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New Shopping Complex for Ramotswa

New Shopping Complex for Ramotswa

Residents of Ramotswa are zealously awaiting development of a new shopping complex in their village. The owner of the company in charge of the project, Mr Tshepang Olivens addressed the villagers in the main kgotla recently Mr Olivens said the 2.2 hectares shopping complex was going to be located in Magope near South East District […]

Libya Oil to Expand Its Investment in Ethiopia

Libya Oil to Expand Its Investment in Ethiopia

Libya Oil Ethiopia Limited, a subsidiary company of the Libya Oil Holdings Ltd, is to expand its investment and business in Ethiopia. Two weeks ago the corporate management of Libya Oil Holdings held a week long meeting at Hilton Addis Ababa. The senior management team members came from the headquarters of the company, which is […]

Nigeria’s Richest Man, Aliko Dangote, To Build A Cement Plant In Zimbabwe

Nigeria’s Richest Man, Aliko Dangote, To Build A Cement Plant In Zimbabwe

Africa’s richest man, Nigerian Aliko Dangote, said on Monday he would build a cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment. The billionaire, whose business empire includes Dangote Cement, also told journalists after meeting Zimbabwe Vice President Emmerson Mnangagwa that he aimed to invest in […]

China signs A $4.3bn Deal With Africa’s Richest Man, Aliko Dangote

China signs A $4.3bn Deal With Africa’s Richest Man, Aliko Dangote

A Chinese state-owned engineering company has signed a deal worth $4.3bn (£2.8bn) to build factories for a Nigerian cement company run by Africa’s richest man, Aliko Dangote. China’s Sinoma will build seven plants across the continent and one in Nepal. The new factories will add around 25 million tonnes to the firm’s existing cement capacity […]

The Rapidly Developing African Economies Have Caught The Eye Of Investors

The Rapidly Developing African Economies Have Caught The Eye Of Investors

The rapidly developing economies of Africa have caught the eye of numerous property investors, according to the Knight Frank Report 2015. The continent is no longer viewed as a region of economic and industrial hardship, but as one of opportunity and potential prosperity. Following almost a century of commercial inertia, Africa’s economy began to accelerate […]

Things Are So Bad In Zimbabwe That Mugabe Has Started Begging His Enermies For Assistance

Things Are So Bad In Zimbabwe That Mugabe Has Started Begging His Enermies For Assistance

ZIMBABWE President Robert Mugabe said Tuesday that he welcomed western re-engagement in his country’s economy, the first such statement in a decade and a half of strained relations with the U.S. and Europe. Giving his State of the Nation address in the capital, Harare, Tuesday, Mugabe, 91, also called for strengthening of ties with multilateral […]

Gilgel Gibe III On a Trial Electric Power Production

Gilgel Gibe III On a Trial Electric Power Production

The largest hydropower plant in Ethiopia, Gilgel Gibe III, started trial electric power production on Tuesday (August 11, 2015), announced the Ministry of Water, Irrigation and Energy. The dam begins trail production since it stored water that enables the production, Alemayehu Tegenu, Minister of Water, Irrigation and Energy told the press. When the trail is […]

Uganda Pledges to Make Thousands of Hybrid Cars

Uganda Pledges to Make Thousands of Hybrid Cars

By 2018, Uganda’s planned automotive industry will be making 7,000 hybrid cars a year, says Paul Isaac Musasizi, acting CEO of the state-run Kiira Motors Corporation (KMC). The petrol and electric car, called the Kiira SMACK, will have five seats, a top speed of 180 kilometres an hour and will be able to travel 50 […]

Nigeria’s Lagos Is A Booming City And Is Now Africa’s Largest metropolis

Nigeria’s Lagos Is A Booming City And Is Now Africa’s Largest metropolis

Lagos is a booming city. Nigeria’s economic and cultural capital is now Africa’s largest metropolis with a population of more than 21 million, but its streets are chaotic and its slums expansive. Lagos sees itself as the next African metropolis, but can it do so sustainably? The answer, some say, lies along the coast. One […]

President Sirleaf Dedicates Cassava Processing Center – Lauds Welthungerhilfe, EU

President Sirleaf Dedicates Cassava Processing Center – Lauds Welthungerhilfe, EU

President Ellen Johnson-Sirleaf has congratulated Welthungerhilfe and the European Union for the significant effort made to construct Cassava Processing Center for the people of Kormah Town, Bomi County. Speaking at the turning over ceremony of the Cassava Processing Center to the people of Kormah over the weekend, President Sirleaf said, “I thank our partners and […]

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