Market News

Zambia has begun the construction of what it says is a major hydro-power project aimed at boosting the country’s electricity generation capacity. The construction of 750 megawatts Kafue Gorge Lower Hydro-power project in Zambia begins following the signing of a memorandum of understanding b . . .

The upgrade of Tanzania's second largest airport, Kilimanjaro International Airport, is underway. It is expected to give KIA the capacity to handle more aircraft and passengers.   The makeover, which started last week, will see all runways, apron, taxiways and passenger lounges modernised. & . . .

 Lafarge Ready Mix Nigeria Ltd. formalised its partnership with Construction Kaiser Limited at a signing ceremony that took place at The MoorHouse Hotel, Ikoyi, Lagos, Nigeria.   The agreement records a mutual understanding of partnership, in which LRMN will supply all of CKL’s Rea . . .

Sameer Africa Group is planning to construct a 26,000-seater stadium in Kenya that will encourage the development of sports in that region. The stadium will be constructed in Nandi County. Sameer Africa which is owned by Naushad Merali signed a Memorandum of Understanding (MOU) with Nandi County . . .

 The World Bank is now calling for diversification on infrastructure funding in Ethiopia in a bid to finance its  infrastructure projects to avoid heavy reliance on the state.   In recent years the country has been carrying much of the burden of raising finance for infrastructure de . . .