[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 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%.
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.
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.
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.
Huawei, a leading global Information and Communications Technology (ICT) solutions provider, announced recently that the railway operational communications network it built for Kenya's Mombasa-Nairobi rail project was put into commercial use.
The World Bank approved has approved $150 million International Development Association credit for Transport Sector Improvement Project (TSIP) in Ghana.
Bamburi Cement has announced that it will cater for the full cost of medical insurance for its retailers. The initiative, dubbed Afya ya NGUVU, is aimed at rewarding retailers' loyalty.
Nigerian National Petroleum Corporation Group Managing Director, Dr. Maikanti Baru, has said that the corporation’s recently re-commissioned Mosimi and Kano depots have impacted positively on highways across the country.
IOX Cable and Alcatel Submarine Networks to build first open cable connecting Mauritius and Rodrigues Island to South Africa and India
IOX Cable Ltd, a Mauritius-based company, and Alcatel Submarine Networks , part of Nokia, have signed a turnkey agreement for the deployment of the IOX Cable System.
In early 2017, Bolloré Logistics secured an end-to-end logistics contract to transport materials for the construction of a thermal power plant.
MSC and San Pedro Port have signed a 35-year concession agreement for the expansion of the San Pedro Container Terminal (“TCSP”) in Côte d’Ivoire in the presence of H. E. Mr Amadou Gon Coulibaly, Prime Minister of Côte d’Ivoire.
Kenya has replaced the over a century railway line with a new state of the art standard gauge railway which will ease transport and boost trade across the region.
Governments across East Africa are set to change transportation and trade development by investing in the expansion and rehabilitation of existing roads, the creation of new road links between key cities and cross-border connections
The World Bank has approved an $81 million International Development Association (IDA)* credit to support Rwanda’s transport sector.
Djibouti has unveiled a 690 hectare Doraleh Multipurpose Port, the country’s largest mega project. The new port infrastructure is equipped with ultra-modern facilities that can accommodate 100,000 DWT vessels.
Africa Logistics Properties (ALP) has begun construction of Kenya's first modern grade-A logistics and distribution warehousing complex at Tatu Industrial Park.
Trade efficiency systems in Zanzibar are expected to become efficient with the launch of an NTB monitoring and electronic certificate of origin systems by the Zanzibar National Chamber of Commerce Industry and Agriculture (ZNCCIA).
Kenya’s tourism sector got a major boost as President Uhuru Kenyatta opened two international hotels and laid the foundation stone for the tallest building in Africa.
The Mobilitas-AGS group’s new multimodal logistics platform in Gauteng province, South Africa has officially been delivered.
Sole authorized dealer for Caterpillar products in Kenya, Mantrac Kenya Limited yesterday hosted one ofthe Group Presidents of Caterpillar, Rob Charter, who was in the country in a bid to further cement the business in the market.
Islamic body on private sector development and China-Africa Development Fund ink deal to boost infrastructure in Africa
The Islamic Corporation for the Development of the Private Sector, the private sector arm of Islamic Development Bank (IDB) Group and China-Africa Development Fund, CADFund, a Beijing-based private equity firm and subsidiary of the China Development Bank which focuses on Africa have signed a historic agreement.
[Nigeria] Infrastructure summit calls for bolder action from private sector to reduce Africa's infrastructure deficit
Africa's premier infrastructure summit has opened in Abuja, Nigeria. Andrew Alli, President and CEO of AFC, said: "In 2014 we held our inaugural African infrastructure summit, bringing together our expertise, knowledge and experience in infrastructure financing.
Global trade enabler DP World has celebrated its 30-year port concession for the management and development of a multipurpose port project at Berbera, Republic of Somaliland which started on 2 March 2017.
South Africa’s downgraded status by international agencies is likely to have significant impact on the construction industry as the cost of credit rises, particularly in existing contracts.
On Wednesday 26 April 2017, the Western Cape High Court in South Africa ruled that certain of the South African Government's decisions in respect of the procurement of nuclear new generation capacity, were unlawful and unconstitutional and were set aside.
Artisan Training Institute (ATI), a leading technical skills training organization and the MasterCard Foundation have partnered to launch a program that will bolster the capacity of Training, Vocational, and Educational Training institutions (TVETs) to provide quality education to young people in South Africa’s artisanal and skilled trades sectors.
Namibia Mortgage Acceptance Corporation ("Namibia MAC"), a subsidiary of Africa Growth Corporation has announced its intention to launch a Regulation D (506(c)) debt offering as it seeks to secure funds through accredited investors to facilitate access to financing solutions
The South African Competition Commission has referred a supplier of the main ingredient in bricks used in the construction of affordable housing to the Competition Tribunal for charging excessive prices.
The much-awaited construction of standard railway track from Lagos to Ibadan has commenced with the Managing Director of Nigerian Railway Corporation (NRC), Engr. Fidel Okhiria advising those with illegal structures on the railway right of way to leave immediately.
AfDB provides $10.61m supplementary loan to rehabilitate and expand electricity distribution networks in Juba, South Sudan
The Board of Directors of the African Development Bank Group (AfDB) approved an African Development Fund (ADF) supplementary loan of US $14.57 million to rehabilitate and expand the distribution networks in Juba, South Sudan.
Aliko Dangote is presently the owner of the largest crawler crane in Africa. The businessman bought the crane from Chinese construction company, XCMG Construction Machinery Co Ltd, a Company dealing in heavy machineries.
Real Relief has announced the launch of Lifeshelter®, a unique shelter and rehousing solution based on an innovative concept that is ideal for rapid temporary rehousing in emergency situations, as well as being re-purposed for permanent housing.
To complement its N7 billion Surgical and Diagnostic Centre (SDC) currently under construction, the Dangote Foundation has concluded the renovations of some sections of the Murtala Muhammed Specialists’ Hospital, Kano which gulped over N200 million.
Multi asset emerging market investor Actis has partnered with Arc Skills to bridge skills gap in the growing construction industry.
[Nigeria] Access Bank’s Centralised Operations Group Constructs Hostel for Visually Impaired Persons
Access Bank’s CSR has identified The Federal Nigerian Society for the blind (a Non-Governmental Organization) as the beneficiary of her volunteering effort.
Ethiopia's parliament has approved a $250 million loan agreement made with China's Export-Import (Exim) Bank to finance major infrastructure construction in the country.