Market News

Rwanda's only cement manufacturer CIMERWA Ltd, yesterday, unveiled a new plant expected to increase production and boost export revenues.   The new state-of-the-art plant in Muganza Sector, Rusizi District, was inaugurated by the Prime Minister, Anastase Murekezi.   The factory, worth . . .

 Ethiopia geothermal power generation is set to grow after the country signed a power purchase agreement with Berkley Energy which is a Kenyan linked company that will see 1,000MW of energy being generated.   The signing was done by Azeb Asnake, CEO of Ethiopian Electric Power (EEP) and . . .

 The constructed Ngong wind power plant is to be commissioned in Kenya by Kengen in a bid to boost the renewable sources contributions to the national grid. It is hoped that the move will help in meeting the vision of generating 5,000MW of power by 2018. The construction of the wind power farm . . .

 Caterpillar has introduced the new F2-series range of machines – 422F2, 428F2, 432F2, 434F2 and 444F2 for the Middle East and Africa markets Depending on the model, engine-power choices include 56.5 kW (76.8 hp), 68.5 kW (93hp), 70 kW (95 hp), or 74.5 kW (101 hp) configurations. There&r . . .

 Nigerian businessman Aliko Dangote has announced plans to expand his company’s 1.5mn metric tonnes per annum (mmtpa) cement operations in Cameroon   In a meeting with Cameroon’s Prime Minister Philemon Yang, Dangote revealed that Dangote Cement is commissioning another cemen . . .