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Ghana secures US $425m for developmental projects

The government of Ghana has secured US $425m from the UK for the implementation of various developmental projects in the country. The amount was acquired during the recently held United Kingdom (UK)-Africa Investment Summit as investment monies for projects including roads and water systems.

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Nigeria commence construction of 500 housing units in Borno State

Nigeria has commenced construction works of 500 houses in Maiduguri in Borno State. Borno State Governor, Prof. Babagana Zulum laid the foundation and said the government will invest US $14m towards the project.

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Free space for start-ups to collaborate as Google Developers Space opens in Lagos

Technology start-ups, developers and enthusiasts with a commitment to building the ecosystem now have free access to the Google Developers Space, a facility formally opened in Lagos this week.

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Blockchain becomes a part of everyday life in Kenya

Originating in an informal settlement in Mombasa, known as “Bangladesh”, the Bangla-Pesa enabled a small group of traders to work with a new currency. Now, not surprisingly, Kenya, considered the cradle of mobile payment, is at the forefront of the development of the blockchain. This technique is used to exchange goods, ensure product traceability, or […]

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The rise of data centres in Africa

Now and again, a new Information and Communication Technology (ICT) solution sees a combination of factors unite to create a ‘perfect storm’ of demand – one that is exacerbated by the various vendors’ inability to keep pace with it. One such industry is the multi-tenant colocation data centre market in Africa, which is poised on […]

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Uganda turns to Africa to grow tourism numbers

Uganda Tourism Board (UTB) has said it will bank on Africa as a way of growing the country’s tourism numbers. Speaking ahead of the Pearl of Africa Tourism Expo due Febraury 4-6, Ms Lilly Ajarova, the UTB chief executive officer, said Africa is one of the fastest growing tourism markets, after Asia and the Pacific […]

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EKO ATLANTIC SETS THE STAGE FOR POTENTIAL GREEN CITY STATUS WITH FIRST IFC EDGE CERTIFICATION

In what demonstrates a commitment to become the first green city in Lagos, Eko Atlantic City has secured its first-ever EDGE certification from the International Finance Corporation (IFC), a member of the World Bank Group.

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FG fiscal deficit soared to N4.7trn in 2019 says CBN

Data from the Central Bank of Nigeria show that the Federal Government has recorded a fiscal deficit of N4.62tn in its operations in the 2019 fiscal period.

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ONOMO Hotel Maputo opens in Mozambique

Situated in Mozambique, the property comprises 165 rooms, making it one of the largest hotels in the city. The three-star property houses its own sky bar and restaurant for guests also.

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Shelter Afrique features in top 100 financiers globally

The mortgage firm was recognised for its expertise in the financial market in the annual WorldFinance 100 awards published by the London based World Media News

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