Market News
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Tanzania: U.S. $590 million Dar es Salaam Port upgrade works begin
Posted on :Tuesday , 28th April 2015
Dar es Salaam — Civil works have started on the $593 million upgrade of Dar es Salaam port involving financing by both bilateral and multilateral donors and overseen by TradeMark East Africa, the non-profit consultancy.
Philippe Dongier World Bank Country Director for Tanzania, Uganda and Burundi said last week the event is happening at the right time when the World Bank to. . .China responsible for 31% of infrastructure projects in East Africa, says Deloitte
Posted on :Friday , 13th March 2015
Deloitte East Africa has released a report showing that China is responsible for building 31% of all infrastructure projects in East Africa in 2014. This went up as compared to the 19% in 2013.
AFDB to fund construction of Egyptian Airport
Posted on :Friday , 20th February 2015
The Sharm El-Sheikh International airport has received US$140 million from the African Development Bank (AFDB) to facilitate its expansion project.
The expansion involves constructing a new terminal (terminal 3) and a runway in order to increase the passengers handling capacity by 10 to 18 million per year.Sharm El- Shark Intern. . .Egypt to build a nuclear power plant in partnership with Russia
Posted on :Tuesday , 17th February 2015
Egyptian president Abdel Fattah el-Sisi and his Russian counterpart Vladimir Putin have agreed to corporate to build a nuclear power plant in Egypt.
The partnership deal was signed during an official visit by President Vladimir Putin to Egypt.The move for a nuclear power plant project is expected to strengthen economic ties betw. . .SODIC to invest US$301.64 million in Egypt
Posted on :Tuesday , 17th February 2015
Egypt’s property group SODIC has announced on Monday this week that it will invest US$301.64 million in 2015. CEO of SODIC Ahmed Badrawi has said the company is set to build 684 new property units in 2015. The company had announced last year that construction of first phase of its development in Heliopolis would start this year.
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