N e w s

Ethiopia: Parliament Approves Loan Deals With China for Infrastructure Projects

Addis Ababa — Ethiopia's parliament on Tuesday approved three loan agreements worth over 380 million U.S. dollars made with the Chinese government and the Export-Import Bank of China to finance major infrastructure constructions in Ethiopia.   The three loan agreements already approved will finance two road construction projects in Ethiopia's capital Addis Ababa and upgrade the capital's electric grid system, according to Birhanu.... Read more »

Posted on : Friday , 30th December 2016

Rwanda: Major Road Rehabilitation to Boost Regional Trade

A FEASIBILITY study for the rehabilitation of the 79-kilometre road network stretching from Ngororero, Nyabihu and Musanze town to the Rwanda-Uganda border at Cyanika is complete and the works will begin soon.   The rehabilitation project will require at least $85 million (about Rwf70 billion) to complete, according to the feasibility study done by Rwanda Transport Development Agency (RTDA).   Olivier Kabera, the coordinator of.... Read more »

Posted on : Friday , 30th December 2016

Rwanda: New Multi Million Dollar Market Almost Ready

Musanze District investors have proved that union is strength as final touches are being put on the modern market constructed by a local association.   The construction of the market by Gorilla Investment Company (GOICO) started two years ago and owners say that by February next year, the market will have been opened.   It is constructed in town on the same old plot which hosted decades-old market.   It is set to attract.... Read more »

Posted on : Friday , 30th December 2016

Tanzania: County Sets Two-Week Deadline for Toilet Construction

Ruangwa — Lindi Regional Commissioner Godfrey Zambi has issued a two-week ultimatum to Ruangwa District's residents to construct toilets as part of efforts to check water-borne diseases, especially cholera.   Mr Zambi ordered the District Commissioner, Mr Joseph Mkirikiti, to embark on a house-house inspection by January 15, next year and impose a 50,000/- fine to those failing to comply with the directive.   The RC issued.... Read more »

Posted on : Friday , 30th December 2016

Ethiopians in China Purchase GERD Bonds Worth $14000

Ethiopians and foreign nationals of Ethiopian origin residing in Beijing, China, have pledged to purchase bonds worth 14,000 USD to finance the construction of the Grand Ethiopian Renaissance Dam (GERD).   In a press release sent to The Ethiopian Herald, Office of the Spokesperson of the Ministry of Foreign Affairs said the pledge was made at an event organized to mark the 11th Nations, Nationalities and Peoples Day on the premises of.... Read more »

Posted on : Friday , 30th December 2016

Kenya: Country to Get New Dam Through Public-Private Partnership

Water and Irrigation Cabinet Secretary Eugene Wamalwa on Wednesday said the government will build a Sh60 billion dam in Galana-Kulalu through a public-private partnership.   The two-billion-cubic-metre dam would supply irrigation water for 500,000 acres to be launched in March 2017.   Mr Wamalwa said local and international investors had been invited to take part in the project.   "Despite challenges, the Galana-Kulalu.... Read more »

Posted on : Friday , 30th December 2016

Ethiopia: Two Additional Dams Planned to Ease Water Shortage

The planned dams are part of GTP II.   The Awash Basin Authority (ABA) plans to build two additional dams which could help prevent water shortage at the region that has over 18 million inhabitants.   Authority Director General Getachew Gizaw said the dams, part of GTP II, would also help prevent flooding at the middle and lower Awash areas.   Previously, three dams, namely Koka, Kesem and Tendaho were built on the 1,250 -kms.... Read more »

Posted on : Thursday , 29th December 2016

Rwanda: Kigali Roads Expansion Project to Begin in January

The much anticipated roads expansion project across the city is set to commence in January, according to officials from the City of Kigali.   The roads expansion project is set to cover about 54 kilometres, mainly targeting expanding roads to a dual carriage way with two lanes on each side.   Chinese firm, China Road Bridge Corporation, has been contracted to do the work.   The project is expected to address traffic jams,.... Read more »

Posted on : Wednesday , 28th December 2016

Kenya: Over 2,500KM Roads to be Built Next Year

The government will launch the construction of 2,500 kilometres of roads before the next General Election, Transport Principal Secretary John Mosonik has said.   Mr Mosonik said it was part of the "10,000 programme" of low volume traffic road.   "A total of 2,327 kilometres of roads in 30 counties are being built while an additional 2,500 kilometres are under evaluation and will be launched in early 2017 to cover.... Read more »

Posted on : Wednesday , 28th December 2016

How Will Trump Impact East Africa's Industrialisation Drive?

The global mood has shifted since Donald Trump’s surprise victory in the US presidential election. Europeans are fretful and Mexicans are panicking but many of the US investors we met in mid-November have become intensely optimistic about the prospects for their own economy. No one is quite sure whether this will benefit emerging markets or not and many Trump supporters probably don’t care. Their vote was to make America great again,.... Read more »

Posted on : Wednesday , 28th December 2016

Rwanda: EU Releases €10 Million for Rural Roads Refurbishment

European Union Commission has transferred the final €10 million disbursement of the €40 million grant for construction of 200 kilometer feeder roads in rural areas to support agriculture activities.   The funding agreement for the total grant was signed back in 2013 for the refurbishment of 700 kilometers of road network.   According to officials, most of the roads were rehabilitated, leaving only 200 kilometers to be.... Read more »

Posted on : Friday , 23rd December 2016

Tanzania: Chinese Firm Wins Power Plant EPC Contract

Aim-listed Kibo Mining has awarded the Engineering, Procurement and Construction (EPC) contract for the construction of the power plant element of the Mbeya coal-to-power project (MCPP) to Chinese contractor, SEPCO III.   Located in Tanzania, the MCPP includes a 250 - 350 MW mine mouth power plant. "Signing the EPC Cover Agreement is the most decisive step forward to date in the development of the MCPP," said Kibo's CEO, Louis.... Read more »

Posted on : Thursday , 22nd December 2016



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