Market News

THE recent visit by His Highness the Aga Khan has opened up Tanzania to greater investments in the economic and social development of the country.     The current Aga Khan, who has been a friend of Tanzania since before independence is a keen follower and partner in the socio-economic d . . .

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 & . . .

 The Ministry of Works in Tanzania has set aside US$17m for construction of ring roads in Dar es Salaam Tanzania.   The funds are aimed at constructing tarmac ring roads in the city to ease traffic being experienced. The government has already set aside US$1.2m for the installation of ro . . .