Zijin Mining Group of China has struck a $1 billion deal to acquire Newmont Corporation’s gold project in Ghana, a transaction that underscores China’s growing influence in the global mining sector. The acquisition involves Newmont’s Ahafo North project, a major asset located in the Ashanti region, part of Ghana’s richContinue Reading
In a year-end address, Elias Monage, president of Seifsa, highlighted the need for ongoing stabilization of electricity supply to attract investment for growth. He emphasized the importance of addressing fundamental issues in water, freight logistics, crime, and visa administration, stating, “These are the elementary elements of a viable economy.” MonageContinue Reading
The bigger the reputation for quality, the bigger the chance that competitors will want to take advantage of that reputation. While this situation is usually more associated with designer fashion brands, you may be surprised to learn that such challenges are also faced here in Africa in the world ofContinue Reading
The Osun State Government, on Thursday, said there is no Jupiter that could prevent it from recovering N3.2 billion in taxes, the Federal Government refuses to remit to the purse of the state government. The state government which threatened to take all necessary steps to recover it said, the unremittedContinue Reading
The construction industry’s role in exacerbating climate change through increased global warming and carbon emissions is undeniable. This challenge is further aggravated by the ongoing urbanization driven by a rapidly growing global population. As the population rises, so does the demand for construction, amplifying the industry’s impact on both economiesContinue Reading
Four global and local alliances have submitted their financial and technical bids to the Egyptian National Railways (ENR) for a $285 million renovation project of the 69-kilometer Al-Rubiki-10th of Ramadan-Belbeis railway line, three unnamed government sources told Asharq Business. The first alliance includes France’s Alstom, Concrete Plus, and Egypt’s RowadContinue Reading
The Nigerian government has initiated discussions with Libya regarding a potential gas pipeline construction project linking the two countries. This development was revealed by the Minister of Petroleum (Gas), Ekperikpe Ekpo, during a meeting with Libya’s Minister of Oil, Dr. Khalifa AbduAlsadik, on the sidelines of the 2024 Gastech ExhibitionContinue Reading
WEC Water, a South African engineering, procurement, and construction company, completed building a new multi-stage water treatment plant at Kasane in Botswana. This new plant will provide safe drinking water to the local communities.This new water treatment plant produces 16 Ml (16 million litres) of potable water per day for theContinue Reading
The newly appointed Public Works and Infrastructure Minister, Dean Macpherson, has rightly called for a “new vision and reality” to rebuild the country’s foundation through coordinated infrastructure development to unlock new economic opportunities. The Minister recently announced the establishment of an Infrastructure Advisory Committee, underscoring the need for strategic investmentsContinue Reading
Lagos, Nigeria | 19 August 2024: The construction industry in Nigeria is anticipated to grow at a CAGR of 2.4% between 2024 and 2028 (Source: ABIQ), thanks to the government’s focused infrastructure development strategies and support. Prioritizing economic development, public and private investment in the housing sector, and strengthening external demand,Continue Reading
