Delays in Lamu Port South Sudan Ethiopia Transport (Lapsset) corridor and the fall in global oil prices will stretch Kenya’s plans to produce oil beyond 2017, a new study says.
Oxford Business Group Friday said in its The Report- Kenya 2015 that Lapsset is “ambitious and running behind schedule.”
The survey also says that, “production will not begin until the anticipated oil price recovery.”
Lapsset connects .... Read more »
Posted on : Monday , 23rd November 2015
The once thriving construction industry in Botswana will be revived through an economic stimulus programme, MP Dr Pelonomi Venson-Moitoi has announced.
Dr Pelonomi said the construction sector was one of the areas that the government eyes to stimulate the economy and create jobs. The decision was informed by assessment that showed the economic benefits of boosting the construction industry in the country.
Construction had been badly affected by the econ.... Read more »
Posted on : Monday , 23rd November 2015
Chinese firm Henan International Cooperation Group under the jurisdiction of Henan province is set to invest in major construction projects in Nigeria. This follows a meeting between Henan commissioner Mr. Jiao Jinmiao and Cross River State Governor Ben Ayade in Chinese city of Zhengzhou.
Among the planned investments includes constructing a power plant, warehouses, an industrial city where cars, car accessories, spare parts would be manufactured and a distribut.... Read more »
Posted on : Monday , 23rd November 2015
Siemens has penned down a power plant construction deal with Egypt to fund of the power project that they are set to construct in the country.
The financial closure agreement with German industrial giant Siemens will see Orascom Construction, and El-Sewedy Electric fund the construction of three electricity production undertakings in Egypt.
The long awaited function that will see Egypt’s power shortage cut short was overseen by Egyptian prime minister She.... Read more »
Posted on : Monday , 23rd November 2015
A US$100.51m cargo airport in Nigeria will be constructed in Nasarawa State, governor Tanko Al-makura, has said. The governor was speaking during the signing of the financial contract agreement between the state government and Tongyi Group Engineering, a Chinese firm tasked with the construction with their representative HYPAD .
The agreement stated that the Chinese firm will be responsible for the project’s finance. However, a Memorandum of Understanding .... Read more »
Posted on : Monday , 23rd November 2015
French transport solutions provider Alstom has signed two contracts with Egypt's National Authority for Tunnels (NAT) to supply signalling and telecommunications systems and develop infrastructure for the third phase of Cairo Metro Line 3
Posted on : Monday , 23rd November 2015
Ford Motor Company is planning to introduce 30 new vehicles in the Middle East and Africa by 2020 as part of its regional expansion strategy
Posted on : Monday , 23rd November 2015
East Africa is head and shoulders above the rest of Africa in meeting the Millennium Development Goals (MDG).
Posted on : Monday , 23rd November 2015
Major plans are underway to boost the capacity of micro, small and medium-sized enterprise players to enable them leverage on the African Growth and Opportunities Act (Agoa) through exports to the US market.
Posted on : Monday , 23rd November 2015
Isuzu’s Nigerian dealer Koncept Autocentre Limited has stated that it will commence the assembly of Isuzu vehicles from Q2 2016
Posted on : Saturday , 21st November 2015
Kenya plans to reform its company law in order to allow foreign firms to establish local branches that can own 100 percent, a senior official said on Monday.
Posted on : Saturday , 21st November 2015
The Bishoftu Automotive Industry announced that it is planning to build new 27 automotive engineering zones throughout the country in the coming years.
Posted on : Saturday , 21st November 2015
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