Market News
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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. . .Kenya President Roots for Closer Partnerships in Infrastructure Development
Posted on :Monday , 19th October 2015
President Uhuru Kenyatta has called for closer partnerships between governments, regional and international investors to bridge financing gaps in infrastructure development.
President Kenyatta said governments cannot single-handedly invest in every infrastructure needed in the entire region due to resource constraints.He spoke d. . .Tanzania begins the construction of largest port in East Africa
Posted on :Monday , 19th October 2015
Tanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize.
Officials in Tanzania believe that the construction of lar. . .Newly constructed Mombasa port terminal to start operation in mid 2016
Posted on :Friday , 16th October 2015
Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be operational in June, 2016.
Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year.
The terminal which has a c. . .Djiboutis New Deal With This East African Nation Will Expand The Capacity Of Its Port
Posted on :Friday , 16th October 2015
Ethiopia and Djibouti have signed a deal worth $1.55 billion for the construction of a 550km refined petroleum products pipeline linking the two countries. The 20-inch pipeline which will transport diesel, petrol and jet fuel from Damerjog port in Djibouti to Awash terminal in central Ethiopia has been contracted to Black Rhino Group and Mining Oil & Gas Services (MOGS). Construction work i. . .
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