Market News

 Garden City one of East Africa’s largest mall has announced the construction of a new business park that will host a four star hotel.   The park will be developed on an additional 21 acres of land adjacent to the original 32 acre site that already hosts apartments and retail centr . . .

The Ethiopia-Djibouti railway line is expected to begin operations early next year, according to project officials railways Ethiopia is developing its transport sector in a bid to provide a boost to its economy.    The US$4bn project, which is being helmed by the China Railway Engineeri . . .

The World Bank has released over Sh54 billion to fund the laying of fibre optic cable and construction of a superhighway connecting Kenya and South Sudan.   The project, which runs concurrently in the two countries, was commissioned Wednesday following the release of the funds.   The f . . .

 Dangote Industries Limited has entered a multimillion joint venture agreement with Italy’s Saipem to establish a new company called Saipem-Dangote E&C   The new company aims to secure complex engineering and construction (E&C) projects in the Nigerian, Central and West African mar . . .

Tanzania Ports Authority (TPA) plans to increase capacity of Dar es Salaam Port for it to handle consignments from 15 million tonnes to 18 million tonnes per year with effect from next year, following a major renovation exercise.   Dar es Salaam Port Manager, Mr Hebel Mhanga told a press conf . . .