INFRASTRUCTURE Archives - Page 87 of 88

KENYA SEEKS ANOTHER LOAN FROM CHINA FOR RAILWAY PROJECT

Posted on March 20, 2019 by Gambeta News

Kenya seeks for another funds to complete stage three of the standard gauge railway. Kenya is seeking for fund from China to complete the third phase of the standard gauge railway. The negotiating is a loan worth Sh 370 billion that will ensure passengers, goods and equipment are secure during their journey from Mombasa to Malaba in Busia County. Kenya Railways Acting Director Philip Mahinga said “We all know that the first phase of SGR from Mombasa to Nairobi cost Sh…

GERMANY ISSUES GRANTS TO GHANA’s TERTIARY EDUCATION

Posted on March 15, 2019 by Gambeta News

Germany issues grants worth 200,000 Euros to two tertiary institution in Ghana. Ministry of Culture and Science of the North-Rhine Westphalia State in Germany has issues grant worth 200,000 Euros to Ghana. This will be use to enhance technical education in the country for two universities. The grants will be for Koforidua Technical University (KTU) and the Ho Technical University. It will aim to boost their capacity and make them embark on a five-year projects to improve the quality and relevance of courses they offered….

REHABILITATION OF BEITBRIDGE-HARARE ROAD ON TRACK IN ZIMBABWE

Posted on March 14, 2019 by Gambeta News

Beitbridge-Harare Road rehabilitation on track in Zimbabwe Rehabilitation process is on track for the Beitbridge-Harare Road in Zimbabwe. The project will help connect resident in Harare to different part of the nation. Meanwhile, It will be under the Central Mechanical Equipment Department (CMED). The rehabilitation which is worth US$700 000 have a deadline of three-and-a-half years for completion. According to the Minister of Transport and Infrastructural Development Joel Biggie Matiza the project will be monitor all the time. Joel Biggie…

EGYPT PRESIDENT APPOINTS ARMY GENERAL AS NEW MINISTER OF TRANSPORTATION

Posted on March 11, 2019 by Gambeta News

President Al-Sisi appoints military general as new Minister of Transportation after deadly Cairo Railway Station accident. Egypt President Abdel Fattah Al-Sisi has appointed Major General Kamel Al-Wazir as Minister of Transportation. This is after the deadly Cairo Railway Station accident that claimed 22 lives with 40 injured people. The appointment also see the promotion of Kamel Al-Wazir from Major General to Lieutenant General. The aim is to make the armed forces as well as other state institutions to cooperate in order to develop…

FRANCE TO SUPPORT ACCESS TO WATER AND SANITATION IN UGANDA

Posted on March 6, 2019 by Gambeta News

French Development Agency (AFD) supports access to water and sanitation in Uganda with €270 million The Ugandan government and the French government via French Development Agency (AFD); have signed a loan deal to help support access to water and sanitation in Uganda. The loan deal comprises of two separate financing agreements for two projects amounting to 270 million euros (1.2 trillion Shillings). The first agreement of 150 million euros; will be for providing supply networks and also increasing the volume…

IFA SECURE FUNDS FOR INFRASTRUCTURE DEVELOPMENT IN AFRICA

Posted on March 5, 2019March 5, 2019 by Gambeta News

IFA gets fund for infrastructure development in six African nations Investment fund Africa IFA has secure US$6 billion for infrastructure development in Africa. This IFA fund is the first phase of its drive towards infrastructure development in Africa. The deal was announced during an interview with investment fund’s chairperson and chief executive Neil de Beer. According to Neil, the lack of modernization, infrastructure and the backlog in Africa inspired the project-focused business. He also said that the…

THE TOP 5 LONGEST BRIDGES IN AFRICA

Posted on February 15, 2019July 17, 2020 by Gambeta News

In this article, we would be discuss the longest bridges in Africa. We would take a look at the top 5 longest bridges in the continent. But first what are bridges? Bridges are structures built to span over physical obstacles without closing the way underneath it. It is one of the infrastructure that brings out both fascinating and appealing imaginations. It also signifies the culture of a particular location as the designing of a bridge takes…

