Market News
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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. . .
Construction of Power plants in Egypt gets funding from Japan
Posted on :Wednesday , 9th September 2015
Construction of power plants in Egypt has received a boost following the signing of a deal worth $243 million with Japan International Cooperation Agency.
The funds which will be channeled to Egyptian electricity companies are aimed at enhancing the country’s troubled electricity sector that has seen several areas experience outages.
Chinese firm to build new industrial park in East Africa
Posted on :Wednesday , 9th September 2015
China Civil Engineering Corporation (CCECC) has concluded a US$246mn deal with Ethiopia’s Industrial Parks Development Corporation (IPDC) for the construction of the Hawassa Industrial Park
Ethiopian firm MH Engineering has been appointed as a consultant on the project, which will be completed in nine months. The industrial park will focus on garment man. . .Please Select an Option
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