Africa Bulding & Construction Market News Exhibitions

Construction of Konza techno city in Kenya boosts Nairobi image

The commencement of the construction on Konza Techno City in Kenya is laying a solid foundation for the future of Nairobi city and boosting its image as well. According to a report; The 2016 Jones Lang LaSalle (JLL) City Momentum Index (CMI) Nairobi is currently ranked position one in Sub-Saharan Africa and 11 globally among cities spurring technology and real estate development having an aim of being Africa’s leading.... Read more »

Posted on : Tuesday , 26th January 2016

Azura Power construction Project in Africa gets US$900m boost

Electricity shortages in Nigeria could be a thing of the past following plans to construct an independent power scheme regarded one of its kind. Equity funders in collaboration with 20 international banks have committed US$900m towards the Azura Power construction Project in Nigeria.The 450MW gas-fired open-cycle power plant will be hosted in Edo State. The boost comes after the power plant scheme attain financial close and.... Read more »

Posted on : Monday , 25th January 2016

China to construct mega sea port in Africa

Algeria’s Transport Ministry, China State Construction Engineering Corporation (CSCEC) and China Harbour Engineering Company (CHEC) have signed an agreement to construct a mega sea port in Algeria. The US$3.3bn project will be constructed on the new center transshipment port of Cherchell. However, a consortium company to build the port will be established and the port will be constructed within the capital city Algiers some.... Read more »

Posted on : Monday , 25th January 2016

World Bank boosts infrastructure in Africa with $100m loan

Infrastructure in Gabon has received a shot in the arm after the World Bank extended a $100 million loan aimed at boosting infrastructure in the country. The approved loan is the second phase of the Infrastructure and Local Development project. The project aims to improve access to urban infrastructure and services in selected underserviced neighbourhood and to build basic capacities for municipal management in targeted.... Read more »

Posted on : Saturday , 23rd January 2016

China pledges to boost infrastructure construction in Africa

China will work closely with Egypt in a bid to boost infrastructure construction in Egypt, president Abdel Fattah el-Sisi and his Chinese counterpart Xi Jinping have announced. The two leaders agreed to work together in a bid to enhance growth in the infrastructure sector of the country President Sisi said he is willing to connect its own development plans with the Belt and Road Initiative and expand infrastructure.... Read more »

Posted on : Saturday , 23rd January 2016

East Africa: EAC Cited As African Trendsetter

The East African Community (EAC) has been cited as one of the growing blocs amongst the Regional Economic Communities (REC) in sub-Saharan Africa. The Brookings Institution in its recent Foresight Africa 2016 report on regional integration in sub-Saharan Africa, said the EAC has implemented several joint infrastructure projects. Among them is the Arusha-Namanga-Athi River Road, a road which runs from Tanzania to Kenya..... Read more »

Posted on : Friday , 22nd January 2016

Africa and China to build US$3.3bn port

Africa and China have signed a US$3.3bn deal to build a new transshipment port around 60km west of Algiers portconstruction washingtonstatedeptoftransportation flickrAlgeria as a trade hub is rising in importance in East Africa, making it viable to build a port. (Image source: Washington State Dept of Transportation/Flickr) The agreement was signed between Algeria’s transport ministry, China Harbour and Engineering Company (CHEC).... Read more »

Posted on : Thursday , 21st January 2016

Construction of Port Reitz/Moi International Airport Access Road launched

The construction of the US$ 31m Port Reitz/Moi International Airport Access Road in Mombasa, Kenya has finally been launched by President Uhuru Kenyatta and is expected to ease traffic by allowing faster flow of goods. The project which is being implemented by the Kenya National Highways Authority (KeNHA) and overseen by TradeMark East Africa (TMEA) is being financed by the United Kingdom government and partly by the Kenyan.... Read more »

Posted on : Thursday , 21st January 2016

African Country banks on president Xi Jinping�s visit to boost infrastructure

Egypt banks on president Xi Jinping’s visit later this month to boost its infrastructure network seen as a key driver of the economy. A number of agreements that will align the economic interests and development goals of China and Egypt are expected to be signed when Mr Jinping visits Cairo. According to a statement from cabinet ministers the county is focusing more in area of electricity, transportation, construction,.... Read more »

Posted on : Wednesday , 20th January 2016

Dangote to construct cement manufacturing plant in Africa

Dangote Group now plans to construct a cement manufacturing plant in Zimbabwe chief strategist, Dr Abdu Mukhtar,has said. He added that they now feel comfortable and are excited about venturing in Zimbabwe. Dr Mukhtar said was satisfied with the preliminary work and was ready to roll out its projects. He added that the group’s geologists, who set camp in the country on Wednesday, would remain on ground for.... Read more »

Posted on : Tuesday , 19th January 2016

Construction work on Konza technology city in Kenya to begin March

The groundbreaking of the US$ 12m Konza Technology City in Kenya will finally begin in March this year months after stalling allowing the development of the mega project to kick off. Konza Technology City Development Authority (KoTDA) CEO Eng John Tanui confirmed the reports and said that the first phase comprising of 21 parcels of land on 60 acres is ready for investment starting this year. “We will be doing the.... Read more »

Posted on : Tuesday , 19th January 2016

Limak Cement Group penetrates the African market

Limak Cement Group, a Turkey based Cement Company has issued an acquisition request of cement operations and supply in Africa. The company has expressed its interest in some of the African countries such as Mozambique and Ivory Coast. Among other major players in Africa cement market include Lafargeholcim, Germany’s Heidelberg and South African-based PPC. Dangote Cement is also a force to reckon with. The company.... Read more »

Posted on : Monday , 18th January 2016