Construction works on Tanzania’s US $432m Kinyerezi II power project is set to be completed in October this year. This is according to the site’s Genaral Manager, Mr Shoji Watababe. “We are currently working on a few technical issues before completing the project. The work plan shows that until next month, the project will be concluded,” said Mr…
FOREIGN direct investment into Africa dwindled over the past five years, from US$74 billion (roughly N$1 trillion at the current exchange rate) in 2013, slowly dropping to US$41 billion (roughly N$581,2 billion) in 2017. Moreover, global flows of foreign direct investment (FDI) also contracted over the last two years, dwindling by a sharp 23% in…
The government of Rwanda is set to construct social housing in high risk zones in Nyarugenge district at a whooping cost of US $1m as part of Rwesero Social Housing Project. According to the mayor of Nyarugenge District, Kayisime Nzaramba the Rwesero Social Housing Project was in line with their plans of ensuring a consistent clean and green…
The government of Rwanda is set to construct social housing in high risk zones in Nyarugenge district at a whooping cost of US $1m as part of Rwesero Social Housing Project. According to the mayor of Nyarugenge District, Kayisime Nzaramba the Rwesero Social Housing Project was in line with their plans of ensuring a consistent clean and green…
Egypt has announce to commence construction works on a 28.3ha residential development in its new administrative capital before year-end. Saudi-Egyptian Construction Company (Secon) project developer, through the Chief Executive Officer Darwish Hasanen, confirmed the reports and said construction will take four years in three phases. The residential development projects came three years after a memorandum of understanding was signed in 2015 between UAE-based…
Egypt has announce to commence construction works on a 28.3ha residential development in its new administrative capital before year-end. Saudi-Egyptian Construction Company (Secon) project developer, through the Chief Executive Officer Darwish Hasanen, confirmed the reports and said construction will take four years in three phases. The residential development projects came three years after a memorandum of understanding was signed in 2015 between UAE-based…
Malawi is set to receive US $102m fund for the Lilongwe Water and Sanitation project (LWSP) following an approval from the World Bank to fund the project. LWSP co-task team leader, Mr. Odete Maximpua confirmed the reports and said the fund includes US $75m credit and a US $25m from the international development. Two thirds of the project…
Malawi is set to receive US $102m fund for the Lilongwe Water and Sanitation project (LWSP) following an approval from the World Bank to fund the project. LWSP co-task team leader, Mr. Odete Maximpua confirmed the reports and said the fund includes US $75m credit and a US $25m from the international development. Two thirds of the project…
Malawi is set to receive US $102m fund for the Lilongwe Water and Sanitation project (LWSP) following an approval from the World Bank to fund the project. LWSP co-task team leader, Mr. Odete Maximpua confirmed the reports and said the fund includes US $75m credit and a US $25m from the international development. Two thirds of the project…
Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources. The world’s biggest companies from Exxon Mobil Corp. to Royal Dutch Shell Plc and BP Plc are setting up camp across Africa. Armed with stronger balance sheets and higher crude…