Construction of Corbetti and Tulu Moye geothermal power projects in Ethiopia is set to commence soon. Gunnar Orn Gunnarsson, Reykjavik Geothermal (RG)’s Chief Operating Officer announced the reports and said that they are preparing to start exploration drilling in September. “Our relationship with the government has always been very positive and the current government is very supportive,”…
Details Sonangol, Angola’s national oil production company, Sonangol and United Shine signed a partnership agreement on Tuesday in Luanda to build a high conversion crude oil refinery in Cabinda province, an Angolan enclave coinciding between Congo and the DRC, according to a Sonangol statement released on Tuesday. In the long term, this refinery, which should produce gasoline,…
Details The African Continental Free Trade Area Agreement is one of the most ambitious projects of the African Union, and it is now, miraculously, in force. But that’s just the first step. The next phase will be crucial negotiations about the operational framework. The African Continental Free Trade Area Agreement (AfCFTA) came into force on 30…
Details The African Continental Free Trade Area Agreement is one of the most ambitious projects of the African Union, and it is now, miraculously, in force. But that’s just the first step. The next phase will be crucial negotiations about the operational framework. The African Continental Free Trade Area Agreement (AfCFTA) came into force on 30…
Details By Anita Chepkoech The government is negotiating with China for a loan of about Sh370 billion to complete the third phase of the standard gauge railway. According to Kenya Railways Acting Director Philip Mahinga, the corporation is also holding talks to finance a system that will ensure the railway, its passengers, goods and equipment are…
Details India’s third-largest telecom company Bharti Airtel Ltd said on Tuesday it will raise $750 million (about Rs 5,200 crore) by selling shares of its Africa unit via an initial public offering (IPO) and list them on the London Stock Exchange (LSE). In case of an oversubscription, the company will raise an additional $112.5 million (15%…
Details Construction works on the modern 14th Gobachop Market in Paynesville, near Monrovia in Liberia on track and progressing well. The market which is being built at cost of US $3.8m is fast leaving foundation level, with other mini buildings including the six compartments of toilet, generator room and bathroom almost completed. Gobachop Market The 14-Gobachop…
Details Egypt is set to commence construction of US $3.9bn monorail l transport system that will connect the New Administrative Capital (NAC), now under construction, with other major towns. This is after a contractor, Bombardier Transportation, was awarded the lucrative tender to implement the mega project. New monorail system The new monorail system will consist of two…
Details Egypt is set to commence construction of US $3.9bn monorail l transport system that will connect the New Administrative Capital (NAC), now under construction, with other major towns. This is after a contractor, Bombardier Transportation, was awarded the lucrative tender to implement the mega project. New monorail system The new monorail system will consist of two…
Details Egypt is set to commence construction of US $3.9bn monorail l transport system that will connect the New Administrative Capital (NAC), now under construction, with other major towns. This is after a contractor, Bombardier Transportation, was awarded the lucrative tender to implement the mega project. New monorail system The new monorail system will consist of two…
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