Market News

East Africa is set to start works on the construction of a US$ 60m hydroelectric power station that will aim at reinforcing the energy sector in the country. The power plant- Kagu 006 hydroelectric plant which is located in Cibitote, five kilometres from Bujumbura town was created under a public an . . .

Shortage of commercial and office space in the City of Kigali could soon reduce following plans to construct a 10-storey building at the site that was previously occupied by the Kigali Business Centre (KBC).   The works on the Rwf17 billion project will start in August, Janviere Mporanyi, the . . .

 Tanzania in conjunction with a Chinese company is set to construct a 2,561 km standard gauge railway at a cost of US$ 7.6bn. The railway line will connect the Dar es Salaam port to land-locked countries and hence enhance the economy of the country.   A Chinese consortium led by China Ra . . .

Ethiopian Airlines’ drive to become a global carrier is to be supported by the construction of a world-class cargo terminal at Addis Ababa Bole International Airport. The $98m terminal, which will be the size of five football grounds, is to be designed by German engineer Unitechnik Group. . . .

NAIROBI - The World Bank's private sector arm, the International Finance Corporation (IFC), on Friday inked a new partnership with Chinese construction and engineering company to develop low-cost houses in three African countries. IFC and CITIC Construction Co., Ltd will set up a joint venture an . . .