Africa, Needs 1.4 trln USD to Plug Affordable Housing Deficit

BY YESMAN ANTOH-   NEW AFRICA DAILY NEWS, Accra, Ghana- AFRICA NEEDS more than 1.4 trillion U.S. dollars funding to effectively address the affordable housing deficit, a pan-African housing development financier said here on Tuesday. The majority of African countries are facing a housing crisis as a result of high population growth, increased urbanization, poor urban planning, dysfunctional land markets, rising construction costs, proliferation of informal settlements, and underdeveloped financial systems, said Andrew Chimphondah, managing director and chief executive officer of Shelter Afrique. The firm’s research showed that the overall shortage of housing in Africa is estimated to be 56 million housing units. Out of this, he said, more than 90%, or 45 million units, are...

Zimbabwe Hwange 150MW Power Plant Construction Commences

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Zimbabwe Zinghxon Electrical Energy (ZZEE) has commenced construction of a 150MW thermal power station in Hwange that is set to push from behind power generation and induce economic growth in the region. The company, which is a daring journey between Zimbabwe and China, is prior runs a cooking plant in the district. The project began in February 2019 and is to be completed in three years time. Managing Director – Jun Wen Wang said, the project was being rolled out in two phases with the first stage involving the construction of a 2x25MW thermal power station, while the second 2x50MW unit will be added later. “We came here to develop Zimbabwe’s electricity economy. Six years ago this company came to Zimbabwe to...

Tanzania: Northern Region Registered $2Billion Projects from the Tourism Sector

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Tourism sector of Tanzania stands as the lead in the northern zone, having the most registered projects. The $2billion industry sector registered a total of 706 projects in Arusha, Kilimanjaro, Tanga and Manyara regions, between October 1997 and October 2017. For the past decades, Arusha has been in the lead of the pack, with the most tourism related projects. The region controlled a total of 535 projects, marshaled by Kilimanjaro with 97, Tanga registered 56, while Manyara had 18 to its name. The Tanzania Investment Center Zonal Manager in charge of the Northern Zone office, Daudi Riganda said, tourism had the cutting edge, thanks to the array of attractions found in the northern part of the country. “The zone...

Eritrea, Estimated 507,300 Lives in Exile

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Educational system in Eritrea deepens to conscript school pupils into military or government jobs, a news report says. Human Rights Watch distributed an 87 – page on Friday portrays Eritrean secondary education as a compulsorily enrolled machinery that subjects pupils to forced labor and physical abuse as they are groomed for indefinite government services. In spite of a peace deal with Ethiopia in July 2018 which gave hope for reform, the government – headed by President Isaias Afwerki since 1993 has not enacted meaningful changes in the system, the report said. The Horn of Africa country, home to nearly 4.5 million people, has previously been condemned by the United Nations for abuses that include extrajudicial...