Africa Bulding & Construction Market News Exhibitions

Railway investments in Egypt Set to hit US$11Billion by 2030

Railway investments in Egypt are set to hit US$11 Billion by 2030 chairman of Egypt’s National Railway Authority Ahmed Hamid has announced. He noted enormous growth of the railway system in the country. He added that the general investment plan of the authority is represented in three axes: the most important one is the urgent plan, with an estimated value of EGP7.17bn, followed by the medium plan estimated at roughly EGP14.413bn.... Read more »

Posted on : Saturday , 24th October 2015

BASF Construction launches concrete admixtures production plant in Africa

Germany based construction product manufacturer BASF Construction Chemicals has launched its new concrete admixtures production plant in Nigeria. The plant is expected to respond to the ever growing demand for concrete admixtures products. Speaking during a press briefing, Nair Narayanan who is the country Manager for BASF Construction Chemicals, Chemicals said that the construction of concrete admixtures production.... Read more »

Posted on : Saturday , 24th October 2015

UWA acquires road equipment worth over $1m

The African Wildlife Foundation (AWF), through support from Usaid/Uganda Tourism for Biodiversity Programme (T4B), has donated road construction equipment worth $ 1,333,823(about sh4.8b) to Uganda Wildlife Authority (UWA). The equipment, which was handed over by T4B chief of Party, Kaddu Sebunya, to UWA’s Executive Director, Dr Andrew Sseguya, include a grader, a bulldozer, an excavator, a vibro roller, 2 tippers and 1 low bed.... Read more »

Posted on : Friday , 23rd October 2015

Centum Investment Company - Building Value in Kenya: Ryan Hoover, Investment Analyst, Africa Capital Group

The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax. The drop makes for a compelling opportunity to purchase shares of the country’s largest investment holding firm. Prime assets With a basket of profitable private equity investments and a remarkably.... Read more »

Posted on : Friday , 23rd October 2015

South Africa's Mediclinic to buy UAE's Al Noor Hospitals for $2.2B

South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region. The deal will double the South African group’s presence in the UAE, further diversifying out of its slow growing home market after a Swiss acquisition in 2007 and the stake it bought in.... Read more »

Posted on : Friday , 23rd October 2015

Indian firms now show interest in the new construction project in Africa

Top firms in India are now seeking an opportunity to be involved in the construction of new capital in Egypt after Egyptian Minister of Housing, Moustafa Madbouli, met with representatives of top Indian construction companies to look for ways they can be involved in the construction of the new city. Mr Madbouli said that there are many open opportunities for companies and countries that are looking to participate in.... Read more »

Posted on : Friday , 23rd October 2015

Kenya- Tanzania launch new road to improve Trade connectivity

Presidents Uhuru Kenyatta and his Tanzania counterpart Jakaya Kikwete have heaped praise on the ongoing construction of 90KM Mwatate-Taveta road. The two leaders said the road is in the East African Community programme of the developing missing links along the regional infrastructure corridor. Speaking during the launch of the road, President Kenyatta said he is impressed with the progress being made saying it will.... Read more »

Posted on : Thursday , 22nd October 2015

European Union boosts road construction in Ethiopia

The European Union (EU) has pledged 540 million Euros to boost road construction in Ethiopia especially in rural areas for the next five years. Mr Antonio Capone who is the infrastructure leader of EU delegation announced that the money will be used to continue what he referred to as “a remarkable expansion of road network in Ethiopia.” The country had 26,000km of roads in 1997 but as of last year it had 100,000km. He observed.... Read more »

Posted on : Thursday , 22nd October 2015

Tanzania begins the construction of largest port in East Africa

Tanzania begins the construction of largest port in East AfricaTanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize. Officials in Tanzania believe that the construction of largest port in East.... Read more »

Posted on : Tuesday , 20th October 2015

Construction firm Dorra announces plans to build 10,000 houses in Egypt

Construction firm Dorra Group has announced plans to construct 10,000 residential houses in Egypt in a bid to tackle the current demand for housing in the country. Managing director Omar Dorra said they intend to target the youth in their housing projectl. He said that they recently submitted a request to the Ministry of Housing to develop a residential project for youth and middle income persons. “We have not yet received.... Read more »

Posted on : Tuesday , 20th October 2015

Kenya President Roots for Closer Partnerships in Infrastructure Development

President Uhuru Kenyatta has called for closer partnerships between governments, regional and international investors to bridge financing gaps in infrastructure development. President Kenyatta said governments cannot single-handedly invest in every infrastructure needed in the entire region due to resource constraints. He spoke during the 11th Summit of the Northern Corridor Integration Projects (NCIP) at Safari Park.... Read more »

Posted on : Monday , 19th October 2015

Tanzania begins the construction of largest port in East Africa

Tanzania has begun the construction of what it says will be the largest port in East Africa at a cost of about $11bn. Backed by China Merchants Holdings International and Oman’s State Government Reserve Fund, the project is expected to be a game changer in Tanzania’s quest to industrialize. Officials in Tanzania believe that the construction of largest port in East Africa will not only boost the economy of the tourist.... Read more »

Posted on : Monday , 19th October 2015