Market News
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Ethiopia: Authority Launches Construction of U.S.$700 Million Expressway
Posted on :Tuesday , 15th December 2015
The 10,000km highway is designed for traffic levels forecast for the next 21 yearsEthiopian Roads Authority began construction of the Modjo-Hawassa Expressway, which, upon completion in five years, will have a million new trees flanking it on both sides.The official launch of construction of the first four phases from Modjo to Me. . .Ethiopia: Corporation Allocates 1 Bln. Usd for Industrial Parks
Posted on :Tuesday , 15th December 2015
Industrial Parks Development Corporation announced that it has allocated one billion USD to construct over ten parks in Adama, Makalle, Kombolcha, Jimma and Bahir Dar towns.
Briefing journalists on Corporation current activities yesterday, Corporation CEO with the Rank of State Minister Sisay Gemechu said that the government plans to construct ten new industrial par. . .Lagos Approves Flyover Bridges for Ajah, Abule Egba
Posted on :Tuesday , 15th December 2015
The Lagos State Government has approved the construction of flyover bridges for two of the state's high-density traffic zones - Ajah roundabout and Abule Egba junction. The two major projects were approved by the State's Executive Council and have been duly awarded to contractors for a speedy commencement of work.
In a statement yesterday by the state's Commissioner. . .Kuwait Fund Signs Nyagatare-Rukomo Road Agreement with East Africa
Posted on :Tuesday , 15th December 2015
A Loan Agreement was signed today in Kigali between the Republic of Rwanda and Kuwait Fund for Arab Economic Development whereby the Fund will extend a loan of Kuwaiti Dinars Four Million and Five Hundred Thousand Kuwaiti Dinars (K.D. 4,500,000/-), approximately 15.3 million US Dollars, to help finance the Nyagatare-Rukomo Road Project.
The Loan Agreement was . . .Uganda: Sukulu Phosphate Project Gets Shs788 Billion Boost
Posted on :Thursday , 10th December 2015
Kampala — The construction of Uganda Sukulu phosphate factory in Tororo District has got a boost of $240 million (about Shs787.7b) at the China-Africa Investment and Financing Forum held in South Africa.Industrial and Commercial Bank of China (ICBC) in cooperation with the Standard Bank Group will disburse the money in tranches to Guangzhou DongSong Energ. . .Please Select an Option
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