Economic development
The African Development Bank, led by President Akinwumi Adesina, has inaugurated a new drinking water pumping station in Libreville, Gabon, ending a decade-long water crisis in the city. The initiative has ensured that more than 300,000 people, approximately 31% of Libreville's 967,095 residents, now have sustainable
Economic development
The Quad site on Winsford Industrial Estate, valued at £16 million, has been sold to Cube Asset Management on behalf of One Point Investments. The property consists of four units, totaling 239,568 sq ft of office space, and is home to four local employers. The sale, brokered by Legat
Economic development
The global siding and decking market is expanding steadily due to rising construction activity in residential, commercial, and industrial sectors. The market was valued at USD 60.3 billion in 2024 and is expected to reach USD 81.1 billion by 2030, driven by rapid urbanization and infrastructure development in
Economic development
Nigeria's Federal Government has taken a crucial step towards achieving sustainable growth and development by launching the Revenue Optimization and Assurance Project (REV-OP). This strategic initiative aims to address revenue leakages, enhance transparency, and drive economic development through a bold new framework grounded in transparency, efficiency, and digital
Economic development
The city of Nagpur in India is on the cusp of a significant development in the solar power equipment manufacturing sector. Following the inauguration of Avaada Electro's production facility last month, three more companies - Reliance Infrastructure, Waaree Energies, and Powerin Urja - are set to start operations
Economic development
The Africa Finance Corporation (AFC), the United Nations Industrial Development Organization (UNIDO), the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), and the Union of Arab Banks (UAB) have formalized a new strategic partnership under the Islamic and Arab Finance for Economic Transformation in Africa, the Arab Region and
Economic development
The African Development Bank's Post-Cyclone Idai Emergency Recovery Project, implemented through the United Nations Office for Project Services, has restored electricity access to over 300,000 people in Zimbabwe. The project, which included infrastructure upgrades and the supply of essential equipment, has revitalized businesses and improved the quality
Economic development
The Minister of Works, Senator David Umahi, has terminated the contract with Levant Construction Ltd, handling the reconstruction of Benin-Sapele-Warri Road (Section 1: Benin - Imasabor), over non-performance. The contract was being executed under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme. Umahi expressed disapproval over Levant'
Economic development
Sen. David Umahi, the Minister of Works, has ordered the termination of the contract with Levant Construction Ltd on the Benin-Sapele-Warri section 1 road due to their failure to meet contractual obligations. Despite warnings and notices, the contractor failed to respond, leading to the decision to terminate the contract. Conversely,
Economic development
Representatives of the African Development Bank Group have concluded a week-long high-level mission to Ghana, marking the institution's first major engagement with the country's new administration under President John Dramani Mahama. The delegation, led by Solomon Quaynor, the Bank Group's Vice President for Private
Economic development
Prime Minister Mostafa Madbouly witnessed the signing of a contract to establish an integrated industrial complex for the production of solar energy components in Ain Sokhna's industrial zone, part of the Suez Canal Economic Zone (SCZONE). The project will be developed by Chinese firm Sunrev Solar, with a
Economic development
Zanzibar lawmakers are calling for the government to prioritize industrial development by leveraging the islands' vast natural resources. They argue that domestic manufacturing can transform local produce into high-value goods, opening up local markets and enhancing foreign exchange earnings. The appeal comes as lawmakers debate the 2025/2026 budget
