Market News
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Ethiopia plans Africa\'s biggest dam
Posted on :Saturday , 6th September 2014
Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
Dubbed the Grand Ethiopian Renaissance Dam, it will be Africa's biggest dam and will depend on water . . .
Acorn Group Kenya injects US$455m into a Real Estate project
Posted on :Saturday , 6th September 2014
Acorn Group Africa, a real estate firm in Kenya is going to inject US$455m into a real estate project that will see the firm construct shopping malls, commercial offices, residential properties and commercial hotels in Nairobi, Lukenya and Kitengela.
Tetra Tech signs US$25m contract for Phase 1 of Konza City
Posted on :Saturday , 6th September 2014
Tetra Tech Inc will oversee development of phase 1 of Konza city following the signing of a contract between them and Konza Technopolis Development Authority (KoTDA).
Merali to construct US$23m office block in Nairobi, Kenya
Posted on :Saturday , 6th September 2014
Businessman Naushad Merali has made plans to construct a US$23m office block in Westlands, Nairobi.
Qatar investors to enter Kenya real estate market
Posted on :Saturday , 6th September 2014
Qatar is seeking to enter into the Kenya real estate market. A delegation of Qatari Businessmen Association (QBA) has already visited the Kenya’s Minister of Foreign Affairs and International Trade, Amina Mohamed in a bid to improve ties between the two countries.
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