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Exxon to invest in Africa’s biggest LNG project in Mozambique

Exxon to invest in Africa’s biggest LNG project in Mozambique

Mozambique’s government said Exxon Mobil will sign off on a final investment decision for a Liquefied Natural Gas (LNG) project that could cost as much as $33 billion (Dh119bn) to build — the biggest...
Nairobi Expressway ready for Construction

Nairobi Expressway ready for Construction

The Nairobi Expressway is ready for construction with all hurdles on existing infrastructure having been dealt with. Transport Principal Secretary Paul Maringa has assured that the 27-kilometer expressway will not interfere with Uhuru Park. Motorists using...
Africa Coal Partners to acquire stake in Mbuyelo Coal Proprietary

Expert justifies the use of coal in South Africa and emerging countries

A conference looking at the future of coal in South Africa has heard that coal could still be needed in emerging countries. Mpumelelo Mkhabela chairman of mining investment company Menar observed that South Africa needed to consider...
Komatsu first half N.A. sales flat

Komatsu first half N.A. sales flat

Komatsu Ltd. sales for the first half of its fiscal year fell 7.9 percent compared to the same period last year, to 1.2 trillion yen (about $11 billion). The construction, mining, and utility equipment side of...
Nigeria's Ibadan-Kano railway construction project gets green light

Nigeria’s Ibadan-Kano railway construction project gets green light

 Construction for the Ibadan to Kano standard gauge rail line project has been approved by the Federal Government of Nigeria worth in the region of $5.3 billion (N1.62 trillion). On the third Maritime Stakeholders interactive...
Residents in Zambia oppose construction of a resort in game park

Residents in Zambia oppose construction of a resort in game park

Several residents of Livingstone are today expected to oppose plans by Mukuba Property Development Company to develop the Mosi-oa-Tunya Livingstone Resort that will comprise two hotels, a 600-seater conference centre and a Golf Course...
East African countries turn to road tolls to raise funds

East African countries turn to road tolls to raise funds

The governments of East African nations – Kenya, Tanzania and Uganda are now looking to road tolls to raise money for the financing of public infrastructure projects. Kenya has earmarked five highways for tolling. These...
Europe bolsters Kenya's solar PV projects

Europe bolsters Kenya’s solar PV projects

Financial close reached for Radiant and Eldosol solar projects EIB and FMO confirm support for 80 MW clean power generation Clean energy to support more than 300,000 households The European Investment Bank and FMO,...
Hilton constructs its 100th hotel in Africa

Hilton constructs its 100th hotel in Africa

Hilton Hotel says it is construction its hundredth hotel in Sandton, the financial capital of South Africa located in Johannesburg Municipality coinciding with the hotelier's centenary. Hilton Sandton Grayston will be a mid-market property close to Hilton’s...
Stimulus needed for South Africa’s construction industry

Stimulus needed for South Africa’s construction industry-report

A surge in demand from the mining segment has been responsible for significant equipment sales in South Africa over the last two years. However, the construction industry has been weak and increased investment is...
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