21 Aug 2017

Stakeholders want FG to adopt PPP for port infrastructure development

Stakeholder in the maritime industry have called on the Federal Government to adopt the public-private partnership (PPP) model for the development of port infrastructure in the country. The stakeholders made this call in Lagos at the second edition of the Taiwo Afolabi Annual Maritime Conference, a partnership between SIFAX Group

08 Aug 2017

LPG terminal to advance South African oil & gas sector

South Africa-based energy infrastructure company Sunrise Energy, has established an open-access liquefied petroleum gas (LPG) import and storage terminal, in Saldanha Bay, which will enable the import of LPG in large quantities. Engineering News reported that the R1.02 billion ($76 million) facility, which is Africa’s largest open-access LPG import terminal,

07 Aug 2017

Foreign investors wary of Nigeria’s inconsistent policies: Deloitte

Leading global professional services provider, Deloitte West Africa has revealed that its intervention in seven current investment transactions in Nigeria has shown most of the investors are wary of inconsistent polices by the Federal Government of Nigeria.  Speaking over the weekend at the Taiwo Afolabi Annual Maritime Conference, Head of

31 Jul 2017

World Bank awaits Katampe PPP Project, ICRC DG tells FCT minister

The Acting Director-General of Infrastructure Concession Regulatory Commission (ICRC), Mr Chidi Izuwa, on Sunday, disclosed that the World Bank was waiting for the success of the Katampe District Public-Private-Partnership (PPP) engineering infrastructure project as a model which it could spread round the world. According to him, “it is because of

28 Jul 2017

Nigeria to Partner Google in ICT training for youths – Shutti

Mr Adebayo Shittu, the Minister of Communications says the Federal Government will partner with Google to train the teaming technology savvy youths in various levels of ICT capacity development. Shittu said this in a statement by Mr Victor Oluwadamilare, the Special Assistant on Media to the minister, at the closing

27 Jul 2017

CMA CGM consortium ink deal for Port of Kribi

The consortium of Bolloré Transport & Logistics, the Chinese group CHEC and French ocean carrier CMA CGM have signed the concession agreement for the new container terminal in Kribi, Cameroon. Under the agreement, the consortium will manage the port for 25 years under a public-private partnership with the State of

Yemi-Osinbajo-The-Trent (1)
24 Jul 2017

FG to launch PPP contract monitoring website in bid for more transparency

The Federal Government said it is set to launch a contract disclosure portal which will provide information on contracts jointly entered into by public and private enterprises in the country at the end of August, 2017, in a bid for more transparency and accountability. This was disclosed by Chidi Izuwah,

Vials and Syringe
14 Jul 2017

Jamaica Cancer Drug Aims For Yearly US$250m Haul

Scientist and businessman Dr Henry Lowe is predicting annual sales of US$250 million, the equivalent of around $32 billion, from Cresorol, an anti-cancer drug made from marijuana. The product, which targets acute myeloid leukemia (AML) has been designated an ‘orphan drug’ by the US Food and Drug Administration, the FDA,

10 Jul 2017

‘Nigeria’s Zeal for Digital Transformation Will Boost the Economy’

Motorola, manufacturer of digital two-way radio communication devices, which allow communication between smartphones, radios, computers and even landlines, designed to address security and safety at workplace, has said that the zeal exhibited by present and past governments will enhance Nigeria’s economy in a most profitable way. Senior Sales Manager in

10 Jul 2017

R16bn Swazilink rail project being prepared for release as a PPP

Southern African railways utilities Transnet and Swaziland Railways have agreed to package the 146-km ‘Swazilink’ greenfield line between Lothair, in South Africa, and Sidvokodvo, in Swaziland, as a public-private partnership (PPP) and may release an international tender for a 20- to 25-year concession by October. The route for the R12-billion