Market News

THE projected cost of constructing the B1 dual carriageway between Windhoek and Okahandja has increased by N$95 million due to changes to the design.   The road will now have two full lanes on both sides running side-by-side once the project is completed, thereby scrapping the initial converg . . .

The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company of Nigeria (SPDC) last Friday performed the ground breaking of a mini industrial park to boost Nigerian Content goals.   The event took place in Port Harcourt, Rivers State and featured three . . .

Tatu City has sealed a Sh400 million deal with international infrastructure firm Sinohydro to lay out basic infrastructure that will supplement the first phase of the project.   The Chinese engineering firm will set up infrastructure for water, sewerage and temporary road works for Tatu City' . . .

The fate of Kudu Power construction Project in Namibia will be known in mid 2016, Managing Director of National Petroleum Corporation of Namibia (Namcor), Immanuel Mulunga has announced. Since the stalling of the project, cost has doubled up to about US $2.3bn and it will entail the transfer of g . . .

China Road and Bridge Corporation has said it will buy some Sh330 million worth of steel from Kenyan manufacturers for constructing the Standard Gauge Railway line. CRBC yesterday said it has already received bids for the supply of the steel from six manufacturers. The planned purchase of more tha . . .