N e w s

Rwanda: $14 Million I&M Bank Share Sale Proceeds to go Into New Airport Construction

Rwanda targets to use proceeds from the sale of its stake in I&M Bank to fund construction of the new Bugesera International Airport.   Finance minister Claver Gatete told Parliament on Tuesday that the government expects to earn about Rwf11.5 billion ($14 million) from its 19.61 per cent stake sale in the lender.   "The money will be invested as initial equity in the Bugesera airport," Mr Gatete said while presenting.... Read more »

Posted on : Friday , 10th February 2017

Kenya to See Boom in Conference Tourism in 2017 Despite Election Year

Despite being an electioneering year, 2017 is expected to be a boon for Kenya’s tourism, with a number of international conferences slated to take place here.   Confirmed hotel and conference hall bookings indicate 2017 will witness a hype of activity buoyed by 2016’s success that saw over 100 world leaders visit Kenya at different times.   In the past, election years in Kenya have attracted an intense focus by the.... Read more »

Posted on : Friday , 10th February 2017

Tanzania: Four Airports Await EIB Approval for Expansion

Dodoma — European Investment Bank (EIB) is set to decide on a proposal to upgrade and expand four airports, which are lined-up for fund receipt after completing the initial stage of scrutinising the contractors.   The EIB had agreed to fund a special programme of transforming transport links to remote regions of Kigoma, Kagera, Tabora, Shinyanga and Sumbawanga by committing 50 million Euros (over 100bn/-) in long-term funding,.... Read more »

Posted on : Thursday , 9th February 2017

Ethiopia: Parliament Approves $250 Million Loan Deal With Chinese Bank for Infrastructure Projects

Addis Ababa — Ethiopia's parliament on Tuesday approved a USD 250 million loan agreement made with China's Export-Import (Exim) Bank to finance major infrastructure construction in the country.   The loan agreement, already approved by the Ethiopian House of Peoples' Representatives, the lower house, would finance supply and construction of 400-kv power transmission projects of Genale Dawa III-Yirgalem II-Wolayita Sodo II-Hawassa II.... Read more »

Posted on : Thursday , 9th February 2017

Ethiopia: EAE Signs Deal with Local Contractors for Airport Terminal Construction

Ethiopian Airports Enterprise (EAE) concluded 2 agreements with contractors from Ethiopia, for the construction of Hawassa and Semera airports passenger terminals.   The construction of Hawassa Airport passenger terminal is going to be undertaken at an outlay of 126,534,721 Birr. The project is awarded for FE Construction Material Rental Production and General Contractor while the design work was done by Bereket Tesfaye Consulting.... Read more »

Posted on : Wednesday , 8th February 2017

Rwanda: New Taxpayers Responsible for Increased Revenue Collection

Rwanda's total revenue collections, excluding local government tax and fees, increased to Rwf514 billion in the first semester of 2016/2017 fiscal year compared to Rwf470.6 billion collected during the same period last year.   However, the figure falls short of the set target of Rwf516.5 billion and represents 99.7 per cent of performance level.   According to the Rwanda Revenue Authority (RRA), collections from local government.... Read more »

Posted on : Wednesday , 8th February 2017

East Africa: TAZARA Secures New Haulage Orders of Over 165,000 Tonnes

Dar es Salaam — The Tanzania-Zambia Railway Authority (TAZARA) has secured new orders to transport at least 165,000 tonnes of freight for various companies on the Copperbelt Province of Zambia this year following a renewed confidence to the hauler.   A statement issued by the company's Dar es Salaam office indicates that the freight orders follow TAZARA Managing Director's visitations to various shippers and logistics companies in.... Read more »

Posted on : Wednesday , 8th February 2017

East Africa: Dar es Salaam Port has Potential to Turn Tanzania Into A Trade Hub

Dar es Salaam — Tanzania should open up its Dar es Salaam port to trudge cargo volume, expand and build new transport links to make Tanzania a regional hub while turning the country as Dubai of East Africa, the East African Business Week can report.   "The Dar es Salaam port is an engine for economic growth, if we invest in logistic centers, improve on infrastructure and create a facilitative environment, we can easily turn Dar.... Read more »

Posted on : Wednesday , 8th February 2017

Tanzania: Local Firms to Gain Huge Business from SGR Construction

Construction of the first 300-kilometre stretch of the standard gauge railway between Dar es Salaam and Morogoro begins from next month to mark the beginning of one of the major infrastructure projects under the second Five-Year Development Plan (2016/17- 2020/21).   State-owned Reli Assets Holding Company Ltd (RAHCO) signed an agreement with a joint venture of Turkish firm Yapi Merkezi and Portugal's Mota-Engil Engenharia e.... Read more »

Posted on : Wednesday , 8th February 2017

Tanzania: Joint Venture by Portuguese, Turkish Firms Wins SGR Construction Contract

A joint venture between a Turkish and a Portuguese firm has won a tender for construction of 205 kilometres of Tanzania's standard gauge railway, part of the 1,216km stretch that will eventually link Dar es Salaam with the rest of the country as well as with Rwanda and Burundi.   The project, to be constructed at a total cost of $1.215 billion, will be undertaken by Yapi Merkez Insaat Ve Sanayi (Turkey) and Mota-Engil, Engenharie and.... Read more »

Posted on : Wednesday , 8th February 2017

Kenya: SGR on Schedule as Inspection of Locomotives Begin

The government has began the inspection and commissioning of locomotives for the standard gauge railway (SGR), moving to indicate that the completion of the first phase will be on schedule.   Speaking to journalists at State House, Spokesperson Manoah Esipisu said the first journey from Mombasa to Nairobi will start in June.   "Testing, commissioning and inspection of these locomotives has already begun. Kenya remains on track.... Read more »

Posted on : Tuesday , 7th February 2017

Kenya: Iron Sheets to Replace Safety Hazard Asbestos Roofing in 23 Schools

Hundreds of learners in 23 schools in Nakuru East constituency are learning under roofs made of asbestos, which poses a cancer risk to them, researchers have warned.   Cancer researchers say learning under old buildings with ageing and decomposing asbestos materials can increase the risk of getting lung cancer.   However, Nakuru East MP David Gikaria says the entire asbestos roofing material in the affected schools will be replaced.... Read more »

Posted on : Tuesday , 7th February 2017



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