The construction industry in the country is projected to grow steadily and outperform all Sub-Saharan countries for the next 10 years.   The growth has been based on the government's huge spending on infrastructure projects like the standard gauge railway and the Lamu port alongside foreign investment flow.   The market is, for instance, expected to grow by 8.7 per cent in 2017 and remain steady up until 2026 with an annual growth.... Read more »

Posted on : Thursday , 16th March 2017

Dubai, UAE – Expogroup is delighted to announce that Samsung Electronics East Africa has signed up as a sponsor for BUILDEXPO Africa 2017, the 20th edition of East Africa’s largest building and construction show. The events will take place at the Kenyatta International Conference Centre (KICC) in Nairobi, Kenya from the 20th to 22nd April, 2017 and at the Mlimani City Conference Centre (MCCC) in Dar es Salaam, Tanzania from the 10th.... Read more »

Posted on : Tuesday , 14th March 2017

President John Magufuli yesterday unveiled a new package of plans to upgrade ports, railway and road networks to spur economic development. The ambitious plan whose execution is expected to start effectively this year will also shake-up residents whose structures are sitting within the protected areas.   President John Magufuli who is also the CCM National Chairman briefed the party's extraordinary congress here on the commencement of the.... Read more »

Posted on : Tuesday , 14th March 2017

Ongoing demolition of unplanned structures along the central railway line from the City centre to Pugu Station by state owned Reli Assets Holding Company (RAHCO) is slated for completion tomorrow.   Speaking to 'Daily News' yesterday, RAHCO Public Relations Manager Ms Catherine Moshi said between 250 and 300 houses, mostly kiosks will be demolished along the railway line to pave way for construction of the Standard Gauge.... Read more »

Posted on : Tuesday , 14th March 2017

Addis Ababa — In rural and urban Ethiopia, Chinese contractors are busy building railways that are counted upon to speed up the industrialization of the east African country. Their presence has brought the locals life-transforming opportunities.   To achieve the goals set by the government of Ethiopia that targets 2,750km railroads by the end of 2020, many Chinese firms aided by Ethiopian laborers are working around the clock to.... Read more »

Posted on : Tuesday , 14th March 2017

Ethiopia and China signed a memorandum of understanding (MoU) which would enhance the cement industry.   The 2017 Ethio-China Cement Forum (ECCF) themed: 'Partnership in Excellence' was opened here yesterday.   Speaking at the occasion, Industry State Minister Dr. Alemu Sime emphasized that the forum is vital to draw the Chinese vast experience in the sector.   He further said that there is a high potential for the cement.... Read more »

Posted on : Monday , 13th March 2017

Japanese government has given a grant amounting to $147, 075 (approx. Rwf121 million) to two local organisations that will supply water in the districts of Muhanga and Bugesera.   The two projects will increase access to clean water in areas where residents had for long experienced water shortages.   The recipients are Movement for the Fight against Hunger in the World (MFLM) and Rwanda Environment Conservation Organisation.... Read more »

Posted on : Monday , 13th March 2017

Agri-productivity could improve thanks to a new World Bank Group's credit line.   The Government of Rwanda and World Bank Group yesterday signed a $46 million (approx. Rwf38 billion) loan to support farming across the country.   The money is part of the International Development Association (IDA) funding agreed upon back in 2014.   Amb. Claver Gatete, the Minister for Finance and Economic Planning, and Yasser El-Gammal, the.... Read more »

Posted on : Monday , 13th March 2017

Cement maker Bamburi Group has reported flat growth in its after-tax profit, citing falling demand in domestic and regional markets as well as rising competition.   The Nairobi Securities Exchange-listed company recorded a profit after tax of Sh5.89 billion for the year ended December 2016, a 0.3 per cent rise over the profit recorded during a similar period last year. The company's turnover fell to Sh38 billion from Sh39.2 billion in.... Read more »

Posted on : Monday , 13th March 2017

Marie-Claire Kayeze sat in front of her home, surrounded by her seven children, clutching a letter.   "They keep moving me," she said angrily. "This is a good home, and I want to stay here."   Kayeze was forced to move to Batsinda, a cheap housing estate in a northern Kigali suburb in 2007 after her old neighbourhood was cleared to make way for a proposed new business district in the Rwandan.... Read more »

Posted on : Monday , 13th March 2017

President Donald Trump spoke on Tuesday with President Uhuru Kenyatta, with the White House saying that the US leader sought to "reaffirm the strong bilateral relationship between our two countries."   The telephone conversation also focused on "economic partnership and mutual dedication to overcoming terrorism and other regional security challenges through close cooperation," a statement from White House.... Read more »

Posted on : Thursday , 9th March 2017

The Addis Ababa Youth and Sports Bureau senior officials and employees pledged to continue financial supporting for Grand Ethiopian Renaissance Dam (GERD) in a recent held meeting.   It was also noted that the Bureau bought bonds worth over 1.3 million Birr through coordinating various government and public wings during the recent bond week.   Bureau Head Nigatu Dagnachew said on the occasion the construction of GERD is well.... Read more »

Posted on : Thursday , 9th March 2017