Market News

 Electricity construction project in Sudan has received a boost after  a US$ 200m contract was signed with the East Sudan Development Fund and the companies which won the implementation tender that will be used in the generation of electricity in East Sudan region.   First Vice-Pres . . .

 The constructed 650MW gas power plant in Egypt has started going online in just 159 days after its ground breaking ceremony.   The gas power plant in Egypt that recently completed its construction is the  first fast-track natural gas–fired project as it was being carried by t . . .

A boom in construction and foreign exchange gains has helped Bamburi Cement’s net profit almost double for the six months to June. The cement manufacturer reported an 86 per cent leap in net profits to Sh3 billion, with the management projecting an even better second half.   The company . . .

 A 600,000 tonne capacity Cimerwa Cement plant has been inaugurated in Rwanda at the cost of US$170mn cement  The plant has been built in the Muganza sector of the Rusizi district in western Rwanda. With the current cement demand being 450,000 tonnes annually, the new plant is expected . . .

 The Federal Republic of Germany is planning to help Tanzania to construct the Southern Serengeti bypass Road.   President Jakaya Kikwete renewed his support for Serengeti bybass road through the northern portion of the park to link Mto wa Mbu, southeast of Ngorongoro Crater, and Musoma . . .