Market News

 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 wi . . .

 Sino Cement Zimbabwe is setting up a brick and tile manufacturing unit in Gweru, Zimbabwe at the cost of US$20mn Brick Factory - adam fletcher - Wikipedia CommonsThe unit will create about 200 local jobs and manufacture about 60mn bricks annually.  The cement producing company is a subs . . .

 Uganda’s property market has continued to show signs of recovery in the retail and office sectors, amid concerns over high interest rates and volatility of the shilling.   Retail performance, according to crane management services, remained vibrant during the first half of the yea . . .

The construction of the 20 inch Nairobi to Mombasa in Kenya oil pipeline will be completed by end of December 2016, officials have said. Permanent Secretary in the Ministry of Energy and Petroleum Joseph Njoroge told Xinhua in Nairobi that the 485 million U.S. dollar pipeline will reduce the cost tr . . .

 The Tanzania Portland Cement Ltd (TPCC) has embarked on conducting training for more than 1,000 block makers across the Lake Zone. The move is aimed at helping the block makers produce blocks according to standards requirements.   Mr Simon Delens who is the Director of TPCC said the ser . . .