Africa Bulding & Construction Market News Exhibitions

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

Africa�s Captains of Industry Urged to Propel Infrastructure Development

Captains of industry in Africa have been called upon to make greater impact on the continent’s infrastructure landscape. South Africa’s Minister in the Presidency for Planning, Monitoring and Evaluation, Jeff Radebe noted that their participation was critical for the development of the continent’s construction projects. Addressing the annual congress of Master Builders SA Conference in Durban on.... Read more »

Posted on : Saturday , 3rd September 2016

Tanzania: Govt to Pick Contractor for Sh16 Trillion Railway Line Project

Dar es Salaam — The Ministry of Works, Transport and Communication is currently in the process of procuring a contractor for the construction of the standard gauge railway line run from Dar es Salaam to Kigoma and Mwanza. This comes just weeks after Tanzania signed a $7.6 billion (about Sh16 trillion) loan agreement with the Export-Import (Exim) Bank of China for upgrading the railway line. Transport permanent.... Read more »

Posted on : Friday , 2nd September 2016

Rwanda signs deal for new airport construction

RwandAir today launches its inaugural commercial flight to Benin’s capital of Cotonou (IATA: COO / ICAO: DBBB) operating to the Cardinal Bernadin Gantin International Airport, also known as Cadjehoun International Airport. This marks the start of a long planned expansion of destinations across Africa ahead of the delivery of additional aircraft due for delivery over the coming months which includes the addition of Abidjan at the.... Read more »

Posted on : Friday , 2nd September 2016

East Africa: New Railway Line Plan Sketched

The government has outlined a three-year timeline for the construction of a 7.6 billion US dollar (15 trillion/-) railway line - a major trade artery between Tanzania and its landlocked neighbours of Burundi, Rwanda and Democratic Republic of Congo (DRC). The Standard Gauge project, which is supported by China's Exim Bank, is scheduled to start anytime from now, the Minister for Works, Transport and Communications, Professor.... Read more »

Posted on : Thursday , 1st September 2016