TradeMark East Africa and Northern Corridor Transit and Transport Coordination Authority ink $1 million deal to bolster trade
TradeMark East Africa (TMEA) and the Northern Corridor Transit and Transport Coordination Authority (NCTTCA) have signed a financing agreement worth US$ 1.05Million.
The British High Commissioner to Cameron, H.E. Rowan Laxton, and Mr. Luc Maglire Mbarga Atangana, Cameroon’s Minister of Commerce have laid the foundation stone for the construction of the Douala Grand Mall and Business Park.
The Nigerian Stock Exchange is set to migrate Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board, 2018 sequel to them applying and meeting the Exchange’s listing requirements for the board.
Ministry of Housing, Royal Institute of British Architects and Zambia Institute of Architects partner to promote local architecture
An agreement has been signed between Zambia’s Ministry of Housing and Infrastructure, the Royal Institute of British Architects of the United Kingdom and the Zambia Institute of Architects in the field of Architecture, the built environment and urban development.
The Government of Rwanda and Government of Japan has signed a financing agreement worth $68 million for the Ngoma-Ramiro road upgrading project.
[Senegal] Bolloré Logistics delivers tamping machines for the Dakar Blaise Diagne International Airport express train
As part of the plans for an express train to link Dakar to Blaise Diagne International Airport the EIFFAGE Group, a French group in the construction of rail infrastructure, picked Bolloré Logistics to assist in shipping and delivery of two tamping machines.
[Rwanda] African Development Bank, partners fund construction of 208 kilometre regional road project set to benefit over one million people
The African Development Bank and other development partners have joined the Government of Rwanda to launch the rehabilitation of the Kagitumba-Kayonza-Rusumo road works in the Eastern province of Rwanda.
Archer Daniels Midland Company and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt.
In a major boost to its Corporate Social Responsibility profile, Dangote Cement Plc, Ibese Plant has announced a multi-million Naira educational scholarship award for 115 students from its 15 host communities for the 2017/2018 academic session.
Actis, a leading growth markets investor has started construction on “Douala Grand Mall & Business Park”, Cameroon’s first destination retail & leisure mall.
Chinese manufacturing multinational XCMG has opened its first direct regional spare parts center in Kenya to serve business in East Africa.
Hermann Kamte, young Cameroonian architect and the founder of company Hermann Kamte & Associates (HKA), is the driving force behind the famous sketch of Lagos Wooden Tower.
Global provider of services in the hydrocarbon sector, KBR, Inc. has been awarded a contract from Indorama Eleme Fertilizer & Chemicals Limited for the Train 2 ammonia plant at Indorama's Port Harcourt site in Nigeria.
Mercury Asset Partners, a multinational financing and logistics company says it has mobilized $600 million for the implementation of various infrastructure and investment projects in Zambia.
Aliko Dangote has assured that the N250 million University of Ibadan Business School being constructed by him would soon be ready for commissioning.
As Egypt embarks on a massive infrastructure expansion drive to stabilise and expand its economy, underground and deep foundations works represent an essential element of preparation
Melcon Construction, a local construction firm, is to construct the nation's third most expensive road, costing 536 million Br, extending from Haile Garment to Jemo square.
Samuel Tafesse, the founder of Sunshine Construction, has announced plans to build a solar park in Ethiopia. “At the moment, we are exploring opportunities in power generation,” the 60-year old entrepreneur".
Construction of a US$1 billion project dubbed Virgin City has kicked off in Calabar Municipality in Nigeria’s Cross River State, Governor Ben Ayade has announced.
The Danish power plant specialist Burmeister & Wain Scandinavian Contractor, in consortium with MAN Diesel and Turbo, has been awarded a US$150.26mn contract to build a 120MW gas-fired power plant in Benin.
Nigeria’s manufacturing giant, Dangote Cement, has received legislative approval from the Liberian Senate for the production of cement in the West African country.
2018 is set to be a revolutionary year for Africa as the Land LayBy Holdings, the parent holding company of a flagship of real estate & fintech companies sets the pace for the incorporation of blockchain technology in the African real estate sector.
Israeli company Yam Pro Energy last week signed a $180 million MOU with Shapoorji Pallonji Group, owners of the TATA Group, to build a wave energy power station in Ghana.
Egypt said Tuesday the World Bank should be brought in to resolve tensions with Ethiopia over a massive dam on the Nile River that Egypt says threatens its water security.
The African Development Bank is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the US $ 5 billion Nacala corridor rail and port project.