RWANDA SIGNS US$400m METHANE GAS PRODUCTION DEAL

Posted on February 6, 2019February 8, 2019 by Gambeta News

Rwanda signs deal to extract methane gas from Lake Kivu The Rwanda government have signed a US$400 million deal with Gasmeth Energy Ltd to extract, process, compress and also bottle methane gas from Lake Kivu. The signing of the seven years deal took place on Friday 1st February 2019 but was announced yesterday (5 February 2019). At the signing ceremony, representing Rwandan government was; the Rwanda Mines, Petroleum and Gas Board (RMB) and the Rwanda Development…

BEST COUNTRIES TO INVEST IN AFRICA 2019

Posted on January 31, 2019February 1, 2019 by Gambeta News

RMB gives report on best countries to invest in Africa for 2019 Many investors are in search of the best countries to invest in Africa; as Africa is fast rising to become a very fertile investment destination. The continent is in dire need of roads, rails, ports, airports, power grids and IT systems. All of these do not only form the infrastructure needed to help grow the African economies; but they also serve as investment…

RWANDA CALLS FOR DEEP AFRICAN PARTNERSHIP TO BOOST CONTINENT’S ECONOMY

Posted on November 22, 2018 by Gambeta News

Rwanda calls for African partnership to help boost African economy. Rwanda, the landlocked East African country recently held a Trade Facilitation and Manufacturing forum in Kigali. At the forum, Rwandan top officials stressed on the need for deeper African partnership especially between its fellow East African neighbours. The Forum served as the 22nd Meeting of the Intergovernmental Committee of Experts of the Sub-regional Office for Eastern Africa; (ICE 2018). Industrialization is the key to Africa’s economic development. It…

NIGERIA RECEIVES €31m FROM GERMANY’S KfW DEVELOPMENT BANK

Posted on November 5, 2018 by Gambeta News

KfW development Bank supports Nigeria’s Infrastructure development with €31 million investment. To help boost infrastructure development in Nigeria; the largest investment bank in Europe, KfW Development Bank have invested €31 million. Receiving the €31 million investment is Infrastructure Credit Guarantee Company Ltd (InfraCredit). InfraCredit is a specialised infrastructure credit enhancement facility by the Nigeria Sovereign Investment Authority (NSIA). NSIA purpose for establishing InfraCredit is to in fact effectively help enhance infrastructure investments in Nigeria. The 10-year…

BASIC FACTORS AFFECTING INFRASTRUCTURE IN AFRICA

Posted on November 1, 2018November 1, 2018 by Gambeta News

Infrastructure is vital for any economy to grow. It is also essential that for any developing countries to grow, then Infrastructure must be at the forefront. We all know that Africa has a huge potential but lack or inadequate infrastructure is affecting it. This inadequate infrastructure remains a major obstacle towards Africa achieving its full economic growth potential. The continent is on the rise when it comes to economy but meeting this deficit is key. In…

AFRICA FINANCE CORPORATION SECURES US$300m FROM EXPORT-IMPORT BANK OF CHINA

Posted on October 12, 2018October 12, 2018 by Gambeta News

AFC acquires US$300m loan facility from CEXIM Leading infrastructure development finance institution in Africa, Africa Finance Corporation (AFC) successfully acquired a US$300 million loan from Export-Import Bank of China (CEXIM). Making up the loan is a US$200 million 5-year loan and also a US$100 million 5-year stand-by facility. The loan facility is for general corporate purposes. The CEXIM loan facility is AFC’s first financing facility from the Chinese government. The Africa Finance Corporation is currently focusing…

