Market News

In September 2nd, Yantai Xinhai Mining Machinery Co., Ltd. and a Tanzania state-owned mine reached cooperative intent, and signed the contract -----"EPCM Mines Service" in Dar Es Salaam the capital of Tanzania. The cooperation ranged over four fields, exploration, mining, ore dressing and smelting. . . .

Eight more companies have signed agreements with government committing to increase production and scale up exports.The companies are in the mining and manufacturing sectors and include Rwanda Plastic Industries, Rwanda Allied Partners, Minimex, Demikaru Ltd, East African Granite Industries and Devel . . .

Lafarge Africa, the Nigerian unit of the French cement maker, Lafarge, is poised to make a cash offer valued at about $122 million to buy-out minority shareholders in its Nigerian business, Ashaka Cement, it emerged on Tuesday.   According to Reuters, the bid comes shortly after the $1.35 bil . . .

East African cement maker ARM Cement has announced an increase in investments across the region as the demand for cement continues to rise. A statement from the company revealed that ARM Cement will complete some pending projects this year, and begin new ones in 2015.   The company, which . . .

Dodoma — THE government, through the Ministry of Foreign Affairs and International Cooperation, is planning to construct an office building and an investment venture in Nairobi, Kenya.   The Deputy Minister in the ministry, Mr Mahadhi Juma Maalimu, told the Parliament that the project i . . .