N e w s

RIA airport in Liberia to be renovated into a state-of-the-art airport

Liberia Airport Authority (LAA) has, from last week, invited eligible international firms to express their interest in the expansion and renovation of the current Roberts International Airport (RIA), into a state-of-the-art airport facility. This will help handle the number of passengers at the airport, expected to grow to at least 450, 000 in coming years, as projected by LAA. Renovations into a state-of-the-art airport facility will offer.... Read more »

Posted on : Tuesday , 30th September 2014

Housing units worth USD 550m for Tanzania's defense forces to be constructed

Tanzania government has signed a US$ 550m concessional loan agreement with the Chinese Government for construction of 12,000 new housing units for the country’s military. The houses are going to be constructed at various towns and cities in Tanzania. Construction works for the housing project are going to be carried out in two phases, where 6,600 units will be constructed during the initial phase. These units are to be built by 2016 at a.... Read more »

Posted on : Tuesday , 30th September 2014

AfDB loans Burundi US$29.49m for road improvement and asphalting project

The African Development Bank (AfDB) has approved a grant of US$29.49 m to Burundi to carry on with the Phase 1 of the Nyakararo-Mwaro-Gitega Road Improvement and Asphalting Project. This report was issued on Friday last week. Infrastructure improvement works pertains to a 30-kilometre-long Nyakararo-Mwaro-Kibumbu road, an undertaking that will see the country benefit from regional trade. The new Nyakararo-Mwaro-Gitega Road Improvement and.... Read more »

Posted on : Tuesday , 30th September 2014

US$ 90m dual carriage road to be constructed in Eldoret, Kenya

Eldoret is set for an infrastructural change with construction of a US$ 90m dual carriage road. Members of the County Assembly in Uasin Gishu County approved the project, which is expected to commence as soon as the survey currently being done, is complete.   The road will link Eldoret town to Eldoret International Airport passing through the Kisumu road to the town centre, Chepkoilel junction to Iten Road. The length of the road has been.... Read more »

Posted on : Monday , 29th September 2014

Sub-Saharan Africa's infrastructure spending to exceed US$180 million by 2025, says PwC report

  The overall infrastructure spending in the sub-Saharan region is projected to grow by 10 per cent a year over the next decade and will exceed US$180bn by 2025, a new report by PricewaterhouseCoopers (PWC) reveals Nigeria and South Africa dominate the infrastructure market, but other countries like Ethiopia, Ghana, Kenya, Mozambique, and Tanzania are also poised for growth, the report added. “Growth prospects in most of the.... Read more »

Posted on : Monday , 29th September 2014

Rwanda's convention centre to become iconic landmark

Rwanda is putting up a landmark conference centre as part of its plans to reap from conference tourism. Kigali Conference Centre, a dome-like construction being built mainly using steel, will have a seating capacity of 2,600. According to Frank Murangwa, the Meetings Incentive Conference and Events (MICE) Division Manager at Rwanda Development Board, the convention centre will have 10 meeting rooms of varying sizes and the main arena which.... Read more »

Posted on : Monday , 29th September 2014

IFC acquires stake, injects Sh6b in Kenyan cement firm

The cash will enable National Cement Company expand its operations and create over 6,000 jobs he International Finance Corporation (IFC), a private sector lending arm of the World Bank, will inject  Sh5.9 billion ($70m) into National Cement Company Limited, a member of the Devki Group Of Companies  formed in 2008. The cash injection will enable the Athi River-based firm expand operations, increase local supply of cement and promote.... Read more »

Posted on : Saturday , 27th September 2014

Indonesia pays more attention to Sub-Saharan Africa for Construction Services

Jakarta (ANTARA News) - Indonesia pays more and more attention to Sub-Saharan Africa as promising emerging markets in the next decades. At a roundtable discussion on opportunities for investment and trade cooperation in construction services and products in Sub-Saharan Africa held recently by the Ministry of Foreign Affairs (MOFA), Nigeria, Mozambique and South Africa offered many opportunities to would-be investors as gateways to doing.... Read more »

Posted on : Saturday , 27th September 2014