Market News

  • 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.

    Chinese firms to construct the new US$ 700m Gebba River Dam, Ethiopia

    Posted on :Tuesday , 16th September 2014

    The Ethiopian Government has awarded a contract for the construction of a new Gebba River Dam. The cost of the contract is US$700m. It will be built along Gebba River, near the border of Jimma and Illubabur zones of the Oromia Regional State.

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