The International Finance Corporation, global financial management services giants, has signed an agreement with the Enyimba Economic City to market the project to the global market. Chibuzo Chiemela Ekwekwuo, the company secretary and legal adviser of Enyimba Economic City, disclosed this at Government House, Umuahia while making a presentation on the project to a group …
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The African Development Bank (AfDB) has called for the constriction of an economic bridge to link Nigeria and Democratic Republic of Congo (DRC) to unlock potentials in the two countries for the development of Africa. The AfDB President, Mr Akinwumi Adesina made the call when he hosted DRC’s president, Felix Tshisekedi at a breakfast meeting with Nigerian investors in Abuja on Saturday.
In line with his administration’s commitment to the speedy industrialisation of Delta State, Governor Ifeanyi Okowa has assured prospective investors in the Kwale Industrial Park of quick return on investment. Okowa gave the assurance in Asaba, the state capital, when the management of Temple Energy and GasInvest, joint consultants to the project, briefed him on the level of progress made.
A new trove of leaked documents from a Mauritius-based firm suggests that other African countries may be losing massive amounts of tax revenue as investors use the island nation’s attractive tax regime and the creation of shell companies to anchor investments elsewhere on the continent.
African Infrastructure Investment Managers (AIIM), has announced the final close of its flagship pan-African infrastructure fund, AIIF3. The fund raised $320 million from a diverse investor base across Africa, Europe and Asia.
The director of MIXTA Africa, Mrs Sade Hughes has called on federal government to assist developers and investors involved in property development in the provision of infrastructure at the sites.This is even as she noted that developers currently pay for infrastructure 100 percent without intervention from government, adding that investors ended up constructing roads, sewage lines and electricity.
The Construction and Civil Engineering Senior Staff Association (CCESSA) has drawn the Federal Government’s attention to the challenges facing construction workers. In a statement by its National President, Comrade Isaac Egbuhara, the union said there is a need for the government to pay closer attention to activities in the industry, especially when the unemployment rate in the country is very high.
The construction of US $180 million brewery plant in Mozambique is on track despite the late start of the ambitious project by beverage company Cervejas de Moçambique’s (CDM’s). The late start and constraints saw geotechnical specialist Franki Africa make efforts to ensure partial handover of the foundations and lateral support to allow the main contractor progress with construction works.
Prof. Charles Inyangete, Chairman, Innovative Risk and Investment Solution says the challenge of affordable housing can only be addressed by a comprehensive urban plan that will sustain new communities. Inyangete said this on Thursday while delivering a paper on “Addressing Housing Demand in the Face of Growing Joblessness and Income Inequality’’ at the on-going Abuja International Housing Show.
A high end property developer, LandWey Group, has indicated plans to begin the construction of a 28-floor, coastal shoreline, mixed-use high rise property at the Eko Atlantic City. A groundbreaking ceremony will hold at the emerging new city on October 1. Speaking about this monumental project yesterday, the Chief Executive Officer (CEO) and Founder of the LandWey Group, Olawale Ayilara, said the project, which would be known as “The Audacity Skyline,” would sit on 3,500 square metres inside the Eko Atlantic City.