Where to Invest in Africa 2019? RMB has the answer. Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. According to a report prepared after an extensive study by South Africa based Rand Merchant Bank (RMB). The RMB Investment Attractiveness index scrutinises a countries’ economic and operating environments to evaluate their potential to attract investment. Their report is a.... Read more »

Posted on : Thursday , 7th February 2019

Kenya has disclosed it's plans to construct 2,720 high-rise apartment units in Nairobi’s Ngara estate in a development project that will gift the Kenyan capital its tallest homes beating 22-storey Le’mac Towers, Nairobi’s residential tower. The project is in alignment with the government’s affordable housing agenda. Chinese billionaire Zeyun Yang said, “This iconic project is bound to change the Nairobi skyline.... Read more »

Posted on : Monday , 4th February 2019

Ethiopian Prime Minister Minister Abiy Ahmed has inaugurated the newly expanded Addis Ababa Bole International Airport terminal, the biggest airport aviation hub in Africa exceeding Johannesburg’s O.R. Tambo International Airport. The China-funded project began construction in 2015 at a cost of US $35m. The terminal has been fitted with modern amenities including automated bag drop solutions, e-gates, self-check-in kiosks, baggage.... Read more »

Posted on : Wednesday , 30th January 2019

Ethiopian Airline is set to launch US $65m Ethiopian Skylight Five Hotel this month. This is according to the Airline’s Head of Infrastructure Planning and Development, Abraham Tesfaye. The Head of Infrastructure Planning said that the million dollar hotel whose construction  began in 2016, will be officially opened to the public on the 28th of January. The hotel is located five minutes from the Bole International Airport in Addis.... Read more »

Posted on : Friday , 18th January 2019

The total number of projects in East Africa has risen by a substantial 96% between 2017 and 2018 with an equally substantial increase of 167% in the total US dollar value of projects, a new report has shown. The Africa Construction Trends (2018) by consultancy firm Deloitte, reveals that East Africa has a total of 139 projects at a combined value of US$87.1bn. The region accounts for 28.8% of projects on the continent and 18.5% in terms of US.... Read more »

Posted on : Monday , 14th January 2019

More than 806 acres of land has been set aside for construction of new industries by the government of Tanzania in the country's northern city Arusha. Construction is set to take place on the southern fringes of the 272 square-kilometer metropolitan area. As per the Arusha 2035 Master Plan prepared by consultants from Singapore, Oljoro, Olmoti and Terrat suburbs will accommodate the new industrial site. A survey was done marking 300.... Read more »

Posted on : Saturday , 12th January 2019

Investment opportunities in infrastructure construction is set to expand at a rapid pace in East Africa. According to GlobalData, total infrastructure construction output is expected to soar from US$25.9bn in 2017 to US$98.8bn in 2022 in the three largest markets in the region, Ethiopia, Kenya and Tanzania.   Yasmine Ghozzi, construction analyst at GlobalData said that Investment rates in transport infrastructure have been increasing.... Read more »

Posted on : Monday , 7th January 2019

Ethiopia’s water and energy minister Seleshi Bekele announced on Thursday that the country will start energy production at the Grand Renaissance dam in December 2020. The 6,000-megawatt Grand Renaissance Dam is the centerpiece of Ethiopia’s bid to become Africa’s biggest power exporter. Bekele told the parliament that 750 megawatts is the planned initial production with two turbines and that the government expected the dam to.... Read more »

Posted on : Friday , 4th January 2019

Chinese-built Jimma Industry Park in Ethiopia’s historic western town of Jimma, some 350 km west of the capital Addis Ababa, was inaugrated by Ethiopian's Prime Minister Abiy Ahmed, Djiboutia's President Ismail Omar Guelleh and Sudanese's President Omar al-Bashir on Saturday. The three leaders also witnessed a corner-stone laying ceremony for another Chinese-contracted major road infrastructure project as the Ethiopian government aspires.... Read more »

Posted on : Friday , 28th December 2018

Big ticket infrastructural projects including the multi-billion Standard Gauge Railway (SGR) have driven up demand for steel products in the country. One of the largest steel makers in Bangladesh is set to open a Sh6.5 billion ($65 million) factory in Kenya. Bangladesh Steel Re-Rolling Mills Ltd (BSRM) announced the local venture to be known as BMS Steel Limited. It is backed by a consortium of unnamed Kenyan, Mauritian and UAE.... Read more »

Posted on : Wednesday , 26th December 2018

The Ethiopian Roads Authority (ERA) awarded eight road projects out of the total nine to different companies late last week, the ninth one being won by a Chinese firm who made the highest offer to construct a 68.8Km alternative road for Limalimo. Founded in 1993 in Beijing, Beijing Urban Construction Group Co. Ltd offered 31 million Br a kilometre to construct the road that extends from Debarqe to Zariema, in Amhara Regional State. The company.... Read more »

Posted on : Wednesday , 12th December 2018

Keeping the importance of secure low cost housing in mind, plans have been announced by Ethiopia’s Federal Housing Corporation (FHC) to build 16,173 homes in the capital city of Addis Ababa at an estimated cost of around $1.2bn.  The housing will be allocated for rental houses to employees of businesses and the state officials in a 50-50 division. In the conference held by the corporation for the various stakeholders the deputy head.... Read more »

Posted on : Wednesday , 12th December 2018