Market News
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Portuguese firm Cimpor to expand presence in Africa
Posted on :Saturday , 22nd August 2015
Cimentos de Moçambique, a subsidiary of Portuguese cement producer Cimpor, has announced plans to invest US$250mn in a new integrated cement plant in Nacala, Mozambique
The new facility is expected to start functioning from 2018. A statement issued by the company said, “The new capacity to be installed increases the efficiency of the response to local demand for cem. . ..jpg)
Construction of first cancer hospital in Kenya begins
Posted on :Wednesday , 19th August 2015
The construction of first cancer hospital in Kenya is set to begin following a groundbreaking ceremony by the first lady, Mrs. Margaret Kenyatta.The hospital is a partnership between local entrepreneurs and General Electric Company.The construction of the state-of-the-art treatment centre at Ridgeways in Kiambu County will cost US$ 20m and will cat. . .
Construction of power projects in Tanzania set to start
Posted on :Wednesday , 19th August 2015
Construction of power projects in Tanzania is set to begin after 4 companies in the country were announced beneficiaries of US president Barrack Obama’s Power Africa initiative. The companies will eventually help in the expansion of renewable energy solution which targets rural areas.
The grants to construct the power projects in Tanzania which have been. . .
Africa agrees to raft of Chinese investment
Posted on :Tuesday , 18th August 2015
Equatorial Guinea has secured a wave of Chinese investment, following a trade forum in Dalian
The Equatorial Guinea-Asia Economic Forum was hosted in the Northeastern Chinese city by representatives of the West African nation’s Ministry of Mines, Industry and Energy, with the aim of showcasing the country’s investment opportunities.The Equatorial Guinean. . .
Construction industry in East Africa opens $50m complexes
Posted on :Tuesday , 18th August 2015
Constructions industry in Rwanda is on an upward trajectory after the country’s president Paul Kagame opened complexes worth $50m in the capital Kigali. The president challenged contractors to ensure they provide durable and quality structures.
Kagame congratulated local investors like Bertin Makuza whose 15-storey constructed building was inaugurated. I. . .Please Select an Option
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