Market News
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China to construct mega sea port in Africa
Posted on :Monday , 25th January 2016
Algeria’s Transport Ministry, China State Construction Engineering Corporation (CSCEC) and China Harbour Engineering Company (CHEC) have signed an agreement to construct a mega sea port in Algeria.
The US$3.3bn project will be constructed on the new center transshipment port of Cherchell. However, a consortium company to build the port will be establishe. . .World Bank boosts infrastructure in Africa with $100m loan
Posted on :Saturday , 23rd January 2016
Infrastructure in Gabon has received a shot in the arm after the World Bank extended a $100 million loan aimed at boosting infrastructure in the country.
The approved loan is the second phase of the Infrastructure and Local Development project. The project aims to improve access to urban infrastructure and services in selected underserviced neighbourhood and t. . .China pledges to boost infrastructure construction in Africa
Posted on :Saturday , 23rd January 2016
China will work closely with Egypt in a bid to boost infrastructure construction in Egypt, president Abdel Fattah el-Sisi and his Chinese counterpart Xi Jinping have announced.
The two leaders agreed to work together in a bid to enhance growth in the infrastructure sector of the countryPresident Sisi said he is willing to connec. . .East Africa: EAC Cited As African Trendsetter
Posted on :Friday , 22nd January 2016
The East African Community (EAC) has been cited as one of the growing blocs amongst the Regional Economic Communities (REC) in sub-Saharan Africa.
The Brookings Institution in its recent Foresight Africa 2016 report on regional integration in sub-Saharan Africa, said the EAC has implemented several joint infrastructure projects.. . .Africa and China to build US$3.3bn port
Posted on :Thursday , 21st January 2016
Africa and China have signed a US$3.3bn deal to build a new transshipment port around 60km west of Algiers
portconstruction washingtonstatedeptoftransportation flickrAlgeria as a trade hub is rising in importance in East Africa, making it viable to build a port. (Image source: Washington State Dept of Transportation/Flickr)The agreement was signed between Algeria&rs. . .Please Select an Option
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