Market News
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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. . .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. . .Please Select an Option
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