Market News

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 constructi . . .

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 implemen . . .

 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 Afri . . .

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 . . .

  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 30 . . .