Market News
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European Union boosts road construction in Ethiopia
Posted on :Thursday , 22nd October 2015
The European Union (EU) has pledged 540 million Euros to boost road construction in Ethiopia especially in rural areas for the next five years.
Mr Antonio Capone who is the infrastructure leader of EU delegation announced that the money will be used to continue what he referred to as “a remarkable expansion of road network in Ethiopia.” The country had 26,000km of roa. . .Construction firm Dorra announces plans to build 10,000 houses in Egypt
Posted on :Tuesday , 20th October 2015
Construction firm Dorra Group has announced plans to construct 10,000 residential houses in Egypt in a bid to tackle the current demand for housing in the country.
Managing director Omar Dorra said they intend to target the youth in their housing projectl.
He said that they recently submitted a request to the Ministry of Housing to develop a residential proje. . .Kenya President Roots for Closer Partnerships in Infrastructure Development
Posted on :Monday , 19th October 2015
President Uhuru Kenyatta has called for closer partnerships between governments, regional and international investors to bridge financing gaps in infrastructure development.
President Kenyatta said governments cannot single-handedly invest in every infrastructure needed in the entire region due to resource constraints.He spoke d. . .US firm now eyes construction market in Kenya
Posted on :Saturday , 17th October 2015
The construction market in Kenya is set for cutthroat competition after X-Calibur Construction Chemistry Inc., a US-based construction products manufacturer said that it was constructing a concrete and cement additive manufacturing plant in Kenya aiming to tap on the wider East African region.
The firm said that it would open a manufacturing plant . . .Newly constructed Weetabix East Africa plant in Kenya opened
Posted on :Friday , 16th October 2015
The Newly constructed Weetabix East Africa plant in Kenya has been opened in the capital Nairobi. The move is aimed at increasing production capacity as well as enhancing efficiency.
The new plant which cost US$ 2.5m has the potential of generating up to 60 per cent of the company’s produce.
Managing director Mr. Ahsan Manji launched the new plant while marki. . .Please Select an Option
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