Investments & Projects

The Federal Government has started wooing potential investors for its 2,100 hydro megawatts power projects to boost power generation, transmission and distribution across the country.

The government of Ghana has recently revealed that they will launch a partial tax exemption policy to eliminate taxes from some multinational companies or mining firms to attract foreign investment.

It is reported that the African Development Bank Group (AFDB) and the Moroccan Agency for Solar Energy (MASEN) have recently reached a cooperation and hope to launch the "Desert to Power" program.

Recently, according to Moroccan Minister of the Interior Abdelouafi Laftit, the government will approve 116 public land projects this year.

According to the report, Moroccan government plans to launch two development projects in the Dakhla-Oued Eddahab region and Bir Genduz in Aousserd province in Western Sahara.

The Industrial Development Corporation (IDC) Board has approved to inject an investment of $850 million into rail infrastructure.

According the report,Moulay Hafid Elalamy,Minister of Industry made a speech at the meeting. He gave details about the sectors the government will invest in and the forecasted job positions.

The Federal Government sets up a power project in Lagos with a capacity of 1.5 megawatts.

The Reserve Bank of Zimbabwe (RBZ) last week released over $10 million to the manufacturing sector to address the shortages of basic commodities and wanton price increases.