Market News
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Kenya: Construction of Bridge Across Ferry Channel Delayed
Posted on :Tuesday , 17th January 2017
Mombasa Governor Hassan Joho has said the national government has delayed the construction of a bridge across Likoni channel by switching firms.
Mr Joho said the French government was willing to finance the construction but got no approval from the government, which sought another company's services.Speaking at the Aga Kgan Hospital i. . .Volvo Launches New Excavator in Middle East and Africa
Posted on :Wednesday , 11th January 2017
The EC140D comes with a Tier 2 engine and combines fuel efficiency, hydraulic performance, and operator comfort with wide attachment options
Volvo CE has introduced its new excavator, the EC140D, to the Middle East and Africa market in the 12-16t weight class.The Swedish equipment giant said in a statement that the new machine is equi. . .Combating Cyber Crime in the Construction Industry
Posted on :Monday , 9th January 2017
Virtual crime has become an unpleasant reality of our times, leaving not even the field of construction equipment untouched.
Cybercrime comes with significant cost. It was been estimated that the global economic cost of combating cybercrime could reach $400 billion, according to a report entitled “Net Losses: Estimating the Global Cost of Cybercrime”, pu. . .China Welcomes Africa to be Part of Belt and Road Initiative
Posted on :Monday , 9th January 2017
Antananarivo — Chinese Foreign Minister Wang Yi said here Saturday that China welcomes African countries to join the Belt and Road Initiative.
The initiative was proposed by Chinese President Xi Jinping in hope for common development and common prosperity with countries that identify themselves with this proposal, said Wang at a joint press conference with his. . .East Africa: Egyptian Firm Looking to Sell Stake in Rift Valley Railways
Posted on :Monday , 9th January 2017
Egyptian investment firm Qalaa Holdings has confirmed that it is talking to several local and international investors as it seeks to sell its stake in Rift Valley Railways.
The Business Daily on Wednesday reported that a consortium of local firms has made a $133 million bid to buy an 80 per cent interest in the Kenya-Uganda railway from the Cairo-based firm.. . .Please Select an Option
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