Market News
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Construction boom brightens future for East Africa
Posted on :Friday , 22nd August 2014
It is a ‘boom’ as many people are describing the growth of East Africa Construction industry. Many investors have taken the advantage of the boom by shaking off their pockets to invest in skyscrapers, shopping malls, roads, schools, hospitals etc.
Both private and public sectors are in a hurry trying to satisfy the rising middle class and regional . . ..jpg)
Nigeria: OSOPADEC Constructs N300 Million Pedestrian Bridge in Riverine Area
Posted on :Thursday , 21st August 2014
Akure — Concerned by the difficulties being encountered by the residents of the riverine communities in accessing their homes, the Ondo State Oil Producing Areas Development Commission (OSOPADEC) has launched the construction of innovational footbridges worth N300 million in its mandate areas.
The bridges, which would be constructed in the OSOPADEC manda. . .
Angola s 1300km, Chinese-built railway is finished
Posted on :Thursday , 21st August 2014
One of China’s biggest construction firms finished building a 1,344km railway in Angola, Africa this week, and plans to put it into operation this year.
The $1.83bn project, carried out by China Railway Construction, rehabilitated sections of the old Portuguese-built Benguela railway linking . . .
Kenya: Mombasa Sets Aside Sh165 Million for Roads
Posted on :Wednesday , 20th August 2014
THE Mombasa government has set aside Sh165 million to improve transport and infrastructure in Mombasa town. Eight projects have started. Governor Hassan Joho said the projects include reconstruction of existing roads, creating new ones and improving the city's drainage sy. . .
Kenya: Railway Project to Employ 30,000 Kenyans
Posted on :Tuesday , 19th August 2014
Nairobi — More than 2,400 Kenyans have already been hired for the construction of the Standard Gauge Railway (SGR).
Assistant President of China Communications and Construction Company Wen Gang says they also intend to sub-contract about 40 percent of the project to local companies.At a meeting with President Uhuru Kenyatt. . .Please Select an Option
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