Market News
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McKinsey urges construction industry in Africa to strengthen
Posted on :Friday , 20th November 2015
Construction industry in South Africa should strengthen and emerge as a major player in Sub-Saharan Africa, an expert from research firm McKinsey Global Institute has said.
Christine Wu a partner in McKinsey’s Johannesburg office observes that construction industry in South Africa only accounts for 7% of market share in Sub Saharan Africa.&n. . .Construction of more rooms in Ramada Encore Hotel in Tanzania to begin
Posted on :Wednesday , 18th November 2015
US$ 20m has been set aside for the servicing of Ramada Encore Hotel in Tanzania under Ramada Worldwide, Managing Director Abdul Ismail has announced.
Mr Ismail said the decision to service the Ramada Encore Hotel in Tanzania was informed by the need to increase hotel rooms in Dar es Salaam which is Tanzania’s capital.
“We saw the need and decided . . .
Construction begins on largest gas power plant in sub-Saharan Africa
Posted on :Wednesday , 18th November 2015
Ghana has begun the construction of what it says will be the largest gas-fired power plant in sub-Saharan Africa to take advantage of the country’s rich reserves of natural gas.
The gas power plant in Ghana, developed by Cummins Cogeneration Limited and WUTA Energy, will generate 300mw of power when completed. The first 140mw phase will be connected to the Gh. . .Construction At Avon Peaking Power Plant Resumes
Posted on :Wednesday , 18th November 2015
Pretoria — KwaDukuza Municipality and Group Five have reached a power deal that will see construction activities resume at Avon Peaking power plant outside Shakaskraal, in KwaZulu-Natal's north coast.
This follows the dismissal of about 1 500 construction workers after going on an unprotected strike, which halted construction activities for the past six weeks.. . .Chinese firm begins the construction of police houses in Zambia
Posted on :Monday , 16th November 2015
Chinese firm Avic International has been awarded a contract to construct 2, 350 houses in Zambia for police officers at the cost of US $320m.
President Edgar Lungu indicated optimism for the project during the ground breaking ceremony for the construction of the first 48 houses in Zambia capital Lusaka. This is expected to be completed end of March 2016.
President Lungu no. . .Please Select an Option
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