Latest Business News - Africa

Affordable homes budget doubles to Sh8bn in Uhuru’s last year in office

 Budget estimates tabled in Parliament show that Sh8 billion has been allocated for the affordable units in the year starting July.   Treasury has doubled the allocation for construction  Read More..

Posted on : 11 Jul,2021


Construction of East Africa’s largest wastewater treatment plant almost complete

 The Government of Uganda through the National Water and Sewerage Corporation (NWSC) is putting final touches to East Africa’s largest wastewater treatment plant. The Bugolobi-Nakivubo  Read More..

Posted on : 11 Jul,2021


Tanzania President Samia Suluhu visits Kenya in bid to improve relations

Tanzania President Samia Suluhu says her visit to Kenya on May 4th is aimed at cementing the historical friendship and brotherhood that exists between the people of the two  Read More..

Posted on : 11 Jul,2021


Major projects in Tanzania all set to boost the economy by 2025

Eastern Africa countries have amplified investment in infrastructure projects in the past 5 years with Tanzania leading in terms of the value and number of projects that broke ground by June last  Read More..

Posted on : 11 Jul,2021


Construction of US $42m new Makupa Bridge in Mombasa, Kenya begins

 The Kenya National Highways Authority (Kenha) has begun construction of the US $42.1m new Makupa bridge in Mombasa. The 457m long bridge will replace the historic Makupa causeway that links  Read More..

Posted on : 11 Jul,2021


Long-stalled US $30bn LNG project in Lindi Tanzania to be revived

The newly sworn-in Tanzania President Samia Suluhu Hassan is set to revive the long-stalled US $30bn liquefied natural gas LNG project in Lindi Tanzania. The project was sidelined under the  Read More..

Posted on : 11 Jul,2021


The African Development Bank spends €345 million in road construction in Kenya and Tanzania.

The African Development Bank's (AfDB) board of directors in Abidjan approved €345 million in funding for road construction support for Tanzania and Kenya.   The African Development Bank  Read More..

Posted on : 11 Jul,2021


Ethiopia signs $456m deals to develop road links with neighbours

The Government of Ethiopia has recently awarded 8 contracts which is worth $456m to construct road links with Sudan, Kenya, Eritrea and Somalia. Among the routes prearranged is a northern link  Read More..

Posted on : 25 Mar,2021


InfraCo Africa elevates housing for students in Kenya

InfraCo Africa, a pivotal part of the Private Infrastructure Development Group (PIDG), has recently subscribed to the Acorn Holdings Ltd (Acorn) Real Estate Investment Trust (REIT) promising to  Read More..

Posted on : 25 Mar,2021


Kenya's NMS is in full swing upgrading Nairobi County Highways

Nairobi Metropolitan Services (NMS) in Kenya is in the midst of upgrading Nairobi county highways, with an emphasis on the Industrial Area now. By launching the tendering process, the NMS has already  Read More..

Posted on : 04 Mar,2021


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