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Friday, November 17, 2017
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South African construction firm Raubex eyes international market

South African construction firm Raubex eyes international market

South African construction heavyweight Raubex will be seeking to establish its foothold internationally to boost revenue in the wake of weak domestic growth, the company's CEO Rudolph Fourie has said. The move has been attributed...
Uganda to launch construction of East African crude oil pipeline

Uganda to launch construction of East African crude oil pipeline

Uganda is set to commission the construction of a major oil pipeline in the country dubbed East African crude oil pipeline. It follows a similar launch of the project in Tanzania in August this year. The...
Sika acquires US firm Butterfield Color as part of expansion plan

Sika acquires US firm Butterfield Color as part of expansion plan

Chemical giant Sika has acquired Butterfield Color, Inc. a US-based market leader in the production of decorative concrete floor products and systems. The firm said that the acquisition will accelerate Sika's growth by bringing the...
South African miner Sibanye sends 2000 workers packing

South African miner Sibanye sends 2000 workers packing

South Africa's National Union of Mineworkers (NUM) has confirmed that precious metals producer Sibanye has sacked over 2000 miners at its loss-making Cooke gold mine. The miner acknowledged that it was not possible to define...
Cote d'Ivoire inaugurates Chinese-built biggest hydropower dam

Cote d’Ivoire inaugurates Chinese-built biggest hydropower dam

Source: Xinhua Cote d'Ivoire on Thursday inaugurated a Chinese-built hydropower dam, the largest of its kind in the West African country. The 4.5-km-long Soubre hydroelectric power station, at Naoua Falls on the Sassandra River, with an...
Africa urged to address infrastructure deficit to boost trade

Africa urged to address infrastructure deficit to boost trade

African countries are being urged to tackle their infrastructure deficit to promote economic growth through industrial development. Speaking at the 10th Session of the Committee on Regional Cooperation and Integration (CRCI,  Executive Secretary of the...
East Africa to benefit from China's Belt and Road Initiative

East Africa to benefit from China’s Belt and Road Initiative

Various East African countries along China's Belt and Road Initiative(BRI) have the potential to provide major opportunities for investment, a new report released Wednesday has shown. The report, Belt and road: Opportunities and Risk:The prospects...
Kenya defies political tension to rank 3rd in Ease of Doing Business

Kenya defies political tension to rank 3rd in Ease of Doing Business

Kenya has defied heightened political tension in the country to rank third in sub Saharan Africa in the World Bank Ease of Doing Business 2018 Report. Mauritius continues to lead in Africa closely followed by...
Rosatom, Nigeria sign deal for nuclear power plants

Rosatom, Nigeria sign deal for nuclear power plants

Russian state-owned company Rosatom is set to construct two nuclear power plants in Nigeria sources at the Nigeria Atomic Energy Commission have told the BBC. Reports indicate that Russia has signed a deal to nuclear...
Breakthrough on longest railway tunnel in North Africa

Breakthrough on longest railway tunnel in North Africa

A Chinese firm working on the longest railway tunnel in North Africa has announced that it has officially finished cutting through it, a major achievement for a project that has been underway for years. China...
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