Market News

 Nairobi — More than 2,400 Kenyans have already been hired for the construction of the Standard Gauge Railway (SGR).   Assistant President of China Communications and Construction Company Wen Gang says they also intend to sub-contract about 40 percent of the project to local compan . . .

Dangote Cement Plc plans to expand its cement production plants to Africa, Middle East and Latin American countries. The company hopes that it will, through the planned investment, rank among the top ten global cement manufacturers and also help Nigeria to earn foreign exchange.   According t . . .

Nigeria’s Cross River State has signed a $17 million contract for the construction of Ogoja Water scheme with a Chinese firm CGC.The State Commissioner for Water Resources, Mr. Etowa Elemi, signed the contract on behalf of the state government while the Managing Director of CGC Nigeria Limited . . .

Louis Berger, a $1 billion global professional services corporation, has recently signed a five-year project management contract financed by local funds for the construction of the first segment of the Yaoundé-Douala highway in Cameroon. The total construction value of the project is almost & . . .

 Kenya’s Athi River Mining Company (ARM) has been given the go-ahead to set up a US$ 285m limestone mining plant in Ngaie, Kyuso district.   Minerals executive George Mulatya was pleased when confirming the reports and he said the cement firm is expected to set up a clinker and cem . . .