Market News
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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. . .
Germany funds Infrastucture construction in Tanzania
Posted on :Thursday , 27th August 2015
The Federal Republic of Germany is planning to help Tanzania to construct the Southern Serengeti bypass Road.
President Jakaya Kikwete renewed his support for Serengeti bybass road through the northern portion of the park to link Mto wa Mbu, southeast of Ngorongoro Crater, and Musoma on Lake Victoria In July 2010.The African Net. . .
Kuwait invest in the infrastucture development in Tanzania
Posted on :Wednesday , 26th August 2015
Tanzanian president Jakaya Kikwete has opened a ‘key road in Tanzania whose construction was sponsored by Kuwait government’s Fund for Arab Economic Development.
During the opening ceremony of marking the main road in Tanzania Mr. Jakaya Mrisho Kikwete expressed his gratitude to Kuwait for road infrastructure support.
Kuwait Funds the construction of key road in Tanzania
Posted on :Tuesday , 25th August 2015
Tanzanian president Jakaya Kikwete has opened a ‘key road in Tanzania whose construction was sponsored by Kuwait government’s Fund for Arab Economic Development.
During the opening ceremony of marking the main road in Tanzania Mr. Jakaya Mrisho Kikwete expressed his gratitude to Kuwait for road infrastructure support.Please Select an Option
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