Latest Business News - Africa

Lake Victoria Basin Project Receives Sh355 Million for Phase II Constructions

The East African Community (EAC) has set aside Sh355 million to wrap up the Lake Victoria Basin Commission (LVBC) headquarters in Kisumu.   Dr Masinde Bwire, Executive Secretary (ES) of the  Read More..

Posted on : 01 Aug,2023


Zanzibar Signs a USD 428 Million Agreement to Expand Pemba Airport

The Revolutionary Government of Zanzibar (SMZ) and UK Export Financing (UKEF) signed a USD 428 million agreements to expand Pemba Airport. These agreements also include the construction of several  Read More..

Posted on : 28 Jun,2023


Tanzania government plans to construct 2000 kilometres of roads in 2023

Tanzania is planning to build around 2000 kilometres of roads by 2023. Prof. Makame Mbarawa, Minister of Works and Transport, made the announcement. In June 2023, the project contracts will be  Read More..

Posted on : 06 Jun,2023


Project to Build a Dual Carriageway on Kiambu Road in Kenya

According to the Ministry of Roads and Transport, preparations are moving forward for the project to widen the Kiambu Road in Kenya.   According to reports, Kenya Urban Roads Authority (KURA)  Read More..

Posted on : 27 Apr,2023


Kasanga port in Tanzania to expand capacity

The 54,000 t/yr port of Kasanga on Lake Tanganyika in the Rukwa Region will have its capacity increased, according to plans by Tanzania Ports Authority (TPA). Through its terminal at the port, Mbeya  Read More..

Posted on : 03 Apr,2023


The Old Mombasa Road will be upgraded to meet the requirements of the Nairobi Expressway.

According to a recent statement from the Kenya National Highways Authority, the old Mombasa Road will be upgraded to Nairobi Expressway specifications as part of the Sh24.8 billion project, which  Read More..

Posted on : 03 Mar,2023


Tanzania would be one of the top economies in 2023

Arusha. Tanzania is one of a few African countries whose economy are expected to perform well this year. Over 5.5 percent growth is predicted for the continent's top five economies in  Read More..

Posted on : 01 Feb,2023


Project Timeline and Information for the Tanzania Standard Gauge Railway (SGR)

Two Chinese businesses who recently obtained a contract with the government to develop Tanzania's SGR final phase will build the Tabora to Kigoma section of the project. By 2027, it will reduce the  Read More..

Posted on : 29 Dec,2022


Tanzania exceeds expectations, according to the global innovation index

In the lower-middle income group, TANZANIA has outperformed expectations, according to the most recent Global Innovation Index (GII) 2022. Tanzania received 19.4 points out of a total of 100 in the  Read More..

Posted on : 29 Dec,2022


AIIF4 invested USD 34 million and supports Kenyan Road Annuity Programme

 Kenya's Road Annuity Programme will receive a USD 34 million investment from AIIM, Africa's largest dedicated infrastructure private equity investor, via its pan-African AIIF4 Fund. From  Read More..

Posted on : 02 Dec,2022


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