Market News

Tanzania on Saturday officially inaugurated a 535-kilometer China funded gas pipeline, reported Xinhua. The pipeline built with a $1.33-billion concessional loan from the Export-Import Bank of China transports natural gas from Tanzania's southern region of Mtwara to Dar es Salaam. Construction st . . .

The construction of new terminal at Kotoka International Airport in Ghana has received a major boost after the African Development Bank (AfDB) announced that it had approved a $120 million corporate loan to finance Ghana Airports Company Limited’s (GACL) capital investment programme. The lo . . .

Tender for the 3 MW in-pipe hydropower scheme in South Africa is set to be issued by Johannesburg city, Johannesburg Executive mayor Parks Tau who first mooted the scheme has announced. Its cost competitiveness is likely to challenge Eskom’s Megaflex tariff. Mr Tau announced the progress . . .

A recently introduced Smart City solution has enabled the Johannesburg Roads Agency (JRA) to develop a complete view of the city’s roads inventory, with over 1.6-million images and 700 000 locations of JRA assets being captured onto the system for tracking, monitoring and management. City of . . .

National Housing Corporation (NHC) has launched a mega housing construction project in Tanzania. The construction project dabbed Morocco Square Towers in Kinondoni District, Dar es Salaam, has been  taunted as the biggest housing project in East and Central Africa. The  Morocco Squar . . .