Market News

  • Maintenance of public roads in Uganda to cost US$ 26m

    Posted on :Wednesday , 30th September 2015

    The government of Uganda has announced that it was embarking on a road maintenance programme to boost transport. Public roads in Uganda according to the government need a face lift.

    The maintenance of public roads in Uganda will cost a whopping US$ 26m.

    Michael Odongo, the executive director of the Uganda Road Fund confirmed the reports and urged the Government to . . .

  • Amplats unveils constructed cogeneration power plant in South Africa

    Posted on :Wednesday , 30th September 2015

    Anglo American Platinum (Amplats) recently unveiled its 5MW cogeneration power plant in South Africa worth US $10.63m located at its Waterval Smelting Complex in Rustenburg.

    The cogeneration power plant in South Africa was commissioned by project developer Vuselela Energy and Equity provider H1 holdings and it would help capture waste heat from Amplat’s conversion plant whi. . .

  • Infrastructure construction in Egypt to get boost from World Bank

    Posted on :Tuesday , 29th September 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.

    According to the p. . .

  • Construction of Zambia, Tanzania, and Kenya power interconnector in Progress

    Posted on :Tuesday , 29th September 2015

    Construction work has begun on different sections of the sites identified for power lines for the Zambia, Tanzania, and Kenya power interconnector.

    In a recent meeting of energy held in Arusha, Tanzania, for permanent secretaries, senior officials and experts form Zambia, Tanzania and Kenya, it was indicated that outstanding progress had been made on the interconnector. Power Pyl. . .

  • Mega International airport in Ethiopia to be constructed

    Posted on :Tuesday , 29th September 2015

    Plans are underway for  the construction of a mega International airport in Ethiopia, the Ethiopian Airports Enterprise has announced.

    The Ethiopian Minister of Transport, Workneh Gebeyehu confirmed the reports and said that Ethiopia is to break the ground for a new mega hub airport in the vicinity of Addis Ababa.

    “The new mega hub will move the aviation. . .

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