Market News
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WORLD BANK GRANTS SH 54 BILLION FOR KENYA-S.SUDAN FIBRE OPTIC AND SUPERHIGHWAY PROJECT
Posted on :Friday , 11th September 2015
The World Bank has released over Sh54 billion to fund the laying of fibre optic cable and construction of a superhighway connecting Kenya and South Sudan.
The project, which runs concurrently in the two countries, was commissioned Wednesday following the release of the funds.The fibre optic cable will be placed along the Lokichar &nda. . .
African and Italian Constuction Companies collaborate to lauch new company
Posted on :Friday , 11th September 2015
Dangote Industries Limited has entered a multimillion joint venture agreement with Italy’s Saipem to establish a new company called Saipem-Dangote E&C
The new company aims to secure complex engineering and construction (E&C) projects in the Nigerian, Central and West African markets, said Dangote Group executive director Devakumar Edwin.<. . .
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. . .Please Select an Option
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