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Market News

  • Kenya: City Hall to Raise Sh500 Billion for Urban Renewal Project

    Posted on :Thursday , 2nd July 2015

    Nairobi - Nairobi County Government is seeking to raise about Sh530 billion through a Public Private Partnership (PPP) to undertake its urban regeneration and renewal projects within the city.

    Speaking during an investors briefing on Wednesday morning, Governor Evans Kidero indicated that the project will consist of three phases which will involve the redevelopment of old housing. . .

  • African states sign cyber-security deal

    Posted on :Thursday , 2nd July 2015

    Uganda, Kenya and South Sudan are among several African states to have signed a new deal on cyber security to protect multi-million-dollar oil and transport projects.

    Presidents Yoweri Museveni of Uganda, Paul Kagame of Rwanda and Uhuru Kenyatta of Kenya signed a memorandum of understanding on cyber security at the 10th Northern Corridor Integration Summit in the Ugandan capital,. . .

  • Construction of Africa\'s $92m water projects completed

    Posted on :Wednesday , 1st July 2015

     Egyptian government has completed the construction of $92 Million drinking water project across the country.

    The housing minister said they have completed the 83 drinking water and sanitation projects, along with 112 sanitation projects in various villages across the country.
    The minister in charge of Housing Mostafa Madbouly added that the Construction Authority for. . .

  • Africa: Cement newcomer Sephaku looking to expand trade market after stellar performance

    Posted on :Tuesday , 30th June 2015

     A “stellar” performance by cementation newcomer Sephaku Holdings’ Métier Mixed Concrete division has swung the group to a full-year net profit of R47.16-million for the 12 months ended March 31, positioning it to expand its market share in what has become a highly competitive domestic cementation market. The group achieved full-year revenue of R775.4-million and e. . .

  • Volvo launches new Construction Equipment for Africa

    Posted on :Monday , 29th June 2015

     Volvo Construction Equipment has announced the launch a new series of wheel loaders in Africa

    Volvo launches new wheel loader for Africa The G Series has Z-bar linkage and increased hydraulic pressure for powerful digging and complete bucket fill. The G Series, which consists of three machines – the L120GZ, L60GZ, and L90GZ – will be released in Africa, as well . . .

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