Category: Project
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Bank admits withholding Sh294 million loan from Tuju’s Karen villas project
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An official at the East African Development Bank has admitted that the bank has not disbursed part of the loan taken by former cabinet secretary Raphael Tuju. Mr David Odongo told Justice Alfred Mabia that the loan deal with Mr Tojo was in two tranches, with $9.1 million to buy…
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Pudgy Penguins firm secures $11m to build new L2 project
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Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, announced that it has raised $11 million in funding to build its latest blockchain project. Peter Thiel Founders Fund led the fundraising round, which Igloo says will include: Funding a new currency based on Ethereum (ETH) Consumer Layer 2 solutions…
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Pudgy Penguins firm secures $11m to build new L2 project
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Igloo, Inc., the company behind the non-fungible token Pudgy Penguins, announced that it has raised $11 million in funding to build its latest blockchain project. Peter Thiel Founders Fund led the fundraising round, which Igloo says will include: Funding a new currency based on Ethereum (ETH) Consumer Layer 2 solutions…
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Woodside Energy raises cost estimate for flagship Scarborough gas project (NYSE:WDS)
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AlexLMX/iStock via Getty Images Woodside Energy (New York:WDS) early tuesday Raise the estimated cost Shell has announced an increase in its share of development costs for its Scarborough natural gas project by US$500 million to US$12.5 billion, taking the company’s share of development costs to US$8.2 billion, with the increase…
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RED Mountain Resort in Rossland, BC Announces Major Expansion with New Summer Bike Park Project
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on July 22, 2024 •…
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Xpeng, Volkswagen set up project house to roll out new EV architecture By Reuters
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Chinese electric vehicle maker Xpeng (NYSE:) said Monday it has set up project houses for engineers in partnership with German automaker Volkswagen AG (OTC:) to accelerate the development of new electric vehicle architecture. The new facilities, to be built in the Chinese cities of Guangzhou and Hefei, will serve as…
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US to take ‘hard look’ at fighter project, top official says By Reuters
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By Tim Heffer FAIRFORD, England (Reuters) – The United States will closely examine its plans for the Next Generation Air Dominance platform – a future family of fighter jets and drones – before deciding whether to go ahead, U.S. Air Force Secretary Frank Kendall said on Saturday. The cost of…
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J.D. Vance’s Venmo shows ties to group behind Project 2025
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In recent years, public government officials’ Venmo accounts have brought a string of embarrassing news stories to a member of Congress, a Supreme Court justice, and even the current president of the United States. But despite these cautionary tales, Republican vice presidential candidate J.D. Vance has become the latest politician…
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24 varsity tutors graduate from Microsoft’s AI project
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About 24 lecturers from Kenyan universities have completed an AI training programme by the Microsoft Africa Development Centre (ADC). The 12-week programme, developed and delivered in partnership with Microsoft Leap trainers, benefitted lecturers from Zec University, Kabarak University, Multimedia University, Jomo Kenyatta University of Agriculture and Technology, St. Paul’s University,…
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Fluor secures contract for German battery plant project By Investing.com
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IRVING, Texas – Fluor Corporation (NYSE: NYSE:) has been selected to provide engineering, procurement and construction management services for the first phase of Northvolt’s lithium-ion battery plant in Heide, Germany. The contract is part of a larger $4.8 billion project, with Fluor’s share of the contract value not disclosed but…
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Montenegro PM falls victim to failed Terra Luna project
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Montenegrin Prime Minister Milojko Spajic personally invested in Do Kwon’s Terraform Labs cryptocurrency project years before the company collapsed, new US court filings reveal. Montenegro PM has invested in Terraform Labs According to to Bloomberg citing the court filingsSpajic invested in Terraform Labs, the company behind the failed Terra Luna…
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Montenegro PM falls victim to failed Terra Luna project
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Montenegrin Prime Minister Milojko Spajic personally invested in Do Kwon’s Terraform Labs cryptocurrency project years before the company collapsed, new US court filings reveal. Montenegro PM has invested in Terraform Labs According to to Bloomberg citing the court filingsSpajic invested in Terraform Labs, the company behind the failed Terra Luna…
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Cardano Founder Reveals The Crypto Project That Almost Overshadowed Ethereum
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Founder of Cardano (ADA). Charles Hoskinson It recently revealed a cryptocurrency project that nearly overwhelmed Ethereum (ETH) during… Its early stages. This revelation came on the heels of Hoskinson’s statements about his biggest fear when he was the Chief Executive Officer (CEO) of Ethereum. The crypto project that almost eclipsed…
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Cardano Founder Reveals The Crypto Project That Almost Overshadowed Ethereum
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Founder of Cardano (ADA). Charles Hoskinson It recently revealed a cryptocurrency project that nearly overwhelmed Ethereum (ETH) during… Its early stages. This revelation came on the heels of Hoskinson’s statements about his biggest fear when he was the Chief Executive Officer (CEO) of Ethereum. The crypto project that almost eclipsed…
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Australia’s largest bank shuts down stablecoin project: report
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National Australia Bank has reportedly halted development of its own stablecoin called AUDN just a year after such plans were first revealed. National Australia Bank (NAB), one of Australia’s four largest financial institutions, has quietly stopped work on its Ethereum-based stablecoin, with the team responsible for development reportedly leaving the…
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Australia’s largest bank shuts down stablecoin project: report
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National Australia Bank has reportedly halted development of its own stablecoin called AUDN just a year after such plans were first revealed. National Australia Bank (NAB), one of Australia’s four largest financial institutions, has quietly stopped work on its Ethereum-based stablecoin, with the team responsible for development reportedly leaving the…
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Galantas Gold Announces Completion of Trial Stoping Program at Omagh Gold Project, Northern Ireland
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 18, 2024 • 4 minutes…
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Galantas Gold Announces Completion of Trial Stoping Program at Omagh Gold Project, Northern Ireland
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 18, 2024 • 4 minutes…
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Blow as AfDB exits Nairobi waste power plant project on delays
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The African Development Bank (AfDB) has exited a multi-billion shilling renewable energy project in Nairobi’s Kibera slum due to repeated delays in the procurement of services to kick-start the project. The continental lender had in January 2018 awarded Asticom Kenya Limited a grant of $995,000 (Sh128.8 million at current exchange…