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Friday, November 17, 2017
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Chinese firm to construct major hydropower plant in Angola

Chinese firm to construct major hydropower plant in Angola

  Angola has launched the construction of a massive hydropower plant which it says will help solve the power shortage in the country. President Jose Eduardo dos Santos officially inaugurated the construction of the Caculo Cabaca...
Teraco constructs Africa's biggest data centre

Teraco constructs Africa’s biggest data centre

Expansion of Africa’s biggest data centre which began in early 2015 in South Africa is going on well with completion slated for late 2017, CEO Lex van Wyk has said. The company raised R400m from...
Turkish construction firm Yapi Merkezi mulls growth in Africa

Turkish construction firm Yapi Merkezi mulls growth in Africa

Turkish construction giant Yapi Merkezi hopes a $3 billion modern railway-line project it is building in Ethiopia and Tanzania will showcase its skills and make it a “trusted development partner” in Africa. The consortium, which...
South African construction group Aveng ends talks to sell steel arm

South African construction group Aveng ends talks to sell steel arm

South African construction group Aveng has ended talks to sell its steel arm , Chief Executive Kobus Verster has confirmed. The CEO cited failure to reach agreement on price as the main reason. Consequently,Mr Verster said...
Avic plans complex to house NCA, road institutions in Kenya

Avic plans complex to house NCA, road institutions in Kenya

Kenya plans to construct a mega complex in Nairobi that will house Kenya’s road institutions and the National Construction Authority(NCA). China’s firm, Avic has already won the project’s tender. The firm through China National Aero-Technology...
Kenya launches Isiolo international airport in northeast region

Kenya launches Isiolo international airport in northeast region

Isiolo International airport is part of the Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor project
Tanzania mulls dry port to serve East Africa, Great Lakes region

Tanzania mulls dry port to serve East Africa, Great Lakes region

Tanzania plans to construct a dry port in the western part of the country to serve East Africa and the Great Lakes region the country's ports authority has said. An official from Tanzania Ports Authority...
Kenya unveils the highest voltage transmission line in East Africa

Kenya unveils highest voltage transmission line in East Africa

Kenya has unveiled the highest voltage transmission line in East Africa that would help in picking cheaper geothermal energy from power stations to feed Nairobi and neighbouring towns, the country’s electricity transmission company has...
Kenya's property prices decrease slightly due to oversupply

Kenya’s property prices decrease slightly due to oversupply

Kenya's property prices have experienced a 3.1 percent decrease in the second quarter as a result of oversupply, a report released on Wednesday reveals. According to the Hass Property Index, the real estate sector has...
Acacia Mining slapped with huge tax bill as shares tumble

Acacia Mining slapped with huge tax bill as shares tumble

Gold miner Acacia Mining says it has received a tax bill that is four times the GDP of Tanzania where it operates, affecting its performance in the stock market. Acacia Mining’s shares fell for a...
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