Securing and improving on Nigeria's infrastructure stock through prioritized investments, has again been listed as the pathway to the nation's long-term success and economic revival.   Besides, a new report by The Boston Consulting Group (BCG), said the nation's stock of wealth and assessed potentials has failed to translate into the well-being of the populace.   The report, which analysis was based on Sustainable Economic.... Read more »

Posted on : Thursday , 7th April 2016

Kenya has signed seven memorandums of understanding that will see the country receive upto 250 million euros (Sh28.8 billion).   The agreements were signed after President Uhuru Kenyatta met his French counterpart Francois Hollande for bilateral agreements.   The financing are a culmination of both grants and loans negotiated through the national Treasury to finance several infrastructure projects in the country.   This is.... Read more »

Posted on : Wednesday , 6th April 2016

Construction of the tallest building in Eastern and Central Africa, owned by Tanzania Ports Authority (TPA) will be complete in August.   According to the Director of KM&Archplans (T) Ltd, the lead company of construction consortium, Mr Albert Mwambafu, construction of the building was currently complete by 90 per cent.   He said that upon its completion, the 35-storey building will cost 120bn/-.   Among other things,.... Read more »

Posted on : Tuesday , 5th April 2016

Tanzania Ports Authority (TPA) has finally secured funds for construction of berths 13 and 14 which were on drawing board for almost five years.   The fund, 690 million US dollar, put together by World Bank, DFID and TPA, will enable the much awaited project to take off in 2016/17 fiscal year. TPA's acting Director of Planning and Investment, Gladson Urioh, said the fund will also involve the construction of berth 12 after relocating.... Read more »

Posted on : Tuesday , 5th April 2016

Kenya will start building a new offshore crude oil and refined fuel jetty in October.   The jetty is expected to increase efficiency in delivery of imported refined fuel for Kenya's domestic use and export to Uganda, Rwanda, Burundi and eastern Democratic Republic of Congo.   The Kenya Ports Authority (KPA) plans to build the jetty near Dongo Kundu from October to December 2019 to handle larger tankers and relocate existing Kipevu.... Read more »

Posted on : Tuesday , 5th April 2016

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

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

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

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

China Road and Bridge Corporation has since inception signed contracts worth Sh50 billion with local suppliers for the construction of the standard gauge railway.   The deals have led to the creation of over 38,000 jobs, easing the government's unemployment burden.   The firm, in its social responsibility report 2015 on the Sh400 billion Mombasa-Nairobi SGR project, revealed that agreements signed with local suppliers (project.... Read more »

Posted on : Wednesday , 30th March 2016

Rwanda Cricket Association (RCA) and the Ministry of Sports and Culture have partnered to construct a new cricket ground at the University of Rwanda- College of education (UR-CE), Rukara Campus in Kayonza district, Eastern Province. Speaking during the official groundbreaking ceremony at the college campus over the weekend, RCA president, Charles Haba said: "We shall sponsor the construction and already we have the funds for the.... Read more »

Posted on : Wednesday , 30th March 2016

Garba Shehu, the Senior Special Assistant to President Muhammadu Buhari on Media and Publicity, on Sunday said the Federal Government had set aside N3 trillion for projects in 2016.   Mr. Shehu disclosed this while speaking with newsmen on the sidelines of a dinner held to celebrate the child dedication of Paul Ibe, the Head of the Atiku Media Office in Abuja.   According to him, the government of President Buhari will make sure.... Read more »

Posted on : Tuesday , 29th March 2016