Market News
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South Africa\'s Mediclinic to buy UAE\'s Al Noor Hospitals for $2.2B
Posted on :Friday , 23rd October 2015
South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region.
The deal will double the South African group’s presence in the UAE, further diversifying out of its slow growing home mar. . .Indian firms now show interest in the new construction project in Africa
Posted on :Friday , 23rd October 2015
Top firms in India are now seeking an opportunity to be involved in the construction of new capital in Egypt after
Egyptian Minister of Housing, Moustafa Madbouli, met with representatives of top Indian construction companies to look for ways they can be involved in the construction of the new city.Mr Madbouli said that there are many . . .Kenya- Tanzania launch new road to improve Trade connectivity
Posted on :Thursday , 22nd October 2015
Presidents Uhuru Kenyatta and his Tanzania counterpart Jakaya Kikwete have heaped praise on the ongoing construction of 90KM Mwatate-Taveta road.
The two leaders said the road is in the East African Community programme of the developing missing links along the regional infrastructure corridor.Speaking during the launch of the ro. . .Tanzania begins the construction of largest port in East Africa
Posted on :Tuesday , 20th October 2015
Tanzania begins the construction of largest port in East AfricaTanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize.
Officials in Ta. . .Construction firm Dorra announces plans to build 10,000 houses in Egypt
Posted on :Tuesday , 20th October 2015
Construction firm Dorra Group has announced plans to construct 10,000 residential houses in Egypt in a bid to tackle the current demand for housing in the country.
Managing director Omar Dorra said they intend to target the youth in their housing projectl.
He said that they recently submitted a request to the Ministry of Housing to develop a residential proje. . .Please Select an Option
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