The Chinese company, Asian and African Business Management, has teamed up with a Namibian company, Whale Rock Cement, to set up a 350 million U.S. dollar cement plant.   A memorandum of understanding was signed in Windhoek Thursday between the two companies to kick start the project that will see the creation of 400 jobs.   The Chinese Ambassador to Namibia Xin Shunkang and the chairperson of the Asian and African Business.... Read more »

Posted on : Friday , 30th October 2015

THE National Service economic wing (SUMA-JKT) and a Polish firm Ursus S.A signed a US $55 million deal for tractor supply and construction of an assembling plant. The signing held at National Service (JKT) Headquarters was witnessed by Prime Minister Mizengo Pinda and former Polish president Lech Walesa, who is also a Nobel Laureate. Premier Pinda said the deal was the outcome of his last year's visit to Poland where the east Europen country.... Read more »

Posted on : Thursday , 29th October 2015

SOUTH Korean engineering firm, POSCO, may build and help arrange financing for a graphite project in Tanzania being developed by Magnis Resources, as the Australian explorer races to start production from the east African site by 2017. Demand for graphite is expected to soar as it is a major ingredient in lithium-ion batteries for hybrid vehicles and wind and solar energy storage, with appetite for greener transport and energy booming. Magnis,.... Read more »

Posted on : Thursday , 29th October 2015

The Dar Misr housing construction project in Egypt is on the right track and that 31% of the first phase has been completed, project supervisor Mohamed Nabih has confirmed. The first phase has a total of 13,269 units in New Cairo and 5,712 units in New Damietta According to the project supervisor Nabih in a report handed over to Egypt’s Minister of Housing Mostafa Madbouly by mid of October 2015 the project was 31% complete and they.... Read more »

Posted on : Tuesday , 27th October 2015

The tender winner of US $2 billion construction project of major highways in Zimbabwe will be known soon. Three finalists for the dualisation of Beitbridge-Harare and Harare-Chirundu highways have been submitted to the Vice President of Zimbabwe, Emmerson Mnangagwa for consideration before the final winner is chosen. The three were selected out of the final 12 and the VP will have to deal with it as he was responsible for the for the.... Read more »

Posted on : Tuesday , 27th October 2015

Construction work on the second phase of a new wax plant in South Africa has began. The wax plant is at Sasolburg, Mpumalanga. The construction of the plant marks the beginning of the second phase the first one having constructed early this year. According to the President and CEO of Sasol Group, David Constable, commissioning of this second phase of the new wax plant in South Africa is expected to take place on the first half of.... Read more »

Posted on : Monday , 26th October 2015

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

 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

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

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 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

 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