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Market News

  • 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.
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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

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    CRCC’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. . .

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