Africa Bulding & Construction Market News Exhibitions

Dangote shakes Kenya�s cement market with Ethiopia imports

Nigeria’s Dangote Cement has started its shake-up of the Kenyan market with imports of the commodity from its plant in neighbouring Ethiopia as it prepares to establish a local manufacturing plant. Dangote’s targeting of the Kenyan consumer with low-cost cement from Ethiopia is expected to further drive retail prices downward in a market where they have remained static for nearly 10 years. Importing.... Read more »

Posted on : Wednesday , 31st August 2016

Japan Chooses AfDB to Implement Bold New Infrastructure Plan for Africa

Visiting Japanese Prime Minister Shinzo Abe has announced a bold new African infrastructure plan worth US $10 billion over the next three years to be implemented by the African Development Bank (AfDB), raising the stature of the Abidjan-based financial institution in achieving Africa's development. The infrastructure investment package announced by the Japanese Prime Minister will focus on modernizing electricity, power and urban.... Read more »

Posted on : Tuesday , 30th August 2016

Ethiopia: Chinese Company to Commence Luxury Apartments Building

A Chinese company, Heng Yang Investment, has launched the construction of Hongtu, a 54-storey luxury apartment, in the Lafto District of Addis Abeba. The construction will be undertaken by a Chinese construction firm, Hongtu Real Estate. Covering a total area of 1272sqm, each apartment will be 88 to 173sqm, with a double lift design, 54 parking spaces, one supermarket and other high quality living facilities - gym, sauna and massage.... Read more »

Posted on : Tuesday , 30th August 2016

Africa: Japan to Grant Africa Sh1trillion for Infrastructure

Japan has pledged Sh1 trillion ($10 billion) for infrastructure development in Africa. Japanese Prime Minister Shinzo Abe said another $500 million will be channelled through international agencies to support health initiatives in the continent and combat epidemics. The PM also pledged to initiate reforms in the United Nations Security Council and have an African country get a permanent seat in the body by.... Read more »

Posted on : Monday , 29th August 2016

Tanzania receives $2m for water, power projects

Tanzania is to develop irrigation and hydropower projects in the southern highlands after receiving $2.26 million under the Africa Water Facility (AWF) project for a 22-month pre-feasibility study. The project will be funded by the Africa Development Bank (AfDB) and the government of Tanzania. The Tanzania project is part of AWF’s $1.8 billion water and sanitation projects in Africa. The Climate Resilient.... Read more »

Posted on : Monday , 29th August 2016

AFDB Group and Jetro to Sign MOU in Infrastructure and Private Sector Development

The African Development Bank Group (comprised of the African Development Bank and the African Development Fund (AfDB/ADF) and the Japan External Trade Organization (JETRO) will sign a Memorandum of Understanding (MOU) on August 26, 2016 at the Sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi, Kenya The objective of the MOU is to establish a general framework to promote collaboration between them in.... Read more »

Posted on : Saturday , 27th August 2016

Ethiopia sets up $10 million ceramic factory to stem imports

The Himrawi Investment and Trading Private Limited Company has invested $10million in construction of a ceramic factory as the country looks to local industries to tame biting shortage. According to the company general manager Frealem Shibabaw the company has conducted studies and ascertained mineral wealth at Sekota area in Amharic State, Northern Ethiopia. Ethiopia exports eight million tiles from China annually. The.... Read more »

Posted on : Friday , 26th August 2016

Africa: Dar, Lusaka Review Legal Hitches to Revitalise Tazara

Tanzania and Zambia governments are reviewing Tanzania-Zambia Railway Authority (TAZARA) Act of 1995 to allow private investments in the joint-owned railway and make it run commercially. Addressing stakeholders of TAZARA in Dar es Salaam yesterday during a trilateral cooperation of Zambia, Tanzania and China to mark 40th Anniversary of the authority, Assistant Director in the Department of Monitoring and Evaluation from the.... Read more »

Posted on : Friday , 26th August 2016

Tanzania: NHC Rolls Out Big Dodoma Housing Plan

Civil servants and employees from the private sector have been assured of adequate accommodation in the designated administrative city of Dodoma, as the National Housing Corporation (NHC) seeks to raise 60bn/- to put up between 300 and 500 houses in the capital. Even with the envisaged development in Dodoma, the corporation maintained that it will continue undertaking projects in Dar es Salaam, given its strategic location,.... Read more »

Posted on : Thursday , 25th August 2016

President Uhuru Kenyatta asks landowners to support infrastructural projects

President Uhuru Kenyatta has asked those with land through which infrastructural projects are passing through to surrender it. Otherwise, the President said the government will forcibly seize it. The President said a few individuals will not be allowed to stand in the way of projects that could save billions of shillings wasted in traffic jams. He blamed landowners for delaying theprojects. "Nairobi loses Sh147.... Read more »

Posted on : Thursday , 25th August 2016

Buildings worth millions to come down as Naivasha-Nakuru highway expands

Buildings worth billions of shillings will be brought down in Naivasha after the government embarked on expanding the Nairobi-Nakuru highway. The highway authority had began marking affected buildings in preparation for the construction of the dual-carriage between Rironi and Nakuru town. KeNHA held a meeting with affected traders at Kayole estate on Tuesday. Officials said tens of buildings, including an upcoming.... Read more »

Posted on : Wednesday , 24th August 2016

Sh12.5bn Industrial Park attracts foreign investors

Foreign investors dominate are in a dash for warehouses in the Sh12.5 billion Infinity Industrial Park in Nairobi even before construction starts, the project's realtor has revealed. This validates recent real estate sector's data indicating high demand for industrial spaces in major towns, making Infinity one of Kenya's largest international parks. A report by Oxford Business School said occupancy for industrial areas remains.... Read more »

Posted on : Wednesday , 24th August 2016