Market News
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Infrastructure construction in Africa to get boost from World Bank
Posted on :Wednesday , 7th October 2015
Infrastructure construction in Egypt is set to improve as the World Bank head Jim Yong Kim expressed his support in various ongoing and upcoming projects.In a meeting with Egyptian president Abdel-Fattah El-Sisi over the weekend in New York the World Bank boss said Egypt has a great potential in terms of development and it deserves more support.AfDB approves US$428.43m to fund construction of infrastructure in Africa
Posted on :Tuesday , 6th October 2015
The African Development Bank Group (AfDB) has approved US$428.43m to finance construction of infrastructure in Africa including energy, transport and water and sanitation. The eight African countries to benefit from the financial boost include Nigeria, Ghana, Tanzania, Guinea, Senegal, Guinea Bissau, Zimbabwe and Côte d’Ivoire.
The construction of a new terminal at th. . .Sheraton announces plans to construct high-end hotel in Kenya
Posted on :Tuesday , 6th October 2015
A high-end hotel in Kenya is set to be constructed by global hotel chain Starwood Hotels and Resorts Worldwide, the global hotel giant has announced. The hotel will be constructed at the Jomo Kenyatta International Airport.
Sheraton Hotel in Kenya will target tourists and business people visiting Kenya and it is one among six other hotels planned by the global hospitality giant t. . .Boost for EAC as construction of major road linking Kenya and Tanzania launched
Posted on :Tuesday , 6th October 2015
East Africa integration has received a boost following plans to construct a major road linking Kenya and Tanzania.
The road project that will be funded by African Development Bank, was launched by Kenyan President Uhuru Kenyatta and his Tanzanian counterpart Jakaya Kikwete. The road will link East Africa to the northern corridor.
The road construc. . .Rising cement consumption signals growth in East Africa
Posted on :Monday , 5th October 2015
East Africa is one of the world’s fastest-growing marketplaces for construction opportunities and building materials. Significant projects are under construction across East Africa, including Ethiopia’s $4 billion hydro-power dam on the Blue Nile River and Kenya’s Sh195 billion ($13 billion) railway that will link the Port of Mombasa to the Rwandan capital of Kigali via Uganda. . .
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