The Aviation, Travel and Logistics Limited (ATL Ltd) has its work cut out for the next two years as the new chief executive takes office and construction works of Bugesera International Airport kicks off.   Lucky Cheong, the new chief executive of the holding firm, said, at the moment, they are deeply involved in the design of Bugesera International Airport as well as construction.   He said as construction work for the new airport.... Read more »

Posted on : Saturday , 25th February 2017

Reports indicating that real estate developers and agents found it difficult to find clients to buy and rent high-end properties last year should give them a complete shift in their business models. Developers will be required to adjust to the new economic realities and come up with the type of houses that meet the capabilities of a majority of Dar es Salaam residents.   With a deficit of three million housing units, the market is still.... Read more »

Posted on : Friday , 24th February 2017

The construction industry has been playing crucial role in expanding infrastructures such as roads, schools, health centres, real estates, irrigation, residential houses and the like. Hence, it created job opportunities for hundreds of thousands allover the country and established value chains through facilitating markets to cement industries and small scale enterprises. As rapidly growing economy, the nation aims at cultivating the sector so.... Read more »

Posted on : Friday , 24th February 2017

Ethiopia is a rapidly growing country that has been scoring a double digit economic growth for a decade. The availability of untapped natural resources coupled with its being the second populous country in Africa further makes the nation advantageous. Among others, the construction sector is instrumental in catapulting the nation to higher levels of development.   Without the construction sector, the burgeoning of all the economic sub.... Read more »

Posted on : Friday , 24th February 2017

Members of Parliament have approved the relevance of the Bill establishing the levy on imported goods for the financing of African Union (AU) operations.   The Bill, if enacted into law, will help the Government collect around Rwf1.5 billion annual dues to sponsor AU affairs as the continent seeks to get rid of donor dependence.   At least $1.2 billion (about Rwf898 billion) is expected to be raised by all African states to cater.... Read more »

Posted on : Friday , 24th February 2017

Kenyatta University is on the verge of constructing a whopping US$ 48m hostel that will see the invention of 6, 000 rooms.   The project is set to be developed by a New York-based private equity firm Africa Integras which confirms that it is now ready to proceed with the project after concluding negotiations with the financiers. The US fund was awarded the deal to lead the public private partnership (PPP) investment in 2014 and signed a.... Read more »

Posted on : Thursday , 23rd February 2017

Ethiopia's ties with Gulf countries is gaining momentum   Ethiopia and the United Arab Emirates (UAE) are desirous of strengthening their bilateral ties in economic and investment frontiers.   Special Advisor to Ethiopian Prime Minister Amb. Berhane Gebre-Christos and UAE's Deputy Prime Minister and Minister of Presidential Affairs Sheikh Mansour bin Zayed Al Nahyan held talks on ways of enhancing the Ethio-UAE bilateral ties on.... Read more »

Posted on : Wednesday , 22nd February 2017

The Ministry of Foreign Affairs announced that the Ethiopian Diaspora Community in different parts of the world raised 2,101,000 USD to back the construction of the Grand Ethiopian Renaissance Dam (GERD).   In a press briefing Friday, Ministry Spokesperson Tewolde Mulgeta said the contribution was made during the last six months in the form of bond purchases, donation and other funding mechanisms.   Tewolde added that the ministry.... Read more »

Posted on : Wednesday , 22nd February 2017

The construction of the Kigali Cultural Village has finally started, several years on. Heavy machines are on the ground preparing for what promoters, say will be a living museum meant to preserve and display Rwanda’s cultural heritage.   “The project has four phases and the first, which is fully funded by the government has kicked off,” said Belise Kariza, the chief tourism officer at Rwanda Development Board, which is.... Read more »

Posted on : Monday , 20th February 2017

In order to enhance the bilateral ties with Indian diaspora settled in Rwanda, India is all set to open its resident mission in the country's capital.    "India and Rwanda are great friends, and Rwanda has a good population of Indian community here and, we have had a valid complaint of not having a resident mission in Kigali. So, the government has already taken up the matter and in the coming week and months the physical.... Read more »

Posted on : Monday , 20th February 2017

Kigali (Rwanda), Feb. 19 (ANI): Vice President Mohammed Hamid Ansari, who arrived here today in the first leg of his five-day official visit to Rwanda and Uganda, said there is a renewed and more focused effort by the government to give a dynamic impetus to the relations with African nations after the India Africa Forum Summit (IAFS) conference in India. The Vice President, who was addressing the media onboard Air India One Special Aircraft,.... Read more »

Posted on : Monday , 20th February 2017

Tarime — Tanzania National Parks (TANAPA) has handed over a water dam built at Gibaso and Karakatonga villages in Tarime District. TANAPA Outreach Programme Manager Ahmed Mbugi handed over the project on Wednesday. "When it is full of water this dam can help residents of the two villages to enjoy water supply throughout the year," Mbugi said during the handing over ceremony.   TANAPA spent 74m/- to build the dam with a.... Read more »

Posted on : Saturday , 18th February 2017