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South African construction group Aveng ends talks to sell steel arm

South African construction group Aveng ends talks to sell steel arm

South African construction group Aveng has ended talks to sell its steel arm , Chief Executive Kobus Verster has confirmed. The CEO cited failure to reach agreement on price as the main reason. Consequently,Mr Verster said...
Avic plans complex to house NCA, road institutions in Kenya

Avic plans complex to house NCA, road institutions in Kenya

Kenya plans to construct a mega complex in Nairobi that will house Kenya’s road institutions and the National Construction Authority(NCA). China’s firm, Avic has already won the project’s tender. The firm won the tender through...
Kenya launches Isiolo international airport in northeast region

Kenya launches Isiolo international airport in northeast region

Isiolo International airport is part of the Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor project
Tanzania mulls dry port to serve East Africa, Great Lakes region

Tanzania mulls dry port to serve East Africa, Great Lakes region

Tanzania plans to construct a dry port in the western part of the country to serve East Africa and the Great Lakes region the country's ports authority has said. An official from Tanzania Ports Authority...
Kenya unveils the highest voltage transmission line in East Africa

Kenya unveils highest voltage transmission line in East Africa

Kenya has unveiled the highest voltage transmission line in East Africa that would help in picking cheaper geothermal energy from power stations to feed Nairobi and neighbouring towns, the country’s electricity transmission company has...
Kenya's property prices decrease slightly due to oversupply

Kenya’s property prices decrease slightly due to oversupply

Kenya's property prices have experienced a 3.1 percent decrease in the second quarter as a result of oversupply, a report released on Wednesday reveals. According to the Hass Property Index, the real estate sector has...
Acacia Mining slapped with huge tax bill as shares tumble

Acacia Mining slapped with huge tax bill as shares tumble

Gold miner Acacia Mining says it has received a tax bill that is four times the GDP of Tanzania where it operates, affecting its performance in the stock market. Acacia Mining’s shares fell for a...
Botswana Coal mine construction stalls over compensation issues

Botswana coal mine construction stalls over compensation issues

A compensation dispute is causing delays to the construction of a coal mine in Botswana a statement from Morupule Coal Mine the developer of the project has said. The Botswana coal mine project has...
Morocco commits US$2.25m to Ferwafa Hotel construction

Morocco boosts FERWAFA Hotel construction

The Federation Royal Marocaine de Football (FRMF) has committed their annual FIFA Forward Fund worth USD 2,250,000m (Rwf. 1.86b) to Rwanda Football Federation to finance the completion of the FERWAFA Hotel. The development was confirmed...
Construction of tallest tower in Africa launched in Morocco

Construction of tallest tower in Africa launched in Morocco

The contract for the construction of the tallest tower in Africa has been launched in Morocco Othman Benjelloun, head of BMCE Bank of Africa who chaired the signing ceremony held in the capital Casablanca...
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