Market News
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Athi River Mining says new clinker plant to boost profit margins
Posted on :Tuesday , 22nd September 2015
Athi River Mining (ARM) Cement expects profitability to improve now that it produces its own clinker for its East African cement plants, the firm’s managing director has said. ARM Cement, East Africa’s second biggest producer after Bamburi cement, posted a pre-tax loss of Sh473.5 million ($4.5 million) in the first six months, which the firm blamed on unrealised foreign exchan. . .
Reconstruction of roads in Kenyan capital Nairobi to cost US$ 9m
Posted on :Tuesday , 22nd September 2015
Plans are underway to reconstruct several roads in Kenyan capital Nairobi at a cost of US$ 9m, Governor Evans Kidero has announced, adding that the city roads will be repaired and this is according to the county government’s Nairobi Integrated Urban Development Master Plan.
The reconstruction of roads in Kenyan capital Nairobi will significantly reduce present and fut. . .Construction of Renaissance dam in Ethiopia in good course
Posted on :Monday , 21st September 2015
The construction of Renaissance dam in Ethiopia is in good course,Dam project director, Simegnew Bekele has announced. Bekele said that the project is steady and they believe it will be completed within the stipulated time.
The director added that they are making sure that the project is constructed to standards as they are currently using the latest technology that will ensure t. . .KNBS notes rising demand of cement in Kenya as construction industry booms
Posted on :Monday , 21st September 2015
Manufacturers of cement in Kenya are racing to meet high demand of cement in the wake of many infrastructure construction projects and booming real estate industry in the country, Kenya National Bureau of Statistics (KNBS) has observed.
According to statistics from the (KNBS), the production of cement in Kenya last year was 5.88m tones which is a 16 per . . .Japan to fund the construction of a research centre in East Africa
Posted on :Friday , 18th September 2015
Japan through its agency, Japan International cooperation Agency is set to construct a research centre in Ethiopia that will serve as a training and research center throughout Africa.
The construction project dubbed Kaizen institute will be built on a 3,000sqm piece of land at Sar Bet near the African Union in Addis Ababa.An agr. . .Please Select an Option
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