Market News

Hilton Hawassa Resort and Spa in Ethiopia is set to join a portfolio of more than 70 Hilton Worldwide properties in Africa with its construction stated for 2020 in Ethiopia. An agreement which was signed by Sunshine Business PLC and Hilton Worldwide has brought the Hawassa project to birth. Se . . .

Tenders for consultancy services and engineering designs for the development of several ports in Tanzania have been advertised by the Tanzania Ports Authority (TPA). The tender entails a request for interest in consultancy services for feasibility studies and preliminary engineering designs for d . . .

The 2-3 bedroom houses to be constructed by Eban Properties will have prices ranging from $75,000 to $100,000. Show houses will be completed by December 2015. The residential development, called The Oxford, is the second to be announced by the project developers this year. In March, Appolonia lau . . .

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, announced today that it has acquired controlling stakes in two North African construction sector businesses. The equity investments in Shoresal and Almes, totaling USD $26.2 milli . . .

Leading cement manufacturer in Africa Dangote Cement is set to commission a new cement plant in Tanzania in October. The 3.0 million metric tonnes per annum cement plant is constructed in Mtwara District. The commissioning of the new cement plant in Tanzania is part of the company’s expansi . . .