Phase one of the mixed use Blue Amber resort in Zanzibar was launched on November 30 2017. The aim of Pennyroyal, the long term investor, developer and manager of the luxury tropical development, is to create a resort that blends contemporary living with world class hospitality facilities.
Plans for new hydropower dams in Eastern and Southern Africa could increase the risk of disruption to electricity supply, research
Hydropower dams planned for eastern and southern Africa could put electricity supply at risk for vast regions because they rely on the same rainfall patterns for electricity generation.
Rwanda and World Bank sign $68 million grant to Improve Connectivity to Agricultural Markets Centers
The Government of Rwanda and the World Bank Group have signed a $68 million Additional Financing Grant Agreement for the on-going Feeder Roads Development Project (FRDP) sourced from the Multi-Donor Trust Fund (MDTF) for Rwanda Feeder Roads Development.
To help speed up travel and transportation in Namibia, the Board of the African Development Bank has approved a loan of $ 53 million to the Government of Namibia to upgrade a 210km stretch of railway in the west of the country.
In the bid to reduce the huge infrastructure financing gap in Sub-Sahara Africa, the African Development Bank has approved US $100 million to The Emerging Africa Infrastructure Fund, a Public Private Partnership company, to reduce gap.
[South Africa] Ford Struandale engine plant looks to expand production in 2018 as it marks milestone
The Ford Struandale Engine Plant in Port Elizabeth has reached significant production milestones this year as it gears up for expanded production to support the R3-billion investment in its local operations by Ford Motor Company of Southern Africa.
The President and CEO of the Dannish group Haldor Topsoe has announced the construction of a factory in Soyo municipality, Zaire province with the capacity to produce two million tons of fertilizer per year.
The SMB-Winning consortium , a major player in the bauxite sector, has presented to His Excellency Alpha Condé, President of the Republic of Guinea, a project to build an alumina refinery in Guinea
The African Development Bank and the European Commission ink agreements to co-finance road projects in West Africa
The African Development Bank and the European Commission on Monday 27 November 2017 signed five co-financing agreements to support road infrastructure projects in West Africa.
The Dangote Group of Nigeria, on November 23, 2017 formally launched its newest economic development industrial project, the Dangote Cement plant in Mfila, in Congo-Brazzaville.
The African Development Bank (AfDB) and other participating co-lenders has signed agreements for the financing of the Nacala Corridor project.
EFG Hermes Foundation and Sawiris Foundation for Social Development partner to realize integrated sustainable development in Upper Egypt
EFG Hermes Foundation and the Sawiris Foundation for Social Development have signed a memorandum of understanding (MOU) to launch an integrated sustainable development project in Naga’El-Fawal, Esna, Luxor.
The World Bank has launched its seventh edition of Madagascar’s economic update.
Bombardier Transportation has reached a significant milestone in its rail modernization projects with the Moroccan State Railway, ONCF.
Africa’s largest cement Company, Dangote Cement Plc has added fillip to the on-going efforts at economic emancipation of Africa by formally opening its 1.5mtpa capacity cement plant in Mfila, Congo Brazzaville,
The Board of the African Development Bank Group (AfDB) has approved a loan of €112 million to help finance the North-East Road Connectivity Support Project in Tunisia.
East African Community receives $1.2 million from AfDB to finance multinational road between Uganda and Tanzania
The African Development Bank East Africa Regional Resource Centre (EARC), and the East African Community (EAC) have signed a financing agreement of $1.2 million to finance the Project Preparation Phase of three key Multinational Road Sections between Masaka in Uganda to Kumunazi in Tanzania.
Ghana’s President Nana Akufo-Addo has led the ceremonial ground-breaking of the first phase of a 2,000-unit affordable housing project financed by Ghana Home Loans at Appolonia City, Accra's new city development.
[Nigeria] Marriott International and Landmark Africa Group announce signing of renaissance Lagos hotel
Marriott International and Landmark Africa Group have announced the signing of Renaissance Lagos Hotel and Marriott Executive Apartments.
The Board of Directors of the African Development Bank Group (AfDB) has approved $ 25 million in Kwacha equivalent to Zambia National Building Society (ZNBS).
Suez Canal Economic Zone Authority and DP World sign agreement for development of economic zone in Sokhna, Egypt
Admiral Mohab Mamish Chairman of the Suez Canal Authority and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, have signed a partnership to develop an integrated industrial and residential zone at Sokhna in Egypt.
Kenya Urban Roads Authority General Manager Daniel Muchiri has told CNN’s Building Bridges programme of the huge financial losses Kenya’s capital is experiencing as traffic jams grind the city to a halt.
