Market News

Afritech Energy (AE) and East African Power have signed a US$ 40m agreement that will see the construction of four hydropower plants in Rwanda. The agreement will involve construction of four hydropower sites in Bihongora, Karambo II, Gatare Sebeya and Muregeya. Other two projects will be in Rust . . .

The construction of Nyagak III Small Hydro Power Project in Uganda is set to commence soon, this is after the Ugandan Government and a German firm signed a US$ a 1.8m agreement. The agreement which was signed by Uganda Electricity Generation Company Limited (UEGCL) on behalf of the government too . . .

 Out of the US$1.25bn Eurobond issue,US$400m has been allocated for road construction in Zambia in a bid to boost connectivity in urban and rural areas.   According to the Deputy Minister for Finance, Christopher Mvunga, US $410.7m will be channeled towards road infrastructure improvemen . . .

Nairobi Governor Evans Kidero yesterday announced City Hall will complete tarmacking the road linking Kangundo road to the Eastern bypass in a few months.   The road runs from the Administration Police Training College gate in Embakasi and joins Kangundo Road near Njiru market.   The r . . .

Cement maker ARM Group has rolled out a new a technology in a bid to reduce the cost of construction.   Chief executive Pradeep Paunrana blamed high cost of housing on expensive technologies in the construction industry.   "We need to build more economically to keep prices of finished . . .