Market News
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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. . .JKT, Polish firm to build tractor assembly plant
Posted on :Thursday , 29th October 2015
THE National Service economic wing (SUMA-JKT) and a Polish firm Ursus S.A signed a US $55 million deal for tractor supply and construction of an assembling plant.
The signing held at National Service (JKT) Headquarters was witnessed by Prime Minister Mizengo Pinda and former Polish president Lech Walesa, who is also a Nobel Laureate.
Premier Pinda said the deal was the out. . .Korean firm to build graphite plant
Posted on :Thursday , 29th October 2015
SOUTH Korean engineering firm, POSCO, may build and help arrange financing for a graphite project in Tanzania being developed by Magnis Resources, as the Australian explorer races to start production from the east African site by 2017.
Demand for graphite is expected to soar as it is a major ingredient in lithium-ion batteries for hybrid vehicles and wind and solar energy storage, with a. . .Please Select an Option
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