PROJECT

LG ENERGY SET TO BUILD NEW PRODUCTION PLANT FACILITY FOR ELECTRIC VEHICLES IN MOROCCO

Posted on by Gambeta News
LG ENERGY SET TO BUILD NEW PRODUCTION PLANT FACILITY FOR ELECTRIC VEHICLES IN MOROCCO

LG Energy Solution (LGES) is eyeing Morocco as a potential site for a new production plant specializing in Electric Vehicle (EV) batteries, specifically lithium iron phosphate (LFP) cathodes. This move comes as part of a strategic response to recent tariffs imposed by the European Union on EV imports from China, which have heightened the need for cost-effective production solutions. Wonjoon Suh, LGES’s head of advanced automotive battery division, highlighted that Morocco is among three key…

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HOW EGYPT LOW-INCOME HOUSING FINANCE INITIATIVE GOT EGP70BILLION FUNDS

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HOW EGYPT LOW-INCOME HOUSING FINANCE INITIATIVE GOT EGP70BILLION FUNDS

The Social Housing and Mortgage Finance Fund recently announced that banks and companies participating in Egypt’s low-income housing finance initiative have collectively provided EGP 70.6 billion in funding, benefiting over 573,000 clients as of June 2024. Banks contributed EGP 68.1 billion, reaching approximately 553,450 clients (96.5% of the initiative), while mortgage finance companies added EGP 2.5 billion, aiding around 19,500 clients (3.5% of the total). The Central Bank of Egypt (CBE) launched the mortgage finance…

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CHIRUNDU BORDER POST TRANSFORMATION SET TO TAKE EFFECT IN ZIMBABWE

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CHIRUNDU BORDER POST TRANSFORMATION SET TO TAKE EFFECT IN ZIMBABWE

The Chirundu one-stop border post is on the verge of a significant transformation following a public-private partnership (PPP) agreement between the Zimbabwean government and a local firm. This modernization project, valued at US$66.8 million, aims to upgrade and revamp existing infrastructure, bringing enhanced efficiency and employment opportunities. A Memorandum of Agreement has been signed between the Ministry of Transport and Infrastructural Development and the Chirundu Border Consortium. This development marks a significant milestone in the…

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MOZAMBIQUE GOVT. SET PLANS FOR PETROLEUM EXPLORATION AFTER CONTRACT APPROVAL

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MOZAMBIQUE GOVT. SET PLANS FOR PETROLEUM EXPLORATION AFTER CONTRACT APPROVAL

The Mozambican government’s recent approval of the concession contract for petroleum exploration and production in the Angoche A6-C Offshore Area marks a significant step in the country’s energy sector. The concession grants Eni Mozambico the role of operator with a 60% stake, partnered with Empresa Nacional de Hidrocarbonetos (ENH), the Mozambican state-owned company, holding a 40% stake. This agreement allows Eni Mozambico the exclusive right to conduct petroleum operations in the specified area and the…

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ZESCO EXPLORING USE OF WATER TO POWER ELECTRICITY IN ZAMBIA

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ZESCO EXPLORING USE OF WATER TO POWER ELECTRICITY IN ZAMBIA

ZESCO Limited is conducting a feasibility study to assess the potential of using available water resources more effectively to enhance power generation capabilities. This initiative is crucial due to the impact of climate change, which has led to lower water levels in the Itezhi Tezhi Dam. This dam plays a critical role in supplying water for electricity generation at three power stations along the Kafue River Basin. Clement Siame, Deputy Director of the Kafue River…

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NEW TOURIST CENTER BUILDING UNVIELED IN TOGO

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NEW TOURIST CENTER BUILDING UNVIELED IN TOGO

The town of Aného, situated 30 km southeast of Lomé, is set to unveil a new tourist center, as announced by Alexis Aquereburu, mayor of Lacs 1 municipality. This center aims to serve as a hub for promoting and celebrating the cultural heritage of the municipality. It will feature a collection of furnishings such as office furniture, sculptures, and paintings that narrate the history of local palaces. In a bid to ensure authenticity and quality,…

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ANGOLA GOVT. MAKING PLANS TO IMPROVE DUNDO CITY

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ANGOLA GOVT. MAKING PLANS TO IMPROVE DUNDO CITY

In a directive over the weekend, Minister of Territorial Administration Dionísio da Fonseca urged the newly appointed governor of Lunda-Norte province, Filomena Aires, to prioritize basic sanitation and the revitalization of Dundo to enhance the city’s reputation. Emphasizing that Dundo serves as the province’s ambassador, he extended the challenge to all municipalities within Lunda-Norte. Highlighting the collective effort needed for development, Dionísio da Fonseca emphasized the crucial roles of the business community, churches, traditional authorities,…

