Latest Business News - Africa

Tanzania: Vice-President Opens Mpanda Airport

Mpanda - VICE-PRESIDENT, Dr Mohamed Gharib Bilal officially opened the newly refurbished Mpanda airport. The vice-president expressed his delight at the beauty of the newly rehabilitated  Read More..

Posted on : 30 Nov,-0001


Yanga, Chinese Firm Sign Stadium Construction Deal

MAINLAND soccer giants, Yanga, have signed an initial agreement with Chinese firm, Beijing Construction Engineering Group, for the construction of the former's Kaunda Stadium.   The agreement  Read More..

Posted on : 30 Nov,-0001


Nigeria: Gombe Govt Awards N30 Billion Road Contract

Gombe State Government awarded contract for the construction of 52 roads at a cost of N30 billion in almost two years, Commissioner of Works and Infrastructure, Alhaji Shehu Hadi said  Read More..

Posted on : 30 Nov,-0001


Tanzania: Mwanza Plans Ultra Modern Shopping Mall

THE construction of ultramodern shopping mall complex has taken off in Mwanza city.   The project manager Engineer Koyoya Fuko said here that the work began on Monday, this week and it is a  Read More..

Posted on : 30 Nov,-0001


Eritrea: Dam in Adi-Teklai Reconstructed At 3.4 Million Nakfa

Asmara - The dam in Adi-Teklai area, Central region, has been upgraded to triple capacity at an expenditure of 3.4 million Nakfa. Reports further disclosed that the 2Km-long dirt road has also been  Read More..

Posted on : 30 Nov,-0001


Nigeria: Federal Government Approves 30 Years Infrastructure Plan

The Federal Government has approved framework for development of a national integrated infrastructure master plan.   Information Minister Labaran Maku yesterday told State House correspondents  Read More..

Posted on : 30 Nov,-0001


Kenya: GE to Construct Wind Power Plant

Nairobi - Global infrastructure development giant General Electric Company (GE) last week announced a grand plan of investing some $100 million towards power generation in Kenya over the next one  Read More..

Posted on : 30 Nov,-0001


Uganda: Redevelopment of Nakawa Estate Starts

The Government will on December 10, hand over the land on which Naguru and Nakawa housing estates stood to the contractor for redevelopment into a satellite city. The acting permanent secretary in  Read More..

Posted on : 30 Nov,-0001


African Development Bank funds road infrastructure in Tanzania

The African Development Bank (AfDB) has decided to increase funding for the East African Road Network in Tanzania by $100 million (160 billion shillings) in the 2012-2013 fiscal year in an effort to  Read More..

Posted on : 30 Nov,-0001


Zimbabwe: Mining to Boost Economic Growth

THE mining sector, which is expected to grow by 17 percent next year, will anchor the projected five percent economic growth for 2013. According to Finance Minister Tendai Biti the higher production  Read More..

Posted on : 30 Nov,-0001


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