Market News

  • Four industrial parks in Ethiopia to be contracted

    Posted on :Thursday , 12th November 2015

    Four industrial parks in Ethiopia will be constructed in the next two years that will cost US$ 2bn, a senior government official has confirmed.

    Trade and industry State Minister Tadesse Haile confirmed that the concerned people have finalized on the inspection of four more parks in the eastern town of Dire Dawa, Kombolcha and Mekelle in the country’s North, and Adama in the. . .

  • Huila - Transport Minister Unveils Housing Complex in Lubango

    Posted on :Wednesday , 11th November 2015

    Lubango — A housing complex comprising 103 houses was inaugurated on Saturday in Lubango, southern Huila province, by the minister of transport, Augusto da Silva Tomás.

     
    The project, built in two years, is part of the project of rehabilitation and modernization of Moçâmedes Railways (CFM) underway since 2005, through a public-private partner. . .

  • China-Funded National Stadium to Complete

    Posted on :Wednesday , 11th November 2015

    Lilongwe — The Malawi government has expressed satisfaction with a chinese-funded national stadium scheduled to complete later this month in Malawi capital, Lilongwe.

     
    In a tour of the multi-million dollar facility on Wednesday, Minister of Transport and Public Works Francis Kasaila said the stadium would not only change the face of the city but also put Malawi. . .

  • Construction of hydropower plants in Rwanda gets financial support

    Posted on :Wednesday , 11th November 2015

    Afritech Energy (AE) and East African Power have signed a US$ 40m agreement that will see the construction of four hydropower plants in Rwanda.

    The agreement will involve construction of four hydropower sites in Bihongora, Karambo II, Gatare Sebeya and Muregeya. Other two projects will be in Rustiro and two more in Rubavu.

    Executive Chairman of Afritech Dan Klinck . . .

  • Nyagak III Small Hydro Power Project in Uganda to be constructed

    Posted on :Wednesday , 11th November 2015

    The construction of Nyagak III Small Hydro Power Project in Uganda is set to commence soon, this is after the Ugandan Government and a German firm signed a US$ a 1.8m agreement.

    The agreement which was signed by Uganda Electricity Generation Company Limited (UEGCL) on behalf of the government took place at the UEGCL offices in Nakasero. The German firm GOPA-International Energy C. . .

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