Latest Business News - Africa

Japan to provide US$6b for energy initiatives in Africa

 Japan has announced that it had agreed with the African Development Bank (AfDB) to launch an initiative to financially support energy-related infrastructure projects in Africa as part of its  Read More..

Posted on : 06 Jul,2017


Ethiopia procures elevators for middle-class condominium houses

 The Addis Ababa Savings & Houses Development Enterprise (AASHDE) is procuring 338 elevators for middle-class condominium houses that are currently under construction. The procurement is  Read More..

Posted on : 06 Jul,2017


KURA inks US$19.1m deal for Ngong Road expansion

 The Kenyan Urban Roads Authority (KURA) has signed a Sh1.98 billion contract with the China Qinjian International Group for the Ngong Road dualization.   The contract entails the  Read More..

Posted on : 06 Jul,2017


Italian firm wins Konza city roads and sewerage tender

 Italian firm Impresa Costruzioni Giuseppe Maltauro (ICM) has won the Konza city roads and sewerage tender; this is Kenya’s first smart city.   The company was selected as the  Read More..

Posted on : 06 Jul,2017


City of Cape Town implements stricter water restrictions

 The City of Cape Town has implemented stricter water restrictions to its citizens as dam levels continue to be critically low as a result of the drought.   In a statement released by the  Read More..

Posted on : 05 Jul,2017


Tanzania:World Bank approves expansion of a port in Dar es Salaam

 The World Bank has recently approved the US$ 345m loan meant for the expansion of a port in Dar es Salaam, Tanzania.   Richard Martin Humphreys, the World Bank’s lead transport  Read More..

Posted on : 05 Jul,2017


South Africa Bridge City affordable housing vision becomes reality

 Bridge City project is a joint venture between Tongaat Hulett and eThekwini Municipality, has 356 affordable housing units to be offered from as little as $37,924, the residential units are  Read More..

Posted on : 05 Jul,2017


Tanzania launches new agency to improve rural roads

 Tanzanian Prime Minister Kassim Majaliwa has launched the Tanzania Rural-Urban Road Agency (Tarura), which will be used to address rural road challenges. He gave the directive while at The  Read More..

Posted on : 05 Jul,2017


East Africa Breweries Ltd to construct a US$ 145m brewery in Kisumu

 East Africa Breweries Limited (EABL) is set to construct a US$ 145m state-of-the-art brewery in Kisumu, Kenya for its Senator Keg; this was announced by President Uhuru Kenyatta during the  Read More..

Posted on : 05 Jul,2017


LafargeHolcim targets 25m people in affordable housing scheme

 LafargeHolcim is targeting to make 25m people beneficiaries of its affordable housing scheme globally by 2020 with Nigeria representing a significant figure.   This is according to  Read More..

Posted on : 05 Jul,2017


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