Market News
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Africa: Cement newcomer Sephaku looking to expand trade market after stellar performance
Posted on :Tuesday , 30th June 2015
A “stellar” performance by cementation newcomer Sephaku Holdings’ Métier Mixed Concrete division has swung the group to a full-year net profit of R47.16-million for the 12 months ended March 31, positioning it to expand its market share in what has become a highly competitive domestic cementation market. The group achieved full-year revenue of R775.4-million and e. . .
Volvo launches new Construction Equipment for Africa
Posted on :Monday , 29th June 2015
Volvo Construction Equipment has announced the launch a new series of wheel loaders in Africa
Volvo launches new wheel loader for Africa The G Series has Z-bar linkage and increased hydraulic pressure for powerful digging and complete bucket fill. The G Series, which consists of three machines – the L120GZ, L60GZ, and L90GZ – will be released in Africa, as well . . .Deloitte bags multi-billion Kenyan construction consultancy contract
Posted on :Saturday , 27th June 2015
Under the terms of the contract, the consulting firm would undertake a feasibility study, prepare tendering documents and advise on procurement of the project on behalf of the Kenya Urban Roads Authority (KURA).
The second Nyali Bridge project is anticipated to connect Mombasa Island with the North mainland and ease congestion on the existing Nyali Bridge maki. . .Ethiopia, Chinese Company Sign U.S.$119 Million Deal for Infrastucture development to Kenya
Posted on :Saturday , 27th June 2015
Ethiopia signed a 119 million dollar deal for power transmission lines to Kenya to export the extra power.
"It is mandatory to export the energy that is leftover as we cannot keep it, because our existing electric transmission lines are working beyond their capacity and they cannot transmit the entire amount of energy we are producing," according to . . .Kenya: Cytonn Investment unveils Sh50 billion real estate project
Posted on :Friday , 26th June 2015
Speaking on Thursday in a press briefing, a day that also saw the company launch its property development affiliate- Cytonn Real Estate, firm’s Chief Executive Officer Edwin Dande, noted that 85 percent of the project would be low and medium housing. The remaining 15 per cent would be prime residential housing, which will also include the five-acre Amara Ridge gated community in Kar. . .
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