VENTURES AFRICA- American multinational conglomerate General Electric (GE) has signed a memorandum of understanding (MoU) with the Ghana government to build a 1000 megawatts power plant in Ghana. Information released by Ghana’s Energy Ministry disclosed that the power plant, which is expected to be completed over the next five years, will enhance the country’s current [...]

VENTURES AFRICA – South Africa and the rest of Africa’s middle classes now prefer fast-food eateries more than proper restaurants and home cooking. This emerged when Famous Brands, the JSE-listed food retailer, late on Wednesday said its franchise sales have surged 16.8 percent for the quarter March to May this year. This included a 16 [...]

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 [...]