Market News
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40 Investors Show Interest in Africa
Posted on :Friday , 10th July 2015
The Africa Investment Promotion Commission has said not less than forty intending investors have besieged the Commission for guide about investing in the African economy in the last one month.
The Executive Secretary of the Commission, Mrs Uju Aisha Hassan Baba disclosed this while responding to questions on the impact of security on foreign direct investment . . .TANZANIA WINS FUNDS TO BOOST TRANSPARENCY AS INFRASTRUCTURE PROJECTS GATHER PACE
Posted on :Friday , 10th July 2015
The World Bank Group has set aside $100 million to help Tanzania increase transparency and accountability in governance and boost public financial management as the country ramps up a series of major infrastructure projects.
The bank said the “first-of-a-kind” ‘open government and public financial management development policy operation (OGPFM) in Tanzania, fina. . .UPGRADE AT DAR PORT IMPRESSES WORLD BANK
Posted on :Friday , 10th July 2015
Dar es Salaam. The World Bank, which is one of the financiers for a $596 million (about Sh1.1 trillion) Dar es Salaam Port upgrade, said at the weekend that it is impressed by the ongoing improvements.
The World Bank is cooperating with the UK’s Department for International Development and TradeMark East Africa (TMEA) to inject a total of $596 million in the project of deep. . .Africa: Infrastructure Investment Is the Foundation for Economic Growth
Posted on :Thursday , 9th July 2015
Over the past two decades the average investment in infrastructure as a percentage of GDP has hovered around 5 per cent, a much lower ration when compared to growing economies such as China that invest about 9 per cent of their GDP in infrastructure development. This lower ratio is an indication that more investment in this sector is still needed and indeed so it is not surprising that Na. . .
APR Energy lands a 27 million gas turbine supply contract in Egypt
Posted on :Tuesday , 7th July 2015
APR Energy is set to provide a gas turbine power plant for an industrial customer in Egypt after landing a €27 Million contract.
The leading world Mobile power supplier signed the deal early this week after a competitive tender that attracted many companies to provide a gas turbine power plant for an industrial customer in Egypt.The project, which is for a mini. . .Please Select an Option
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