Ford Motor Co. said it plans to assemble its Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East.
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 the Kotoka International Airport in Accra is part of Ghana’s capital investment progra.... Read more »
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 through its investment arm the Africa Hotel Investment Forum.
“The mom.... Read more »
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 construction project which is intended to reduce the time taken for goods to be transported especi.... Read more »
Posted on : Tuesday , 6th October 2015
Kenya has written off 39.7 billion shillings ($381 million) owed by state-owned sugar companies, aiming to ease their planned privatisations, President Uhuru Kenyatta said on Friday.
The government in May approved the sale of the government's holdings in five sugar companies and said it expected to sell 75 percent stakes, in transactions to be completed in the following nine to 12 months.
"My Government has had to take a hard decision to support the sector.... Read more »
Posted on : Monday , 5th October 2015
Hindustan Petroleum Corp. Ltd (HPCL), the country’s third biggest oil refiner, is negotiating with its partners in the Mozambique gas field, operated by Anadarko Petroleum Corp., to bring natural gas to India for its upcoming liquefied natural gas (LNG) terminal in Gujarat.
The deal will not only give HPCL access to gas, which is logistically cheaper to source, it will also give the company a cost advantage in its natural gas trading business, which it started l.... Read more »
Posted on : Monday , 5th October 2015
The Ministry of oil in Sudan signed a $70 million agreement on Sunday with Russia’s Gazohim Techno for liquefaction of gas produced at Neem field in the west of the country using a process known as gas-to-liquids (GTL).
Under the agreement a plant will be constructed to liquefy gas with a capacity of processing 10 million cubic feet of gas per day and convert to petroleum products such as gasoline and diesel at an estimated rate of 100 million tons of fuel per y.... Read more »
Posted on : Monday , 5th October 2015
“We are planning to spend about $25 million to $30 million in acquiring new terminals in East Africa,” Thangapandian Srinivasalu (left), the Executive Director of Gulf Petrochem said last week in Sharjah.
Speaking to media in a series of interviews, Srinivasalu said their focus of growth will be the UAE, India and East Africa.
“The next decade belongs to Africa and there are tremendous business opportunities in East Africa, which is po.... Read more »
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.
In Rwanda, CIMERWA, the only cement company in Rwanda that mines raw mate.... Read more »
Posted on : Monday , 5th October 2015
Plans are underway for the construction of a mega International airport in Ethiopia, the Ethiopian Airports Enterprise has announced.
Posted on : Monday , 5th October 2015
Tenders for consultancy services and engineering designs for the development of several ports in Tanzania have been advertised by the Tanzania Ports Authority (TPA).
Posted on : Monday , 5th October 2015
Construction work is well on progress at the Saldanha Bay’s Industrial Development zone in South Africa a move aimed at positioning the Western Cape as a rig repair hub.
Posted on : Monday , 5th October 2015
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