Tanga Cement announces net loss amid stiff competition
A major cement maker in Tanzania Tanga Cement has announced a half year net loss and consequently declared no dividend to shareholders, Daily News has reported.
The firm, trading at Dar es Salaam Stock Exchange...
Irish firm CRH joins race to acquire cement maker PPC
Irish building materials company CRH has made a cash bid for cement maker Pretoria Portland Cement (PPC), adding a new twist to the battle for South Africa’s largest cement maker.
PPC has a market value...
Port of Mombasa scoops award for best transit in Africa
The Port of Mombasa has been declared the best transit and supply logistics Port in Eastern and Southern Africa at the African Ports Awards ceremony held in Livingston, Zambia.
In this category the Ports of...
Nigeria signs agreement for Mambilla hydropower Plant
Nigeria has signed an agreement with a consortium of three Chinese companies to construct Mambilla hydropower Plant that upon completion will generate 3,050 megawatts of power.
The firms include China Gezhouba Group Corporation (CGGC), Sinohydro...
Construction of Swazi rail link in advanced stage
Preparations to build Swazi rail link, a major railway line that will connect South Africa and Swaziland are in advanced stages with expression of interest (EoI) for the project set to be released by...
Construction set to start on Zambia’s first wind power plant
The US Trade and Development Agency (USTDA) has approved a $1.05 million grant to Zambia to support a feasibility study for the construction of first wind power plant in the country.
The funding will help...
Kenya’s Kiambu mall postpones opening amid political uncertainty
Kenya's Kiambu Mall will now open its doors to the public in December contrary to plans to open it in August, its developer has announced.
Business Daily reported Monday that the move to push the...
Morocco tests Africa’s first high-speed rail line
Morocco has started testing its railway line that is set to become Africa's first high-speed rail line, the country’s national railway network ONCF has announced.
According to Moroccan engineers working on the railway line, trains...
Renewable energy sources gain traction globally- IEA
The resurgence in oil and gas production from the United States, deep declines in the cost of renewable energy sources and growing electrification are changing the face of the global energy system and upending...
Dangote opens Mfila cement plant in Congo Brazzaville
Africa's richest man Aliko Dangote has opened Mfila cement plant in Congo Brazzaville in what president Denis Sassou Nguesso has called an "industrial revolution within the Economic Community of the Central African States (CEMAC)."
"We...
