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Net Consult Consulting Engineers & Architects PLC. is one of the Engineering Consultancy Service providers in Ethiopia, providing multi-disciplinary and integrated consultancy services on Engineering and Architectural design and construction supervision works. The company was established in Mekelle in the year 2000. ....
Ethiopiaâs debt: an economic and political liability May 16, 2021 But the economic headwinds are equally strongâand they have the potential to compound political dilemmas. As part of the state-led developmental project pursued by the Ethiopian Peoplesâ Revolutionary Democratic Front (EPRDF), most intensively after 2010, the government invested big, both directly and through state-owned enterprises (SOEs). While the injected capitalâmainly to finance infrastructureâ produced impressive economic growth, the model was heavily reliant on debt. The sustainability of this formula depends both on realizing returns that are higher than the contracted interest rates and securing foreign exchange with which to repay interest and principal. ....
Nigeria: Lagos Light Rail - 17 Years After, Failed Promises, Rot, Neglect Trail Project allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Lagos Light Rail: 17 years after, failed promises, rot, neglect trail project More than a decade since the construction of the Lagos Light Rail has commenced, it has failed to see the light of the day. 10 min read The poor state of the road, occasioned by the neglect of the 27km-long Marina-Okokomaiko section of the Lagos light rail project, mirrors the rot that is beneath the façade of “excellence” which successive governments in Lagos have continued to pride themselves with since 1999. While similar projects elsewhere have since been built and expanded beyond their original corridors, the Lagos light rail has suffered neglect after 17 years of failed promises. Again, apart from the accountability issue raised in connection with the discrepancies in the funding costs, the failure of the government to complete the rail project in almost two decades has had negative effects on the socio-economic life of Lagos residents. ....