Market News

 Africa has begun the construction of a US$ 246m park dubbed Hawassa Industrial Park; this was confirmed after the signing of an agreement between Ethiopia and China Civil Engineering Corporation(CCECC). The mega development is projected to be complete in the next 9 months with the MH Engineer . . .

 The 19th-century British colonialist Cecil Rhodes' dream of unifying Africa from "Cape to Cairo" was not so far-fetched after all.   Tinged with a dash of déjà vu, this dream was fulfilled yesterday with the launch of the Tripartite Free Trade Area Agreement (TFTA) in Shar . . .

 Kenya and the US have signed a deal that would lead to the development of strategic infrastructure projects.   The memorandum of understanding covers projects related to the Lamu Port South Sudan- Ethiopia Transport (Lapsset) corridor.   During the signing ceremony on Friday, Cab . . .

Continuous growth on the African continent has brought with it a growing need for infrastructure development to meet the requirements of the growing population.   With that said innovation in the construction industry is at the core of development on the continent.   Toby Shapshak, who . . .

Stamigold Company Limited, subsidiary of Tanzania’s State Mining Corporation (STAMICO), announced that it has sold in international markets 12,923 ounces of gold worth USD 15 million, as a result of its first year’s operations at Biharamulo Gold Mine Project located in Kagera Region, Nor . . .