Market News
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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. . .Athi River Cement Eyes Sh12.7 Billion Expansion Plan
Posted on :Thursday , 31st December 2015
Cement manufacturer Athi River Mining (ARM) is talking to a strategic investor to support its expansion plans.
The firm, while remaining cagey about what the planned capital injection to the tune of Sh12.7 billion on Monday said, "discussions are still going on and further details of the investment shall be made available to the shareholders of the company and . . .Please Select an Option
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