N e w s

Ethiopia: Turkey Completes Ottoman-Era Building Restoration

The consulate building was built during the Ottoman era in 1912 in Harar city.   The Turkish Cooperation and Coordination Agency (TIKA) announced Tuesday that it has successfully completed the restoration of a 100-year-old Ottoman-era building in Harar.   Built during the Ottoman era in 1912 in Harar, it had been on the verge of collapse after years of neglect before TIKA began a restoration project two years ago.   Project.... Read more »

Posted on : Tuesday , 20th December 2016

Rwanda: Govt Slashes Power, Water Tariffs to Attract Industry Investors

The Government has slashed unit prices for electricity and rural water supply by 50 and 30 per cent, respectively, a move officials say will help increase affordability, service efficiency and competitiveness, among others.   Effective January 1, 2017, electricity tariff for households that consume not more than 15 kilowatts per month, will be Rwf89, down from Rwf182, translating into a 51 per cent deduction from the standard.... Read more »

Posted on : Wednesday , 14th December 2016

Ethiopia Set to Launch New National Monitoring and Evaluation Policy

Ethiopia is to launch its first national level monitoring and evaluation policy. The Prime Minister issued an order this week for the National Planning Commission to begin the development of a National Monitoring and Evaluation Policy. The policy will provide the guidelines for the monitoring and evaluation process of all government projects and offices around the country.   To date, monitoring and evaluation policies and guidelines have.... Read more »

Posted on : Wednesday , 14th December 2016

Ethiopia: Construction Sector to be Governed by New Bill

Upon the approval of the bill, the ministry will conduct a quality audit inspections on construction projects   In a bid to reduce waste in publicly funded construction projects, the government is preparing a legal framework to monitor the rapidly growing sector.   The directive is meant to establish a system of controlling and auditing construction projects at every stage, from inception to completion. It will provide a way to.... Read more »

Posted on : Wednesday , 14th December 2016

Top officials from Kenya and Uganda scheduled to sign Joint SGR Financing Pact In Beijing

 IN SUMMARY   Top officials from the two countries have already scheduled a trip to Beijing early next year. Kenya is seeking funds for the Naivasha to Malaba section of the SGR while Uganda plans to build the link to Kampala under a bilateral agreement signed between the two countries. Kenya and Uganda are set to sign a joint financing deal for building the second phase of the standard gauge railway (SGR).   Top officials.... Read more »

Posted on : Thursday , 8th December 2016

Final Phase - Kenya’s Economy Expects Boost from Chinese- Built Railway- expected operational in 2018

Workers are seen working on the Nairobi-Mombasa railway near Kenya’s capital Nairobi  The construction of a Chinese-built railway in Kenya has entered its final phase. Kenyan officials and observers are suggesting the project will significantly add to the country’s economic growth prospects once it is operational in 2018.   Civil engineering work is set to be completed in a few weeks on the first Standard Gauge Railway.... Read more »

Posted on : Tuesday , 6th December 2016

Ethiopia: Addis Ababa to Get New Sewerage System

The Addis Abeba Water and Sewerage Authority has allocated 272 million Br to construct a new sewerage system across all districts of Addis Abeba.   Some of the money will go towards installing 12 Anaerobic Baffled Reactors (ABR) across eight new condominium sites in Qality, Bole, Kara and Yeka. 144 million Br has been allocated for the construction of a pipeline across the 10 districts of Addis Abeba. The remaining 82 million Br will be.... Read more »

Posted on : Thursday , 1st December 2016

Rwanda, Netherlands Ink Infrastructure Development Deal Worth €30 Million

The Government and the Kingdom of Netherlands, yesterday, signed a financing agreement, worth Euro30 million (about Rwf26 billion), to support basic infrastructure development in districts.   The grant will help create an enabling environment for food security and local economic development, and contribute to the achievement of national targets in poverty reduction and economic development.   It is also in line with the long-term.... Read more »

Posted on : Wednesday , 30th November 2016

Kenya: Brookhouse Starts Building Its Second Campus in Nairobi

 Brookhouse School has kicked off construction of its second Kenyan campus in a multi-million shilling expansion project, which will double the institution's student capacity from the current 800.   The high-end school in Runda, which will offer education from kindergarten to secondary school, has started accepting bookings ahead of its projected September 2017 opening.   "We began construction last month and we expect to.... Read more »

Posted on : Friday , 25th November 2016

Rosatom to revolutionise Africa’s construction Industry with 3D modeling

 Russia’s state atomic energy corporation, Rosatom, through its key engineering division ASE Group of Companies has signed a three-year agreement with Dassault Systèmes, the world leader in 3D design software, to allow Multi-D systems to be deployed across the African continent, where emerging countries like Ghana, Kenya and Nigeria are developing complex projects. The MoU was signed at the third International Conference on.... Read more »

Posted on : Thursday , 24th November 2016

AFRICA - THE NEXT GROWTH MARKET

Africa is currently home to five of the fastest growing economies in the world. According to a global study, the continent's economy is forecast to grow to $2.6 trillion in 2020 from $1.6 trillion in 2008, fuelled by booms in mining, agriculture and development of ports, roads and other infrastructure. This rapid economic growth is what is creating substantial new business opportunities in the region. Over the past decade, Africa’s real.... Read more »

Posted on : Tuesday , 3rd October 2017

Turkish Exporters Target Africa

 At a time when struggling Turkish exporters are looking for ways to diversify their target markets, Africa is poised to become the new frontier market for Turkish firms as they position themselves to become major stakeholders in the region’s rapidly growing industries. Africa has recorded an annual growth rate of 5 percent over the last decade and is expected to continue this trend in the coming years. Six out of ten fastest growing.... Read more »

Posted on : Wednesday , 23rd November 2016



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