Market News

The Ethiopian Construction Works Corporation has taken its first overseas project as it finalized an agreement to construct an irrigation infrastructure development project in Rwanda.   The Corporation organised a farewell ceremony for supervisors of the 3.6 billion Rwandan franc project, whi . . .

Dar es Salaam Regional Road Board has earmarked 343bn/-for road construction and maintenance projects for the 2016/17 fiscal year, being an additional of 266bn/- in comparison to the previous budget.   Dar es Salaam Regional Commissioner (RC), Mr Saidi Meck Sadiki, said in Dar es Salaam that . . .

Atkins announces the acquisition of Howard Humphreys East Africa Limited Group, a multidisciplinary consultancy based in Kenya and Tanzania, which employs around 200 people. This move marks a significant step for Atkins providing a geographic expansion into the Africa market as a locally-based compa . . .

The number of international hotel chains in the country has grown further this week following the entrance into the local market of Swiss International Hotels.   The international hotel group on Tuesday took over the management of Villa Portofino Hotel, located in Nyarutarama.   The mo . . .

East Africa: Rwanda, Ethiopia Sign Open Skies Agreement.Rwanda and Ethiopia have signed an air service agreement, where the two countries agreed to open their airspace allowing their national carriers to operate without restrictions.   According to the agreement, signed between the Rwanda Civ . . .