Africa Bulding & Construction Market News Exhibitions

Ethiopia to Raise $58 Million for the Construction of the Ethiopian Grand Renaissance Dam

Ethiopian authorities have announced plans to raise 1.8 billion Birr (about $58 million) for the construction of the Ethiopian Grand Renaissance Dam (GERD). The Office of the National Council for the Coordination of Public Participation for the GERD’s construction said the government plans to raise the money this fiscal year, the Ethiopian Herald reported. Funds for the 6,000 MW dam, which would be the biggest.... Read more »

Posted on : Tuesday , 20th September 2016

Lobby group wants more consultations over new SGR route

Conservationists are up in arms about the Nairobi-Naivasha standard gauge railway (SGR) route that will cut through the Nairobi National Park, and are calling for the postponement of its launch to allow for more consultations. Kenya’s President Uhuru Kenyatta is expected to launch this new phase, whose construction will begin at the Nairobi National Park, on September 26. Conservationist lobby Friends of Nairobi.... Read more »

Posted on : Tuesday , 20th September 2016

Ethiopia: Ministry to Finalize Construction of 11 New Universities

The new 11 universities, whose construction was launched in five states in the past, will be finalized at the end of this Ethiopian budget year, said the Ministry of Education (MoE). Project Office Head at the Ministry, Samuel Kifle, said efforts will be made to complete the construction of all universities until June. The universities will begin enroling students in 2010 E.C. Works were underway to furnish the.... Read more »

Posted on : Saturday , 17th September 2016

Tanzania: PM Directs Local Governments to Hasten Road, Street Naming

Dodoma — The Prime Minister, Mr Kassim Majaliwa, has directed local authorities in the country to fast-track naming of roads and streets in their respective areas as part of implementation of the national homes' address and post code system. Mr Majaliwa as well instructed that responsible government institutions should give a priority to Dodoma Municipal Council and Chamwino District Council in Dodoma Region in the execution.... Read more »

Posted on : Friday , 16th September 2016

Rwanda: Construction of U.S.$150 Million University Starts in Burera

The Northern Province governor, Aime Bosenibamwe, says construction work to establish the University of Global Health Equity (UGHE) in Rwanda has started in Burera district. The governor said this during the baby gorilla naming ceremony last week. "Construction of the university which President Kagame recently promised to the citizens has started in Butaro sector, Burera district," he said while presenting how pledges.... Read more »

Posted on : Friday , 16th September 2016

Construction of Ethiopia�s tallest bank edifice undertaken by China progressing well

The state-owned Bank and the Chinese company signed an agreement last year for the construction of the would-be tallest structure in East Africa. Accompanied by members of the management body, Bekalu Zeleke, CBE President, visited the on-going construction of the project on Monday. “The progress is amazing. It is going very well on the satisfaction of the management and the bank,” CBE President said while.... Read more »

Posted on : Thursday , 15th September 2016

Nairobi-Naivasha SGR construction to cost Sh2 billion more

The construction of the Nairobi-Naivasha Standard Gauge Railway will cost taxpayers Sh2.02 billion more. The 120km route had been estimated to cost approximately Sh150 billion. Kenya Railways MD Atanas Maina said the cost went up after the original route was modified as demanded by conservationists. "The modification of the route along the savannah of the Nairobi National Park will be more costly since it.... Read more »

Posted on : Thursday , 15th September 2016

Australian business lifts profit at South Africa's top construction firm

Wilson Bayly Holmes-Ovcon (WBHO), South Africa's biggest construction firm by market capitalisation, reported a 23.8 percent rise in full-year profit on Tuesday as a strong performance in Australia offset slow growth at home. WBHO said in a statement that headline earnings per share (HEPS), South Africa's main profit gauge that excludes certain one-off and non-trading items, increased to 1,343 cents in the year to the end of June.... Read more »

Posted on : Thursday , 15th September 2016

Ethiopia: Corporation to Undertake Sugar Factories Irrigation Infrastructure development

The Ethiopian Construction Works Corporation (ECWC) sighed agreements to undertake irrigation infrastructure development works for Omo Kuraz, Arjo Dedesa and Wolkayit sugar factories. Corporation CEO Eng .Haile-Meskel Tefera said one of the agreements is the construction of a-54km canal that stretches from head water to farmland of Omo Kuraz to irrigate 150, 000 hectares of sugar farm;thereby, to feeding factories which crush.... Read more »

Posted on : Wednesday , 14th September 2016

China and World Bank form firm to fund Africa projects

China and the World Bank have formed an infrastructure firm with an initial $500 million investment to help fund projects in Africa. China Overseas Infrastructure Development and Investment Corporation Limited (COIDIC) will invest and manage projects from concept to feasibility studies. It will also follow up on financial close and take part in commercial operations. Underwrite Its shareholding comprises China.... Read more »

Posted on : Wednesday , 14th September 2016

Ethiopia: Ankober-Dulecha Road Construction Launched

The Ethiopian Road Authority said the construction of a- 40 kilo meter concrete asphalt road which links Amhara with Afar state has begun at a cost of 858.7 million Birr. Authority Communication Director Samson Wondemu said local firm Sunshine Construction PLC would undertake the construction. Explaining the economic significance of the road Samson said the new corridor would trim down the loop from Djibuti to Debre.... Read more »

Posted on : Tuesday , 13th September 2016

Portuguese construction firm to build new international airport in Rwanda

African branch of Mota-Engil, Portugal’s building company, concluded a contract with the authorities of Rwanda for the construction of Bugesera International Airport in this African country, Reuters reports on Monday. The project is estimated at $818 million. This move is aimed at increasing Rwanda’s attractiveness as a tourist destination, as well as a place hosting events. The first phase of the airport will.... Read more »

Posted on : Monday , 12th September 2016