Latest African business news, economy, corporate, markets updates

Rwanda: Rwf58 Billion Earmarked for Kigali Urban Road Upgrades

A total of 51.5 kilometer road network is set to be upgraded in the City of Kigali at a cost of Rwf58.2 billion courtesy of the Export-Import Bank of Chaina.

The draft law for the ratification of the loan agreement signed in Beijing, for the Yuan 488m, was approved by a recent Cabinet meeting.

The agreement was signed between the Rwandan government and the Export-Import Bank of China for Kigali Urban Road Upgrading Pr.... Read more »

Posted on : Wednesday , 31st August 2016

Ethiopian dam study contracts to be signed in Sept: Egypti's foreign ministry

The contracts with two consulting firms to carry out technical studies into the impact of Ethiopia's Grand Renaissance Dam will be signed on 5 and 6 September, Egypt's foreign ministry said on Tuesday.

In a meeting with reporters, Ahmed Abu Zeid said that the irrigation ministers of Egypt, Sudan and Ethiopia will attend the contract signing in Sudan.

The three countries agreed in 2015 that two French firms, Artelia and BRL, would carry .... Read more »

Posted on : Wednesday , 31st August 2016

Dangote shakes Kenya’s cement market with Ethiopia imports

Nigeria’s Dangote Cement has started its shake-up of the Kenyan market with imports of the commodity from its plant in neighbouring Ethiopia as it prepares to establish a local manufacturing plant.

Dangote’s targeting of the Kenyan consumer with low-cost cement from Ethiopia is expected to further drive retail prices downward in a market where they have remained static for nearly 10 years.

Importing .... Read more »

Posted on : Wednesday , 31st August 2016

Egyptian Samcrete’s IDG studies developing industrial zones in KSA, Ethiopia

Industrial Development Group (IDG), the industrial arm of Egypt-based construction firm Samcrete, is studying developing major industrial zones in Ethiopia and Saudi Arabia. The move will be part of IDG’s strategy to expand businesses abroad.

Sameh Attia, IDG’s managing director, said his firm is currently conducting studies on offers received from a number of investors to develop major industrial zones in Ethiopia and Saudi Arabia.Read more »

Posted on : Wednesday , 31st August 2016

DR Congo ready for talks on Lake Tanganyika oil and gas prospects

Tanzania has said the government of the Democratic Republic of Congo has agreed to talks with four countries sharing the Lake Tanganyika to discuss ways of extracting natural gas and oil in the lake.

Experts have warned that the lack of demarcated boundaries between countries sharing the lake could lead to disputes.

It is understood that Tanzania and DR Congo have been at loggerheads over the proposal for the two coun.... Read more »

Posted on : Wednesday , 31st August 2016

Dream safari in the heart of Tanzania

Dar es Salaam - Set in the Selous Game Reserve, the largest in Africa, Azura Selous offers more than just your average safari.

Previously consisting of just 11 luxury tents, each with private plunge pools overlooking the Ruaha River rapids, Azura has just launched Villa Twiga.

It offers more privacy, a lot more opulence and additional outdoor areas, in comparison to the other tented villas, for guests to truly immerse.... Read more »