Market News

 Ethiopia signed a 119 million dollar deal for power transmission lines to Kenya to export the extra power.   "It is mandatory to export the energy that is leftover as we cannot keep it, because our existing electric transmission lines are working beyond their capacity and they cannot tr . . .

 Speaking on Thursday in a press briefing, a day that also saw the company launch its property development affiliate- Cytonn Real Estate, firm’s Chief Executive Officer Edwin Dande, noted that 85 percent of the project would be low and medium housing. The remaining 15 per cent would be pr . . .

 Cement production in Kenya is soon to see a new entrant. A new cement grinding plant is set to be constructed in Western Kenya on a 50 acre piece of land. It is projected to produce 730,000 tonnes of cement every year and hence enhance the competition in the industry.   “The plant . . .

 The UK has agreed to provide a US$5mn grant to TradeMark East Africa for the construction of proper roads between Kenya’s Moi International Airport and Mombasa Port. The road upgrade is expected to begin in April 2015 and go on until June 2016. The funds will be used to upgrade . . .

 The new US$250mn plant has an annual capacity of 1.5mn tonnes and is located at Tabligbo, around 80 km northeast of Lomé. According to the company, with the Scantogo investment, HeidelbergCement has become the largest German foreign investor in Togo. The US$50mn Cimburkina cement grin . . .