The IMF and the World Bank have released the growth estimates for Rwanda to 7.2 percent . The International Monetary Fund(IMF) has retainied the economic growth projection for 2018 at 7.2 percent based on strong industrial policy and favourable climate which helped in boosting agricultural output. Rwanda is one of the fastest growing economies with an average growth rate of 7 percent every year since 2000.   Laure Redifer the head of.... Read more »

Posted on : Tuesday , 9th October 2018

The Tanzanian government has selected well known Swedish-Swiss multinational corporation, ABB to supply complete substation equipment and engineering solutions for a 530 km-long high-speed electric line stretching between Dar es Salaam and Makutupora.  Termed as a landmark project, the line is intended to link Tanzania’s port cities with interior areas and neighbouring countries to stimulate regional trade and passenger travel in the.... Read more »

Posted on : Thursday , 4th October 2018

Construction work on the 1,545 km road linking the port of Mombasa and Burundi dubbed the Mombasa-Bujumbura highway is now complete and is set to increase trade  between the two countries. Transport Cabinet Secretary James Macharia, confirmed the reports and said the road which is part of  the Trans-African Highway, links the port through Holili, Singida-Kobero border and finally to Bujumbura, slashing the distance between Mombasa.... Read more »

Posted on : Thursday , 4th October 2018

Rwanda and India have signed a US$66.60 million (Approximately Frw 56 billion) concessional loan agreement worth US$66.60 million (Approximately Frw 56 billion) towards the construction of the Base- Butaro-Kidaho road project. Dr. Uzziel Ndagijimana, Rwandan Minister of Finance and Economic Planning signed on behalf of the Rwandan Government along with Mr. Tarun Sharma, General Manager and Regional Head of India Export Import Bank representing.... Read more »

Posted on : Monday , 1st October 2018

British architecture firm aLL Design and Nanyuki Cedar Mall developer Kiloran Development Group Kenya is set to construct the largest mall space on the periphery of Nairobi’s City Centre. The development will aim to become a stand alone retail leisure destination but will also have offices. The shopping mall which will be christened ‘The Beacon’ is planned to be set on a site off the east of Uhuru Highway towards Bunyala Road.... Read more »

Posted on : Saturday , 29th September 2018

In November 2018, Hyundai East Africa Ltd., is participating at Buildexpo Africa – Tanzania to promote the state of the art Excavator R220LC-9S. As a Prime Platinum Exhibitor at the International Exhibition the company looks to attract top industry professionals from all over the continent, including Builders, Developers, Importers, Architects, Consultants, Engineers, Manufacturers and Investors who may be key decision makers for their.... Read more »

Posted on : Friday , 21st September 2018

Watamu shoreline, in Malindi Kenya is set to have the tallest high rise in Africa eclipsing the Pinnacle Tower in Nairobi's Upperhill region that stands at 70 stories and 300 meters in stature and as at now is the tallest high rise in the landmass. The Palm Exotica upon fruition will tower a tallness of 370 meters, and will be a 61-story building. It was outlined by Italian engineer Lorenzo Pagnini and is said to be a blended utilized.... Read more »

Posted on : Friday , 21st September 2018

Tanzania has anchored a US $1.46bn concessional credit from the Standard Chartered Bank Group to subsidize its Morogoro-Dodoma standard check railroad (SGR). As per Dr. Philip Mpango, Finance Minister the new credit is a piece of an understanding came to with Standard Chartered Bank Group Executive Director Bill Winters in Dar es Salaam, which will go to finance the 430 km line among Morogoro and Makutupora. The legislature has so far.... Read more »

Posted on : Thursday , 20th September 2018

DAR ES SALAAM  -- According to the Minister for Finance and Planning, Philip Mpango, emphasis in 2018 and further will be focused on construction and rehabilitation of infrastructure including airports, railways, roads, bridges and ports. He said approx. 5.3 billion U.S. dollars for the upcoming 2018 fiscal year, have been allocated for implementation of the outlined development plan and projects. The Government of Tanzania today outlined.... Read more »

Posted on : Friday , 7th September 2018

Rwanda Development Bank (BRD) has unveiled a housing project, which promises to ease the shortage of affordable housing in the country. A certified study by the City of Kigali, the Ministry of Infrastructure, and the European Union showed that Kigali could face a housing deficit of 344,000 homes by 2020. Currently about 800 and 1,000 housing units are constructed in Kigali annually, the majority targeting high-income earners, leaving the.... Read more »

Posted on : Saturday , 1st September 2018

The Rukwa coal plant project is scheduled to complete the processing plant upgradation work by the end of September. The company carrying out the project Edenville Energy said that post upgradationthe plant will allow for increased throughput. After reviewing various options for acquiring a pre-screening plant to remove the majority of coal fines before reaching the washing circuit, both in Tanzania and overseas, a suitable configuration was.... Read more »

Posted on : Saturday , 1st September 2018

The Minister for Finance of Tanzania said on Monday that the economy is expected to grow by 7.2 percent in 2018, up from around 7.1 percent last year, and the fiscal deficit will increase on the back of higher infrastructure spending.  Economic output in the East African nation is expected to be boosted by positive activity in the key mining, construction, transport and communications sectors. In a special address to the parliament,.... Read more »

Posted on : Saturday , 1st September 2018