Latest Business News - Africa

Kenya: Industrial Park Planned for Nakuru County

Nakuru governor Kinuthia Mbugua has an- nounced an ambitious plan to build a multi-million industrial park in the county. Mbugua said money has already been set aside for the project in which,  Read More..

Posted on : 30 Nov,-0001


Nigeria to Construct U.S.$1.2 Billion Fertilizer Plant

Nigeria is set to make history as plans have been concluded for the foundation laying ceremony of the $1.2 billion world largest gas-to-urea fertilizer plant project. The promoters of the  Read More..

Posted on : 30 Nov,-0001


Liberia: Arab Contractors to Set-Up Office in Liberia

The Representative  of the  Arab Contractors,  a major  contributor to the construction  industry  in the  Middle East and Africa,  arrived  over the  Read More..

Posted on : 30 Nov,-0001


Nigeria: Uraga Develops N2.2 Billion Abuja Lightwell Garden Estate

A property development company, Uraga Real Estate Ltd (a member of the Honeywell Group) has developed the Lightwell Garden Estate project in Abuja, valued at about N2.2 billion, and has promised to  Read More..

Posted on : 30 Nov,-0001


Kenya to Build Plush Marina in Kla

Kampala, Uganda - Some 300 acres of prime land on Garuga Peninsula, on the shores of Lake Victoria in Uganda, are to be turned into an exclusive development known as Pearl Marina. Centum  Read More..

Posted on : 30 Nov,-0001


Ethiopia: Renaissance Dam Power Transmission Project Gets U.S. $1 Billion Loan

Mihret Debebe, Chief Executive Officer (CEO) of the Ethiopian Electric Power Corporation (EEPCo), and China Electric Power Equipment and Technology Co, Ltd (CET) of SGCC, signed a $1 billion loan  Read More..

Posted on : 30 Nov,-0001


Somalia: Turkish Govt to Renovate Public Hall in Mogadishu

Mogadishu (sh.M.Network) the speaker of the Somalia national assembly who had a meeting with his counterpart from Turkey signed an agreement to renovate the public hall in the city. Mohamed Omar  Read More..

Posted on : 30 Nov,-0001


ECOBANK launches China Desk in Dar

Ecobank Tanzania Limited, an affiliate of the Ecobank Group, has launched the China Desk in Tanzania to support emerging business opportunities, international trade, infrastructure projects and  Read More..

Posted on : 30 Nov,-0001


Kenya -Tanzania road gets a USD 232.5 million boost

The African Development Bank has approved two loans totaling USD 232.5 million for the 157.5-kilometre road project from Arusha to Holili in Tanzania, and Taveta to Voi in Kenya, in an effort to  Read More..

Posted on : 30 Nov,-0001


Canadian firm to raise Sh123m for rare earth mining

Canada-based mineral firm Pacific Wildcat Resources plans to raise Sh123 million to finance the ongoing work at its rare earth and niobium project near Mombasa. The amount will be raised through a  Read More..

Posted on : 30 Nov,-0001


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