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DRC ready to push ahead with Inga 3 project

The Democratic Republic of Congo plans to start work in 2018 on the frequently delayed Inga 3 hydropower project, after receiving a joint bid from two previously competing groups of investors. A treaty signed in 2013 provided for the Inga 3 plant to export 2,500MW of the 4,800MW of the power produced to SA. About […]

African borrowing gets smarter

By Thomas Collins Akinwumi Adesina, President of the African Development Bank (AfDB), recently revealed that Africa’s annual infrastructure gap now stands at as much as $170bn. For many this will come as a shock. Only last year the bank projected a figure of $90bn – almost half. As Africa’s population booms – Nigeria for example will […]

Google’s next A.I. research center will be in Africa

By Justina Crabtree Google will open an artificial intelligence (AI) research center in Accra, Ghana, later this year, its first on the African continent. Other African cities including Addis Ababa, Kigali and Lagos have also been pushing their credentials as tech hubs. Ghana likely appealed to Google because of its high quality education system and […]

AMBITIOUS Zimbabwe is trying to transform itself into a leading tech hub with China’s help

There’s a quiet buzz in Zimbabwe right now for the opportunity of informational and communications technology might have as a transformational impact on the beleaguered economy. The southern African country, which has one of the highest literacy rates in Africa, is looking to China to help building capacity and technological know-how to build one of […]

Ethiopia opens airline and telecoms to private, international investors

By Bukola Adebayo Ethiopia is opening key economic sectors, including the state-owned Ethiopian Airlines and state-run telecoms, to local and international private investors. The privatization drive comes at a time when Ethiopian Airlines, Africa’s largest carrier, is making big plans to expand into other markets in Africa and to include more international destinations. Ethiopia’s ruling party, […]

Sylva plotting to destabilise Bayelsa, govt alleges

By Mike Odiegwu Bayelsa State Government has accused the state leader of the All Progressives Congress (APC) and former Governor Timipre Sylva, of sponsoring acts capable of destabilising the state. The government in a statement signed on Wednesday by the Special Adviser on Security, Dr. Boma Spero-Jack, claimed that Sylva was bent in causing crisis […]

CEO of Africa’s biggest fund manager is said to face suspension

Daniel Matjila, the chief executive officer of the Public Investment Corp., will be probably be suspended while his role in several questionable investments by Africa’s biggest money manager is investigated, according to three people with knowledge of the matter. The Pretoria-based PIC manages South African state-workers’ pensions and oversees assets worth 1.9 trillion rand ($151 […]


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