The 2-3 bedroom houses to be constructed by Eban Properties will have prices ranging from $75,000 to $100,000. Show houses will be completed by December 2015.
The residential development, called The Oxford, is the second to be announced by the project developers this year. In March, Appolonia launched its 24-hectare Nova Ridge residential enclave, allowing homebuyers to design and build their own homes on a range of plot sizes.
“We are pleas.... Read more »
Posted on : Friday , 2nd October 2015
Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, announced today that it has acquired controlling stakes in two North African construction sector businesses. The equity investments in Shoresal and Almes, totaling USD $26.2 million, are part of ECP’s strategy to expand its North Africa portfolio.
“ECP has invested in various African engineering and construction companies since 2006, and.... Read more »
Posted on : Friday , 2nd October 2015
FAR Limited (FAR) has entered into a farm-in option agreement with a subsidiary of Trace Atlantic Oil (Trace) for the Djiffere block offshore Senegal.
Posted on : Friday , 2nd October 2015
As Ford's only manufacturing operation in the Middle East and Africa‚ Ford Southern Africa is in pole position to benefit from the group's decision to intensify marketing and production in sub-Saharan Africa‚ says Stephen Odell‚ president of Ford's European‚ Middle East and African operations. Ford has the capacity to increase it production in South Africa, particularly of the Ranger model. Ford has the capacity to increase it production in South Africa.... Read more »
Posted on : Friday , 2nd October 2015
Timber firm- York Timbers, has announced plans to construct an electrical biomass power plant in South Africa at its timber plant worth US $0.10bn.
Posted on : Friday , 2nd October 2015
The construction of Chollet Hydropower Dam in Cameroon has received a new breath after the signing of a major agreement. Minister of Water Resources and Energy, Basile Atangana Kouna and the Minister of Energy and Hydraulics of the Republic of Congo, Henri Ossebi have signed agreements to speed up the project. According to the minister the project which is expected to boost the power production of the country will be carried out and the time frame set for the same will be high.... Read more »
Posted on : Friday , 2nd October 2015
Umutoni said the investors representing over 50 Chinese firms have already met with their Rwandan counterparts and pledged to leverage on the country’s good investment climate to scaleup investments in these sectors.
Posted on : Thursday , 1st October 2015
Umutoni said the investors representing over 50 Chinese firms have already met with their Rwandan counterparts and pledged to leverage on the country’s good investment climate to scaleup investments in these sectors.
Posted on : Thursday , 1st October 2015
The investors, who are already in Nairobi to attend an international conference, have expressed interest in investing in green energy, one of the fastest growing energy sub-sectors in Africa.
Posted on : Thursday , 1st October 2015
Sri Lanka’s Sierra Cables has decided to open a cable manufacturing company in Kenya to promote power generation projects in East Africa powercable AndreRobertoDoretoSantos flickrThe East African region has potential for cable manufacturers to enhance their business interests.
Posted on : Thursday , 1st October 2015
Kenya’s exports to Uganda have grown for the first time in four years over the seven months to July amid a political storm over the countries’ bilateral trade.
Data from the Kenya National Bureau of Statistics (KNBS) shows the country sold goods worth Sh36 billion to Uganda in the period to July, up from Sh27.7 billion in a similar period last year.
Exports to Uganda — the largest buyer of Kenyan goods — have been declining since.... Read more »
Posted on : Thursday , 1st October 2015
Hospitality leader Starwood Hotels & Resorts Worldwide, Inc. has just announced aggressive expansion plans into Africa. Starwood made this announcement at the Africa Hotel Investment Forum (AHIF) being hosted in Addis Ababa from September 30th to October 1st.
Starwood currently has a strong footprint in the region, with 34 operating hotels and a pipeline of 20 hotels under development. With the expansion of the company’s luxury, upscale and mid-market brands.... Read more »
Posted on : Thursday , 1st October 2015
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