The Federal Government yesterday signed a N45 billion ($390 million) deal with the World Bank for two important operations in the country's transport sector.
Rivers State Governor, Rotimi Amaechi and President of the Africa Finance Corporation, Austin Ometoruwa will proceed on a five day visit to China in order to advance talks on the $700 million Port Harcourt ring road project signed three months
Works and Power Ministries, which came under the Ministries of Transportation and Energy respectively in the dying days of former President Olusegun Obasanjo administration, will soon return as full-fledged ministries, THISDAY has learnt.
Before the recent attack on the Bonga oil field, an offshore oil rig operated by the Royal Dutch Shell, the story had been told several times of how the agitations in the Niger Delta region escalated. According to the reports,
The Liberia Electricity Corporation (LEC) has said it's netting about US$350,000 monthly as bills paid by customers. The Chairman of LEC Board, Ian Yhap, said the money is collected from about 800 subscribers who are benefiting from the corporation's power
Addax Petroleum Corporation said Monday it now produces 200 million barrels of oil per day from its operated Oil Mining Lease (OML123) located offshore Nigeria.
Port Harcourt city has been admitted into the World Energy City Partnership, thereby making it the third African city behind Luanda and Equatorial Guinea.
Sweden will contribute more than Sh70 billion while the government has allocated Sh3.862 billion for the implementation of an electricity transmission project from Makambako to Songea.
Japanese firm Kyocera has donated solar power generating systems to primary schools in Tanzania. Kyocera chairman Kazuo Inamori presented the donation certificate to President Jakaya Kikwete in Japan.
Following staunch opposition to the choice of Prof. Ibrahim Gambari as head of the steering committee of the proposed Niger Delta Summit of Stakeholders, the search for a replacement may have been narrowed down to four persons.
Belgium government has reportedly made an extraordinary offer to members of the Liberian Diamond Dealers Association (LDDA), accepting to issue one-year visas to Liberian diamond dealers to buttress their determination to transact between Brussels and Monrovia.
The government yesterday came under renewed attack in Parliament over dubious mining and power contracts it signed with investors, with the opposition camp pressing for complete exposure on the contracts.
Investments in research and development of projects in the Mozambican mining sector have been growing every year since 2001, and by 2007 the total invested had reached 686 million US dollars.
THE government criticised Anglo American SA's transformation efforts, accusing the mining giant yesterday of failing to appoint black CEOs and enough senior managers at its business units.
MAJOR operations at the Lumwana Mining Company in Solwezi have been suspended after fire swept through a 20MVA transformer and a 11kV substation, causing damage estimated to be in millions of dollars.
The Nigeria Telecommunications Limited (NITEL) will be sold to the best bidder in the fresh move to privatise the company, Vice President Goodluck Jonathan said yesterday.
