Latest Business News - Africa

Ethiopia signs $456m deals to develop road links with neighbours

The Government of Ethiopia has recently awarded 8 contracts which is worth $456m to construct road links with Sudan, Kenya, Eritrea and Somalia. Among the routes prearranged is a northern link  Read More..

Posted on : 25 Mar,2021


InfraCo Africa elevates housing for students in Kenya

InfraCo Africa, a pivotal part of the Private Infrastructure Development Group (PIDG), has recently subscribed to the Acorn Holdings Ltd (Acorn) Real Estate Investment Trust (REIT) promising to  Read More..

Posted on : 25 Mar,2021


Kenya's NMS is in full swing upgrading Nairobi County Highways

Nairobi Metropolitan Services (NMS) in Kenya is in the midst of upgrading Nairobi county highways, with an emphasis on the Industrial Area now. By launching the tendering process, the NMS has already  Read More..

Posted on : 04 Mar,2021


The largest power plant in the world

 New Administrative Capital (NAC’s) electrical power plant is the largest of its kind in the world. According to Egypt’s Minister of Electricity and Renewable Energy Mohamed Shaker  Read More..

Posted on : 22 Feb,2021


Mombasa International Moi Airport refurbishment has begun

Interrupted by the Coronavirus outbreak last year, the delayed refurbishment of Kenya's Moi International Airport in Mombasa has finally begun, with authorities preparing to complete by the end of  Read More..

Posted on : 16 Feb,2021


World Bank to provide USD 750 million in funding to boost Kenya's infrastructure

The World Bank has agreed to provide a USD 750 million loan to the International Development Association (IDA) to finance the upgrading of road and other connectivity infrastructure in  Read More..

Posted on : 15 Feb,2021


VINCI JV signs an agreement for a EUR 1.3 billion motorway project in Kenya

A joint venture between VINCI Highways Unit Rift Valley Highway, VINCI Concessions and Meridiam SAS has signed an agreement for the construction of approximately €1.3 billion of the  Read More..

Posted on : 24 Dec,2020


The construction Projects of East Africa is set to increase

Numerous studies of East Africa as an investment destination have discussed some of the main components of the 287 major public and private sector development projects in the region that are being  Read More..

Posted on : 24 Dec,2020


Tanzania's building and construction sector looking at a massive rise in investments

TANZANIA is seeing an unprecedented growth in construction sector in recent years, mushrooming all over the map are new houses, multi-storey buildings, roads and bridges, and this trend has  Read More..

Posted on : 20 Oct,2020


Kenya starts construction of the Kirinyaga County Wang'uru Stadium

The Government of Kenya, through the Ministry of Sports Culture & Heritage of Kenya (Sports Kenya), has begun construction of the nearly USD 2.8 million Wang'uru Stadium in Mwea, Kirinyaga  Read More..

Posted on : 07 Oct,2020


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