Latest Business News - Africa

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

Black Rock Mining to develop new Tanzania graphite mine within 12 - 24 months

Australia’s Black Rock Mining expects to develop a low cost, long life US$57 million graphite mine within the next 12 to 24 months. The mine's graphite product will be aimed at key high  Read More..

Posted on : 06 Apr,2016

Kenya's regulations to boost mining inch closer

Kenya could get new mining laws in 90 days, following last week’s Cabinet approval of two mining and mineral policies. Speaking at a media briefing yesterday, Mining Cabinet Secretary Dan  Read More..

Posted on : 06 Apr,2016

Saudi Arabia boosts infrastructure construction in Egypt

Construction of infrastructure in Egypt has received a shot in the arm after the country announced it had secured  a USD $1.5 billion grant from Saudi Arabia. The country offered Egypt $1.5  Read More..

Posted on : 04 Apr,2016

International aviation body wants airports in Nigeria fenced

The International Civil Aviation Organization (ICAO) has urged the Federal Government of Nigeria to fence  airports in Nigeria  to ensure safety and check influx of unauthorized persons  Read More..

Posted on : 04 Apr,2016

Berths 13, 14 Construction Kicks Off Next Year

Tanzania Ports Authority (TPA) has finally secured funds for construction of berths 13 and 14 which were on drawing board for almost five years. The fund, 690 million US dollar, put together by  Read More..

Posted on : 04 Apr,2016

Botswana-Zambia bridge construction project on track officials say

The proposed construction of  the Botswana-Zambia bridge is in good progress officials have  announced. The Kazungula Bridge is on the border between Botswana and  Read More..

Posted on : 04 Apr,2016

US developer to construct 60,000 capacity stadium in Tema, Ghana

The Tema Metropolitan Assembly in Ghana, supported by the Ghana national government, has reached a partnership agreement with US-based firm, Transatlantic BDR, to construct a 60,000 capacity stadium  Read More..

Posted on : 04 Apr,2016

AfDB approves US$228 million for rehabilitation of strategic Kenya-Tanzania link road

The African Development Bank (AfDB) has approved a US $228 million loan to the Government of Kenya to rehabilitate the 172-kilometre road linking the town of Isebania on the border of Tanzania with  Read More..

Posted on : 04 Apr,2016

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