Latest Business News - Africa

UAE allocates $4bn to support infrastructure sector in Egypt

Infrastructure sector in Egypt has received a shot in the arm after the government of United Arab Emirates  pledged to give the country a $4 billion financial support. According to the  Read More..

Posted on : 02 May,2016


Construction works start on major road in South Africa

The Department of Transport and Public Works has made commendable progress in the rehabilitation of major road in South Africa -Suider Agter Paarl Road between Old Paarl Road (the R101) and the  Read More..

Posted on : 02 May,2016


Construction of 10,000 housing units for defense forces of Tanzania launched

Tanzania has embarked on a housing construction programme that will see 10,000 housing units built specifically for the Defense Forces of Tanzania (TPDF). The aim of the project is to help reduce a  Read More..

Posted on : 02 May,2016


Major road construction project in Rwanda kicks off

Major road construction project in Rwanda has commenced in bid to create an effective means of transport for goods and services for residents. The District Executive Secretary Mr. Raymond Kamanzi  Read More..

Posted on : 02 May,2016


China partners with Tanzania to construct 2,561 km railway line

China has agreed to partner with Tanzania in the construction of a 2,561 km railway line at standard gauge level whose tenders are expected to be floated soon. The announcement was confirmed by  Read More..

Posted on : 02 May,2016


Dubai firm to build Kenya's tallest tower in Nairobi

A Dubai developer plans to build a Sh5.5 billion skyscraper in Nairobi, which will comfortably exceed the height of UAP Tower – currently Kenya’s tallest building. Abcon International  Read More..

Posted on : 02 May,2016


US and European hardwood lumber producers eyes Middle East and North Africa expansion

European and US woodwood companies are looking into the Middle East to maximise sales of their products across the Middle East and North Africa (MENA) market. The announcement was made on the  Read More..

Posted on : 06 Apr,2016


Off Grid Electric lights a safer path for Tanzanians

You could call it a lightbulb moment. Erica Mackey had relocated from the US after graduating from the University of California, Los Angeles with a degree in ecology and evolutionary biology, to work  Read More..

Posted on : 06 Apr,2016


Government launches multimillion power lighting project in Eldoret

The county government of Uasin Gishu in collaboration with the Kenya Power Company has embarked on a joint venture to light all the streets in Eldoret and other towns in the county. The Cabinet  Read More..

Posted on : 06 Apr,2016


Implementation of Uganda phosphate, steel venture set to start next month

China’s Guangzhou DongSong Energy Group plans to start implementation of its multifaceted Sukulu phosphate and steel project, in Uganda, next month, after securing $240-million in funding,  Read More..

Posted on : 06 Apr,2016


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