Market News

 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 c . . .

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 centr . . .

 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. & . . .

 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 sho . . .

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 lik . . .