Africa: Chinese engineering firm takes charge of US$ 1.5 billion port expansion project in Ghana

President John Dramani Mahama, of Ghana who performed the commissioning ceremony, was hopeful the project would position the Tema port as one of the leading ports in turn-around time and capacity in Africa. “Government’s vision has been to position the ports of Ghana as the trade and investment gateway to the West African sub-region. I have never hidden my vision […]

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Hotels: Carlson Rezidor on Track to achieve More than 23,000 Rooms in Africa

An accelerated African growth strategy for Carlson Rezidor one of the world’s largest hotel groups, is on track to achieve its target of more than 23,000 rooms open or under development in Africa by the end of 2020. Rezidor’s President and CEO, Wolfgang M. Neumann, who is a speaker at the Africa Hotel Investment Conference in Kigali, Rwanda, says the […]

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Only 10% of privatised companies in Nigeria are functional

For 11 years, it was alive as though a living dead. The decision to privatise it changed the fortune of Eleme Petrochemicals Limited. Ten years after its acquisition, a $1.4b fertiliser plant and a $130 million export terminal have been added to the once-moribund empire. OLUKOREDE YISHAU writes on the transformation , which has shown that if well done, the […]

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