Market News
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Cargo airport in West Africa to be constructed
Posted on :Monday , 23rd November 2015
A US$100.51m cargo airport in Nigeria will be constructed in Nasarawa State, governor Tanko Al-makura, has said. The governor was speaking during the signing of the financial contract agreement between the state government and Tongyi Group Engineering, a Chinese firm tasked with the construction with their representative HYPAD .
The agreement stated that the Chinese firm wi. . .France boosts energy efficiency in East Africa
Posted on :Saturday , 21st November 2015
The French Development Agency (AFD) under the SUNREF programme has pledged to help in boosting energy efficiency in Uganda, the country’s Commissioner for Energy James Banabe has said.
AFD which seeks to finance green projects, has earmarked $13 million to fund companies looking to implement energy efficiency in Uganda by financing equipment and measures.
McKinsey urges construction industry in Africa to strengthen
Posted on :Friday , 20th November 2015
Construction industry in South Africa should strengthen and emerge as a major player in Sub-Saharan Africa, an expert from research firm McKinsey Global Institute has said.
Christine Wu a partner in McKinsey’s Johannesburg office observes that construction industry in South Africa only accounts for 7% of market share in Sub Saharan Africa.&n. . .Construction of more rooms in Ramada Encore Hotel in Tanzania to begin
Posted on :Wednesday , 18th November 2015
US$ 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. . .Please Select an Option
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