Market News
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Ethiopia: ERA Plans to Construct and Maintain 23,000 Kilometers of Road
Posted on :Thursday , 4th August 2016
Ethiopian Roads Authority (ERA) aims to construct as well as maintain around 23,000 kilometers of road across Ethiopia during the just started fiscal year.
Commenting the plan Dereje Hailu, Communication Team Leader at ERA, said the Authority aims to upgrade and build new roads that stretch for 1,846 kilometers. Regarding maintenance, the Authority would maint. . .Ethiopia: Gore-Teppi Road Project Gets Parliamentary Nod for U.S.$127 Million Korea Loan
Posted on :Thursday , 4th August 2016
Ethiopian Parliament, during its extraordinary session last week, approved a 127-million-dollar loan agreement with the Korea EXIM bank for the Gore-Tepi road connectivity improvement project.
The poor condition non-paved road is planned to be upgraded to an asphalt concrete road at an average cost of nearly a million dollars a km.East Africa: Rift Valley Railway to Change Face of Transport in East Africa
Posted on :Thursday , 14th July 2016
The misleading reporting that has recently appeared in the press regarding Qalaa Holdings and its investment in Rift Valley Railways (RVR) has compelled us to respond to the blatant inaccuracies and to clarify any misunderstanding that may have occurred as a result of these false accusations.
We clearly and unequivocally state that Qalaa Holdings is committed to adh. . .Kenya Seeks $5.5 billion IFC Funding for Road Construction
Posted on :Tuesday , 5th July 2016
Kenya is looking for close to Ksh550 billion ($5.5 billion) to complete the construction of 10,000 kilometres of roads, after local banks refused to lend the money to the contractors after the botched annuity financing model.
The country is now negotiating for a line of credit of $1.5 billion from the International Finance Corporation (IFC), to finance part of the c. . .Kenya: County Approves Sh170 Million for New Assembly & Governor's House
Posted on :Saturday , 2nd July 2016
The County Assembly on Thursday approved Sh70 million for construction of a governor's residence in Likuyani Sub-County and another Sh100 million to build a modern County Assembly.
These were among the highlights of Sh13.2 billion budget that gave Health, Infrastructure and Agriculture departments the three-highest allocations.Infrast. . .Please Select an Option
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