Market News
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US$5bn given to Mozambique for infrastructure among other projects
Posted on :Thursday , 11th September 2014
Investment worth US$5bn was approved for three provinces in Mozambique. It was noted that the approved investments will help the North of Mozambique undertake several projects in agriculture, forestry, infrastructure, tourism, and hydrocarbon sector. The projects are aimed at creating opportunities for small, micro and medium-sized national companies. The projects are also expected to create 20. . .
US$ 110.54b secured for the Mombasa-Bujumbura highway
Posted on :Thursday , 11th September 2014
The African Development Bank (AfDB) has given Kenya a loan worth US$ 110.54b to construct Mombasa–Bujumbura highway that will link Kenya and Rwanda.
Branching off the Northern Corridor at Voi, the Mombasa–Bujumbura highway will stretch 1550 kilometers. The road will also connect the Central Corridor to Tanzania at Moshi. It will also cross Arusha and Sin. . .
Ethiopia plans Africa\'s biggest dam
Posted on :Saturday , 6th September 2014
Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
Dubbed the Grand Ethiopian Renaissance Dam, it will be Africa's biggest dam and will depend on water . . .
Acorn Group Kenya injects US$455m into a Real Estate project
Posted on :Saturday , 6th September 2014
Acorn Group Africa, a real estate firm in Kenya is going to inject US$455m into a real estate project that will see the firm construct shopping malls, commercial offices, residential properties and commercial hotels in Nairobi, Lukenya and Kitengela.
Tetra Tech signs US$25m contract for Phase 1 of Konza City
Posted on :Saturday , 6th September 2014
Tetra Tech Inc will oversee development of phase 1 of Konza city following the signing of a contract between them and Konza Technopolis Development Authority (KoTDA).
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