Keen on expanding its small electricity generation capacity to support an industrialisation drive, the east African country is currently pursuing several multi-billion-dollar projects, most of them in hydropower generation. Officials previously said the government was also looking for investors to develop solar energy and other renewable sources of power such as biomass, waste energy, geothermal and wind power. The state-run Electricity.... Read more »

Posted on : Monday , 15th December 2014

 A three-day meeting of experts opened on Monday this week at the African Union Headquarters in Addis Ababa in advance of the 9th Ordinary Session of the African Union Conference of Ministers of Trade to be held on 4-5 December. The experts are deliberating the implications of mega regional trade agreements and current investment trends in the context of Africa's commitment to forge its economic integration. The discussions are particularly.... Read more »

Posted on : Thursday , 11th December 2014

 General Electric (GE) has awarded Nexus Alliance Limited, contract for the technical training and capacity development of all personnel that will be engaged at its (GE's) Multimillion dollar Manufacturing and Assembly facility situated in Calabar, Cross River State. Vice Chairman of GE Mr. John Rice, this in Abuja during a recent visit to Nigeria. He said the contract award was in fulfillment of the pledge made by Chairman of GE, Mr. Jeff.... Read more »

Posted on : Thursday , 11th December 2014

 Fifteen firms from four countries have indicated interests to invest in key sectors of the economy such as agriculture and manufacturing. This was made known by the Nigerian Ambassador in Argentina, Amb. Chive Kaave, when he led the investors from Argentina, Peru, Cuba and Paraguay to meet with the Executive Secretary of the Nigerian Investment Promotion Commission, NIPC, Mrs. Saratu Umar. He said the visit was in response to the federal.... Read more »

Posted on : Thursday , 11th December 2014

 THE Managing Director, Siemens Nigeria, Onyech Tifase, has described the company's feat in addressing challenges in Nigeria's real sector as a testimonial to the fact that the company fully understands the Nigerian terrain and is deeply committed to the country's development. According to her, Siemens is ready to assist its customers to surmount the challenges in the manufacturing environment, with inadequate levels of infrastructure,.... Read more »

Posted on : Thursday , 11th December 2014

 he government paper was oversubscribed to US$8.8bn although the government was interested in just US$2bn. The money will pay for key infrastructure projects such as the Lamu Port, the US$3bn worth Galana-Kulalu irrigation project at the Coast and geothermal power project development in the Rift Valley. “Access to international capital markets will help reduce our domestic borrowing. This will leave greater room for private sector.... Read more »

Posted on : Wednesday , 10th December 2014

 The deals would cover areas such as infrastructure, power distribution, real estate and business cooperation, added Kikwete. A report in Reuters Africa has stated that the countries will develop a satellite city worth US$1bn and a financial centre worth US$500mn in Dar es Salaam. The two projects are jointly developed by the China Railway Jianchang Engineering Company and Tanzania’s National Housing.... Read more »

Posted on : Wednesday , 10th December 2014

 The report titled Capital Projects & Infrastructure in East Africa, Southern Africa and West Africa,was drafted after a survey was conducted among 95 players in the infrastructure sector such as government bodies, private financiers, development finance institutions and construction companies across East, West and southern Africa. The sectors that were part of the survey included water, transport and logistics, energy, mining,.... Read more »

Posted on : Wednesday , 10th December 2014

A large gathering of telecoms investors and the global Information and Communications Technology (ICT) community in Doha, Qatar, on Sunday of the investment opportunities that abound in the country, especially in the area of broadband. Despite attaining active telephone line connectivity of over 134 million and a teledensity of 96 per cent, the federal government, yesterday said there is much to do to achieve an all inclusive penetration of.... Read more »

Posted on : Wednesday , 10th December 2014

  fter twelve years of wrangling, the EU finally concludes bilateral trade treaties with 44 Sub-Saharan countries The European Union – the continent's biggest trading partner – has now signed up most sub-Saharan African countries to bilateral or regional Economic Partnership Agreements (EPA). The framework sets the stage for increasing liberalisation of trade and the reduction of tariffs. Only the disputed Western Sahara and.... Read more »

Posted on : Tuesday , 9th December 2014

 For many, the most emblematic moment of Washington's maiden Africa summit on 4-6 August came at the end of an intense day of economic and commercial debate on 5 August, when President Barack Obama sat in on a 15-minute discussion with Takunda Chingonzo, a 21-year-old internet entrepreneur from Zimbabwe. It was a conversation of the free-ranging kind that Obama had specified for the following day at the Leaders Summit. It was also a signal.... Read more »

Posted on : Tuesday , 9th December 2014

 The Johannesburg to Durban route is the busiest economic corridor in the country and Harrismith is right in the middle. Harrismith also links in a star-like formation with other major economic cities such as Bloemfontein, Klerksdorp, Maseru and Richards Bay. As a result, the Maluti-A-Phofung local municipality and Harrismith are well situated in terms of freight volume movement through the area. The Harrismith Logistics Hub will be able.... Read more »

Posted on : Tuesday , 9th December 2014