Market News Page No. 345| Africa Business News

Airtel Commissions U.S.$10 Million Data Center in Sierra Leone

In a bid provide quality communication to their consumers, Airtel Sierra Leone yesterday commissioned a US$10m data centre in Freetown. Speaking during the auspicious ceremony at Spur Road, Managing Director of Airtel Sierra Leone, Dapo Olasope, said the company had commenced the huge project in June 2014, aimed at modernising and expanding their network infrastructure to standards akin to technologically advanced counties in the.... Read more »

Posted on : Saturday , 2nd April 2016

Nigeria: State Governor Promises Completion of U.S.$1.7 Billion Seaport by 2019

Lagos State Governor Akinwunmi Ambode has pledged to complete the $1.7 billion Lekki Seaport in 2019, saying upon completion, it would be the deepest seaport in sub-Saharan Africa. The governor, who reeled out the numerous investment opportunities that abound in the state to prospective investors in critical sectors such as power, agriculture, transportation, health, tourism, housing, ICT and manufacturing, gave assurance that the state.... Read more »

Posted on : Saturday , 2nd April 2016

Zimbabwe: UNDP Provides Primary School with Solar Power

The United Nations Development Programme (UNDP) has installed a 1,68-kilowatt solar-generated electricity worth $42 180 at Nyatsato Primary School in Rushinga as part of efforts to adapt and mitigate climate change, UNDP country director Ms Verity Nyagah has said. In a presentation made on the commemorations of the UNDP's 50th anniversary, Ms Nyagah said the solar-generated electricity had brought benefits to the students, teachers and.... Read more »

Posted on : Friday , 1st April 2016

Kenya: County to Get Sh12 Billion Solar Project

The Rural Electrification Authority has approved a Sh12.8 billion, 55-megawatt solar power plant in Garissa County. Established through a concessional funding from the Chinese Government, the project is expected to start this July and take a year to be completed. The project, which could be the largest solar power station in Africa once completed, will power close to 625,000 homes. The plant will be situated 20km from.... Read more »

Posted on : Friday , 1st April 2016

Nigeria: Governor Flags Off Construction of N5.7 Billion Flyover

Ado-Ekiti — Governor Ayodele Fayose Ekiti State yesterday flagged off the construction of a N5.7 billion flyover in Ado Ekiti, the state capital with a promise that all projects awarded by his government would be completed before the expiration of his tenure. Speaking while kick-starting the1.2-kilometre project, the governor said the facility would be delivered within 24 months. Fayose, who described the project as the.... Read more »

Posted on : Friday , 1st April 2016

Nigeria: State Govt Awards 700 Contracts for Construction of School

Makurdi — The Benue State Government has concluded plans to award 700 contracts for the provision of structures and facilities in primary schools. The Executive Chairman of the State Universal Basic Education Board (SUBEB), Dr. Philip Tachin, who announced this, said the contract would be given out on merit, adding that under his watch, the board would insist on project delivery. He explained that Governor Samuel Ortom has already approved.... Read more »

Posted on : Friday , 1st April 2016

Zimbabwe: U.S.$100 Million Mining Loan To Be Finalized by Govt

GOVERNMENT is working with China to finalise the guarantee needed for the $100 million loan meant for the small scale gold sector, Deputy Minister of Mines and Mining Development Fred Moyo has said. "It has been very slow," said Mr Moyo. "Government is guaranteeing so many transactions as such it has been difficult to come up with another option as we are not easily bankable." China has however agreed to release.... Read more »

Posted on : Thursday , 31st March 2016

Tanzania: ACT Looking for More Investments in Agriculture Sector

Agricultural Council of Tanzania (ACT) has advised the government to tout more investors in the agricultural sector in order to bring social and economic developments for the nation. The ACT Chairman, Dr Sinare Yusuf Sinare said 70 per cent of the population in Tanzania engages in agricultural activities in one way or another, thus massive investment in the sector was vital. He said if the government would meet with.... Read more »

Posted on : Thursday , 31st March 2016

Tanzania: Expansion of Airport on President's Agenda

Mwanza — PRESIDENT John Magufuli has revived new hopes for the Lake Zone regions as he pledged the purchase of a new passenger ship and expansion of the Mwanza Airport. The two projects have been long awaited for years to become a reality with the Head of State saying special budgets will be allocated this financial year for their full implementation. Addressing a section of city residents and government leaders who turned up to.... Read more »

Posted on : Thursday , 31st March 2016

Nigeria: Shell Increases Gas Production in Eastern Niger Delta

Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has announced that more gas is being produced from Agbada field in the Eastern Niger Delta in support of federal government's aspiration of increasing domestic gas production for manufacturing and power generation. This development is coming at a time Nigeria's power supply has dropped significantly due to gas shortages to power stations Power.... Read more »

Posted on : Wednesday , 30th March 2016

Uranium Production in Namibia to Triple in 2017

NAMIBIA'S uranium production is expected to be three times the volume produced in 2015, according to statistics issued by finance minister Calle Schlettwein in parliament recently. "We are of the opinion that, in spite of weak commodity prices and relatively slow growth in external demand, the coming into operation of large-scale mining projects will support decent levels of economic growth. Namibia's output of uranium in 2017, for.... Read more »

Posted on : Wednesday , 30th March 2016

Nigeria Now World's Largest Producer of Cassava

Nigeria has become the largest producer of cassava in the world with an annual output of 45 million metric tons. The Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has said. Ogbe who was represented by the Minister of State of Agriculture and Rural Development, Heineken Lokpobiri made the remark at the sideline of the official launch of the State Partnership for Agriculture, organized by Synergos in Nigeria in.... Read more »

Posted on : Wednesday , 30th March 2016