Market News
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ERCC boosts Ethiopia market share in road construction
Posted on :Wednesday , 2nd September 2015
Road construction in Ethiopia will now be dominated by the government after Ethiopian Road Construction Corporation (ERCC) rolled out a business plan to boost its market share in road construction to 50%.
The move is aimed at improving transport and communication in the country which will favor local market growth.The government of Ethiopia also intends . . ..jpg)
Electricity construction project in Sudan gets funding
Posted on :Tuesday , 1st September 2015
Electricity construction project in Sudan has received a boost after a US$ 200m contract was signed with the East Sudan Development Fund and the companies which won the implementation tender that will be used in the generation of electricity in East Sudan region.
First Vice-President General Bakri Hassan Salih, the Minister of Water Resources and electri. . .
The constructed 650MW Gas power Plant in Egypt goes Online
Posted on :Tuesday , 1st September 2015
The constructed 650MW gas power plant in Egypt has started going online in just 159 days after its ground breaking ceremony.
The gas power plant in Egypt that recently completed its construction is the first fast-track natural gas–fired project as it was being carried by two bodies one being Siemens and Egyptian firm Elsewedy Electric near the city. . .
Bamburi Cement net profit nearly doubles in first half
Posted on :Monday , 31st August 2015
A boom in construction and foreign exchange gains has helped Bamburi Cement’s net profit almost double for the six months to June. The cement manufacturer reported an 86 per cent leap in net profits to Sh3 billion, with the management projecting an even better second half.
The company, which is controlled by France’s Lafarge, attributed the strong perfor. . .
East Africa gets new cement plant
Posted on :Friday , 28th August 2015
A 600,000 tonne capacity Cimerwa Cement plant has been inaugurated in Rwanda at the cost of US$170mn
cementThe plant has been built in the Muganza sector of the Rusizi district in western Rwanda.With the current cement demand being 450,000 tonnes annually, the new plant is expected to cater to the growing demand. Surplus will be exported to neighb. . .Please Select an Option
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