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STATE GOVERNOR APPROVED CONSTRUCTION OF FIVE MAJOR ROAD PROJECT IN NIGERIA

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STATE GOVERNOR APPROVED CONSTRUCTION OF FIVE MAJOR ROAD PROJECT IN NIGERIA

The Governor of Ogun State has initiated significant infrastructure projects aimed at alleviating the daily hardships faced by residents due to poor road conditions. One of the major projects underway is the reconstruction of the Lagos-Sango-Abeokuta road, a crucial artery for the region. Although some administrative processes remain to be completed, the Governor has decided to proceed with the reconstruction to swiftly ease the burden on commuters. Commissioner Ade Akinsanya highlighted that the State Executive…

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MINING COMPANY ANNOUNCED PLANS TO CONSTRUCT THREE MILITARY BASE FACILITY IN GHANA

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MINING COMPANY ANNOUNCED PLANS TO CONSTRUCT THREE MILITARY BASE FACILITY IN GHANA

Newmont Gold, a prominent mining company, has committed to funding the establishment of three military forward operating bases in the Ahafo Region of Ghana. These bases, equipped with essential facilities like conference halls, offices, staff quarters, and canteens, aim to bolster security and enhance emergency response capabilities in the region. They are strategically located in Kenyasi (Asutifi North district), Sankore-Nyamenekyere (Asunafo South district), and Yamfo (Tano North Municipality). The initiative, set to be completed within…

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CONCERN RAISED OVER LACK OF FUNDS FOR REPAIRS OF ROADS IN MOZAMBIQUE MUNCIPALITIES

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CONCERN RAISED OVER LACK OF FUNDS FOR REPAIRS OF ROADS IN MOZAMBIQUE MUNCIPALITIES

The mayors of Mozambique’s municipalities are facing significant challenges due to delays and insufficient disbursement of funds allocated for repairing access roads. Although 706.4 million meticais were budgeted for all 65 municipalities this year, only 240.3 million meticais have been disbursed so far. This shortfall is affecting the ability of municipalities to maintain and improve their access roads. Meanwhile, The late disbursement of funds is severely affecting ongoing maintenance and construction projects. Municipalities are unable…

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KCCA ANNOUNCED COMMENCEMENT OF MAJOR INFRASTRUCTURE PROJECT

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KCCA ANNOUNCED COMMENCEMENT OF MAJOR INFRASTRUCTURE PROJECT

The Kampala Capital City Authority (KCCA) has announced the commencement of a major infrastructure project aimed at enhancing connectivity between Katwe I and Kibuye I in the Makindye Division of Kampala. This project includes the complete demolition and reconstruction of Kayemba Road and the bridges crossing Queensway. The KCCA stated in a recent traffic advisory that the construction work at the Queensway crossing will begin on July 18, 2024, and is expected to be completed…

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EGYPT GOVT. SET TO FOCUS ON DIGITAL & AI TRANSFORMATION IN CAMPUSES

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EGYPT GOVT. SET TO FOCUS ON DIGITAL & AI TRANSFORMATION IN CAMPUSES

Egypt’s Ministry of Higher Education and Scientific Research is intensifying its focus on digital transformation and the integration of artificial intelligence (AI) into its educational framework, according to Minister Ayman Ashour. This initiative, funded with EGP 10 billion, is a key component of the national strategy for higher education and scientific research. Six Pillars of the Project Minister Ashour outlined six primary objectives of the project: 1. Establishing smart university campuses. 2. Conducting electronic tests….

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MOZAMBIQUE PUBLIC WORK MINISTER SAY OVER 20MILLION CITIZEN CAN ACCESS DRINKING WATER

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MOZAMBIQUE PUBLIC WORK MINISTER SAY OVER 20MILLION CITIZEN CAN ACCESS DRINKING WATER

In significant stride towards improving public health, over 20.7 million Mozambicans now have access to clean drinking water, according to Carlos Mesquita, the Minister of Public Works. Speaking at the annual water supply sector meeting in Maputo, Mesquita highlighted the progress made since 2020, with an additional three million people gaining access to clean water and 2.6 million obtaining safe sanitation services. Rising Access to Clean Water and Sanitation “The population now covered by safe…

