Market News
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Tanzania Considering Reducing VAT On Real Estate
Posted on :Monday , 6th July 2015
The Government of Tanzania announced that is currently evaluating a considerable reduction on the Value Added Tax (VAT) on houses in order to boost the investment in real estate in Tanzania and raise living standards.
tanzania-vat-real-estateThe reduction on the VAT is aimed at helping low income families to purchase a property from the National Housing Corporation (NHC) which this year . . .Construction Work on New Compressed Natural Gas Plant in Southern Durban begins
Posted on :Saturday , 4th July 2015
Spring Lights Gas (SLG) which is one of the largest Piped gas suppliers for KwaZulu Natal Industry is set to commission a new compressed natural gas (CNG) Plant in Southern Durban before the end of this year.
The CEO of Spring Light Gas, Nkosinathi Solomon noted recently that construction work on the plant had already begun but hesitated to give the exact cost. . .Top Japanese firms set to land deal & construction agreement with Africa
Posted on :Friday , 3rd July 2015
Top Japanese firms are set to land Egypt’s US$45 Billion city construction that will kick off in few months time.
According to the Egyptian government sources six Japanese firms are likely to implement Egypt’s new city project.The country’s daily Amwal Alghad said that the deal between the government and the Japanese firms offer is currently on its. . .Africa: Damietta furniture manufacturing hub to be constructed
Posted on :Thursday , 2nd July 2015
Africa's Trade and Industry ministry is set to construct a world class furniture manufacturing city in Damietta which is located towards the Mediterranean Sea. According to Egypt’s minister for trade & industry Mounir Fakhry Abdel Nour the project which is located 15km from the Mediterranean Sea, and 200km north of Cairo will span an area of 1.4sqm (331 feddan; 1 feddan = 0.42ha. . .
African states sign cyber-security deal
Posted on :Thursday , 2nd July 2015
Uganda, Kenya and South Sudan are among several African states to have signed a new deal on cyber security to protect multi-million-dollar oil and transport projects.
Presidents Yoweri Museveni of Uganda, Paul Kagame of Rwanda and Uhuru Kenyatta of Kenya signed a memorandum of understanding on cyber security at the 10th Northern Corridor Integration Summit in the Ugandan capital,. . .Please Select an Option
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