Construction firm Murray and Roberts wins big with new International contracts

 Construction firm Murray and Roberts has announced that its subsidiaries, Clough and CH-IV International have secured contracts for projects in the oil and gas sectors in South Korea and the US.   Construction firm Murray & Roberts, a group of world-class companies and brands is a JSE listed group with headquarters in Johannesburg, South Africa.   According to the group, Samsung Heavy Industries had awarded Clough a contract for hook up services between the.... Read more »

Posted on : Saturday , 30th January 2016

East Africa and China deepen ties, sign trade agreement

 Djibouti’s president has signed an agreement with China to set up a trade zone and establish legal framework to let Chinese banks operate in the country, according to a Reuters report Djibouti President Ismail Omar Guelleh stated the aim is to have the first phase completed and operational before end of 2016  The trade zone is expected to cover an area of 48 sq km. The first phase covers an area of 1.5 sq km and is aimed to be operational by end of 2016. It is.... Read more »

Posted on : Friday , 29th January 2016

East Africa and China deepen ties, sign trade agreement

 Djibouti’s president has signed an agreement with China to set up a trade zone and establish legal framework to let Chinese banks operate in the country, according to a Reuters report Djibouti President Ismail Omar Guelleh stated the aim is to have the first phase completed and operational before end of 2016  The trade zone is expected to cover an area of 48 sq km. The first phase covers an area of 1.5 sq km and is aimed to be operational by end of 2016. It is.... Read more »

Posted on : Friday , 29th January 2016

International Power firm to construct 10 MW PV solar plant in Africa

 An international power firm has announced plans to construct a 10 MW solar plant in Gambia a move that will boost electricity supply in the country. Emerging Power Ghana Limited has already signed a 25-year power purchase deal with Gambia’s National Water & Electricity Company (NAWEC).   Yasser Gamil, Emerging Power (Gambia) Ltd.,MD signed the agreement on behalf of the company while the National Water & Electricity Company was represented by Ebrima Sanyang,.... Read more »

Posted on : Friday , 29th January 2016

Major road in Kenya to be expanded into dual carriage

 A Japanese firm has been awarded a US$ 13m contract for the expansion of a major road in Kenya into dual carriage, the  Kenya Urban Roads Authority (KURA) has announced.   The Japanese company, World Kaihatsu Kogyo (WKK) is set to commence operations in April this year and will in entails the installation of traffic signals, street lights and walkways to be used by pedestrians.   The mega project which is financed through a donation from the Japanese.... Read more »

Posted on : Friday , 29th January 2016

Himoinsa to launch new products and expand presence in 2016

 Spanish genset manufacturer Himoinsa’s turnover in 2015 grew by 15 per cent, with strong sales figures coming in from the Middle East, Africa, Asia Pacific and Europe   While Europe emerged a key market contributing 37 per cent of the total turnover, America followed with a 26 per cent share and Asia Pacific with a 17 per cent share. The Middle East and Africa each contributed 10 per cent to Himoinsa’s annual figures last year. The company plans to capitalise.... Read more »

Posted on : Thursday , 28th January 2016

Kenya’s Nairobi County sets aside US$ 60.5m for roads construction

 Kenya’s Nairobi County has set aside US$ 60.5m that will be used for the construction, rehabilitation and maintenance of roads in Nairobi and this will lead to the ease of traffic that is majorly experienced in the city.   Nairobi Governor Evans Kidero confirmed the reports and said that this initiative will eventually lead to effective service delivery to the citizens in the region. He confirmed the news while breaking ground for the construction of a 13km Muthioya.... Read more »

Posted on : Thursday , 28th January 2016

China to invest $15bn on infrastructure projects in African Nation

 China will invest $15Billion for over 15 infrastructure projects in Egypt following a recent visit by president Xi Jinping to the North African country.   According to official reports presidents Jinping and Sisi signed a number of joint projects aimed at boosting infrastructure in the country.  More investment will be channeled towards electricity, transport and infrastructure sectors.   According to Sisi the projects that will be carried will be beneficial.... Read more »

Posted on : Thursday , 28th January 2016

Promising 'New Deal on Energy' for Africa

 African Development Bank will manage Africa's New Deal on Energy along with investing US$12bn in energy funding over the next five years The deal's aims all revolve around providing more power for the households for Africa  Africa has been well-recognised as a huge resource potential for the energy sector and yet the economic conditions do not yet allow the complete utilisation of this potential. It is these circumstances that have given rise to 'New Deal on Energy',.... Read more »

Posted on : Wednesday , 27th January 2016

Investment holding firm to construct mega cement plant in Africa

 Investment holding firm Zambia Consolidated Copper Mines (ZCCM-IH) is set to construct a cement plant in Zambia,Chief Executivve Officer of ZCCM-IH, Pius Kasolo has said. The plant will be set up at Ndola Lime on the Copperbelt with an initial investment worth $600 million.   Mr Pius Kasolo said the plant would be completed in three years time and is expected to create more than 1,000 permanent jobs.   During an interview in Zambia’’s capital, Lusaka,.... Read more »

Posted on : Wednesday , 27th January 2016

Largest mall in East Africa to get own electricity

 The Largest mall in East Africa that is under construction in Kenya-Two Rivers mall will get its own electricity thanks to investment firm Centum that has pledged to construct solar and diesel power plants that will generate 12MW of electricity to provide power to the mall.   Centum secured a license from the Energy Regulatory Commission (ERC) to generate and supply electricity at the mixed-use commercial development that encompasses a mega shopping mall, hotel, office.... Read more »

Posted on : Wednesday , 27th January 2016

African Nation to connect 1.2 million homes with natural gas

 Egypt plans to connect 1.2 million homes with natural gas as in the Financial year 2016/2017, state owned corporation  Natural Gas Holding Company has said.   According to the state owned corporation Egyptian Natural Gas Holding Company (EGAS) they have already done preliminary studies that will enable them deliver the gas connection to the homes.   This is expected to be one of the biggest projects that will be carried by EGAS in this 2016/17 Financial year.... Read more »

Posted on : Tuesday , 26th January 2016