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AfDB LAUNCH NEW DIGITAL PROJECT CALLED RASME IN MOROCCO

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AfDB LAUNCH NEW DIGITAL PROJECT CALLED RASME IN MOROCCO

The African Development Bank (AfDB) is ushering in a new era of digital project supervision with the launch of “RASME” in Morocco. This innovative solution, unveiled today in Rabat, leverages cutting-edge technologies to gather real-time data and enhance project monitoring processes across the continent. RASME, which stands for Remote Appraisal, Supervision, Monitoring, and Evaluation, offers a multifaceted approach. By utilizing mobile devices, aerial imagery, and satellite technology, the platform streamlines data collection, allowing project managers…

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HOW ACCESS TO TOGO HEALTHCARE INCREASED BY 90%

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HOW ACCESS TO TOGO HEALTHCARE INCREASED BY 90%

Togo has made remarkable strides in healthcare accessibility, increasing its coverage rate from 71% in 2020 to 90.7% in 2023, according to a recent report by the Presidency of the Republic. Published on July 4, 2024, the report includes the latest Human Development Index (HDI) figures. A pivotal factor in this progress has been the Wezou Initiative, which provides care for pregnant women and newborns. By the end of 2023, the initiative had benefited over…

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ABUJA-KADUNA HIGHWAY CONSTRUCTION: SIX YEARS AFTER AWARDS STILL NO PROGRESS ON PROJECT

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ABUJA-KADUNA HIGHWAY CONSTRUCTION: SIX YEARS AFTER AWARDS STILL NO PROGRESS ON PROJECT

The reconstruction of the Abuja-Kaduna highway, initially contracted in December 2018, remains incomplete nearly six years later, posing significant challenges for travelers. The 375.9 km dual carriageway project, initially costing N155 billion, has seen multiple cost escalations, reaching N797.2 billion by 2021, with further requests to increase the budget to N1.35 trillion rejected in January 2024. Despite some progress on the Kaduna-Zaria and Zaria-Kano sections, the Abuja-Kaduna portion remains riddled with potholes and partially abandoned…

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CHIMBOTA DEVELOPMENT CONSTRUCT K80M HALL IN MALAWI

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CHIMBOTA DEVELOPMENT CONSTRUCT K80M HALL IN MALAWI

In an effort to enhance education infrastructure in Malawi, Chimbota Development Organisation (CDO) has constructed a K80 million state-of-the-art hall at Chimbota Secondary School in Nkhatabay district. Kelvin Troughton, Executive Director of Chimbota CDO, stated that the hall was built to address the difficulties students faced during national examinations and general assemblies, as classrooms were previously used, disrupting other classes. Funded by a grant from the Beit Trust, the new hall will serve multiple purposes,…

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US GOVT. APPROVED US$99M FOR MOZAMBIQUE FIRST UTILITY SCALE WIND POWER PROJECT

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US GOVT. APPROVED US$99M FOR MOZAMBIQUE FIRST UTILITY SCALE WIND POWER PROJECT

The US International Development Finance Corporation (DFC) has approved a significant loan and political risk insurance to support Mozambique’s first utility-scale wind-power project. The DFC has approved a loan of up to US$99 million to help finance Mozambique’s first utility-scale wind-power project. This project is being developed near Namaacha in the south of Mozambique. In addition to the loan, DFC will provide $80 million in political risk insurance to Globeleq Africa, the developer behind the…

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BOSTWANA PRESIDENT VISIT MOZAMIBQUE HYDROELECTRICITY FACILITIES

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BOSTWANA PRESIDENT VISIT MOZAMIBQUE HYDROELECTRICITY FACILITIES

President Mokgweetsi Masisi of Botswana recently undertook an official visit to Mozambique, where he visited the Hidroeléctrica de Cahora Bassa (HCB), a major hydroelectric facility in Southern Africa.  President Masisi visited HCB as part of his official visit to Mozambique. The visit aimed to familiarize him with the operations and infrastructure of HCB, which is one of the largest hydroelectric plants in the region. During his visit, President Masisi toured the dam and central facilities…

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FM6SS CONTRACT SIGNED, SET TO BOOST HEALTH TECH SECTOR IN MOROCCO

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FM6SS CONTRACT SIGNED, SET TO BOOST HEALTH TECH SECTOR IN MOROCCO

Tamwilcom and the Mohammed VI Foundation for Science and Health (FM6SS) have entered into a strategic partnership aimed at advancing innovation in the health tech sector in Morocco.  Tamwilcom and FM6SS signed a memorandum of understanding (MOU) in Casablanca to formalize their partnership. This MOU underscores their commitment to supporting startups and fostering innovation within the health tech sector. Tamwilcom, through its Innov Invest Fund (FII), will leverage its network and resources to support innovative…

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