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Africa-India trade multiplied in last 15 years: PM Modi at AfDB meet

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NEW DELHI: Prime Minister Narendra Modi on Tuesday said that "Africa is top priority for India's foreign and economic policy and there isn't a single African country which hasn't been visited by an Indian minister."
"India's partnership with Africa is based on a model of cooperation which is responsive to the needs of African countries," PM Modi said while speaking at the 52nd African Development Bank (AfDB) meet in Gujarat's Gandhinagar .

Readmore..... Tuesday, 23 May 2017 11:28
 
   

Urban road upgrading project kicks off in Rwanda

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Rwanda’s urban road upgrading project has commenced in the Kigali and is being undertaken by China Road and Bridge Cooperation (CRBC) and expected to improve the overall traffic situation in Kigali.

The road upgrading project is expected to be 54.56 kilometers where the investment is being done by China Export-Import Bank in form of preferential loan.

This initiative will efficiently enhance the road traffic capacity in the urban areas of Kigali and enable the local residents to travel effectively; it will also promote the development of tourism and eventually enhance the development of the local economy.

Kigali’s City Engineer Nkurunziza Alphonse confirmed the news and said that the project will improve traffic and other conditions of the city’s central business district, employment, public transport among other things.

Readmore..... Monday, 08 May 2017 12:23
 
   

South Africa unveils first locomotive to be manufactured in Africa

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Transnet which is South Africa’s rail company recently unveiled the first locomotive to be designed, engineered and manufactured in Africa, the Trans-Africa locomotive.

Transnet Chief Executive Officer, Siyabonga Gama confirmed the news and said that the new locomotive, which will be assembled at the company’s production facility in Koedoespoort, east of Pretoria, symbolized a crucial and vital step in its strategy of becoming a leading manufacturer and supplier of rolling stock in Africa.

Readmore..... Thursday, 06 April 2017 12:24
 
   

Century Power plans to construct 495MW power plant in Nigeria

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In West Africa, a Nigerian-based power generation company, Century Power has announced that it plans to construct a power plant in Nigeria that will produce 1,500MW of electricity, which will be fed into the nation’s power grid.

According to Media, the plant will be constructed in three stages at the Century Power Generation Plant in Okija, Anambra State, starting with 495MW, which is estimated to be finished in 2020.

Presently, the company’s managing director, Dr. Chukwueloka Umeh, contributed in a panel discussion held in the US, where he raised some of challenge facing the power sector in Nigeria.

Readmore..... Saturday, 01 April 2017 05:08
 
   

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