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Market News

  • Makerere University in East Africa constructs US$ 12.4m buildings

    Posted on :Thursday , 14th January 2016

     Makerere University in Uganda which is among the oldest institutions of higher learning in the country has started constructing the proposed US$ 12.4m buildings which will help curb the teaching space shortage at the university.

     
    The project which is being undertaken by Excel Construction Limited executing the works and funded by African Development Bank (AfDB). . .

  • Construction sector in East Africa to modernize

    Posted on :Thursday , 7th January 2016

    Ethiopia is seeking to modernize its construction sector by adopting technology. The country’s Ministry of Construction says it has embarked on a preparation plan to modernize Construction sector in Ethiopia in the GTP II period.

     
    The planning stage involves heads of regional bureaus and construction stakeholders.
     
    Minister of Cons. . .

  • Kenya and Uganda plan to build another corridor to boost trade

    Posted on :Tuesday , 5th January 2016

     Kenya and Uganda plan to build another corridor to boost trade between the two East African countries.

     
    Uganda National Roads Authority and the Kenya National Highways Authority are seeking funds from the African Development Bank (AfDB) for the project which will traverse Uasin Gishu County and to the west of the boundaries of Eldoret, Trans Nzoia.
    . . .

  • Ethiopia, Egypt, Sudan Announce Consent in Applying GERD Principles

    Posted on :Monday , 4th January 2016

    The agreement is a step forward towards finalizing and reaching agreement on the nomination of the two consultancy firms.

     
    Ethiopia, Egypt and Sudan announced Tuesday that they have reached consensus to put into practice provisions in the Declaration of Principles regarding the Grand Ethiopian Renaissance Dam (GERD).
     
    The three parties h. . .

  • Rwf11 Billion for Nyagatare-Rukomo Road Construction

    Posted on :Thursday , 31st December 2015

    The Government of Rwanda and Saudi Fund for Development (SFD) yesterday signed a $15 million (approximately Rwf11.2 billion) concessional loan to fund the construction of Nyagatare-Rukomo road.

     
    The 30 year concessional loan will support the construction of a 7 meter wide, 73 kilometer two lane tarmac road between Nyagatare and Rukomo, Claver Gatete, Minister for fin. . .

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