Market News
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Egypt hires German firm for Suez Canal construction work
Posted on :Monday , 24th November 2014
The engineering division of the Egyptian armed forces has announced that Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal project, in a US$8 billion project of expanding the waterway and through which the government seeks to raise more revenues and foreign curre. . .
US$64m flyover to be built over Coco Beach, Tanzania
Posted on :Monday , 24th November 2014
The government of Tanzania has signed an agreement with the South Korean government to see through construction of another flyover in Dar es Salaam.
Tanzania Railways in $130m revival plan
Posted on :Wednesday , 19th November 2014
Tanzania Railways Ltd has embarked on an ambitious Tsh230 billion ($130 million) plan to modernise its infrastructure, to be financed through a commercial loan.
Africa bets on road, rail and port projects for growth
Posted on :Wednesday , 19th November 2014
When Dr Donald Kaberuka took over as president of the African Development Bank (AfDB) in 2005, one of his first acts was forming a little-known task force that would define the Bank’s agenda in the next decade.
Bua to set up US$500m cement plant in Nigeria
Posted on :Friday , 14th November 2014
Bua Group International is planning to invest in a new cement plant that will be expected to have 3Mt/yr of production capacity. The new cement plant will be constructed in the Okpella, Edo State and is expected to be ready for commissioning in February 2015. After commissioning, the new cement plant will incre. . .
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