Market News

Nigeria’s Cross River State has signed a $17 million contract for the construction of Ogoja Water scheme with a Chinese firm CGC.The State Commissioner for Water Resources, Mr. Etowa Elemi, signed the contract on behalf of the state government while the Managing Director of CGC Nigeria Limited . . .

Louis Berger, a $1 billion global professional services corporation, has recently signed a five-year project management contract financed by local funds for the construction of the first segment of the Yaoundé-Douala highway in Cameroon. The total construction value of the project is almost & . . .

 The Ministry of Works in Tanzania has set aside US$17m for construction of ring roads in Dar es Salaam Tanzania.   The funds are aimed at constructing tarmac ring roads in the city to ease traffic being experienced. The government has already set aside US$1.2m for the installation of ro . . .

 THE Minister for Works, Dr John Magufuli, has said the 2014/15 financial year would see a total of 28bn/- being spent on the construction of 79.9 kilometre- long ring roads in Dar es Salaam.     He was speaking during a one-day visit to the roads under construction on Monday, wher . . .

 WARD Vision, a local non-governmental organisation (NGO) in collaboration with Janada Bachelor Foundation for Children (JBFC) from the US through the American Embassy in Dar es salaam expects to construct a modern development institute at Ikindwa Bukene in Nzega District, Tabora Region. &nbsp . . .