Market News

  • Eren Holdings to invest in a new cement production plant in Cameroon

    Posted on :Friday , 19th September 2014

     

     
    CEO of Turkish Eren Holdings has signed an investment agreement that will see the company undertake a new project, involving construction of a new cement production plant in Cameroon. The agreement was signed last week between the CEO and government of Cameroon.
     
    The new cement plant will be constructed by Eren, through its local. . .

  • Construction of Nairobi s tallest tower now awaits court s approval

    Posted on :Friday , 19th September 2014

     Construction of Hazina Trade Centre into what is to be Nairobi’s tallest tower has been stalled, pending a court ruling to be made in seven days. The project was being undertaken by the National social Security Fund (NSSF) at a cost of US$ 75m.

     
    The construction project had been challenged by Nakumatt Holdings, whose Nakumatt Lifestyle branch is housed in. . .

  • Zambia s US$259.3m Kazungula Bridge project kicks off

    Posted on :Friday , 19th September 2014

     

     
    Construction of the large Zambia’s Kazungula brigde has started after the ground-breaking ceremony was held on the Botswana side of the Kazungula border on 12th of this month.
     
    The ground-breaking ceremony was led by Vice –President Guy Scott and his Botswana counterpart, Ponatshego Kedikilwe. The former urged the con. . .

  • US$ 331m to be spent on road network expansion in Ethiopia

    Posted on :Wednesday , 17th September 2014

     The Addis Ababa City Roads Authority (AACRA) has set aside US$331m for roads in the Addis Ababa city, Ethiopia. The city of Addis Ababa presently has a road network covering 4671km, which is expected to be increased to 5275km.

    Egypt to tender five US$ 2.8 b new technology parks project

    Posted on :Tuesday , 16th September 2014

     The government of Egypt has unveiled plans to tender five projects to construct modern technology parks across the country at an estimated US$ 2.8 b to boost its revenues. This follows planned issuance of a unified landline and mobile telecoms licenses.

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