VENTURES AFRICA – Four West African countries will invest an estimated $4 billion on the construction of a railway line to boost intra-African trade, a source revealed yesterday. According to Ibrahima Cheikh Diong, the Founder and CEO of Africa Consulting and Trading in Senegal: “As we speak we’ve been mandated by four countries Burkina Faso, Niger, [...]

VENTURES AFRICA – Africa’s top copper producer, Zambia plans to double its electricity generation capacity to 2,800 megawatts (MW) within 5-6 years to ensure adequate supply of power to the country’s copper mines. The Director of Transmission Development at the country’s state-owned power firm Zesco, Mr Christopher Mubemba said this at a mining and energy [...]

VENTURES AFRICA – The United Kingdom (UK) government has pledged to establish a free port in the Western region of Ghana to facilitate the haulage and maintenance of ships and other machinery used in the oil exploitation areas of the country. This was announced by UK Prime Minister David Cameron during talks with his Ghanaian counterpart [...]

VENTURES AFRICA – Construction work at the $750 million Atuabo gas processing plant in the Western Region of Ghana has stalled due to lack of funds to pay contractors working on the project. According to report, state-owned Ghana National Gas Company (Ghana Gas), reportedly owes Chinese construction company, Sinopec, more than $400 million, resulting in [...]