The World Bank has released over Sh54 billion to fund the laying of fibre optic cable and construction of a superhighway connecting Kenya and South Sudan.   The project, which runs concurrently in the two countries, was commissioned Wednesday following the release of the funds.   The fibre optic cable will be placed along the Lokichar – Nedapal road as the road is constructed.   South Sudan’s ICT minister Rebecca.... Read more »

Posted on : Friday , 11th September 2015

 Dangote Industries Limited has entered a multimillion joint venture agreement with Italy’s Saipem to establish a new company called Saipem-Dangote E&C   The new company aims to secure complex engineering and construction (E&C) projects in the Nigerian, Central and West African markets, said Dangote Group executive director Devakumar Edwin. The new venture will implement projects with the highest levels of efficiency.... Read more »

Posted on : Friday , 11th September 2015

Tanzania Ports Authority (TPA) plans to increase capacity of Dar es Salaam Port for it to handle consignments from 15 million tonnes to 18 million tonnes per year with effect from next year, following a major renovation exercise.   Dar es Salaam Port Manager, Mr Hebel Mhanga told a press conference in Dar es Salaam that the Port will be able to handle consignments in five days instead of the current nine, saying the move will allow more.... Read more »

Posted on : Friday , 11th September 2015

Kenya and South Sudan will be connected to a high-speed fibre optic cable within the next two years enhancing communication and inter-border trade.   The ICT Authority is implementing the Kenyan-side of the project through a World Bank fund estimated at a cost of USD 25.5 million dollars, while the Sudan side is estimated to cost USD 15 million dollars. The road construction between Lokichar and Nedapal is worth USD 500 million dollars.... Read more »

Posted on : Thursday , 10th September 2015

ZANZIBAR government has officially approved the construction of a new sea port at Mpiga-duri coastal area starting early next year. This was announced here by President Dr Ali Mohamed Shein saying that Exim Bank of China has already allocated 200 million US dollars as part of the funds for the project. He said Zanzibar has been on the right track in achieving its development goals and the new port will put an end to the present congestion at.... Read more »

Posted on : Thursday , 10th September 2015

 China Railway Construction Corp Ltd., (CRCC) has signed two deals worth US$5.5bn for construction projects in Africa railwaylinenigeria-johnward CRCC’s China Civil Engineering Construction Corporation will build an intercity railway line for US$3.5bn in Nigeria’s Ogun State. The Chinese company has also won the order from the Zimbabwean Ministry of Local Government, Public Works and National Housing to develop the Magamba.... Read more »

Posted on : Thursday , 10th September 2015

 Kenya’s private sector has formed a consortium in a move to tap into billions of shillings worth of investment opportunities arising from the Northern Corridor Integration Projects (NCIP). This comes following renewed calls by the private sector to have local companies play a bigger role in the development of mega-projects in the East African region, which are currently dominated almost entirely by Chinese State-owned firms. The.... Read more »

Posted on : Thursday , 10th September 2015

 Africa’s largest solar carport in Kenya constructed by Solarcentury is set to be opened at the newly constructed Garden City mall. The move is set to cut carbon emissions by around 745 tonnes annually.   Solarcentury said that the constructed solar carport in Kenya will use the dual-mode technology which is a highly innovative energy solution that provides solar energy during the day implying that less is used from the grid;.... Read more »

Posted on : Wednesday , 9th September 2015

Construction of power plants in Egypt has received a boost following the signing of a deal worth $243 million with Japan International Cooperation Agency.   The funds which will be channeled to Egyptian electricity companies are  aimed at enhancing the country’s troubled electricity sector that has seen several areas experience outages.   According to Japan, International Cooperation Minister Najla Ahwani the agreement.... Read more »

Posted on : Wednesday , 9th September 2015

 China Civil Engineering Corporation (CCECC) has concluded a US$246mn deal with Ethiopia’s Industrial Parks Development Corporation (IPDC) for the construction of the Hawassa Industrial Park   Ethiopian firm MH Engineering has been appointed as a consultant on the project, which will be completed in nine months. The industrial park will focus on garment manufacturing and the agriculture industry. The first phase of.... Read more »

Posted on : Wednesday , 9th September 2015

 Sino Cement Zimbabwe is setting up a brick and tile manufacturing unit in Gweru, Zimbabwe at the cost of US$20mn Brick Factory - adam fletcher - Wikipedia CommonsThe unit will create about 200 local jobs and manufacture about 60mn bricks annually.  The cement producing company is a subsidiary of China National Materials Group Corporation (SINOMA), which is administered by the Chinese government. Sino Cement managing director Wang.... Read more »

Posted on : Tuesday , 8th September 2015

 Uganda’s property market has continued to show signs of recovery in the retail and office sectors, amid concerns over high interest rates and volatility of the shilling.   Retail performance, according to crane management services, remained vibrant during the first half of the year, with most shopping places registering more than 90% occupancy.   “Food, fashion and entertainment have been the biggest tools in.... Read more »

Posted on : Monday , 7th September 2015