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Wednesday, March 20, 2019
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Berbera Port

Port operator DP World introduces first cranes to Berbera Port

DP World Berbera has achieved another milestone for Somaliland, commissioning the first Mobile Harbour Cranes (MHCs) at the Port of Berbera this month. The introduction of the MHCs is a landmark development by DP World...
SA Construction giant Group Five files for bankruptcy

SA Construction giant Group Five files for bankruptcy

The perception that South Africa's construction industry outlook was promising came into sharp focus Tuesday after construction giant Group Five filed for bankruptcy protection on after lenders pulled funding. In a trend that could threaten South...
European Investment Bank boosts Morocco highway infrastructure

European Investment Bank boosts Morocco highway infrastructure

The European Investment Bank (EIB) and the Moroccan Motorway Company, la Société Nationale des Autoroutes du Maroc (ADM), signed Monday in Rabat an €80 million financing agreement meant to upgrade highway infrastructure in an...
Schwenk Namibia Pty Ltd owns a 69.83 per cent stake in Ohorongo Cement

Singapore cement firm seeks to acquire Schwenk Namibia Pty

A singapore cement firm International Cement Group said on Monday that it has entered into a conditional sale and purchase agreement to acquire a 100 per cent stake in Schwenk Namibia Pty Ltd for an...
The recycled plastic road surface being laid in Enfield Image: Enfield Council

South Africa mulls first plastic road in Kouga municipality

A Scottish firm MacRebur in partnership with local civil engineering and construction companies SP Excel and Scribante Construction are planning to construct first plastic road in South Africa, Kouga municipality mayor Horatio Hendricks said Monday. The project is the...
Africa road infrastructure network still wanting experts say

Africa road infrastructure network still wanting experts say

Road network in Africa is still low, years after gaining independence,  Namibian transport minister John Mutorwa has said.  Addressing delegates from about 30 African nations who are members of the African Roads Maintenance Funds Association (Armfa),...
Kenya’s super-rich buy new homes as market softens

How Kenya’s super-rich are investing their money

Kenya’s super-rich are buying more luxury homes in the country, signalling bargain-hunting as prices for trophy houses soften, according to data compiled for The Wealth Report 2019. Some 18% of Kenya’s high-net-worth individuals’ (HNWIs) –...
Real estate joint venture boosts affordable housing in Kenya

Real estate joint venture boosts affordable housing in Kenya

A growth markets investor Actis and one of India’s largest real estate company Shapoorji Pallonji have partnered to launch a new real estate joint-venture platform. The move seeks to meet the demand for affordable housing in the...
Construction risk manager Hill International bags mega contracts in Egypt

Construction risk manager Hill International bags mega contracts in Egypt

Construction risk management firm Hill International has been awarded a contract to provide project management services for the Madinet Nasr for Housing & Development (MNHD) company’s mega mixed-use projects: Taj City and Sarai in...
Davis & Shirtliff steps up expansion drive

Davis & Shirtliff steps up expansion drive

Leading water and energy solutions provider Davis & Shirtliff is further opening new branches across the country to bring services closer to the people, chief executive officer David Gatende has said. The firm has already opened...
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