During the first half of the year, Rwanda recorded a low growth rate of 2.9% on average mainly due to low growth of the industry and services sectors as activity in construction recorded a deceleration of -5.5%.
African countries offer major investment opportunities to Belt and Road Initiative, Baker McKenzie report
China's Belt and Road Initiative (BRI) is stepping up a gear, with new BRI-related projects estimated to be worth US $350 billion over the next five years.
The latest addition to the international NEC suite of contracts, the NEC4 Design Build and Operate (DBO), was developed to cater for contracts where there is a single point of responsibility for the development and construction of an asset.
Telecommunication provider, MTN has led the 2017 Top 50 Brands Nigeria for its innovation, Corporate Social Responsibility (CSR), online engagement, national spread, and brand popularity.
African Development Fund approves €48m grant finance for Guinea-Sierra Leone border road reconstruction
The Boards of the African Development Bank Group have approved funding of €48 million from the African Development Fund for the reconstruction of the border road from Guinea to Sierra Leone.
Pan African cement manufacturer, the Dangote Cement has maintained its strong hold in the Nigeria domestic cement market accounting for 65 percent of the Nigerian market volume.
QGIAM, the private equity arm of Africa focused investment firm Quantum Global has announced that on behalf of their investors, the sale of its interest in Savannah Cement, a leading Kenyan cement producer, has been completed.
Demand Management, Inc., says that Manufacture de Panneaux Bois du Sud (MPBS), a leading paper and forest products company, has become the first company in Tunisia to go live on the Demand Solutions DSX supply chain planning platform.
Africa’s migrant resources, which amount to more than $110 billion, could be a major source of funding for key infrastructure projects across the continent if properly harnessed.
African Development Fund approves US$ 141 million credit risk participations under Private Sector Credit Enhancement Facility
The Board of Directors of the African Development Fund (ADF) have approved a credit risk participations in eight loans cumulatively valued at US$ 141 by the Private Sector Credit Enhancement Facility (PSF).
The hotel sector in Sub-Saharan Africa has evolved during the past decade due to high demand growth, entrance of new global brands and increasing supply in major markets.
China Minsheng Drawin Technology Group (CMIG Drawin), a unit of investment conglomerate China Minsheng Investment Group, has launched the John Dude New City project in South Africa's Gauteng province.
PPC said on Friday that Nigeria’s Dangote Cement has withdrawn its interest to tie-up with the South African firm, sending its shares more than 13% lower.
Globally, as much as 35% of all treated water is lost to leaking piping systems with South African levels reaching as high as 60%.
KBR awarded engineering and project management services contract for Sonatrach, Statoil and BP joint project in Algeria
KBR, Inc. has been awarded an engineering and project management services contract by JVGAS – a joint venture of Sonatrach, Statoil and BP.
The Board of Directors of the African Development Bank Group has approved a private sector multi-currency line of credit of US$100 million and 1.3 billion South African Rands to Industrial Development Corporation Plc (IDC) of South Africa.
The Minister of Finance and Economic Planning Claver Gatete has expressed confidence that the economy would attain the projected 6.2% growth as a result of positive trends across various sectors.
STRABAG SE, the publicly listed European-based technology group for construction services, has been awarded a bridge project in South Africa.
In line with Egypt’s focus to support local manufacturing capacity, the Ministry of Industry (MTI) and Siemens have signed a Memorandum of Understanding (MoU), to collaborate on the modernization of manufacturing.
Mauritius Telecom signs agreement to use IOX Cable System to enhance global Internet connectivity in Mauritius
IOX Cable today announces that Mauritius Telecom has signed an agreement as an anchor tenant for ultra high speed connectivity on the IOX Submarine Cable System.
TheAfrican Export-Import Bank has embarked on a concept to transform its buildings into iconic business complexes with integrated one-stop trade services shop, the President, Dr. Benedict Oramah, has announced in Harare.
[Column] Leana Englebrecht: Swaziland Competition Commission requires payment of higher merger filing fees
In Swaziland, mergers are classified as either small mergers or large mergers.
IOX Cable has announced that they will be expanding their reach to now Include La Reunion as part of its construction of a new state of the art Submarine Cable System.
Kenya Ports Authority bets on modern diesel electric cranes to bolster efficiency in handling cargo at Mombasa Port
Kenya Ports Authority’s (KPA) equipment acquisition efforts for the Port of Mombasa has received a major boost following the arrival of two ultra-modern diesel electric cranes.
