Market News

 Cimentos de Moçambique, a subsidiary of Portuguese cement producer Cimpor, has announced plans to invest US$250mn in a new integrated cement plant in Nacala, Mozambique The new facility is expected to start functioning from 2018. A statement issued by the company said, “The new c . . .

The construction of first cancer hospital in Kenya is set to begin following a groundbreaking ceremony by the first lady, Mrs. Margaret Kenyatta. The hospital is a partnership between local entrepreneurs and General Electric Company.   The construction of the state-of-the-art treatment centr . . .

 Construction of a US$44M wind power plant in Kenya is set to begin in Meru county. The project is spearheaded by Maralal Energy Limited.   Maralal Energy which is a privately-owned Kenyan firm disclosed that the money will be used to construct the wind farm whose electricity will be inc . . .

 Equatorial Guinea has secured a wave of Chinese investment, following a trade forum in Dalian The Equatorial Guinea-Asia Economic Forum was hosted in the Northeastern Chinese city by representatives of the West African nation’s Ministry of Mines, Industry and Energy, with the aim of sho . . .

Constructions industry in Rwanda is on an upward trajectory after the country’s president Paul Kagame opened complexes worth $50m in the capital Kigali. The president challenged contractors to ensure they provide durable and quality structures.   Kagame congratulated local investors lik . . .