Market News
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WB cooperates with Chinese firm to develop low-cost houses in Africa
Posted on :Tuesday , 2nd June 2015
NAIROBI - The World Bank's private sector arm, the International Finance Corporation (IFC), on Friday inked a new partnership with Chinese construction and engineering company to develop low-cost houses in three African countries.
IFC and CITIC Construction Co., Ltd will set up a joint venture and inject 300 million U.S. dollars to develop 30,000 homes in Kenya, Rwanda and Nigeri. . .Construction of a super highway linking Liberia and Cote d Ivoire set to kick off
Posted on :Monday , 1st June 2015
The construction of a super highway linking Liberia and Côte d’Ivoire is set to kick off and the project will be funded by the African Development Bank (AfDB).
According to the AfDB outgoing President, Dr Donald Kaberuka the project will start soon since they are currently evaluating on the budget that will be able to complete the project in the recommended time.TANZANIA AIMS FOR BIG RESULTS WITH DAR ES SALAAM PORT EXPANSION
Posted on :Tuesday , 26th May 2015
The Tanzanian port of Dar es Salaam was once the most efficient in sub-Saharan Africa.
The performance of the port, which is the second-largest in east Africa, has slipped dramatically over the past 20 years.Ships are often forced to wait to dock and the transit of goods through the port is slow. The World Bank estimates that tr. . .Ethiopian construction firm makes inroads in Tanzania
Posted on :Saturday , 23rd May 2015
Flintstone Engineering, a little known Ethiopian firm, is targeting the Tanzanian market, thanks to a programme run by the German Technical Cooperation (GIZ).
Currently, the company is undertaking a USD 3.5m National Housing Corporation project in Tanzania, said Flintstone founder and Chief Executive Officer, Moges Tadese.
“In Tanzania we have only one projec. . .
Dangote Cement New Factory In Tanzania To Start Production In August 2015
Posted on :Friday , 22nd May 2015
Aliko Dangote, the owner of Dangote Cement announced that the new Tanzania factory is ready to start production by August 2015.The company who is the largest manufacturer of cement in the African continent is building a USD 500 million factory in southern Tanzania with an annual capacity of 3 million tonnes.
The Tanzania plant will supply the domestic market a. . .Please Select an Option
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