Latest Business News - Africa

Boasting an impressive 250m and 55 floors, Africa’s highest tower will be built over 3 years

 On July 20, Othman Benjelloun, President of the Groupe BMCE Bank of Africa, signed a contract for the construction of Africa’s tallest tower, with Chinese group China Railway Construction  Read More..

Posted on : 25 Jul,2017


China Belt and Road opens up new business in Africa for both the U.S. and China

 There has been no shortage of headlines proclaiming China’s growing clout in a “new world order” in recent months. This speculation resurfaced after the July G-20 summit, at  Read More..

Posted on : 25 Jul,2017


South Africa: Public Works On Completion of Mandela Legacy Renovation Project At Ndabayakhe Primary School

 The internal refurbishment of Ndabayakhe Primary School near Empangeni in rural KwaZulu-Natal formally launched by one of its former pupils now Public Works Minister, Nathi Nhleko on Mandela  Read More..

Posted on : 25 Jul,2017


Stakeholders in Nigeria advocate value-chain financing for affordable housing

 To bridge the demand-supply gap in affordable housing in the country, stakeholders in the construction and financing sectors in Nigeria have advocated value-chain funding for housing projects  Read More..

Posted on : 22 Jul,2017


Refinancing of Bugoye hydro-electric power plant to take US$29.3 million

 The Dutch development bank and the Emerging Africa Infrastructure Fund (EAIF) and FMO, are jointly going to refinance the 13-MW Bugoye hydro-electric power plant in Western Uganda to the tune  Read More..

Posted on : 22 Jul,2017


Morocco secures US $25 million loan for hybrid solar project

 The Climate Investment Funds’ Clean Technology Fund (CIF CTF) has approved a US $25 million loan for Morocco for a project to generate solar power through an innovative hybrid Solar Power  Read More..

Posted on : 22 Jul,2017


Kenyas newly constructed Isiolo International Airport ready for use

 Upgrading works on the Isiolo International Airport has completed and operation is expected to commence fully in the next four weeks.   The US$16.4m project was launched by the Retired  Read More..

Posted on : 21 Jul,2017


Growthpoint Properties starts construction of new head office in SA

 South Africa’s real estate investment trust Growthpoint Properties has commenced on the construction of the new head office for Exxaro Resources.   The new head office will act as  Read More..

Posted on : 21 Jul,2017


Construction of Changamwe-Mariakani dual carriageway project launched

 President Uhuru Kenyatta has commissioned the construction of the long-awaited 11.3km Changamwe-Mariakani dual carriageway meant to ease congestion on the busy Mombasa-Nairobi  Read More..

Posted on : 21 Jul,2017


Malawi seeks to add18MW to its power production capacity

 Malawi’s electricity generation company EGENCO, earlier this week signed a multimillion dolar deal with Japan’s Mitsubishi Corporation aimed at increasing its power production  Read More..

Posted on : 21 Jul,2017


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