Africa Bulding & Construction Market News Exhibitions

Africa: Tanzania, Zambia, DR Congo to Construct $85 Million Bridge to Boost Trade

Dar es Salaam — Tanzania, Zambia and the Democratic Republic of Congo (DRC) are planning to construct a 700km bridge in an effort to boost trade relations among them. DRC's Katanga Province governor Jean-Claude Kazembe said here yesterday that the bridge to be constructed at Kasenga on the border between Congo and Zambia will cost $85 million (about Sh190 billion on the prevailing exchange rate). Upon constructing the bridge it.... Read more »

Posted on : Thursday , 16th February 2017

Rwanda: Govt Approves New Tax on Imports, Proceeds to Fund AU

Rwanda has introduced a new law enabling the levying of a tax on imported goods, with proceeds going to the financing of the African Union. A Cabinet meeting chaired by President Paul Kagame passed the draft law to establish the 0.2 per cent tax on imported goods. At the 27th African Union Summit held in Kigali in July 2016, African governments unanimously adopted a formula known as the Kigali Declaration proposed by a review.... Read more »

Posted on : Thursday , 16th February 2017

Tanzania: Japanese Contractor Asked to Speed Up Tazara Flyover Construction

Works, Transport and Communications Minister, Prof Makame Mbarawa has directed the contractor constructing the Tazara Flyover to speed up in order to reduce the duration the project. Speaking at the construction site in Dar es Salaam yesterday, Prof Mbarawa, hailed the contractor, Sumitomo Mitsui, for the progress made putting emphasis on increasing speed for people to start benefiting from the project. "Ensure to employ much.... Read more »

Posted on : Thursday , 16th February 2017

Rwanda: Ugandan Firm Acquires Kigali's Umubano Hotel for $20 Million

The new investor will renovate the facility to tap into growing country's tourism sector Rwanda's hospitality industry has received a major boost after Uganda's Madhvani Group acquired Umubano Hotel, ending a long-running delay that was hurting the credibility of this facility as well as tourism prospects. The 4- star facility , with 100 rooms, 14 suites, four conference rooms, a swimming pool, tennis court, and a mini-golf.... Read more »

Posted on : Wednesday , 15th February 2017

Rwanda: Airspace Agreement with Mali to Boost Trade Between Nations

Trade and tourism between Rwanda and Mali could flourish following a new bilateral Airspace Service Agreement signed yesterday in Kigali. Both countries agreed to open their airspace allowing their national carriers to operate without restrictions. According to the agreement, all air service operations will be conducted under the fifth freedom arrangement, which means an airline has the right to carry passengers from one.... Read more »

Posted on : Wednesday , 15th February 2017

Rwanda: Kigali Bans Business Offices in Residential Complexes

The office space business in the Rwandan capital Kigali is undergoing remarkable innovations as people dash to beat a March 2017 deadline to vacate offices from residential premises. The directive announced in early January gave businesses and Non-Government Organisations operating in residential premises a three months ultimatum to vacate. City of Kigali (CoK) authorities say the move is an implementation of the city master.... Read more »

Posted on : Wednesday , 15th February 2017

Ethiopia: AfDB Loans Out U.S.$159 Million to Ethiopian Airlines for Expansion

Ethiopian Airlines has received a $159 million loan from the African Development Bank (AfDB), boosting its expansion plans. The credit line, backed by the African Trade Insurance Agency (ATI), will enable the airline to expand its fleet as it targets to have 140 aircraft within the next decade from the more than 80 planes in its hangar. The Ethiopian flag carrier, the fastest growing airline in sub-Saharan Africa, seeks to.... Read more »