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Thursday, February 21, 2019
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Kenya Ports Authority gets diesel electric cranes

Kenya Ports Authority gets diesel electric cranes

Kenya Ports Authority says it has offloaded two ultra-modern diesel electric cranes at the port of Mombasa to boost efficiency. While the mobile Harbor Cranes currently used at the Port handle one vessel at a...
Tanzania's Heidelbergcement posts 45.6% drop in profit

Tanzania’s Heidelbergcement posts 45.6% drop in profit

Tanzania Portland Cement Company(TPCC) says its first-half profit has dropped attributing it to an output glut forcing down cement prices.The firm is majority owned by Germany’s Heidelbergcement. It announced Thursday that it posted a 45.6...
Nigeria commissions Bua Cement factory

Nigeria commissions Bua Cement factory

Nigeria has commissioned a multi-million dollar cement factory that it says will help the country not only to be self reliant in terms of cement production but boost exports as well. The Bua Cement...
Tanzania invites bids for power project on Selous game reserve

Tanzania invites bids for power project on Selous game reserve

Tanzania has finally invited bids to construct a huge hydroelectric dam in one of Africa’s largest wild areas-the Selous game reserve regarded as a world heritage site. The move to go ahead with construction of...
Garden City is best green building in sub Saharan Africa

Garden City is best green building in sub Saharan Africa

Kenya's Garden City mall has scooped a major accolade for being the best green building in sub Saharan Africa, a statement from the Africa Property Investment Summit and Expo 2017 has said. The development was...
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...
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