The government of Ghana has received US $10 bn funding to undertake a major reconstruction with modern all-season road network linkages to spur economic and social development through easier access to and from rural areas to the main population centre. A memorandum of understanding (MoU) was signed between Ghana through Investigroup,an international organisation with offices in several African countries, and the MFAR Group of…
Details Zambia’s President Edgar Lungu has launched the US $449m Kafulafuta water supply project which is expected to provide water to 1million people in the country more so in Copperbelt province. Speaking at the launch, Minister for water development, sanitation and environmental protection, Dennis Wanchinga said the million dollar project involves construction of of a dam and other infrastructures that…
Details 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…
Details 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…
Details 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…
Details The Overseas Private Investment Corporation (OPIC) has committed $25m in financing to the Solar Energy Transformation Fund, which will provide loans to companies developing off-grid solar products and solutions for the millions of people in Sub-Saharan Africa and Asia. The OPIC commitment consists of both a senior and a subordinated tranche, which will help catalyze…
Details 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…
Details 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…
Details 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…
Details 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…
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