Market News
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A US$ 70m iron sheet factory opened in Kenya
Posted on :Friday , 3rd July 2015
A US$ 70m iron sheet factory has been inaugurated in Kiambu County, Kenya by Devki Group. The new factory is projected to be able to produce 300,000 tonnes of iron sheets in Kenya annually.
The development which is under the group’s affiliate, Maisha Mabati Mills Ltd, is the largest of its kind in Africa set to produce long lasting roofing sheets coated . . .Top Japanese firms set to land deal & construction agreement with Africa
Posted on :Friday , 3rd July 2015
Top Japanese firms are set to land Egypt’s US$45 Billion city construction that will kick off in few months time.
According to the Egyptian government sources six Japanese firms are likely to implement Egypt’s new city project.The country’s daily Amwal Alghad said that the deal between the government and the Japanese firms offer is currently on its. . .Africa: Damietta furniture manufacturing hub to be constructed
Posted on :Thursday , 2nd July 2015
Africa's Trade and Industry ministry is set to construct a world class furniture manufacturing city in Damietta which is located towards the Mediterranean Sea. According to Egypt’s minister for trade & industry Mounir Fakhry Abdel Nour the project which is located 15km from the Mediterranean Sea, and 200km north of Cairo will span an area of 1.4sqm (331 feddan; 1 feddan = 0.42ha. . .
Kenya: City Hall to Raise Sh500 Billion for Urban Renewal Project
Posted on :Thursday , 2nd July 2015
Nairobi - Nairobi County Government is seeking to raise about Sh530 billion through a Public Private Partnership (PPP) to undertake its urban regeneration and renewal projects within the city.
Speaking during an investors briefing on Wednesday morning, Governor Evans Kidero indicated that the project will consist of three phases which will involve the redevelopment of old housing. . .African states sign cyber-security deal
Posted on :Thursday , 2nd July 2015
Uganda, Kenya and South Sudan are among several African states to have signed a new deal on cyber security to protect multi-million-dollar oil and transport projects.
Presidents Yoweri Museveni of Uganda, Paul Kagame of Rwanda and Uhuru Kenyatta of Kenya signed a memorandum of understanding on cyber security at the 10th Northern Corridor Integration Summit in the Ugandan capital,. . .Please Select an Option
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