Market News
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Ethiopia to build biggest air cargo hub in Africa
Posted on :Tuesday , 2nd June 2015
Ethiopian Airlines’ drive to become a global carrier is to be supported by the construction of a world-class cargo terminal at Addis Ababa Bole International Airport.
The $98m terminal, which will be the size of five football grounds, is to be designed by German engineer Unitechnik Group.
According to Unitechnik, the new terminal will be able to handle 600,00. . .WB cooperates with Chinese firm to develop low-cost houses in Africa
Posted on :Tuesday , 2nd June 2015
NAIROBI - The World Bank's private sector arm, the International Finance Corporation (IFC), on Friday inked a new partnership with Chinese construction and engineering company to develop low-cost houses in three African countries.
IFC and CITIC Construction Co., Ltd will set up a joint venture and inject 300 million U.S. dollars to develop 30,000 homes in Kenya, Rwanda and Nigeri. . .A new player to enter cement production in Kenya
Posted on :Monday , 1st June 2015
Cement production in Kenya is soon to see a new entrant. A new cement grinding plant is set to be constructed in Western Kenya on a 50 acre piece of land. It is projected to produce 730,000 tonnes of cement every year and hence enhance the competition in the industry.
“The plant will have the capacity to increase cement production in Kenya by 2,000 tonne. . .Construction of a super highway linking Liberia and Cote d Ivoire set to kick off
Posted on :Monday , 1st June 2015
The construction of a super highway linking Liberia and Côte d’Ivoire is set to kick off and the project will be funded by the African Development Bank (AfDB).
According to the AfDB outgoing President, Dr Donald Kaberuka the project will start soon since they are currently evaluating on the budget that will be able to complete the project in the recommended time.China responsible for 31% of infrastructure projects in East Africa, says Deloitte
Posted on :Friday , 13th March 2015
Deloitte East Africa has released a report showing that China is responsible for building 31% of all infrastructure projects in East Africa in 2014. This went up as compared to the 19% in 2013.
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