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Market News

  • Saudi Arabia to Finance Sudanese Agriculture, Dams Projects

    Posted on :Saturday , 7th November 2015

    El Riyadh — On Tuesday, Saudi Arabia signed four agreements on the funding of Sudanese dam, electricity and agricultural projects.

     
    After Saudi Arabia agreed on financing the projects, President Omar Al Bashir arrived to the Saudi capital of El Riyadh on Tuesday, with a delegation including FA Minister Ibrahim Ghandour, Finance Minister Badreldin Mahmoud, the M. . .

  • Kenya: Govt Proposes Premix Concrete for Storied Buildings

    Posted on :Saturday , 7th November 2015

    The National Construction Authority (NCA) has proposed that construction works for buildings above three floors be done using pre-mixed concrete delivered on site by licensed subcontractors.

     
    NCA's Buildings Inspectorate Secretary Moses Nyakiongora said they had also proposed that no onsite mixtures would be condoned.
     
    The move is aimed . . .

  • Dutch firm wins tender for expansion of Dar airport

    Posted on :Thursday , 5th November 2015

    BAM INTERNATIONAL HAS RECEIVED INSTRUCTIONS TO PROCEED WITH PHASE II OF DESIGNING AND BUILDING THE NEW TERMINAL III OF JULIUS NYERERE INTERNATIONAL AIRPORT (JNIA). FULLY KNOWN AS KONINKLIJKE BAM GROEP OR ROYAL BAM GROUP, IS A MAJOR EUROPEAN CONSTRUCTION-SERVICES BUSINESS WITH HEADQUARTERS IN BUNNIK, NETHERLANDS.
    The firm said in its website that the Tanzania Airport Authority (TAA), inst. . .

  • Chinese company to set up cement plant in Africa

    Posted on :Thursday , 5th November 2015

     Namibian and Chinese investors have announced a plan to set up a cement plant at the cost of US$350mn near Otjiwarongo, Namibia

    cement sebastianbarre flickrThe setting of the plant has enough limestone to last production for at least 40 years. 
    Whale Rock Cement (Whale Rock) is the local partner on the project along with Chinese Asia and Africa Business Manageme. . .

  • Africa Development Bank approves US$210mn for road infrastructure

    Posted on :Thursday , 5th November 2015

     The board of directors of Africa Development Bank (AfDB) has approved funding of more than US$210mn to support road infrastructure projects in Tunisia

    Tunisia Road Rusty Clark Wikimedia CommonsThe road project is expected to help reduce road accidents and improve road infrastructure resilience. 
    Tunisia’s Road Infrastructure Modernisation Project (PMIR) se. . .

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