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Market News

  • East Africa: EAC Cited As African Trendsetter

    Posted on :Friday , 22nd January 2016

     The East African Community (EAC) has been cited as one of the growing blocs amongst the Regional Economic Communities (REC) in sub-Saharan Africa.

     
    The Brookings Institution in its recent Foresight Africa 2016 report on regional integration in sub-Saharan Africa, said the EAC has implemented several joint infrastructure projects.
     
    . . .

  • Africa and China to build US$3.3bn port

    Posted on :Thursday , 21st January 2016

     Africa and China have signed a US$3.3bn deal to build a new transshipment port around 60km west of Algiers

    portconstruction washingtonstatedeptoftransportation flickrAlgeria as a trade hub is rising in importance in East Africa, making it viable to build a port. (Image source: Washington State Dept of Transportation/Flickr)
    The agreement was signed between Algeria&rs. . .

  • African Country banks on president Xi Jinping�s visit to boost infrastructure

    Posted on :Wednesday , 20th January 2016

     Egypt banks on president Xi Jinping’s visit later this month to boost its infrastructure network seen as a key driver of the economy. A number of agreements that will align the economic interests and development goals of China and Egypt are expected to be signed when Mr Jinping visits Cairo.

     
    According to a statement from cabinet ministers the county is f. . .

  • Dangote to construct cement manufacturing plant in Africa

    Posted on :Tuesday , 19th January 2016

     Dangote Group now plans to construct a cement  manufacturing plant in Zimbabwe chief strategist, Dr Abdu Mukhtar,has said. He added that they now feel comfortable and are excited about venturing in Zimbabwe.

     
    Dr Mukhtar said was satisfied with the preliminary work and was ready to roll out its projects.
     
    He added that the grou. . .

  • Limak Cement Group penetrates the African market

    Posted on :Monday , 18th January 2016

     Limak Cement Group, a Turkey based Cement Company has issued an acquisition request of cement operations and supply in Africa. The company has expressed its interest in some of the African countries such as Mozambique and Ivory Coast.

     
    Among other major players in Africa cement market include Lafargeholcim, Germany’s Heidelberg and South African-based PPC. . .

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