Market News

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 Ethiopi . . .

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 l . . .

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 in . . .

Flawed design delayed this project though the first segment of road was completed 10 years ago   A road design which had intended to demolish the historic building at the La Gare train station finally gave way to another design that makes a detour, allowing road construction to resume on Dece . . .

Expansion works on the Tema Port will start next year. The first phase of the $1.5 billion project is expected to be done in about three years.   The port is expected to handle thrice its current traffic of about one million Twenty-foot Equivalent Units (TEUs) when completed, according to mar . . .