Market News

The European Union (EU) has pledged 540 million Euros to boost road construction in Ethiopia especially in rural areas for the next five years. Mr Antonio Capone who is the infrastructure leader of EU delegation announced that the money will be used to continue what he referred to as “a rem . . .

Construction firm Dorra Group has announced plans to construct 10,000 residential houses in Egypt in a bid to tackle the current  demand for housing in the country. Managing director Omar Dorra said they intend to target the youth in their housing projectl. He said that they recently subm . . .

 President Uhuru Kenyatta has called for closer partnerships between governments, regional and international investors to bridge financing gaps in infrastructure development.   President Kenyatta said governments cannot single-handedly invest in every infrastructure needed in the entire . . .

 The construction market in Kenya is set for  cutthroat competition after X-Calibur Construction Chemistry Inc., a US-based construction products manufacturer said that it was constructing a concrete and cement additive manufacturing plant in Kenya aiming to tap on the wider  East Afr . . .

The Newly constructed Weetabix East Africa plant in Kenya has been opened in the capital Nairobi. The move is aimed at increasing production capacity as well as enhancing efficiency. The new plant which cost US$ 2.5m has the potential of generating up to 60 per cent of the company’s produce . . .