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Monday, April 22, 2019
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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...
Egyptian construction firms enter Rwandan market

Egyptian construction firms enter Rwandan market

Nine Egyptian construction firms have kicked off operations in Rwanda to serve booming construction industry in the country. Operating under the Rwanda-Egypt Trading Association, greater interest will however be in the housing sector. The firms are...
Group Five says climb back to profitability a challenge

Group Five says climb back to profitability a challenge

South Africa's construction giant Group Five has acknowledged that it would be an uphill task to steer the firm back to profitability. CEO Themba Mosai however told CCE News that the goal is attainable. Group...
Helios partners with Acorn to build Sh7bn hostels in Nairobi

Helios partners with Acorn to build Sh7bn hostels in Nairobi

Kenyan property  firm Acorn Group and London-based private equity fund Helios have signed a Sh7.4 billion deal to construct 3,800 hostels in Nairobi aimed at tackling students housing problem in the country. The project will...
Construction set to start on Zambia’s first wind power plant

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...
African cities face major housing challenge-report

African cities face major housing challenge-report

Housing challenge in Africa continues to be a never ending nightmare thanks to  sprawling urban centres due to rapid population growth, a recent report has shown. The report that was presented at the FSD Capital...
Kenya moves to bridge construction skills gap

Kenya moves to bridge construction skills gap

In a bid to tackle construction skills gap in Kenya, the country plans to implement a comprehensive training manual to boost competence of professionals. An official from the National Construction Authority (NCA) said that Kenya...
Tanzania's Tanga Port prepares for increased activity

Tanzania’s Tanga Port prepares for increased activity

In Tanzania, Tanga port is expected to witness increased activity thanks to planned implementation of various construction projects such as industries and Hoima-Tanga crude oil pipeline. Speaking at Tanga Business Forum organised by Tanzania Standard...
Hotel sector in Ethiopia to continue expanding-PwC report

Hotel sector in Ethiopia to continue expanding

Addis Ababa will continue to grow as a regional business hub, supporting expansion of hotel sector in Ethiopia, a report from global accounting firm PricewaterhouseCoopers LLP (PwC) has shown. In a report titled “Opportunities Abound...
Work on Zambia's Kazungula Bridge in good shape

Work on Zambia’s Kazungula Bridge in good shape

Construction work on the Kazungula Bridge connecting Zambia and Botswana is ongoing and is at 35% complete, a consultant with Daewoo Engineering Company the firm behind the project has said. Mr Joseph Nyirenda assured said...
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