high voltage power line in Karuma. The 60 kilometres High Voltage Power Line will connect Karuma Power Station to Olwiyo, Nwoya District. It will have an onward transmission to other area in the nation. Such areas include; Pakwach, Nebbi, Paidha, Arua, Koboko, Yumbe and Moyo. High voltage power lines are under construction to evacuate power from Karuma.The 60 kilometres High Voltage Power…

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NIGERIA GOVT. ANNOUNCE PROGRESS OF LAGOS-IBADAN EXPRESSWAY

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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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MALAWI PRESIDENT ATTENDS NSANJE-MARKA ROAD CEREMONY

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MALAWI PRESIDENT ATTENDS NSANJE-MARKA ROAD CEREMONY

President Mutharika at Nsanje-Marka road groundbreaking ceremony. President Professor Arthur Peter Mutharika was at the groundbreaking ceremony of Nsanje-Marka road. The project will help communities in both area have good road access. Speaking during the ceremony, President Mutharika said he will fulfill former President Bingu Wa Mutharika’s vision. This will be through completion of the inland port. According to the President, the DPP government has started developing the Lower Shire by constructing roads like the…

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ZIMBABWE PRESIDENT EXPECTED FACELIFT IN HARARE

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ZIMBABWE PRESIDENT EXPECTED FACELIFT IN HARARE

President Mnangagwa calls for a new facelift on building in Harare. President Emmerson Mnangagwa has urge harare council to inform owner of building to refurbish it. According to President Mnangagwa it will help restore the city’s sunshine status. The president also suggest that Clr Gomba comes up with by-laws that will compel property owners to keep their buildings in order. This should be through constant refurbishing and painting. President Mnangagwa said “Your Worship, Cde Mayor,…

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GRCL AWAITS APPROVAL FOR ACCRA-NSAWAM RAILWAY LINE

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GRCL AWAITS APPROVAL FOR ACCRA-NSAWAM RAILWAY LINE

Ghana Railway Company Limited (GRCL) has completed the rehabilitation of five coaches and a narrow-gauge line from Accra to Nsawam. Ghana Railway Company Limited (GRCL) has completed the rehabilitation of five coaches and a narrow-gauge line from Accra to Nsawam. GRCL now waits approval from Ghana Railway Development Authority (GRDA) who regulates the railway sector in Ghana. This approval is needed before any commercial operation will kick-off. Managing Director of the GRCL, Mr John Essel…

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RWANDA PLANS TO INVEST US$440M FOR WATER SUPPLY PROJECT

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RWANDA PLANS TO INVEST US$440M FOR WATER SUPPLY PROJECT

Rwanda to build eight water treatment plants before 2022 with US$440m investment. Plans are underway by the Rwanda Government to invest US$440 million over the next three years. This investment will be for the construction of a water treatment plant and supply systems in urban and rural areas. The aim of the project is to accelerate efforts to ensure that all Rwandan have access to clean water by 2024. This statement was made by the…

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VANDALISATION OF ELECTRICAL EQUIPMENT AFFECTING KENYA POWER

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VANDALISATION OF ELECTRICAL EQUIPMENT AFFECTING KENYA POWER

Kenya Power spends Sh5.5 billion on installation of electricity due to vandalism. Kenya Power has announced that the constant vandalism of electrical materials is affecting them. This has result in the distribution company spending Sh5.5 billion in installation of street lights in Nairobi alone. The distribution company has make sure that all areas within the city have light but the vandalism are reversing the gains. This has result to the stealing of transformers, street lamps…

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GHANA GOVERNMENT TO RELEASE FUND FOR OUTSTANDING ROAD DEBT

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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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RWANDA GOVT. SIGN DEAL FOR JOB CREATION WITH CHINESE FIRM

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RWANDA GOVT. SIGN DEAL FOR JOB CREATION WITH CHINESE FIRM

Pink Mango C&D agree deal with Rwanda Govt. to produce garments for both domestic and export markets. Job creation is vital for the growth of any nation economy. This is why Rwanda has sign a deal with chinese firm Pink Mango C&D to establish a modern garment factory. The factory will aim to produce garments for both the domestic and export markets. It will also provide 7500 jobs for the nation by the fifth year…

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