Market News

Shortage of commercial and office space in the City of Kigali could soon reduce following plans to construct a 10-storey building at the site that was previously occupied by the Kigali Business Centre (KBC).   The works on the Rwf17 billion project will start in August, Janviere Mporanyi, the . . .

 Tanzania in conjunction with a Chinese company is set to construct a 2,561 km standard gauge railway at a cost of US$ 7.6bn. The railway line will connect the Dar es Salaam port to land-locked countries and hence enhance the economy of the country.   A Chinese consortium led by China Ra . . .

Ethiopian Airlines’ drive to become a global carrier is to be supported by the construction of a world-class cargo terminal at Addis Ababa Bole International Airport. The $98m terminal, which will be the size of five football grounds, is to be designed by German engineer Unitechnik Group. . . .

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 an . . .

 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 evaluat . . .