Chinese partnership with Kenya has energized a Chinese based global manufacture AVIC International Holding Corporation which is set to construct a $200mn office complex in Nairobi Kenya which is expected to be its African Headquarters. The offices suites that will be located in Westlands in Nairobi got a major boost after the city council of Nairobi gave Avic International Kenya a go ahead to bring up the building in the.... Read more »

Posted on : Wednesday , 29th July 2015

Continuous growth on the African continent has brought with it a growing need for infrastructure development to meet the requirements of the growing population.   With that said innovation in the construction industry is at the core of development on the continent.   Toby Shapshak, who will be a Keynote speaker at the African Construction and Totally Concrete Expo 2015, in his TED Global address in 2013 said, “Innovation in.... Read more »

Posted on : Saturday , 25th July 2015

Stamigold Company Limited, subsidiary of Tanzania’s State Mining Corporation (STAMICO), announced that it has sold in international markets 12,923 ounces of gold worth USD 15 million, as a result of its first year’s operations at Biharamulo Gold Mine Project located in Kagera Region, Northwest of Tanzania. Tanzania-stamigoldThe announcement was done at an event headed by Stamigold General Manager, Eng. Dennis Sebugwao in Dar es.... Read more »

Posted on : Saturday , 25th July 2015

 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