UBUCOM decided to choose Bolloré Logistics Tanzania as its logistics partner for the transportation of 1,298 MT of iron coils to Burundi.
In another bold move for self-sufficiency in sugar production, Dangote Group has in Niger State signed an agreement with the State Government for the establishment of a $450million sugar complex.
The African Development Bank Group (AfDB) has announced the debarment of Chongqing International Construction Corporation (CICO) for a minimum period of twelve months.
Market research future published a half cooked research report on global automated windows market.
Over its 50-year history, the African Development Bank (AfDB) has financed over 450 transport projects, changing the lives of close to 450 million people across Africa.
OPEC Fund for International Development and Tanzania sign $18 million loan for 51 kilometer road project
OPEC Fund for International Development, OFID, and Tanzanian government have signed an $18 million public sector loan agreement for the Uvinza–Malagarasi Road Project.
[South Africa] Latest PMI data and a weaker rand to further reduce margins of metal and engineering companies
Manufacturers continue to face serious headwinds despite last month’s decision by the South African Reserve Bank to cut the repo rate by 25 basis points, which was an expansionary monetary policy move to reduce costs.
The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55 billion crude export pipeline that would pump Ugandan oil for international markets.
Uganda has picked a consortium including GE and Italian Saipem to build and operate the African country’s first oil refinery.
Appolonia City, Accra's new city development, will build 100 affordable homes as part of a partnership with the country's leading mortgage provider, Ghana Home Loans.
The construction of a new terminal at Ghana’s flagship airport – Kotoka International Airport – is expected to make the country a destination of choice with a yearly target of 5 million passengers.
Rentorr is a dynamic online platform that brings together property owners, real estate players, vendors, people who want to rent a home, in one space. It offers solutions that completely align with the realities of the 21st century.
The Federal Government has said it relies heavily on the Dangote refinery to fulfill its promise to Nigerians to end fuel importation by December 2019.
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa.
The President of the African Development Bank (AfDB), Akinwumi Adesina, will visit Ghana from 1-4 August 2017 as part of efforts to strengthen cooperation.
Acting Nigerian President, Prof. Yemi Osinbajo has inaugurated a giant world-class fertilizer plant, built by Indorama Eleme Fertilizer and Chemicals Limited at a cost of $1.5 billion.
[Cameroon] Bolloré Transport & Logistics, CMA CGM and CHEC sign concession agreement to manage Kribi container terminal
A consortium of French and Chinese companies have signed a concession agreement to Cameroon’s Kribi Containers Terminal, a reference Port Terminal in Africa.
Labacorp Group has built a name and legacy in key economic sectors spanning real estate, agribusiness, manufacturing and construction among others. It oversees the activities of nine wholly owned-majority owned operating member companies
A large-scale hydropower dam planned for Selous Game Reserve World Heritage site puts protected areas of global importance - as well as the livelihoods of over 200,000 people who depend upon the environment
One of New Zealand's longest-running pioneering businesses, Gallagher Power Fence Systems Limited, has announced plans to expand operations in Kenya at Tatu City.
East Africa continues to maintain its lead in regional growth in Africa reaching 5.3% in 2016 Real GDP growth. The economic success of Ethiopia is attributable to its desire to grow its economic base amidst structural challenges.
In March 2017, Bolloré Logistics Tanzania set up a fully-fledged warehousing service with Barthi Airtel Limited, a leading global telecommunications company with operations in 20 countries across Asia and Africa.
Sheraton Hotels & Resorts, part of Marriott International, Inc. has announced the reopening of the iconic Sheraton Cairo Hotel & Casino a city landmark for more than four decades.
Nigeria will overtake the United States to become the third-most populous country in the world by 2050, according to a United Nations report.
Afreximbank approves $200 million facility to help Banque Misr support Egypt’s SMEs and industrialization
The African Export-Import Bank has approved a $200 million industrialization liquidity facility for Egypt’s Banque Misr for the financing of small and medium-sized enterprises (SMEs)
Uganda and China have signed a Memorandum of Understanding three proposed investment projects ranging from trade, agriculture and transport.
Ethiopia and the world's newest nation South Sudan are to develop joint infrastructure development projects that would help create regional economic interconnection.
[Nigeria] 371, 000 Internally Displaced Persons to benefit from Dangote Foundation’s donation in Borno
Africa’s foremost businessman, Aliko Dangote has donated food items worth more than N200 million to the people of Borno state.
The Nigerian Content Development and Monitoring Board and Dangote Group, have commenced collaborations towards ensuring maximum utilisation of local capacities in the construction of the company’s 650,000 barrels per day refinery.