Market News
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Boost for EAC as construction of major road linking Kenya and Tanzania launched
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 construc. . .Rising cement consumption signals growth in East Africa
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. . .
Hilton Hawassa Resort and Spa in Ethiopia to be constructed by 2020
Posted on :Friday , 2nd October 2015
Hilton Hawassa Resort and Spa in Ethiopia is set to join a portfolio of more than 70 Hilton Worldwide properties in Africa with its construction stated for 2020 in Ethiopia.
An agreement which was signed by Sunshine Business PLC and Hilton Worldwide has brought the Hawassa project to birth.
Senior Vice President of Development, Europe and Africa for Hilton Worldwid. . .Appolonia and Eban Properties to develop homes on 20 hectares of land at the landmark satellite city project
Posted on :Friday , 2nd October 2015
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 an. . .EMERGING CAPITAL PARTNERS INVESTS IN TWO NORTH AFRICAN CONSTRUCTION COMPANIES
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.
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