Market News
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Fate of Kudu Power construction Project in Namibia to be known 2016
Posted on :Wednesday , 4th November 2015
The fate of Kudu Power construction Project in Namibia will be known in mid 2016, Managing Director of National Petroleum Corporation of Namibia (Namcor), Immanuel Mulunga has announced.
Since the stalling of the project, cost has doubled up to about US $2.3bn and it will entail the transfer of gas from the offshore Kudu field to a floating production system. This will then be pi. . .Newly constructed 55MW solar power project in Tanzania commissioned
Posted on :Wednesday , 4th November 2015
The newly constructed 55MW solar power project in Tanzania has been commissioned. The project was launched at University of Dodoma (UDOM) in Tanzania with an in tension of making the institution one of Africa’s leading universities using renewable energy.
The project which is done in partnership with Ohio State University‘s (OSU) and UDOM will eventually establi. . .ABCEC receives huge budgetary allocation in construction sector
Posted on :Saturday , 31st October 2015
Association of Building and Civil Engineering Contractors (ABCEC) has expressed optimism that the construction industry in Zambia is poised for expansion following the allocation US$1.4m towards infrastructure development in the 2016 budget.
ABCEC president Michael Nyirenda said the proposed US$1.4m allocation towards infrastructure will boost infrastructure d. . .Kenya: NCA Sets Up Eleven Offices in Counties
Posted on :Friday , 30th October 2015
The National Construction Authority has established 11 satellite offices countrywide to effectively deliver services.
NCA executive director Daniel Manduku said the regional offices will ease pressure in the Nairobi office.The new offices are in Mombasa, Nakuru, Kisumu, Eldoret, Kitui, Nyeri, Isiolo, Garissa, Kakamega and Kisii counti. . .Africa: Chinese Company Launches Joint Cement Venture With Local Company
Posted on :Friday , 30th October 2015
The Chinese company, Asian and African Business Management, has teamed up with a Namibian company, Whale Rock Cement, to set up a 350 million U.S. dollar cement plant.
A memorandum of understanding was signed in Windhoek Thursday between the two companies to kick start the project that will see the creation of 400 jobs.The Chine. . .Please Select an Option
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