Market News
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Construction of buildings to be completed within five years
Posted on :Thursday , 27th August 2015
Property developers and individuals building homes will have to complete construction within five years or face penalties under a new law proposed by the government.
The Physical Planning Bill, 2015 say the five-year period will start once an investor is issued with a development permit. This will be a blow to those who prefer to build in stages and will. . .
Ethiopia moots plan for cement
Posted on :Tuesday , 25th August 2015
ADDIS ABABA, Ethiopia - Industrial Projects Service (IPS), a state-owned consultant has won a contract from Messebo Cement to conduct an assessment of the cement market around Addis Ababa.
According to a statement it wants to explore the feasibility of opening a grinding plant where semi-processed clinker from Tigray will be processed to produce cement. . .
Rwanda to Export Cement As New Plant Boost Production
Posted on :Tuesday , 25th August 2015
Rwanda's only cement manufacturer CIMERWA Ltd, yesterday, unveiled a new plant expected to increase production and boost export revenues.
The new state-of-the-art plant in Muganza Sector, Rusizi District, was inaugurated by the Prime Minister, Anastase Murekezi.The factory, worth $170 million, has the capacity to produce six times the. . .
East Africa\'s geothermal power generation to grow by 1000mw
Posted on :Monday , 24th August 2015
Ethiopia geothermal power generation is set to grow after the country signed a power purchase agreement with Berkley Energy which is a Kenyan linked company that will see 1,000MW of energy being generated.
The signing was done by Azeb Asnake, CEO of Ethiopian Electric Power (EEP) and Edward Njoroge, one of the investors from Berkeley Energy.. . .
Constructed Ngong wind power plant in Kenya
Posted on :Monday , 24th August 2015
The constructed Ngong wind power plant is to be commissioned in Kenya by Kengen in a bid to boost the renewable sources contributions to the national grid. It is hoped that the move will help in meeting the vision of generating 5,000MW of power by 2018. The construction of the wind power farm was expanded as a way of scaling up energy sources as the country looks to green energy.
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