CHINESE CONTRACTOR AWARDED US$398 million PROJECT IN KENYA

Posted on September 21, 2018September 21, 2018 by Gambeta News

China’s CCCC to construct a US$398 million oil port in Mombasa, Kenya The Kenyan Ports Authority has confirmed the award of a US$398million oil facility in Mombasa. The contract award recipient is China Communications Construction Company (CCCC). This US$398 million oil port facility will certainly boost the nation’s oil handling capacity by 500%. According to Mr. Daniel Manduku (Acting Head of Kenya Ports Authority), the construction of the facility will be within 18 months. This project…

HIGHLIGHTS OF FIDIC 2018 INTERNATIONAL INFRASTRUCTURE CONFERENCE – BERLIN

Posted on September 14, 2018September 14, 2018 by Gambeta News

Highlights of the just concluded FIDIC Conference in Berlin (9th -11th September 2018). FIDIC have just concluded this year’s 2018 conference in Berlin, Germany. FIDIC in conjunction with VBI (German Association of Consulting Engineers) organised the conference with its focus on Mobility and Smart Infrastructure. Still wondering who and what FIDIC is? Well FIDIC is the acronym for Fédération Internationale Des Ingénieurs-Conseils also meaning International Federation of Consulting Engineers. FIDIC is an organisation of Engineers…

NIGERIA SIGN MoU WITH JAPAN ON INFRASTRUCTURE INVESTMENT

Posted on September 14, 2018 by Gambeta News

Nigeria and Japan sign MoU on Infrastructure Investment. For the promotion of quality infrastructure investment between Nigeria and Japan, both countries have signed a memorandum of understanding (MoU). Representing both countries for the MoU signing in Abuja was Nigeria’s minister of transportation Rotimi Amaechi and Japan’s State Minister of Land, Infrastructure, Transport and Tourism, Tsukasa Akimoto. Nigeria as a developing country have a huge problem of infrastructural deficit. Japan have identified this problem and is…

APAPA ROAD RECONSTRUCTION DEADLINE SET FOR JULY 2018

Posted on July 5, 2018 by Gambeta News

Reconstruction deadline for Apapa road project, Lagos, Nigeria set to July 2018 The deadline for the reconstruction of the US$12m Apapa road project in Lagos state, Nigeria is now July 2018. There have been delays on the project due to logistical constraints and also heavy presence of underground utilities. This information is from the the Director of Project, AG Dangote Construction Company Limited; Mr. Olatunbosun Kalejaiye. He said the government have bring into service more pavers…

NEW TECHNOLOGY FOR ROAD CONSTRUCTION TO BE INTRODUCED IN NIGERIA

Posted on July 4, 2018 by Gambeta News

Julius Berger to introduce new technology for road construction in Nigeria. Julius Berger Nigeria (JBN) plans to introduce a new technology for road construction in Nigeria. The new technology will ground and treat the old asphalt. It will also use it to increase the thickness and height of the asphalt for enduring roads. Julius Berger Nigeria Plc (JBN Plc) is a leading construction company that offers integrated solutions and related services. JBN specializes in executing…

LOW INCOME HOUSING SET TO COMMENCE IN ZERO2ONE SKYSCRAPER

Posted on May 28, 2018 by Gambeta News

Zero2One skyscraper set to implement low income housing. The tallest building in cape town is set to reduce its housing price to benefit the public. Zero2One skyscraper will set aside part of its households with income less than R15,000 per month. It was approve by Municipal Planning Tribunal in December 2017. Activist organisation Ndifuna Ukwazi said “The developers, FWJK, submitted an application last year to build the tallest skyscraper in Cape Town. He also said a request for additional rights…

NHC START CONSTRUCTION OF 500,000 NEW HOUSES IN KENYA

Posted on May 23, 2018 by Gambeta News

Kenya’s NHC set to build over 500,00 house as part of its plans for affordable homes. The construction of 500,000 houses is set to kick-off in Kenya. It is also part of the nation plans to spread housing unit all over the country that is affordable and can help the environment. The project is also part of NHC’s strategic plan of delivering decent and affordable housing to the public. Meanwhile over 222 unit housing has…

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