Market News
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Egypt hires German firm for Suez Canal construction work
Posted on :Monday , 24th November 2014
The engineering division of the Egyptian armed forces has announced that Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal project, in a US$8 billion project of expanding the waterway and through which the government seeks to raise more revenues and foreign curre. . .
Africa bets on road, rail and port projects for growth
Posted on :Wednesday , 19th November 2014
When Dr Donald Kaberuka took over as president of the African Development Bank (AfDB) in 2005, one of his first acts was forming a little-known task force that would define the Bank’s agenda in the next decade.
Bua to set up US$500m cement plant in Nigeria
Posted on :Friday , 14th November 2014
Bua Group International is planning to invest in a new cement plant that will be expected to have 3Mt/yr of production capacity. The new cement plant will be constructed in the Okpella, Edo State and is expected to be ready for commissioning in February 2015. After commissioning, the new cement plant will incre. . .
Kenya: Tarmac road to be built in Lodwar
Posted on :Friday , 14th November 2014
Work on a six-kilometre tarmac road in Lodwar has begun and is expected to be completed in the next nine months.
Kenya to upgrade Moi International Airport at the cost of US$66m
Posted on :Friday , 7th November 2014
The French Agency for Development (AFD) has signed a US$66m deal that will see the Moi International Airport in Mombasa being upgraded.
The loan will be used by the Kenya Airports Authority (KAA) to renovate airside pavements, airfield ground lighting and to upgrade the water and power supply to the airport. This is in a bid to keep the airport at recommended . . .Please Select an Option
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