The Kenya Commercial Bank Rwanda and Century Park Ltd have inked a financial partnership agreement to fast-track the multimillion dollar Century Park Complex Rwanda in Kigali . The bank will put in more than $200 million into the construction of the Century Park Complex Rwanda that is expected to add more than 200 apartments, 16 dinner lavish villas, supermarkets and two 5 star hotels. The contract, according to Charles Haba, the.... Read more »

Posted on : Friday , 24th July 2015

 Kenya Pipeline Company has secured a $350million loan to invest in the construction of a new 450-kilometre oil pipeline in Kenya from Mombasa to Nairobi. The state owned oil dispenser will move ahead to a 20 inch contemporary multi-product oil pipeline in Kenya to reinstate the more than 30 year old – 14 inch pipeline currently in use. For the duration of the signing of the loan with a group of six banks, KPC acting managing.... Read more »

Posted on : Friday , 24th July 2015

 BNP Paribas Italy and Intesa San Paolo banks have signed a US$ 333m agreement with Kenya for the construction of Kuresoi dam in Kuresoi, Nakuru county.   The signing of the agreement at State House, Nairobi, was witnessed by President Uhuru Kenyatta and Italian Prime Minister Matteo Renzi after they held bilateral talks. The agreement brings Italy’s total financial assistance to Kenya to US$ 528m   The total amount will.... Read more »

Posted on : Wednesday , 22nd July 2015

The United Nations Secretary General (UNSG) announced last week that Tanzania is among four countries to benefit from a USD 12 billion fund awarded by the Global Financing Facility (GFF) to support the health sector in emerging countries. Tanzania-global-financing-facilityThe announcement was done by UNSG’s Mr. Ban Ki Moon during the Third International Financing for Development Conference in Addis Ababa, Ethiopia early last week. The.... Read more »

Posted on : Wednesday , 22nd July 2015

According to the African Development Bank, East Africa will grow by 5.6% in 2015 and by 6.7% in 2016, making it the fastest growing region on the continent.   Today 54% of the world’s population lives in urban areas, but by 2050 the urban population is expected to rise as high as 62% in Africa. Currently only about 40% of African people live in urban environments, but as urbanisation rates continue to climb, some African cities will.... Read more »

Posted on : Wednesday , 22nd July 2015

 Construction experts and enthusiasts can look forward to attending the biggest yet conference of global construction industry shareholders right here on South African soil next month.   The annual African Construction and Totally Concrete Expo, which takes place from 12 May to 15 May 2015, will offer attendees five unique expo experiences which include the African Construction Expo, Totally Concrete Expo, Coatings for Africa,.... Read more »

Posted on : Wednesday , 22nd July 2015

 BNP Paribas Italy and Intesa San Paolo banks have signed a US$ 333m agreement with Kenya for the construction of Kuresoi dam in Kuresoi, Nakuru county.   The signing of the agreement at State House, Nairobi, was witnessed by President Uhuru Kenyatta and Italian Prime Minister Matteo Renzi after they held bilateral talks. The agreement brings Italy’s total financial assistance to Kenya to US$ 528m   The total amount will.... Read more »

Posted on : Tuesday , 21st July 2015

Kenya is about to enter an important new stage in the development of its mining sector. The Mining Bill 2014, currently under review by the Senate, should be enacted before the end of the year and Kenya is about to embark on developing a 20-year strategic plan for the sector with the assistance of McKinsey & Company.   The Mining Bill will regulate, amongst other things, how investors engage with various levels of government and local.... Read more »

Posted on : Saturday , 18th July 2015

Gold deliveries have increased by an average of 50% this year due to the plugging of leakages of the precious mineral, with focus now on improving the supply side for small scale gold miners, Mines minister Walter Chidhakwa has said.   Mineral leakages have cost the country billions of dollars in lost revenue, reducing official gold sales from 27 tonnes in 1999 to the current average of 12 tonnes per year.   In an interview.... Read more »

Posted on : Saturday , 18th July 2015

 Africa is growing and more opportunities are coming up for the construction related investors who are looking into the bigger picture. As the growth of the continent’s economy increases there are key factors that are contributing to this robust case: rapid urbanization, strong current and projected economic growth, a rising middle class, regional integration and strengthened democracy, transparency, accountability and governance in.... Read more »

Posted on : Saturday , 18th July 2015

 Dangote Group set to deliver the second cement plant in Cameroon. The plant will have the capacity to produce of 1.5million metric tonnes of cement a year. Not so long ago, the group commissioned its first cement plant in Douala with an equal capacity production of 1.5million tonnes per year.   Aliko Dangote, the Dangote group owner, held a meeting with Philemon Yang the Cameroon’s Prime Minister in Yaounde, where he revealed.... Read more »

Posted on : Saturday , 18th July 2015

 Chryso Southern Africa Group which is a leading manufacturer of chemicals used in the construction industry is set to erect a factory in Kenya as from 2016. At the moment, it has opened an office in Nairobi so as to expand its services in the East African region.   “Servicing customer needs is our primary driver and the establishment of Chryso Eastern Africa further underlines our strategy to further expand our footprint in.... Read more »

Posted on : Friday , 17th July 2015