Market News Page No. 559| Africa Business News | Afrotrade

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30 Swedish style villas for Kisumu s Riat Hill

With an initial budget of over a billion shillings, the development of 30 Swedish style villas on 8.5 acres is now underway after the project launch at the Swedish Ambassador’s residence in Nairobi last week. The project is the brainchild of Fred Andersson, the Swedish entrepreneur who has more than 40 years working with various multinationals. In Kenya, he is known for establishing the coastal lodge Kinondo Kwetu,.... Read more »

Posted on : Thursday , 11th September 2014

Africa: Moving Consumers Up The Energy Ladder

After successfully catalyzing the market for clean, affordable solar lighting products in the unelectrified, largely rural areas of Africa, the Lighting Africa program is moving up the energy ladder to support products that provide a wider range of energy services, beyond lighting and cellphone charging. This expansion into larger systems is prompted by consumer and industry demands, as well as rapid development of new technology, and the.... Read more »

Posted on : Thursday , 11th September 2014

Africa: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.... Read more »

Posted on : Thursday , 11th September 2014

US$ 533m Kariba power project in Zimbabwe kicks off

The Kariba power project in Zimbabwe kicked off officially with President Mugabe commissioning on 4th of September; the project is estimated to cost US$533 million and is expected to generate an additional 300MW by 2017. Speaking soon after the groundbreaking ceremony, President Mugabe said he was happy that the Kariba power project had begun to take shape. The project had been on the cards for years, with its implementation.... Read more »

Posted on : Thursday , 11th September 2014

US$ 374m Kpone Independent Power Project in Ghana to be undertaken by Group Five

Group Five, a South African firm, has worn a project for designing and construction of a 350Mw gas and oil-fired power plant in Ghana. According to a Group Five spokesman, the Kpone Independent Power Project contract will run for three years in order to see through the construction of the plant located in the Kpone municipality. The notice to proceed with construction of the Kpone power plant is expected once the commercial and.... Read more »

Posted on : Thursday , 11th September 2014

US-based Louis Berger to construct US$ 9.0m section of Yaounde-Douala highway in Cameroon

Louis Berger, an engineering services company based in US has secured a five-year contract for construction works to improve a section of the Yaoundé-Douala highway in Cameroon. The contract is a five-year engagement that will see the country’s Yaoundé diplomatic region connected to the country’s Douala deepwater port. Construction works on the Yaoundé-Douala highway by Louis Berger will make the road a.... Read more »

Posted on : Thursday , 11th September 2014

Arab Contractors seals new housing contract with Algeria

Arab Contractors Company (AC), Egypt’s leading Construction Company is set to sign a new contract for implementation of various housing projects in Algeria this month. The contract is to be signed this month between the Government of Algeria and the company, according to the Chairman of Arab Contractors Company (AC), Mr. Mohsen Salah. The signing of the awarding of the contract to the Arab Contractors Company (AC) is expected to boost.... Read more »

Posted on : Thursday , 11th September 2014

US $80m Zim Plant in Zimbabwe to be completed by 2016

Construction of the cement plant, Zim in Zimbabwe, will be completed by 2016 according to PPC Zimbabwe division. The plant will all cost US$ 80m upon completion. The company’s managing director Mr Njombo Nekula said Environmental Impact Assessment for the Zim Plant project was already approved, and construction has begun. The new Zim mill in Harare will give a competitive advantage to the company, and help reduce production costs since.... Read more »

Posted on : Thursday , 11th September 2014

Tender announced for US$ 465m Dar es Salaam maritime gateway improvement project, Tanzania

Tanzania Ports Authority has called on bidders to tender for the Dar es Salaam maritime gateway improvement project, which will be funded by the World Bank through the International Bank for Reconstruction and Development (IBRD). The Dar es Salaam maritime gateway improvement project, which entails designing and building of roll-on roll-off terminal in the Dar es Salaam port, deepening and strengthening berths 1-7 at the port, and construction.... Read more »

Posted on : Thursday , 11th September 2014

US$ 110.54b secured for the Mombasa�Bujumbura highway

The African Development Bank (AfDB) has given Kenya a loan worth US$ 110.54b to construct Mombasa–Bujumbura highway that will link Kenya and Rwanda. Branching off the Northern Corridor at Voi, the Mombasa–Bujumbura highway will stretch 1550 kilometers. The road will also connect the Central Corridor to Tanzania at Moshi. It will also cross Arusha and Singida, on its way to Bujumbura. The highway will be shorter than the.... Read more »

Posted on : Thursday , 11th September 2014

Tender announced maritime gateway improvement project in Dar es Salaam

Tanzania Ports Authority has called on bidders to tender for the Dar es Salaam maritime gateway improvement project, which will be funded by the World Bank through the International Bank for Reconstruction and Development (IBRD). The Dar es Salaam maritime gateway improvement project, which entails designing and building of roll-on roll-off terminal in the Dar es Salaam port, deepening and strengthening berths 1-7 at the port, and.... Read more »

Posted on : Thursday , 11th September 2014

US$5bn given to Mozambique for infrastructure among other projects

Investment worth US$5bn was approved for three provinces in Mozambique. It was noted that the approved investments will help the North of Mozambique undertake several projects in agriculture, forestry, infrastructure, tourism, and hydrocarbon sector. The projects are aimed at creating opportunities for small, micro and medium-sized national companies. The projects are also expected to create 20,000 job opportunities in the three.... Read more »

Posted on : Thursday , 11th September 2014

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