Market News
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US$5bn given to Mozambique for infrastructure among other projects
Posted on :Thursday , 11th September 2014
Investment worth US$5bn was approved for three provinces in Mozambique. It was noted that the approved investments will help the North of Mozambique undertake several projects in agriculture, forestry, infrastructure, tourism, and hydrocarbon sector. The projects are aimed at creating opportunities for small, micro and medium-sized national companies. The projects are also expected to create 20. . .
Tanzania receives US$185m from MIGA for development projects
Posted on :Thursday , 11th September 2014
The private sector in Tanzania has a received a US$185m grant from the World Bank. The funds were released by the Multilateral Investment Guarantee Agency (MIGA).
The aim of the funds is to help in projects in infrastructure, mining and energy sectors. MIGA Vice President and Chief Operating Officer, Michael Wormser said that MIGA is looking for ways to partner with. . .
Tanzania to construct 50, 000 houses in a US$ 48 m real estate project
Posted on :Tuesday , 9th September 2014
A total of USD 48.24 will be used in the first phase construction of houses in Tanzania to provide shelter for public servants. The real estate project will be funded by the government of Tanzania.
Increasing capacity and improving efficiency at East African Ports
Posted on :Tuesday , 9th September 2014
Growing volumes of cargo at all African ports has forced port authorities and operators to increase capacity, analyse operations to increase efficiency, and employ measures to allow bigger ships into their ports. The East Africa Region has various projects underway. The new Lamu P. . .
Ethiopia plans Africa\'s biggest dam
Posted on :Saturday , 6th September 2014
Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
Dubbed the Grand Ethiopian Renaissance Dam, it will be Africa's biggest dam and will depend on water . . .Please Select an Option
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