NAIROBI - The World Bank's private sector arm, the International Finance Corporation (IFC), on Friday inked a new partnership with Chinese construction and engineering company to develop low-cost houses in three African countries. IFC and CITIC Construction Co., Ltd will set up a joint venture and inject 300 million U.S. dollars to develop 30,000 homes in Kenya, Rwanda and Nigeria in the next five years. "As Sub-Saharan Africa becomes.... Read more »

Posted on : Tuesday , 2nd June 2015

 Cement production in Kenya is soon to see a new entrant. A new cement grinding plant is set to be constructed in Western Kenya on a 50 acre piece of land. It is projected to produce 730,000 tonnes of cement every year and hence enhance the competition in the industry.   “The plant will have the capacity to increase cement production in Kenya by 2,000 tonnes of cement per day using raw materials such as clinker, additives,.... Read more »

Posted on : Monday , 1st June 2015

 The construction of a super highway linking Liberia and Côte d’Ivoire is set to kick off and the project will be funded by the African Development Bank (AfDB). According to the AfDB outgoing President, Dr Donald Kaberuka the project will start soon since they are currently evaluating on the budget that will be able to complete the project in the recommended time. The president who was speaking during the Bank’s 50th.... Read more »

Posted on : Monday , 1st June 2015

 The Tanzanian port of Dar es Salaam was once the most efficient in sub-Saharan Africa.   The performance of the port, which is the second-largest in east Africa, has slipped dramatically over the past 20 years.   Ships are often forced to wait to dock and the transit of goods through the port is slow. The World Bank estimates that trade costs are 60 per cent higher between Tanzania and China than between Brazil and China,.... Read more »

Posted on : Tuesday , 26th May 2015

Flintstone Engineering, a little known Ethiopian firm, is targeting the Tanzanian market, thanks to a programme run by the German Technical Cooperation (GIZ). Currently, the company is undertaking a USD 3.5m National Housing Corporation project in Tanzania, said Flintstone founder and Chief Executive Officer, Moges Tadese. “In Tanzania we have only one project which we are doing alone and a second one with almost equivalent size.... Read more »

Posted on : Saturday , 23rd May 2015

 Aliko Dangote, the owner of Dangote Cement announced that the new Tanzania factory is ready to start production by August 2015.The company who is the largest manufacturer of cement in the African continent is building a USD 500 million factory in southern Tanzania with an annual capacity of 3 million tonnes.   The Tanzania plant will supply the domestic market and export to landlocked countries in the region and is expected to bring.... Read more »

Posted on : Friday , 22nd May 2015

A private cargo handling and logistics company, DSM Corridor Group Ltd, has started construction of a dry port in Kisarawe district, 40km from Dar es Salaam port. The project will cost a total Tsh32.8 billion ($17 million). According to DSM chief executive officer Erik Kok, the move is aimed at reducing congestion at the Dar es Salaam port. “The multipurpose dry port is approximately 100,000 square metres; at the moment; we have.... Read more »

Posted on : Monday , 11th May 2015

Rwanda has signed an agreement that will see United States finance upgrading of feeder roads so as to improve the road infrastructure in various parts of the country. The Feeder Roads program will see 2500km of road network renovated – a project expected to end in 2018 and will cost an approximate amount of US$ 50m. Meanwhile, Rwanda is set to have established a total budget for rural feeder road network in 2016. The US envoy to.... Read more »

Posted on : Saturday , 2nd May 2015

Brookwoods Capital, a privately held equity firm will be investing US$ 27b on the construction of Tanzania’s Mwambani Port and Railway Corridor (Mwaporc) project in Tanga, which is set to be one of the region’s largest development corridors. Construction of Mwambani Port and Railway Corridor (Mwaporc) is set to help in the direct shipping of goods from international ports. Mwaporc development corridor will see exporters and.... Read more »

Posted on : Thursday , 30th April 2015

Dar es Salaam — Civil works have started on the $593 million upgrade of Dar es Salaam port involving financing by both bilateral and multilateral donors and overseen by TradeMark East Africa, the non-profit consultancy. Philippe Dongier World Bank Country Director for Tanzania, Uganda and Burundi said last week the event is happening at the right time when the World Bank together with the Tanzania government, the British Department of.... Read more »

Posted on : Tuesday , 28th April 2015

Deloitte East Africa has released a report showing that China is responsible for building 31% of all infrastructure projects in East Africa in 2014. This went up as compared to the 19% in 2013. The report was recently released during the third edition of the annual Deloitte African Construction Trends Report 2014 and it stated that Europe and the United States contributed 18% of construction, followed by the government at 13.... Read more »

Posted on : Friday , 13th March 2015

 According to a study by the World Bank, Kenya’s economy will rise massively to 7 percent and public investments in infrastructure – especially from the standard gauge railway – and energy sectors will help in the growth in the medium term.   The current Kenya Economic Update (KEU) explains that the country has grown economically and is anticipating a growth rate of 7 percent between 2015 and 2017, from 5.4 percent.... Read more »

Posted on : Tuesday , 10th March 2015