Latest Business News - Africa

Chinese firm to conduct feasibility studies for SGR expansion in Kenya

 Kenya has allowed a Chinese firm to conduct feasibility studies with a view to expand the Standard Gauge Railway(SGR) to Jomo Kenyatta International Airport and the city Centre via  Read More..

Posted on : 03 Jul,2017


Tanzania to build a hydro-electric power plant in heritage site

 Plans are underway to build the long-delayed 2 100 MW hydroelectric plant in a World Heritage site Tanzania famous for its animal populations and variety of wildlife habitats despite strong  Read More..

Posted on : 03 Jul,2017


Construction of US$ 22m Phalombe district hospital starts in Malawi

 The construction of US$ 22m Phalombe district hospital has just started in Malawi after President Peter Mutharika laying a foundation stone commissioning construction works.   Minister  Read More..

Posted on : 03 Jul,2017


Construction begins on US$ 6m ICT innovation centre in Rwanda

 Construction works has begun on an ICT innovation centre in Rwanda that costs a whopping US$ 6m. The launch took place at Integrated Polytechnic Regional Centre (IPRC)-Kigali.   The US$  Read More..

Posted on : 03 Jul,2017


South Africa property market affected by ongoing recession

 South Africa’s property market  has been on a steady decline for some years now. Property economists in the country have attributed this to the ongoing recession.   According  Read More..

Posted on : 03 Jul,2017


Mixta Real Estate Plc boosts affordable housing in Nigeria

 Lagos’ Mixta Real Estate Plc has set aside $16m bond to refinance existing debts and affordable housing projects.   The firm commenced operations in February 2006 as a real estate  Read More..

Posted on : 29 Jun,2017


How Rwanda and Africa can attract more FDIs, spur growth

 Emerging markets like Rwanda should become more innovative and embrace digitisation as one of the ways to open up and integrating their markets besides supporting investors to adapt to an  Read More..

Posted on : 29 Jun,2017


Rail transport crucial for intra-African trade growth

 A rail system, when combined with all forms of transportation, could play a strategic role in intra-African trade growth, by the virtue of it being more efficient as well as effective, safer  Read More..

Posted on : 28 Jun,2017


Russian truck manufacturer Kamaz to construct assembly plant in Senegal

 A US$ 56m assembly plant is set to be constructed in Senegal by a Russian truck manufacturer-Kamaz; this is according to Chief Executive Officer Sergei Kogogin.   Currently  Read More..

Posted on : 28 Jun,2017


South African construction giant buys into Byrne Group

 £2bn turnover Wilson Bayly Holmes-Ovcon is understood to have taken a significant minority stake of more than 20% in Byrne Group, which in 2015 and 2016 was weighed down by losses at its  Read More..

Posted on : 27 Jun,2017


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