Market News Page No. 556| Africa Business News | Afrotrade

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N e w s

Tanzania to construct 50, 000 houses in a US$ 48 m real estate project

A total of USD 48.24 will be used in the first phase construction of houses in Tanzania to provide shelter for public servants. The real estate project will be funded by the government of Tanzania. The construction of the houses will be done in collaboration with a real estate developer, Watumishi Housing Company (WHC). WHC also manages overseas real estate investment as a fund management company through the Real Estate Investment Trusts.... Read more »

Posted on : Saturday , 6th September 2014

Coca-Cola to `give back` 18.5b litres of water

Beverages maker Coca-Cola has announced an ambitious plan to ‘give back’ an equivalent of 18.5 billion litres of water it uses globally every year in its products and production process by 2020. The firm said the plan is to replenish water used in its products and to support healthy ecosystems and watersheds in local communities in which it operates. By 2020, Coca-Cola plans to have improved water efficiency by 25 per cent as well as.... Read more »

Posted on : Saturday , 6th September 2014

Qatar investors to enter Kenya real estate market

Qatar is seeking to enter into the Kenya real estate market. A delegation of Qatari Businessmen Association (QBA) has already visited the Kenya’s Minister of Foreign Affairs and International Trade, Amina Mohamed in a bid to improve ties between the two countries. The Minister has stated that the visit would open more business opportunities for Qatar. The delegation visiting the minister was led by Dr.Khalid Bin Thani. Kenyan.... Read more »

Posted on : Saturday , 6th September 2014

Construction of the Juba-Bor Road in Sudan begins

Construction of the Juba-Bor road has started after the signing of an agreement between the Jonglei state government and UNMISS. UNMISS is a Korean contingent of engineers who work for United Nations’ peacekeeping mission in the country. The contract, signed a week ago, will see UNMISS improve the Juba-Bor road. This road has been tempering with transportation of goods from South Sudan capital, Juba to bor. Construction.... Read more »

Posted on : Saturday , 6th September 2014

Five new hotels to be constructed in Nairobi, Kenya at US$79m

The hotel industry in Kenya is set to receive a boost following the setting up of five medium-sized new hotels in the country. The hotels are going to be constructed in various parts of Nairobi, with construction works expected to kick off this year. Once complete, the new hotels will increase the number of hotel rooms in the city by 704. Various firms will be involved in setting up the new hotels. According to a report.... Read more »

Posted on : Saturday , 6th September 2014

KenGen to build industrial park in Naivasha, Kenya.

Naivasha, Kenya: Kenya Electricity Generating Company (Kengen) has set aside 1,300 acres in Olkaria Naivasha for the construction of an industrial park. Five sites in the geothermal rich area have already been identified for the park with Kengen targeting high consumers of electricity. According to Kengen Managing Director Albert Mugo, the company will partner with Export Processing Zone Authority (EPZA) in setting up the industrial park. He.... Read more »

Posted on : Saturday , 6th September 2014

IFC-World Bank Study Establishes Significant Climate Benefit Of Solar Lighting Products

A new research study published by the IFC-World Bank Lighting Global program finds that replacing all kerosene lamps in use with solar lights would reduce the equivalent of 5 percent annual greenhouse gas emissions in the United States, or 12 percent of India’s annual emissions. The study confirms that modern solar lighting products designed for low income families without access to grid electricity are far more energy efficient.... Read more »

Posted on : Friday , 5th September 2014

Kenya: Standard Railway Project Set for October

CONSTRUCTION of the multibillion-shilling standard gauge railway is expected to start in October, Infrastructure PS John Kipng'etich has said. Contractor China Road and Bridge Corporation has started putting up camps at Mariakani, Mtito Andei and Athi River. The camps will aid the construction of the first phase of the Sh327 billion project covering 609km from Mombasa port to Nairobi. Speaking when he toured the.... Read more »

Posted on : Friday , 5th September 2014

Ebonyi to build $1.14b independent power plant

TransGlobe Energy has announced the discovery of a Lower Nukhul oil discovery at NWG 3, a gas/condensate test at North Dabaa 2, and has been awarded a new concession in Egypt’s Western DesertThe oilwell at Lower Nakhul was drilled to a total depth of 1,633 metres and encountered 12.8 metres of net oil pay in the prolific Lower Nukhul formation based on well logs and oil recovered on wireline samples. The Lower Nukhul sandstone.... Read more »

Posted on : Friday , 5th September 2014

Egypt:TransGlobe Energy discovers oil and wins concession

TransGlobe Energy has announced the discovery of a Lower Nukhul oil discovery at NWG 3, a gas/condensate test at North Dabaa 2, and has been awarded a new concession in Egypt’s Western DesertThe oilwell at Lower Nakhul was drilled to a total depth of 1,633 metres and encountered 12.8 metres of net oil pay in the prolific Lower Nukhul formation based on well logs and oil recovered on wireline samples. The Lower Nukhul sandstone.... Read more »

Posted on : Friday , 5th September 2014

New Porsche Model Enters in Kenya's Car Market

Kenya: Competition for a share of Kenya's top-end luxury car market has risen a notch higher after the entry of the Porsche Macan, a sports utility vehicle, made its debut Thursday. Franchise holder of Porsche brands in Kenya, Multiple Group, has also opened a state-of-the-art Porsche Centre, a showroom and after-sales centre at the Sameer Business Park on Mombasa Road. The Sh178 million ($2m) showroom and service centre will house up to seven.... Read more »

Posted on : Friday , 5th September 2014

East Africa majour market for ExSolar

The Exporter Cc has two divisions : Radio Export which is a leading supplier of Motorola radio solutions and two-way radio products and ExSolar, a PV solar systems and components distributor. Both operate on a large scale in the export industry in Africa and the Middle East. When it comes to radio communication equipment, they hold substantial stocks of Motorola equipment in their South African offices. They are also in a position to.... Read more »

Posted on : Thursday , 4th September 2014

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