Market News
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US$400m set aside for Development of Infrastructure and road construction
Posted on :Tuesday , 10th November 2015
Out of the US$1.25bn Eurobond issue,US$400m has been allocated for road construction in Zambia in a bid to boost connectivity in urban and rural areas.
According to the Deputy Minister for Finance, Christopher Mvunga, US $410.7m will be channeled towards road infrastructure improvement.He noted that US $268m will go into domesti. . .Kenya: Eastern Bypass, Kangundo Road Link to Be Tarmacked
Posted on :Saturday , 7th November 2015
Nairobi Governor Evans Kidero yesterday announced City Hall will complete tarmacking the road linking Kangundo road to the Eastern bypass in a few months.
The road runs from the Administration Police Training College gate in Embakasi and joins Kangundo Road near Njiru market.The road is tarmacked halfway as the contractor pulled out d. . .Kenya: ARM Invests in New Cement Technology
Posted on :Saturday , 7th November 2015
Cement maker ARM Group has rolled out a new a technology in a bid to reduce the cost of construction.
Chief executive Pradeep Paunrana blamed high cost of housing on expensive technologies in the construction industry."We need to build more economically to keep prices of finished houses within reach of final users, something that. . .Saudi Arabia to Finance Sudanese Agriculture, Dams Projects
Posted on :Saturday , 7th November 2015
El Riyadh — On Tuesday, Saudi Arabia signed four agreements on the funding of Sudanese dam, electricity and agricultural projects.
After Saudi Arabia agreed on financing the projects, President Omar Al Bashir arrived to the Saudi capital of El Riyadh on Tuesday, with a delegation including FA Minister Ibrahim Ghandour, Finance Minister Badreldin Mahmoud, the M. . .Kenya: Govt Proposes Premix Concrete for Storied Buildings
Posted on :Saturday , 7th November 2015
The National Construction Authority (NCA) has proposed that construction works for buildings above three floors be done using pre-mixed concrete delivered on site by licensed subcontractors.
NCA's Buildings Inspectorate Secretary Moses Nyakiongora said they had also proposed that no onsite mixtures would be condoned.The move is aimed . . .Please Select an Option
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