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

 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

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 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 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

 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 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

 The construction market in Kenya is set for  cutthroat competition after X-Calibur Construction Chemistry Inc., a US-based construction products manufacturer said that it was constructing a concrete and cement additive manufacturing plant in Kenya aiming to tap on the wider  East African region.   The firm said that it would open a manufacturing plant in Nairobi late next year in a move to ease distribution of its products.... Read more »

Posted on : Saturday , 17th October 2015

The Newly constructed Weetabix East Africa plant in Kenya has been opened in the capital Nairobi. The move is aimed at increasing production capacity as well as enhancing efficiency. The new plant which cost US$ 2.5m has the potential of generating up to 60 per cent of the company’s produce. Managing director Mr. Ahsan Manji launched the new plant while marking the company’s 40th anniversary in Kenya. “The recently.... Read more »

Posted on : Friday , 16th October 2015

Multi-donor agency Trade Mark East Africa (TMEA), has hinted that the newly constructed Mombasa port terminal which cost US$ 30.9bn will be  operational in June, 2016. Dr. Chris Kiptoo, the TradeMark East Africa (TMEA) Kenya director said that the agency will hand over the facility to the Kenya Ports Authority (KPA) by mid next year. The terminal which has a capability of increasing container space by 450,000 twenty-foot equivalent.... Read more »

Posted on : Friday , 16th October 2015

Ethiopia and Djibouti have signed a deal worth $1.55 billion for the construction of a 550km refined petroleum products pipeline linking the two countries. The 20-inch pipeline which will transport diesel, petrol and jet fuel from Damerjog port in Djibouti to Awash terminal in central Ethiopia has been contracted to Black Rhino Group and Mining Oil & Gas Services (MOGS). Construction work is scheduled for completion in 2018. The pipeline.... Read more »

Posted on : Friday , 16th October 2015