Railway investments in Egypt are set to hit US$11 Billion by 2030 chairman of Egypt’s National Railway Authority Ahmed Hamid has announced. He noted enormous growth of the railway system in the country.
He added that the general investment plan of the authority is represented in three axes: the most important one is the urgent plan, with an estimated value of EGP7.17bn, followed by the medium plan estimated at roughly EGP14.413bn and other long-term plans .... Read more »
Posted on : Saturday , 24th October 2015
Germany based construction product manufacturer BASF Construction Chemicals has launched its new concrete admixtures production plant in Nigeria.
Posted on : Saturday , 24th October 2015
Preparation for construction of Nuclear Power Plants in South Africa has begun in earnest after the department of energy received US $14.80m from the National Treasury for feasibility study putting into consideration the cost, benefits and risks involved.
Posted on : Saturday , 24th October 2015
Swala Energy Limited has said it has agreed with Magna Equities II LLC the provider of an interim financing mechanism entered into by way of provision of Convertible Notes in December 2014.
Under the agreement Swala Energy says it shall undertake to redeem all of the outstanding 452,381 Convertible Notes currently held by Magna at a cost of US $598,500.
According to the Australian explorer’s CEO Dr. David Mestres Ridge the Company has decided to u.... Read more »
Posted on : Friday , 23rd October 2015
Kampala — National Social Security Fund (NSSF) will invest in public infrastructure and small and medium enterprises, managing director Richard Byarugaba has revealed.
Posted on : Friday , 23rd October 2015
The fully fledged institute will be located on the land where the Central Police Station is currently situated.
Posted on : Friday , 23rd October 2015
The African Wildlife Foundation (AWF), through support from Usaid/Uganda Tourism for Biodiversity Programme (T4B), has donated road construction equipment worth $ 1,333,823(about sh4.8b) to Uganda Wildlife Authority (UWA).
Posted on : Friday , 23rd October 2015
The United Nations Food and Agriculture Organisation (FAO) in Tanzania has said it was ready to work with the government in implementing appropriate social protection policies that will help in increasing the agriculture productivity in the country.
Posted on : Friday , 23rd October 2015
President Jakaya Kikwete officially launched a project that will position the University of Dodoma (UDOM) as one of Africa’s leading colleges in renewable energy and sustainability.
Posted on : Friday , 23rd October 2015
The Nairobi Securities Exchange’s main index has lost 31.7% in U.S. dollar terms since the start of the year in response to security concerns, China’s slowing growth, and a brief experiment with a 5% capital gains tax.
The drop makes for a compelling opportunity to purchase shares of the country’s largest investment holding firm.
Prime assets
With a basket of profitable private equity investments and a remarkably consist.... Read more »
Posted on : Friday , 23rd October 2015
South Africa‘s Mediclinic Intl has agreed to buy United Arab Emirates’ Al Noor Hospitals Group for around 1.4 billion pounds ($2.2 billion), gaining the upper hand on rival NMC Health in a tussle for expansion in the fast growing Gulf region.
The deal will double the South African group’s presence in the UAE, further diversifying out of its slow growing home market after a Swiss acquisition in 2007 and the stake it bought in Britain’s Spire Hea.... Read more »
Posted on : Friday , 23rd October 2015
Base Titanium is calling on the government to put in place policy and legislative frameworks that can help attract more international mining companies to come invest in the largely unexplored sector.
Base Titunium General Manager, Joseph Shcwarz says this is the only platform that will see the country unlocking the potential within the sector.
In East Africa, Kenya lags behind Tanzania when it comes to mining industry.
To help improve tid.... Read more »
Posted on : Friday , 23rd October 2015
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