Latest Business News - Africa

South African Defense Company to modernize its production facilities

 South African Defense Company- Rheinmetall Denel Munition (RDM) is set to invest US$ 42m in modernizing its production facilities. The firm intends to introduce state-of-the-art processes to  Read More..

Posted on : 07 Sep,2017


DHL unveils Green Facility in South Africa

 International express services provider, DHL Express has launched its first green facility in sub-Saharan Africa.   The green facility is in Bryanston, North of Johannesburg.  It  Read More..

Posted on : 07 Sep,2017


Ultramodern cement factory commissioned in Nigeria

 BUA Group recently commissioned an ultramodern cement factory in Okpella, Edo state, Nigeria. Vice President Yemi Osinbajo did the ground breaking of the mega plant.   The US$ 1bn Obu  Read More..

Posted on : 07 Sep,2017


Construction of Ethiopias Rib Dam complete

 The construction of Ethiopia’s Rib Dam is finally complete. The US$160m dam, which had faced a 5-year delay has a 234 million cubic meters in water conservation ability.The Ethiopian  Read More..

Posted on : 07 Sep,2017


Kigali to Enjoy Uninterrupted Electricity Supply in 5 years

 New ambitious targets set by the Rwanda Energy Group (REG) could end electricity supply woes for Kigali residents. People will be able to enjoy uninterrupted power supply in the next  Read More..

Posted on : 07 Sep,2017


Property developers in Kenya experience warehouse construction boom

 Property developers in Kenya are currently experiencing a warehouse construction boom. This is due to the increase of demand for prime logistics and storage space.   The demand for  Read More..

Posted on : 07 Sep,2017


AfDB seeks to fund construction of coal power plant in Kenya

 The African Development Bank (AfDB) intends to fund the construction of a coal power plant in Kenya. They are however awaiting the environmental and social audits before releasing the  Read More..

Posted on : 05 Sep,2017


Tendering process opened for construction of Rufiji Hydro power project

 The tendering process of the Rufiji Hydro power in Tanzania is now open to the public; this is according to the Ministry of Energy and Minerals (MEM).   The hydro power  Read More..

Posted on : 05 Sep,2017


Kigali Heights Development wins Africa Property award

 Modern commercial complex-Kigali Heights has won the Africa Property of the Year award; this is according to a statement from the Africa Property Investment (API) Summit & Expo  Read More..

Posted on : 05 Sep,2017


Nigeria intends to connect all seaports, airports and inland container depots by rail

 The Federal Government of Nigeria intends to connect all seaports, airports and inland container depots by rail.   According to Sabiu Zakari, the Permanent Secretary, Federal Ministry of  Read More..

Posted on : 05 Sep,2017


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