Market News
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Construction sector in East Africa to modernize
Posted on :Thursday , 7th January 2016
Ethiopia is seeking to modernize its construction sector by adopting technology. The country’s Ministry of Construction says it has embarked on a preparation plan to modernize Construction sector in Ethiopia in the GTP II period.
The planning stage involves heads of regional bureaus and construction stakeholders.Minister of Cons. . .US to fund the construction of an oil pipeline in Kenya
Posted on :Thursday , 7th January 2016
The Kenyan oil industry is set to receive a financial boost of US$1.3bn from the American Government as they have expressed interest in funding the construction of an oil pipeline in Kenya that will link the northern oil fields to Lamu.
The US$ 2.3bn development is a positive and tremendous project as South Sudan and Ethiopia will be linked up to the Lamu port. The US Ambassador . . .Kenya and Uganda plan to build another corridor to boost trade
Posted on :Tuesday , 5th January 2016
Kenya and Uganda plan to build another corridor to boost trade between the two East African countries.
Uganda National Roads Authority and the Kenya National Highways Authority are seeking funds from the African Development Bank (AfDB) for the project which will traverse Uasin Gishu County and to the west of the boundaries of Eldoret, Trans Nzoia.. . .Ethiopia, Egypt, Sudan Announce Consent in Applying GERD Principles
Posted on :Monday , 4th January 2016
The agreement is a step forward towards finalizing and reaching agreement on the nomination of the two consultancy firms.
Ethiopia, Egypt and Sudan announced Tuesday that they have reached consensus to put into practice provisions in the Declaration of Principles regarding the Grand Ethiopian Renaissance Dam (GERD).The three parties h. . .Rwf11 Billion for Nyagatare-Rukomo Road Construction
Posted on :Thursday , 31st December 2015
The Government of Rwanda and Saudi Fund for Development (SFD) yesterday signed a $15 million (approximately Rwf11.2 billion) concessional loan to fund the construction of Nyagatare-Rukomo road.
The 30 year concessional loan will support the construction of a 7 meter wide, 73 kilometer two lane tarmac road between Nyagatare and Rukomo, Claver Gatete, Minister for fin. . .Please Select an Option
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