Market News

THE Mombasa government has set aside Sh165 million to improve transport and infrastructure in Mombasa town. Eight projects have started. Governor Hassan Joho said the projects include reconstruction of existing roads, creating new ones and improving the city's drainage system.     Bridg . . .

 Nairobi — More than 2,400 Kenyans have already been hired for the construction of the Standard Gauge Railway (SGR).   Assistant President of China Communications and Construction Company Wen Gang says they also intend to sub-contract about 40 percent of the project to local compan . . .

Dangote Cement Plc plans to expand its cement production plants to Africa, Middle East and Latin American countries. The company hopes that it will, through the planned investment, rank among the top ten global cement manufacturers and also help Nigeria to earn foreign exchange.   According t . . .

Nigeria’s Cross River State has signed a $17 million contract for the construction of Ogoja Water scheme with a Chinese firm CGC.The State Commissioner for Water Resources, Mr. Etowa Elemi, signed the contract on behalf of the state government while the Managing Director of CGC Nigeria Limited . . .

Louis Berger, a $1 billion global professional services corporation, has recently signed a five-year project management contract financed by local funds for the construction of the first segment of the Yaoundé-Douala highway in Cameroon. The total construction value of the project is almost & . . .