Latest African business news, economy, corporate, markets updates

Eskom Uganda Is Committed to Improving Maternal and Infant Health

Ugandans know Eskom as a reliable partner for generation of electricity which has spurred development and progress in this country.

You know Eskom as people who have for the last 12 years operated and maintained this country's first two hydro power stations, Nalubaale and Kiira, without incident and/or deficiency.

The plant availability for both dams for the period since the start of the concession in 2003 has consistently .... Read more »

Posted on : Thursday , 31st December 2015

Rwf11 Billion for Nyagatare-Rukomo Road Construction

The Government of Rwanda and Saudi Fund for Development (SFD) yesterday signed a $15 million (approximately Rwf11.2 billion) concessional loan to fund the construction of Nyagatare-Rukomo road.

The 30 year concessional loan will support the construction of a 7 meter wide, 73 kilometer two lane tarmac road between Nyagatare and Rukomo, Claver Gatete, Minister for finance and economic planning said.

He added that the loan com.... Read more »

Posted on : Thursday , 31st December 2015

Athi River Cement Eyes Sh12.7 Billion Expansion Plan

Cement manufacturer Athi River Mining (ARM) is talking to a strategic investor to support its expansion plans.

The firm, while remaining cagey about what the planned capital injection to the tune of Sh12.7 billion on Monday said, "discussions are still going on and further details of the investment shall be made available to the shareholders of the company and the public in due course."

"ARM Cement Limited is.... Read more »

Posted on : Thursday , 31st December 2015

Ethiopia: Road Construction At Legehar Resumes

Flawed design delayed this project though the first segment of road was completed 10 years ago

A road design which had intended to demolish the historic building at the La Gare train station finally gave way to another design that makes a detour, allowing road construction to resume on December 14, 2015, after a delay of 10 years.

The construction, which is now expected to be completed in three months, initially envisioned .... Read more »

Posted on : Thursday , 31st December 2015

Ghana: U.S.$1.5 Billion Tema Port Expansion Project Starts 2016

Expansion works on the Tema Port will start next year. The first phase of the $1.5 billion project is expected to be done in about three years.

The port is expected to handle thrice its current traffic of about one million Twenty-foot Equivalent Units (TEUs) when completed, according to marketing and public relations manager Paul Asare Ansah.

The investment, according to Mr Ansah, "is going to expand the capacity of th.... Read more »

Posted on : Thursday , 31st December 2015

Umeme Ltd nears completion of substation for Ugandan township

Uganda’s power utility company Umeme Limited is in the final stages of constructing a 40 MVA substation in the Namugongo township

The new facility will help reduce losses during the distribution of power and also provide stable power around Namanve, Kireka, Namugongo and Kyaliwajjala areas.

Project officials revealed that US$5mn was spent on constructing the power plant, while US$2mn was spent on feeder lines. Power from B.... Read more »