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Russia Allocates Land For New Ghana Embassy Complex

Embassy_of_GhanaBy Kester Kenn Klomegah

MOSCOW, October 23, 2015 (Buziness Africa) -- After several years of diplomatic negotiations, the Russian Government has finally transferred the certified and registered land ownership documents on the 1.5 hectare plot of land allotted for the construction of the Ghana Embassy complex in Moscow to the Government of Ghana.


Read more... Sunday, 25 October 2015 09:33
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Russia's Lukoil pulls out of Sierra Leone

Lukoil1-236x300By Kester Kenn Klomegah

MOSCOW, October 10, 2015 (Buziness Africa) -- Lukoil, Russia's largest private oil company in the world, has pulled out of the oil and gas exploration drilling project (development of block SL-5-11) that it began in Sierra Leone, Buziness Africa has learned from both local and foreign sources.

Read more... Saturday, 10 October 2015 09:19
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China to Cooperate With Africa On Building Infrastructure Networks

EthTrainADDIS ABABA, Ethiopia, Sept 30, 2015 (Buziness Africa) -- China said that it would work with Africa on the construction of three major infrastructure networks, namely high speed railway, aviation and road highways. Foreign Ministry spokesperson Hong Lei made the remarks when commenting on a Chinese-built rail project in Addis Ababa, Ethiopia, in September, 2015.

Read more... Wednesday, 30 September 2015 12:36
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Ethiopia: Ukrainian Colossal Car Maker Joins the Local Assembly Business

By Birhanu Fikade

ADDIS ABABA, Ethiopia, September 29, 2015 (The Reporter) -- Nigma Motors PLC, a joint venture formed with the local Nigma Agro-Industry PLC and the Ukraine-based car maker Zaporiziha Automobile Building Plant (ZAZ) Company, has set up an assembly plant in the capital.

Read more... Tuesday, 29 September 2015 12:33
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East Africa Eyes Chinese Infrastructure Devt Funding

MapEastaBy Kenneth Agutamba

KIGALI, Rwanda, Sept 25, 2015 (The New Times) -- East African ministers will, next month, head to Beijing for the annual Africa Power and Infrastructure Forum (AIPF) where they are expected to attract more Chinese investors into financing regional projects, including the proposed multi-billion dollar standard gauge railway.

Read more... Friday, 25 September 2015 14:31
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Zimbabwe Seeks U.S $1,8 Billion Gap Loan

Mugabeth_1HARARE, Zimbabwe, Sept 18, 2015 (Zimbabwe Independent) -- The Zimbabwean government has an uphill task to raise US$1,8 billion from financial institutions or development partners across the world by year-end as part of efforts to unlock fresh funding from the International Monetary Fund (IMF), World Bank and the African Development Bank (AfDB), businessdigest has learnt.

Read more... Friday, 18 September 2015 14:25

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