Market News

 National Statistics and Data processing centre (CNIS) has reported that the quantity of imported construction materials in Algeria increased by 15.6% in 2014.   According to the report, imported quantities of main building materials such as wood, cement, iron, ceramic and aluminium rose . . .

 Construction of the US$2 billion Bellara steel complex construction will kick off in the first quarter of this year 2015 in Jijel East of Algeria, the prefect of Jijel, Ali Bedrici has said.   The steel project will help the country to produce 4 million tons of steel per year in the sec . . .

 Egyptian private-equity company Qalaa Holdings SAE is investing $70 million to accelerate the movement of rail cargo carried from East Africa’s busiest port, as it faces competition from a new Chinese-backed link. Qalaa controls Rift Valley Railways Ltd., the operator of a railway built . . .

 Namanyere — MEMBERS of the Parliamentary Local Authorities' Accounts Committee (LAAC) hailed Nkasi District Council for constructing Lwafi/Katongolo irrigation scheme which will benefit about 40,000 farmers from Kirando and Kipili ward in the area.The project will cost over 9.5bn/- upon . . .

THE Minister of Industry and Trade, Dr Abdallah Kigoda, has challenged members of the newly appointed board of directors of the National Development Corporation (NDC) to work together in ensuring that the corporation achieves its intended goals and objectives. He made the remarks in Dar es Salaam w . . .