Africa Bulding & Construction Market News Exhibitions

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

Kenya: Work Begins on Road Linking Malindi to Tsavo East Park

Construction of a road linking Malindi to the Tsavo East National Park has finally started. The tarmacking of road will ease travel via the Nairobi-Voi-Malindi route and boost tourism. President Uhuru Kenyatta and his deputy William Ruto had promised that the road will be tarmacked when they toured the area during the Malindi by-elections in March this year. President Kenyatta last Friday told residents at.... Read more »

Posted on : Monday , 12th September 2016

Africa: Experts Call for Creative Financing to Boost Infrastructure Development

The number of people involved in informal trade is growing, but most in the region don't have access to proper transport means. This is one of the challenges highlighted during the last day of The Global African Investment Summit that closed on Tuesday in Kigali. It was noted that only one in four households in the Common Market for Eastern and Southern Africa (COMESA) region has access to energy, and the majority of them.... Read more »

Posted on : Thursday , 8th September 2016

Mega housing projects changing face of Mtwapa

A new housing development by the Kenya Medical Association is changing the face of Mtwapa in Kilifi Country. The Sh1 billion complex consists of 20 blocks, each with eight two-bedroom apartments on a five-acre plot located just after Greenwood Resort. It was completed in June and is ready for occupation. Each of the 160 apartments has an ensuite bedroom with an extra bathroom for guests. A reverse osmosis water purifier ensures.... Read more »

Posted on : Thursday , 8th September 2016

Rwanda: New System to Manage Building Permits in Secondary Cities to Be Launched Today

Rwanda Housing Authority (RHA) will today launch a new system to manage building permits in secondary cities across the country, a step that experts have described as a breakthrough in harmonising the issuance of building permits across the country. RHA will launch the Building Permitting Management Information System (BPMIS) in Musanze, Northern Province, in collaboration with the World Bank Group's International Finance.... Read more »

Posted on : Wednesday , 7th September 2016

Tanzania: Sh32 Billion Mererani Road to Be Ready December

Mererani — Upgrading of the 22 kilometre road linking Mererani gemstone mines to the rest of the country through Kilimanjaro International Airport (KIA) will be complete by the end of this year, it was revealed here recently. The project costs Sh.32 billion and is being undertaken by a Chinese construction firm, China Henan International Corporation Group Limited (Chico). Manyara regional manager for Tanzania National Roads.... Read more »

Posted on : Wednesday , 7th September 2016