Market News

The African Development Bank (AfDB) has approved a grant of US$29.49 m to Burundi to carry on with the Phase 1 of the Nyakararo-Mwaro-Gitega Road Improvement and Asphalting Project. This report was issued on Friday last week. Infrastructure improvement works pertains to a 30-kilometre-long Nyakarar . . .

  The overall infrastructure spending in the sub-Saharan region is projected to grow by 10 per cent a year over the next decade and will exceed US$180bn by 2025, a new report by PricewaterhouseCoopers (PWC) reveals Nigeria and South Africa dominate the infrastructure market, but other countri . . .

Rwanda is putting up a landmark conference centre as part of its plans to reap from conference tourism. Kigali Conference Centre, a dome-like construction being built mainly using steel, will have a seating capacity of 2,600. According to Frank Murangwa, the Meetings Incentive Conference and Events . . .

Jakarta (ANTARA News) - Indonesia pays more and more attention to Sub-Saharan Africa as promising emerging markets in the next decades. At a roundtable discussion on opportunities for investment and trade cooperation in construction services and products in Sub-Saharan Africa held recently by the . . .

Formal agreements for plans to build a new railway line in East Africa with Chinese help have been signed in the Kenyan capital, Nairobi. It is to run from Mombasa to Nairobi and will extend eventually to Uganda, Rwanda, Burundi and South Sudan. In Kenya, the line is to replace a narrow-gauge trac . . .