The Lagos State Government has approved the construction of flyover bridges for two of the state's high-density traffic zones - Ajah roundabout and Abule Egba junction. The two major projects were approved by the State's Executive Council and have been duly awarded to contractors for a speedy commencement of work.
Posted on : Tuesday , 15th December 2015
Plastics packaging giant Alpla Holding GmbH has continued its worldwide expansion with acquisitions in Egypt and Italy. Posted on : Tuesday , 15th December 2015
The Austria-based group will take over the Egyptian production site of Greek company Argo SA at the end of 2015. The facility is located around 30 kilometers northeast of central Cairo, in the industrial area of El Obour. Argo has operated the Egyptian plant since 2011. The plant produces blow molded containers and has around 50 employees.
Vienna, Austria-headquartered packaging company Constantia Flexibles GmbH has announced that it has completed its acquisition of South African flexibles packaging group Afripack.
The completion comes following approval from the antitrust authorities. A financial figure for the deal was not disclosed.
Constantia highlights that Africa is one of the fastest growing markets for flexible packaging, with demand being pushed by factors including urbanization .... Read more »
Posted on : Tuesday , 15th December 2015
African focused junior mineral exploration company Walkabout Resources has reported very high grade graphite assay results of up to nearly 40% total graphitic carbon (TGC) for its maiden diamond drilling programme at its Lindi Jumbo project in south eastern Tanzania.
The diamond drill holes, all along the western flank of the Gilbert Arcarea of focus, were drilled in order to provide core material for metallurgical test work and size by analysis.
“These d.... Read more »
Posted on : Tuesday , 15th December 2015
South Africa's automotive sector has received a major boost with the launch of the combi metre production facility by Hesto Harnesses in KwaZulu-Natal.
Posted on : Tuesday , 15th December 2015
The Week of the Programme for Infrastructure Development in Africa (PIDA) in Abidjan, Ivory Coast, focusing on the continent's infrastructural development ended today with resolutions that could catapult huge advances for Africa.
Posted on : Tuesday , 15th December 2015
A Loan Agreement was signed today in Kigali between the Republic of Rwanda and Kuwait Fund for Arab Economic Development whereby the Fund will extend a loan of Kuwaiti Dinars Four Million and Five Hundred Thousand Kuwaiti Dinars (K.D. 4,500,000/-), approximately 15.3 million US Dollars, to help finance the Nyagatare-Rukomo Road Project.
Posted on : Tuesday , 15th December 2015
The Sudanese Ministry of Petroleum has unveiled a design by Chinese based Lanpec Co. Ltd. for investment in Sudanese oil and gas refineries.
According to a statement by the Ministry the company has visited refineries in Khartoum and Port Sudan over the past period and has promised to conclude a memo of understanding in this regard within 45 days.
Mahmoud Mohamed Abdel-Rahman, State Minister for Oil, noted interest was driven by successful projects by si.... Read more »
Posted on : Monday , 14th December 2015
BG Tanzania, a firm that deals with the exploration performance, a unique LNG business, and ability to fast-track the development of economic projects oil around the world last week announced that has donated a total Tsh.602,000,000 ($ 280,000 to lift up health services in Mtwara region (600 km) from Dar es Salaam.
An official communiqué of which a copy was availed to East African Business Week indicates that Mtwara has a very high prevalence.... Read more »
Posted on : Monday , 14th December 2015
In a letter to shareholders, Kibo Mining CEO Louis Coetzee outlined the current status of the company and its projects:
The Board of Kibo Mining is pleased to report on a highly productive 2015, which saw the company significantly advance work across our project portfolio.
This progress has been achieved against the backdrop of persistent challenges for mining companies. As one of the best performing mining stocks on London’s Alternative Investmen.... Read more »
Posted on : Monday , 14th December 2015
GOVERNMENT intends to establish a tantalite buying centre modelled along the same lines as Fidelity Printers and Refiners, Mines and Mining Development Minister Walter Chidhakwa. Tantalite is a black mineral found in granite rocks and mostly used in the electronics industry. It is used for the manufacturing of electronic capacitors for cell-phones and laptop computer chips, among others.
Posted on : Monday , 14th December 2015
Dar es Salaam — Finish government has granted Euro 2 million (about Sh4.7billion) to an organization working to unlock economic potentials in East Africa--TradeMark East Africa (TMEA)--to complete building houses for staff working at border posts.
Posted on : Monday , 14th December 2015
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