Market News
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TPA plans to increase Dar Port capacity
Posted on :Friday , 11th September 2015
Tanzania Ports Authority (TPA) plans to increase capacity of Dar es Salaam Port for it to handle consignments from 15 million tonnes to 18 million tonnes per year with effect from next year, following a major renovation exercise.
Dar es Salaam Port Manager, Mr Hebel Mhanga told a press conference in Dar es Salaam that the Port will be able to handle consignments in . . .
Kenya: Construction of Kenya, South Sudan Fibre Optic Cable Commences to Enhance Communication and Inter-Border Trade
Posted on :Thursday , 10th September 2015
Kenya and South Sudan will be connected to a high-speed fibre optic cable within the next two years enhancing communication and inter-border trade.
The ICT Authority is implementing the Kenyan-side of the project through a World Bank fund estimated at a cost of USD 25.5 million dollars, while the Sudan side is estimated to cost USD 15 million dollars. The road const. . .
Zanzibar to construct new sea port
Posted on :Thursday , 10th September 2015
ZANZIBAR government has officially approved the construction of a new sea port at Mpiga-duri coastal area starting early next year. This was announced here by President Dr Ali Mohamed Shein saying that Exim Bank of China has already allocated 200 million US dollars as part of the funds for the project.
He said Zanzibar has been on the right track in achieving its development goals and. . .
China signs two construction deals worth US$5.5bn in Africa
Posted on :Thursday , 10th September 2015
China Railway Construction Corp Ltd., (CRCC) has signed two deals worth US$5.5bn for construction projects in Africa
railwaylinenigeria-johnwardCRCC’s China Civil Engineering Construction Corporation will build an intercity railway line for US$3.5bn in Nigeria’s Ogun State.The Chinese company has also won the order from the Zimbabwean Minist. . ..jpg)
Kenyas private sector new consortium eyes big tenders
Posted on :Thursday , 10th September 2015
Kenya’s private sector has formed a consortium in a move to tap into billions of shillings worth of investment opportunities arising from the Northern Corridor Integration Projects (NCIP). This comes following renewed calls by the private sector to have local companies play a bigger role in the development of mega-projects in the East African region, which are currently dominated al. . .
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