Market News

US$ 20m has been set aside for the servicing of Ramada Encore Hotel in Tanzania under Ramada Worldwide,  Managing Director Abdul Ismail has announced. Mr Ismail said the decision to service the Ramada Encore Hotel in Tanzania was informed by the need to increase hotel rooms in Dar es Salaam . . .

  Ghana has begun the construction of what it says will be the largest gas-fired power plant in sub-Saharan Africa to take advantage of the country’s rich reserves of natural gas. The gas power plant in Ghana, developed by Cummins Cogeneration Limited and WUTA Energy, will generate 30 . . .

Pretoria — KwaDukuza Municipality and Group Five have reached a power deal that will see construction activities resume at Avon Peaking power plant outside Shakaskraal, in KwaZulu-Natal's north coast.   This follows the dismissal of about 1 500 construction workers after going on an unp . . .

Chinese firm Avic International has been awarded a contract to construct 2, 350 houses in Zambia for police officers at the cost of US $320m. President Edgar Lungu indicated optimism for the project during the ground breaking ceremony for the construction of the first 48 houses in Zambia capital . . .

Algiers — An agreement was signed, Thursday, between Algeria and China for the construction of a cultural and entertainment complex for youth in the municipality of Baraki (Algiers).   The signing ceremony took place in the presence of the minister of Housing, Urban Planning and the Cit . . .