Cimentos de Moçambique, a subsidiary of Portuguese cement producer Cimpor, has announced plans to invest US$250mn in a new integrated cement plant in Nacala, Mozambique The new facility is expected to start functioning from 2018. A statement issued by the company said, “The new capacity to be installed increases the efficiency of the response to local demand for cement, while Cimentos de Moçambique recognises its role.... Read more »

Posted on : Saturday , 22nd August 2015

The construction of first cancer hospital in Kenya is set to begin following a groundbreaking ceremony by the first lady, Mrs. Margaret Kenyatta. The hospital is a partnership between local entrepreneurs and General Electric Company.   The construction of the state-of-the-art treatment centre at Ridgeways in Kiambu County will cost US$ 20m and will cater for close to 10,000 cancer patients.   Dabbed Tesla Cancer Hospital, the.... Read more »

Posted on : Wednesday , 19th August 2015

 Construction of power projects in Tanzania is set to begin after 4 companies in the country were announced beneficiaries of US president Barrack Obama’s Power Africa initiative. The companies will eventually help in the expansion of renewable energy solution which targets rural areas.   The grants to construct the power projects in Tanzania which have been awarded by General Electric Africa in conjunction with the US African.... Read more »

Posted on : Wednesday , 19th August 2015

 Construction of a US$44M wind power plant in Kenya is set to begin in Meru county. The project is spearheaded by Maralal Energy Limited.   Maralal Energy which is a privately-owned Kenyan firm disclosed that the money will be used to construct the wind farm whose electricity will be included in the national grid.   Kenya Electricity Generating Company (KenGen) and Bluesea Energy are also currently undertaking projects that.... Read more »

Posted on : Wednesday , 19th August 2015

 Equatorial Guinea has secured a wave of Chinese investment, following a trade forum in Dalian The Equatorial Guinea-Asia Economic Forum was hosted in the Northeastern Chinese city by representatives of the West African nation’s Ministry of Mines, Industry and Energy, with the aim of showcasing the country’s investment opportunities. The Equatorial Guinean government has since announced the signing a series of memoranda of.... Read more »

Posted on : Tuesday , 18th August 2015

Constructions industry in Rwanda is on an upward trajectory after the country’s president Paul Kagame opened complexes worth $50m in the capital Kigali. The president challenged contractors to ensure they provide durable and quality structures.   Kagame congratulated local investors like Bertin Makuza whose 15-storey constructed building was inaugurated.  In his speech, Makuza said that construction of his building cost $42.... Read more »

Posted on : Tuesday , 18th August 2015

 Green Arava of Israel is set to construct a multi-million maize milling plant in Kenya at Galana-Kulalu irrigation project to ease in the flour processing once the first crop is harvested.   The equipment which has already been bought from South Africa will have the ability to process and package the flour for sale immediately after leaving the farm.   “The contractors have already procured the milling machine and we.... Read more »

Posted on : Monday , 17th August 2015

 The construction of Akiira Geothermal plant in Kenya has boosted power supply in Kenya after the firm signed a 70MW power deal with Kenya Power that will boost the chances of attaining the 5,000MW goal set by the Kenyan Government.   The 70megawatt power purchase agreement (PPA) between the two companies will last for 25 years and will see Kenya Power buy electricity from Akiira at Sh9.3 per unit (9.23 US cents), which is about half.... Read more »

Posted on : Monday , 17th August 2015

The construction of Adada river dam in Nigeria in Enugu State is expected to be completed and commence operational in July 2016. This was revealed by the Enugu State Governor Ifeanyi Ugwuanyi during his inspection at the dam’s construction site. He added that, his administration is ready and willing to provide the necessary support to ensure the project is delivered as scheduled. The project is being supported by the government through the.... Read more »

Posted on : Friday , 14th August 2015

At the peak of bilateral talks with President Ellen Johnson-Sirleaf, China's Foreign Minister Mr. Wang Yi says his country is prepared to add value to Liberia's raw material, as he announces plans to establish a steel plant here.   His announcement comes after President Ellen Johnson Sirleaf made such proposal to a visiting 15 man Chinese business delegation last week. "The highlight of this is that China has committed to helping us.... Read more »

Posted on : Friday , 14th August 2015

An estimated $55.6 billion in investment into infrastructure development for Kenya is planned (as of 2015), the majority of which will focus on telecommunications and power generation infrastructure, a new study reveals.   Dubbed as African Infrastructure Tracker: Kenya, the research and analysis was done by Frost & Sullivan. The study also reveals that Kenya is set to become a hub for intra-regional trade in Africa.   The.... Read more »

Posted on : Friday , 14th August 2015

The mining industry in Zimbabwe is currently the biggest target for international investors.   Mines and Mining Development Deputy Minister Fred Moyo said the mining sector is the biggest drawcard to the country for foreign investors.   "Mining is currently Zimbabwe's biggest target for international investors. Mineral exports account for over 50 percent of the country's foreign exports earnings," said Deputy Minister.... Read more »

Posted on : Friday , 14th August 2015