21.2 C
Kenya
Saturday, July 21, 2018
Advertisement
Ethiopia collects public funds for mega dam construction

Ethiopia collects public funds for mega dam construction

Ethiopia has collected $460 million from the public for the construction of a 6,450 megawatts hydro mega dam on Blue Nile River. Named Grand Ethiopian Renaissance Dam (GERD), located in western Ethiopia, 40 kilometres from...
Mortgage uptake in Kenya records major drop

Mortgage uptake in Kenya records major drop

  Mortgage uptake in Kenya has dropped significantly for the first time in a decade, new data from the country's central bank shows. The report released Wednesday by Central Bank of Kenya(CBK) reveals that the number...
Kigali Heights feted in Africa Property of the Year award

Kigali Heights feted in Africa Property of the Year award

Rwanda's Kigali Heights Development has won the award for the ‘Africa Property of the Year’ in the ‘Best Mixed-Use Development’ category, a statement from the ongoing Africa Property Investment (API) Summit & Expo 2017...
South Africa's Mall of Africa scoops engineering award

South Africa’s Mall of Africa scoops engineering award

South Africa's Mall of Africa, has bagged a major engineering award at the Consulting Engineers South Africa (CESA) Awards. The Mall of Africa was announced as the winner of the Engineering Excellence Award for projects...
Lamu coal power plant in Kenya attracts AfDB funding

Lamu coal power plant in Kenya attracts AfDB funding

AfDB Director-General of the East Africa Regional office Gabriel Negatu has said that talks are in top gear to fund the construction of Lamu coal power plant in Kenya. The deal is part of pan...
South Africa's Basil Read mulls rights issue, steps up restructuring

South Africa’s Basil Read mulls rights issue, steps up restructuring

South African construction heavyweight Basil Read, said it plans to raise up to US$23 million  through a rights-issue to boost its restructuring efforts in the wake of a half-year loss. It said a poor performance...
Bamburi net profit drops, cuts dividend payout

Bamburi net profit drops, cuts dividend payout

Largest cement maker in Kenya by share Bamburi has announced it suffered a 36.21 per cent drop in profit to Sh1.85 billion from Sh2.9 billion a year earlier in half-year net profit for the...
Infrastructure to help boost Africa's economic growth

Infrastructure to help boost Africa’s economic growth

A South African minister has said that infrastructure development can play a pivotal role in regional integration,increased inter-regional trade and industrialisation in Africa.This will ultimately boost Africa's economic growth. Dr. Rob Davies the Minister of...
Zambia: Kafue solar power plant begins construction

Zambia: Kafue solar power plant begins construction

Construction of a 54 megawatt (MW) Kafue solar power plant in Zambia has begun in earnest, Sterling and Wilson an Indian firm behind the project has announced. The project will be constructed at a cost...
Foreign capital for new projects in Africa soars

Foreign capital for new projects in Africa soars

South African projects received most foreign capital for new investments in Africa in 2016 with 105 projects securing such funds a new report by Financial Times has shown. In general says the report, foreign capital...
- Advertisement -

LATEST NEWS

MOST POPULAR