N e w s

Nigeria: Construction begins on U.S.$300 Million Stadium Project in Nnewi

Awka — Chairman FC Ifeanyi Ubah, Chief Ifeanyi Ubah, has disclosed that his club has started the construction of a $300 million stadium project in Nnewi, Anambra State.   Ubah said while fielding questions from journalists on Friday in Nnewi that the stadium would create about 5,000 jobs on completion, while it would be the first of its kind in Nigeria.   He added: "The stadium would be made up of a games village, youth.... Read more »

Posted on : Tuesday , 22nd March 2016

Nigeria: State Govt. Commences Construction of 114 Rural Roads

The Lagos State government said it has commenced the construction of the promised 114 roads, across the 57 council areas of the state, to bring succor to the people at the grassroots.   This move, according to Governor Akinwunmi Ambode, is in fulfillment of one of his campaign promises of investing massively in the construction of rural roads.   Recall that the governor, at the monthly meeting of the Executive Secretaries of the.... Read more »

Posted on : Tuesday , 22nd March 2016

Nigeria: Six Percent Rise in Oil Prices As Producers Agree to Cooperate

Oil prices jumped by almost six per cent on Thursday thus erasing losses of the past two days, after major producers firmed up plans to meet in Qatar to discuss an output freeze.   United States crude settled up $2.12, or 5.8 per cent, at $38.46 a barrel, after falling by five per cent in the past two sessions.   Brent crude finished up $1.59, at $40.33 a barrel, after falling below $40 in previous sessions.   Crude prices.... Read more »

Posted on : Monday , 21st March 2016

Kenya to Partner Uganda in Cross-Border Fish Trade

Kenya and Uganda have agreed to create a common platform to facilitate cross-border trade in fish and fishery products, using Busia border as a model.   The East African Community (EAC) has already developed the regional sanitary and phytosanitary (SPS) standards, the inspectors' guide, standard operating procedures and the sanitary measures to guide in the trade and roll-out plan.   The programme aims to facilitate trade and ease.... Read more »

Posted on : Monday , 21st March 2016

Kenya: Govt to Bring Investors Closer to Power Plants In Bid to Cut Costs

Kenya will set up investors near geothermal plants to cut the cost of electricity and offer subsidies in order to compete with her neighbours.   Mr Mohamed said on Thursday that they will set up investors at the shores of Lake Naivasha near the geothermal power plant to cut transmission charges to make Kenya attractive.   "We are going to set them up at Naivasha near the geothermal plant where power is much cheaper since it is.... Read more »

Posted on : Saturday , 19th March 2016

IAEA to Support Nigeria Generate 4,000 Megawatts of Electricity

Abuja — President Muhammadu Buhari has appreciated the support of the International Atomic Energy Agency, IAEA, for Nigeria's quest to generate 4,000 megawatts of electricity using nuclear energy.   This came as Ministers of Power, Solid Minerals, Health, Science and Technology told President Buhari that Nigeria would soon start a program that will help the country realize the objective.   According to them, it will commerce.... Read more »

Posted on : Saturday , 19th March 2016

Nigeria: State Assembly Approves N1 Billion Loan for Commercial Farming

The Kano State House of Assembly has approved a request by the state governor, Abdullahi Ganduje, to obtain N1billion loan from the Central Bank of Nigeria to boost commercial farming in the state.   During the house emergency plenary on Thursday, the speaker, Kabiru Rurum, presented a letter signed by Mr. Ganduje seeking the house's approval.   Presenting the letter, Mr. Rurum said the request needed emergency approval of the.... Read more »

Posted on : Saturday , 19th March 2016

ABYSSINIA GROUP OF COMPANIES SIGNS UP AS THE GOLD SPONSOR FOR THE 19TH BUILDEXPO AFRICA 2016.

Abyssinia Group signs up as Gold Sponsor at East Africa’s largest Building & Construction Expo – BuildExpo Africa taking place from the 04th to 06th June 2016 at a brand new, larger and conveniently located venue – The Carnivore Dome. Abyssinia Group is the largest steel producers in East Africa and will be showcasing their products at the mega event. Operational in Kenya since 2003 and utilizing locally available.... Read more »

Posted on : Friday , 18th March 2016

KNAUF GYPSUM TANZANIA LTD. : THE PLATINUM SPONSOR FOR THE 19th BUILDEXPO TANZANIA 2016.

BuildExpo Africa 2016 East Africa’s largest Building & Construction Expo for the past 18th years takes pride in announcing its Platinum Sponsor KNAUF GYPSUM TANZANIA LTD,  to be held from the 02nd-4th July 2016 at the Mlimani Conference Centre, Dar-Es Salaam, Tanzania KNAUF GYPSUM TANZANIA LTD Founded in 1932, by two brothers and mining engineers Alfons & Karl, Knauf is a multinational company with operations in more than.... Read more »

Posted on : Friday , 18th March 2016

Tanzania: First Gas Production from Kiliwani North Gas Project Expected in April

AMINEX plc and Solo Oil plc have told investors that first gas production from the Kiliwani North gas project, in Tanzania, is now expected in early April.   Final well integrity testing has now been completed for the Kiliwani North-1 (KN-1) production well. The state's Tanzania Petroleum Development Corporation (TPDC) had previously advised Aminex to prepare the KN-1 well for production by mid-February.   The change to the.... Read more »

Posted on : Friday , 18th March 2016

World Bank, Sierra Leone Sign US$40 Million Agreement for Project Linking Farmers to Agribusiness

Freetown — The Government of Sierra Leone and the World Bank today signed a US$40 million credit agreement to support smallholder commercialization and agribusiness development in Sierra Leone.   The project is co-financed by the UK's Department for International Development (DFID) with an additional US$15 million making the total project funding of US$55 million. The project was approved by the World Bank Board of Executive.... Read more »

Posted on : Friday , 18th March 2016

Kenya: Investment Co. Plans Construction of 9,500-acre City in Kilifi County

NSE-listed investment company Centum has started preparations for the construction of an exclusive 9,500-acre city in Kilifi County, extending its entry into high-end real estate development.   Centum, which is also behind the Two Rivers Mall, tipped to be Kenya's biggest on completion, is building the city on land it bought last year from Rea Vipingo Holdings, a plantation firm that sold part of its land as it de-listed from the Nairobi.... Read more »

Posted on : Friday , 18th March 2016



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