Market News
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The constructed 650MW Gas power Plant in Egypt goes Online
Posted on :Tuesday , 1st September 2015
The constructed 650MW gas power plant in Egypt has started going online in just 159 days after its ground breaking ceremony.
The gas power plant in Egypt that recently completed its construction is the first fast-track natural gas–fired project as it was being carried by two bodies one being Siemens and Egyptian firm Elsewedy Electric near the city. . .
Bamburi Cement net profit nearly doubles in first half
Posted on :Monday , 31st August 2015
A boom in construction and foreign exchange gains has helped Bamburi Cement’s net profit almost double for the six months to June. The cement manufacturer reported an 86 per cent leap in net profits to Sh3 billion, with the management projecting an even better second half.
The company, which is controlled by France’s Lafarge, attributed the strong perfor. . .
Construction of Standard Gauge Railway in Kenya almost complete
Posted on :Monday , 31st August 2015
The Standard Gauge Railway in Kenya which is being constructed by China Road and Bridge Corporation is almost complete; this is according to the external manager Julius Ling.
Mr. Ling said that the Standard Gauge railway in Kenmya is 50 per cent complete and the first locomotive to use the railway between Mombasa and Nairobi is expected at the Port of Mombasa . . .
Kenyans call for builders
Posted on :Monday , 31st August 2015
Stakeholders behind a $US25 billion mega project in East Africa will today call on WA companies to bid for work on the Lamu Corridor in Kenya, as they seek to overturn fears about corruption in the country.
Due to speak at today’s East Africa Oil and Gas Conference in Perth, Silvester Kisuku, chief executive of the LAPSSET Corridor Development Authority,. . .
East Africa gets new cement plant
Posted on :Friday , 28th August 2015
A 600,000 tonne capacity Cimerwa Cement plant has been inaugurated in Rwanda at the cost of US$170mn
cementThe plant has been built in the Muganza sector of the Rusizi district in western Rwanda.With the current cement demand being 450,000 tonnes annually, the new plant is expected to cater to the growing demand. Surplus will be exported to neighb. . .Please Select an Option
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