Latest Business News - Africa

US$70m upgrade to be done at MOI international Airport

The government of Kenya has decided to fund the Moi International Airport upgrade project in Mombasa costing US $70m, in bid to improve the airport’s safety and efficiency. During the  Read More..

Posted on : 07 Dec,2018


Accra SkyTrain project contract of US $3bn signed by Ghana

The government of Ghana along with South African firm Africa Investment (AI) have signed a Memorandum of Understanding (MoU), to construct the Accra Sky Train project at a whopping cost of US  Read More..

Posted on : 04 Dec,2018


KONE Primed To Gear Up Global Trade Centre In Nairobi, Kenya

A global leader in the elevator and escalator industry,KONE Corporation, has won an order to provide elevators for the Global Trade Center in Nairobi which has been envisioned as a high-rise building  Read More..

Posted on : 23 Nov,2018


Ethiopia construction industry bullish on growth

East Africa is witnessing a construction boom. Not falling behind its neighbours Kenya, Tanzania and Rwanda, infrastructure development and housing projects generously cover the landscape of modern  Read More..

Posted on : 10 Nov,2018


Tanzanian economy expected to grow rapidly in 2018-19

President John Magufuli's government has pledged to increase public investment in infrastructure projects, including a standard gauge railway, new roads, power plants and expansion of port  Read More..

Posted on : 25 Oct,2018


Construction of Ethiopia’s Berbera Port set to kick start this October

Construction works for the Berbera Port in Ethiopia has been rescheduled to kick start this October following a multi billion dollar agreement, signed between Somaliland president Musa Behi Abdi and  Read More..

Posted on : 12 Oct,2018


East Africa infrastructure construction to grow sharply over next 5 years

East Africa infrastructure construction is expected to grow sharply over the next 5years with Ethiopia, Kenya and Tanzania, expected to invest US $98.8bn in 2022, from US $25.9bn in 2017 according to  Read More..

Posted on : 12 Oct,2018


Tanzania open for investments, aims for an industry driven economy

President John Magufuli has told sources that industrialisation is the main agenda for the government, stating very categorically that the fifth phase administration focuses on building an industry-  Read More..

Posted on : 09 Oct,2018


Hyundai East Africa Ltd. building a better future for Tanzania with Buildexpo Africa

 In November 2018, Hyundai East Africa Ltd., is participating at Buildexpo Africa– Tanzania to promote the state of the art Excavator R220LC-9S. As a Prime Platinum Exhibitor at the  Read More..

Posted on : 22 Sep,2018


7100 tonnes of rails imported from Japan for building the SGR

Maizo Mgedzi, the SGR project manager informed local media persons following this story that plans were underway to allow clearance of the rails that have been imported from Japan. A ship carrying  Read More..

Posted on : 21 Sep,2018


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