Market News
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Athi River Mining says new clinker plant to boost profit margins
Posted on :Tuesday , 22nd September 2015
Athi River Mining (ARM) Cement expects profitability to improve now that it produces its own clinker for its East African cement plants, the firm’s managing director has said. ARM Cement, East Africa’s second biggest producer after Bamburi cement, posted a pre-tax loss of Sh473.5 million ($4.5 million) in the first six months, which the firm blamed on unrealised foreign exchan. . .
Construction of Renaissance dam in Ethiopia in good course
Posted on :Monday , 21st September 2015
The construction of Renaissance dam in Ethiopia is in good course,Dam project director, Simegnew Bekele has announced. Bekele said that the project is steady and they believe it will be completed within the stipulated time.
The director added that they are making sure that the project is constructed to standards as they are currently using the latest technology that will ensure t. . .Japan to fund the construction of a research centre in East Africa
Posted on :Friday , 18th September 2015
Japan through its agency, Japan International cooperation Agency is set to construct a research centre in Ethiopia that will serve as a training and research center throughout Africa.
The construction project dubbed Kaizen institute will be built on a 3,000sqm piece of land at Sar Bet near the African Union in Addis Ababa.An agr. . .Kenya-South Sudan road construction gets funding from World Bank
Posted on :Wednesday , 16th September 2015
The World Bank has released US$512m for the construction of the Kenya-South Sudan road and also for the laying of the fibre optic cable which will eventually enhance trade between the two countries.
South Sudan’s ICT minister Rebecca Joshua Okwaci and her Kenyan counterpart Fred Matiang’i signed a memorandum of understanding in January this year, p. . .Dubai based Metito wins US$29mn African Infrastructure project contracts
Posted on :Monday , 14th September 2015
UAE water firm Metito has announced its participation in four municipal water projects in Egypt
Metito wins US29mn Egyptian water project contracts Metito’s involvement in the four municipal water projects is worth a combined US$29mn.The company, which has its headquarters in Dubai, will take advantage of the recent economic recovery in Egypt to particip. . .Please Select an Option
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