In Nigeria, major cement producers are strongly funding new projects in an effort to increase their installed production capacity by an additional 24.5 million metric tons per annum. According to Vanguard, expansion projects by Dangote Cement, Lafarge Africa and BUA Group, will bring their total capacity from 31.25 million metric tons per annum to 53.75 million metric tons by the end of...

The Nigerian Maritime Administration and Safety Agency (NIMASA), has revealed plans to disburse over $100 million Cabotage Vessel Financing Fund (CVFF), to local ship owners at a single digit interest rate. The CVFF is a new initiative approved by the government this year, to encourage indigenous ship owners to participate in domestic and international shipping trade. The Minister of...

Morocco is willing to use the planned single ECOWAS currency. This was announced yesterday by the president of ECOWAS Commission, Marcel De Souza (photo), while visiting the capital city of the Cherifian kingdom. “Morocco is ready to adhere to the use of a single currency the day it will be adopted by the ECOWAS,” reads a letter from King Mohammed VI cited by M. De Souza. The announcement...

In an interview with news website Burkina 24, managing director of the single land office of Ouagadougou, Ousmane Zoungrana, recalled of the importance of land title in securing property. According to the official, land owners holding a dwelling permit (PUH) or a provision certificate should proceed to the necessary administrative formalities to obtain a title which is the only document proving...

In Congo, the new minister of land affairs and State domains, Pierre Mabiala (photo), announced on August 28 upon taking office in Brazzaville that “he will go after all those occupying public lands anarchically”. “Land and State domains management must be better handled as this would help diversify the economy. It must be done regularly and efficiently. We will do so to deal with anarchic...

In Togo, the theater hall of the ministry of culture will be rehabilitated by the European Union for FCFA200 million. The related agreement was signed August 28, 2017, by the minister of communication, culture, youth and civic training, Guy Madje Lorenzo and EU’s ambassador near Togo, Nicolas Berlanga Martinez. The rehabilitation is great news for actors of the Togolese cultural industry,...

Vice President, Yemi Osinbajo (photo) will later today, Tuesday, August 29, inaugurate a 60,000 metric tonnes fertilizer plant located in Edo State, Southern Nigeria. The plant, which had remained dormant since commissioned on March 22, 2003, was rehabilitated by WACOT Limited in collaboration with Edo state government, under the presidential fertilizer initiative. The initiative aims to achieve...

The Nigerian National Petroleum Corporation (NNPC) has called for a deeper collaboration with India in terms of expertise and state-of-the-art medical equipment to revive 52 clinics across the country. This is in line with the state-oil company’s plans to diversify into the health care sector. The Group Managing Director of the NNPC, Maikanti Baru (photo), made this proposition last week...

The Nigerian Stock Exchange (NSE) on Tuesday said it has launched a N500 million ($1.4million) state-of-the art Data Centre in line with its tradition of pioneering extensive innovations within the Nigerian Capital Market. With the new data centre, the Lagos bourse can now offer secure cloud services to both market operators and companies interested in having a low-cost, highly available service...

The $1.29 billion 700MW hydroelectric power plant in Zungeru, Niger State, is 47% complete, according to CNEEC-Sinohydro Consortium, the Chinese firm handling the project. The deputy project manager of the company, Xiao Nie, who disclosed this to press in Abuja last week, said that the plant was expected to be completed in 2020. He explained that the project comprises of four units of 175mw...