Chinese firm Avic International has been awarded a contract to construct 2, 350 houses in Zambia for police officers at the cost of US $320m. President Edgar Lungu indicated optimism for the project during the ground breaking ceremony for the construction of the first 48 houses in Zambia capital Lusaka. This is expected to be completed end of March 2016. President Lungu noted that his country is experiencing housing deficit and this will.... Read more »

Posted on : Monday , 16th November 2015

Algiers — An agreement was signed, Thursday, between Algeria and China for the construction of a cultural and entertainment complex for youth in the municipality of Baraki (Algiers).   The signing ceremony took place in the presence of the minister of Housing, Urban Planning and the City, Abdelmajid Tebboune, the minister of Youth and Sports El Hadi Ould Ali, the Governor (Wali) of Algiers, Abdelkader Zoukh as well as Chinese.... Read more »

Posted on : Monday , 16th November 2015

Eko Atlantic City has been held up as a model of development for the future city and one that has the potential to change the landscape of Lagos.   The project is already attracting the attention of investors across the world as it nears completion, in line with the new focus on Africa, which is seen as the next frontier in the real estate market. Aside the expansion of real estate that the project offers, its Great Wall is expected to.... Read more »

Posted on : Thursday , 12th November 2015

Kampala — Companies involved in construction and agro-processing have dominated this year's Top 100 Mid-sized company list, the findings of a survey by KPMG and Daily Monitor have revealed.   The annual survey, whose findings will be released tomorrow, shows the construction sector registered a 67 percentage growth in sales up from 33 while companies involved in agriculture and horticulture registered 85 per cent growth annual sales.... Read more »

Posted on : Thursday , 12th November 2015

Nairobi — The National Construction Authority (NCA) has registered 18,000 contractors in different categories ranging from building, civil works and other specialised fields.   NCA Executive Director Daniel Manduku said over 150,000 construction workers and site supervisors had been accredited in a move aimed at enforcing order to the construction sector.   "We have now registered all contractors in Kenya. This move.... Read more »

Posted on : Thursday , 12th November 2015

The construction of phase II of Mombasa port terminal in Kenya will start early  2017, Kenya Ports Authority managing director Gichiri Ndua has said. When complete, the second container terminal  will provide and additional capacity of 470,000 and 550,000 TEUs. Mr Ndua added that the construction project of phase II of Mombasa port terminal in Kenya will cost US$ 213m to complete. He further pointed out that the Kenyan government.... Read more »

Posted on : Thursday , 12th November 2015

Four industrial parks in Ethiopia will be constructed in the next two years that will cost US$ 2bn, a senior government official has confirmed. Trade and industry State Minister Tadesse Haile confirmed that the concerned people have finalized on the inspection of four more parks in the eastern town of Dire Dawa, Kombolcha and Mekelle in the country’s North, and Adama in the capital’s south waiting for the launch that will take.... Read more »

Posted on : Thursday , 12th November 2015

Lubango — A housing complex comprising 103 houses was inaugurated on Saturday in Lubango, southern Huila province, by the minister of transport, Augusto da Silva Tomás.   The project, built in two years, is part of the project of rehabilitation and modernization of Moçâmedes Railways (CFM) underway since 2005, through a public-private partnership developed with Lei-Jun-Ca Company of the Chinese Wyway group.... Read more »

Posted on : Wednesday , 11th November 2015

Lilongwe — The Malawi government has expressed satisfaction with a chinese-funded national stadium scheduled to complete later this month in Malawi capital, Lilongwe.   In a tour of the multi-million dollar facility on Wednesday, Minister of Transport and Public Works Francis Kasaila said the stadium would not only change the face of the city but also put Malawi on the map in as far as international games are concerned.   The.... Read more »

Posted on : Wednesday , 11th November 2015

Afritech Energy (AE) and East African Power have signed a US$ 40m agreement that will see the construction of four hydropower plants in Rwanda. The agreement will involve construction of four hydropower sites in Bihongora, Karambo II, Gatare Sebeya and Muregeya. Other two projects will be in Rustiro and two more in Rubavu. Executive Chairman of Afritech Dan Klinck was present in Kigali during the press conference and said that although the.... Read more »

Posted on : Wednesday , 11th November 2015

The construction of Nyagak III Small Hydro Power Project in Uganda is set to commence soon, this is after the Ugandan Government and a German firm signed a US$ a 1.8m agreement. The agreement which was signed by Uganda Electricity Generation Company Limited (UEGCL) on behalf of the government took place at the UEGCL offices in Nakasero. The German firm GOPA-International Energy Consultants GmbH together with an Italian based Zollet Ingegneria.... Read more »

Posted on : Wednesday , 11th November 2015

 Out of the US$1.25bn Eurobond issue,US$400m has been allocated for road construction in Zambia in a bid to boost connectivity in urban and rural areas.   According to the Deputy Minister for Finance, Christopher Mvunga, US $410.7m will be channeled towards road infrastructure improvement.   He noted that US $268m will go into domestic debt swap and clearance while US $40m will be used for maintaining canals and purchasing.... Read more »

Posted on : Tuesday , 10th November 2015