The World Bank is now calling for diversification on infrastructure funding in Ethiopia in a bid to finance its  infrastructure projects to avoid heavy reliance on the state.   In recent years the country has been carrying much of the burden of raising finance for infrastructure development while at the same time demanding that banks invest the equivalent of 27% of the loan portfolio in low-yield state development bonds,.... Read more »

Posted on : Thursday , 26th November 2015

Kenya is now among top ten nations in regards to  green power generation, a report released by Bloomberg New Energy Finance shows. The 2015 Climatescope Index ranks Kenya sixth out of 55 countries that are investing in wind, solar geothermal and other renewable power generation worth US$126bn of investments. Energy Regulatory Commission (ERC) also gave out a report that revealed that geothermal power consumption in Kenya went high and.... Read more »

Posted on : Thursday , 26th November 2015

 Nedbank Corporate and Investment Banking (NCIB) and the Development Bank of Southern Africa‘s Green Fund (DBSA) has partnered to construct 400 green houses in South Africa.   The construction of green houses in South Africa will combine social and environmental sustainability to promote access to better quality housing units with lower running costs.   The agreement also includes the monitoring of energy and water.... Read more »

Posted on : Thursday , 26th November 2015

 Work on the second phase of Mombasa port’s second container is scheduled to commence in early 2017 portmombasa pixabay huskyherzThe port of Mombasa is a key trade gateway to and fro East Africa.  Kenya Ports Authority managing director Gichiri Ndua said that the construction is likely to cost nearly US$213mn, and provide an additional capacity of 470,000 and 550,000 TEUs. Following this construction will be the development of.... Read more »

Posted on : Wednesday , 25th November 2015

 A newly constructed major underpass in South Africa has been officially opened by the Executive Mayor of the City of Ekurhuleni, Mr  Mondli Gungubele at the Riverfields Boulevard.   Riverfields is a mixed use development that has attracted global brands, among others DHL, John Deere, Jonsson and DB Schenker, to state-of-the-art business and logistics parks. With the underpass business in the area is poised to.... Read more »

Posted on : Wednesday , 25th November 2015

 Chinese firm Henan International Cooperation Group under the jurisdiction of Henan province is set to invest in major construction projects in Nigeria.  This follows a meeting between Henan commissioner Mr. Jiao Jinmiao and Cross River State Governor Ben Ayade in Chinese city of Zhengzhou.   Among the planned investments includes constructing a power plant, warehouses, an industrial city where cars, car accessories, spare parts.... Read more »

Posted on : Tuesday , 24th November 2015

The once thriving construction industry in Botswana will be revived through an economic stimulus programme, MP Dr Pelonomi Venson-Moitoi has announced. Dr Pelonomi said the construction sector was one of the areas that the government eyes to stimulate the economy and create jobs. The decision was informed by assessment that showed the economic benefits of boosting the construction industry in the country. Construction had been badly.... Read more »

Posted on : Monday , 23rd November 2015

Chinese firm Henan International Cooperation Group under the jurisdiction of Henan province is set to invest in major construction projects in Nigeria.  This follows a meeting between Henan commissioner Mr. Jiao Jinmiao and Cross River State Governor Ben Ayade in Chinese city of Zhengzhou. Among the planned investments includes constructing a power plant, warehouses, an industrial city where cars, car accessories, spare parts would be.... Read more »

Posted on : Monday , 23rd November 2015

A US$100.51m cargo airport in Nigeria will be constructed in Nasarawa State,  governor Tanko Al-makura, has said. The governor was speaking during the signing of the financial contract agreement between the state government and Tongyi Group Engineering, a Chinese firm tasked with the construction with their representative HYPAD . The agreement stated that the Chinese firm will be responsible for the project’s finance. However, a.... Read more »

Posted on : Monday , 23rd November 2015

The French Development Agency (AFD) under the SUNREF programme has pledged to help in boosting energy efficiency in Uganda, the country’s Commissioner for Energy James Banabe has said. AFD which seeks to finance green projects, has earmarked $13 million to fund companies looking to implement energy efficiency in Uganda by financing  equipment and measures. He said that approximately 64% of the electricity generated in Uganda is.... Read more »

Posted on : Saturday , 21st November 2015

A special committee involving construction regulators has been formed to help look into challenges surrounding issuance of construction permits in Kenya that have been dragging the country down in global business competitiveness. The committee will look into the nature of construction permits Kenya  and related challenges. The team will then advise on whether the permits should be simplified or eliminated going forward, depending on.... Read more »

Posted on : Saturday , 21st November 2015

 Construction industry in South Africa should strengthen and emerge as a major player in Sub-Saharan Africa, an expert from research firm McKinsey Global Institute has said.   Christine Wu a partner in McKinsey’s Johannesburg office observes that construction industry in South Africa only accounts for 7% of market share in Sub Saharan Africa.   Speaking to the media in South Africa, Wu said that  unless South Africa.... Read more »

Posted on : Friday , 20th November 2015