Market News

Ethiopia: Authority Launches Construction of U.S.$700 Million Expressway
Ethiopia: Authority Launches Construction of U.S.$700 Million Expressway
15 December 2015

The 10,000km highway is designed for traffic levels forecast for the next 21 years   Ethiopian 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 con . . .

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Ethiopia: Corporation Allocates 1 Bln. Usd for Industrial Parks
Ethiopia: Corporation Allocates 1 Bln. Usd for Industrial Parks
15 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 Sis . . .

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Lagos Approves Flyover Bridges for Ajah, Abule Egba
Lagos Approves Flyover Bridges for Ajah, Abule Egba
15 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 commen . . .

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Kuwait Fund Signs Nyagatare-Rukomo Road  Agreement with East Africa
Kuwait Fund Signs Nyagatare-Rukomo Road Agreement with East Africa
15 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 hel . . .

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Uganda: Sukulu Phosphate Project Gets Shs788 Billion Boost
Uganda: Sukulu Phosphate Project Gets Shs788 Billion Boost
10 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 B . . .

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