N e w s

Construction of 200 Houses in Cuvango Built At 10 Percent

Cuvango — The construction works of the 20 social houses, out of 200 residences, in Cuvango municipality, southern Huíla province, are concluded.   Speaking to Angop, the municipal administrator, Miguel Luís said that it is under execution the installation of the technical networks, according to the urbanization patterns.   He stressed that the execution of the project is only in this phase because the.... Read more »

Posted on : Wednesday , 7th October 2015

Aiport Authority plans to set up a multi-million shilling back up centre in Mombasa

The Kenya Airports Authority is putting in place plans for a million-shilling back centre in Mombasa . The facility which will be based at the Moi International airport will be completed within 24 weeks. The backup data centre will be used as a substitute for accommodating the ICT resources. The data centre will also be established as a precautionary measure in case of any outages. The data centre will still be connected to the firm’s.... Read more »

Posted on : Wednesday , 7th October 2015

Garissa-Liboi Road Proposed to Link Kenya with Somalia

The government of Kenya recently announced they are seeking financing for a proposed road that would link Kenya with Somalia. The Kenya National Highways Authority (KeNHA) pronounced that designs had been completed for a proposed road connecting Garissa to Liboi, a Kenyan town just 12 km shy of the Somalia border. No tarmacked road currently exists connecting Garissa to Liboi, though dirt tracks and so-called panya routes or “rat.... Read more »

Posted on : Wednesday , 7th October 2015

Infrastructure construction in Africa to get boost from World Bank

 Infrastructure construction in Egypt is set to improve as the World Bank head Jim Yong Kim expressed his support in various ongoing and upcoming projects. In a meeting with Egyptian president Abdel-Fattah El-Sisi over the weekend in New York the World Bank boss said Egypt has a great potential in terms of development and it deserves more support.   According to the president in a statement they both agreed that the country need.... Read more »

Posted on : Wednesday , 7th October 2015

AfDB approves US$428.43m to fund construction of infrastructure in Africa

The African Development Bank Group (AfDB) has approved US$428.43m to finance construction of infrastructure in Africa including energy, transport and water and sanitation. The eight African countries to benefit from the financial boost include Nigeria, Ghana, Tanzania, Guinea, Senegal, Guinea Bissau, Zimbabwe and Côte d’Ivoire. The construction of a new terminal at the Kotoka International Airport in Accra is part of Ghana’s.... Read more »

Posted on : Tuesday , 6th October 2015

Sheraton announces plans to construct high-end hotel in Kenya

A high-end hotel in Kenya is set to be constructed by global hotel chain Starwood Hotels and Resorts Worldwide, the global hotel giant has announced. The hotel will be constructed at the Jomo Kenyatta International Airport. Sheraton Hotel in Kenya will target tourists and business people visiting Kenya and it is one among six other hotels planned by the global hospitality giant through its investment arm the Africa Hotel Investment.... Read more »

Posted on : Tuesday , 6th October 2015

Boost for EAC as construction of major road linking Kenya and Tanzania launched

East Africa integration has received a boost following plans to construct a major road linking Kenya and Tanzania. The road project that will be funded by  African Development Bank,  was launched by Kenyan President Uhuru Kenyatta and his Tanzanian counterpart Jakaya Kikwete.  The road will link East Africa to the northern corridor. The road construction project which is intended to reduce the time taken for goods to be.... Read more »

Posted on : Tuesday , 6th October 2015

Rising cement consumption signals growth in East Africa

East Africa is one of the world’s fastest-growing marketplaces for construction opportunities and building materials. Significant projects are under construction across East Africa, including Ethiopia’s $4 billion hydro-power dam on the Blue Nile River and Kenya’s Sh195 billion ($13 billion) railway that will link the Port of Mombasa to the Rwandan capital of Kigali via Uganda. In Rwanda, CIMERWA, the only cement company in.... Read more »

Posted on : Monday , 5th October 2015

Hilton Hawassa Resort and Spa in Ethiopia to be constructed by 2020

Hilton Hawassa Resort and Spa in Ethiopia is set to join a portfolio of more than 70 Hilton Worldwide properties in Africa with its construction stated for 2020 in Ethiopia. An agreement which was signed by Sunshine Business PLC and Hilton Worldwide has brought the Hawassa project to birth. Senior Vice President of Development, Europe and Africa for Hilton Worldwide, Patrick Fizigibbon, confirmed the news and said that with.... Read more »

Posted on : Friday , 2nd October 2015

New ports in Tanzania to be constructed

Tenders for consultancy services and engineering designs for the development of several ports in Tanzania have been advertised by the Tanzania Ports Authority (TPA). The tender entails a request for interest in consultancy services for feasibility studies and preliminary engineering designs for development of new ports at Kilwa, Lindi and Rushungi, plus a transshipment hub along the Indian Ocean coast. The ports in Tanzania will boost easy.... Read more »

Posted on : Friday , 2nd October 2015

Appolonia and Eban Properties to develop homes on 20 hectares of land at the landmark satellite city project

The 2-3 bedroom houses to be constructed by Eban Properties will have prices ranging from $75,000 to $100,000. Show houses will be completed by December 2015. The residential development, called The Oxford, is the second to be announced by the project developers this year. In March, Appolonia launched its 24-hectare Nova Ridge residential enclave, allowing homebuyers to design and build their own homes on a range of plot.... Read more »

Posted on : Friday , 2nd October 2015

EMERGING CAPITAL PARTNERS INVESTS IN TWO NORTH AFRICAN CONSTRUCTION COMPANIES

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, announced today that it has acquired controlling stakes in two North African construction sector businesses. The equity investments in Shoresal and Almes, totaling USD $26.2 million, are part of ECP’s strategy to expand its North Africa portfolio. “ECP has invested in various African engineering and construction.... Read more »

Posted on : Friday , 2nd October 2015



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