Market News

The 2-3 bedroom houses to be constructed by Eban Properties will have prices ranging from $75,000 to $100,000. Show houses will be completed by December 2015. The residential development, called The Oxford, is the second to be announced by the project developers this year. In March, Appolonia lau . . .

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, announced today that it has acquired controlling stakes in two North African construction sector businesses. The equity investments in Shoresal and Almes, totaling USD $26.2 milli . . .

Leading cement manufacturer in Africa Dangote Cement is set to commission a new cement plant in Tanzania in October. The 3.0 million metric tonnes per annum cement plant is constructed in Mtwara District. The commissioning of the new cement plant in Tanzania is part of the company’s expansi . . .

 Barrow Properties broke ground for construction work on the second phase of Waverley office park in South Africa measuring 3 351m² and 2 123m2. This will create a rentable area of 5 742m² with completion expected for June 2016. According to the MD of Barrow Properties, Paul Barrow,W . . .

The government of Uganda has announced that it was embarking on a road maintenance programme to boost transport. Public roads in Uganda according to the government need a face lift. The maintenance of public roads in Uganda will cost a whopping US$ 26m. Michael Odongo, the executive director o . . .