N e w s

Two new hospitals to be built in Mozambique at US$ 30m

Two new hospitals are set to be constructed in Sofala Province, Mozambique at a cost of US$ 30m. This follows a Memorandum of Understanding signed between the Dutch, French and Mozambican governments. One of the hospitals will be built in Beira, which is the nation’s capital. It will be a general hospital with a 240 bed capacity. It will be funded by a US$ 15.2m soft loan by the French Development Agency (AFD). This hospital will.... Read more »

Posted on : Tuesday , 30th September 2014

US$ 5.9m upgrade of Kamembe airport in Rwanda to start November

Refurbishment and renovation of Kamembe Airport in Western Province of Rwanda, is set to start off this November. The renovations are set to help decongest the facility and accommodate big aircrafts, according to The Rwanda Civil Aviation Authority (RCAA) communications manager, Tony Barigye. Refurbishment works at the airport will include extension of the current airport runway from 1.5 km to 2.2 km. The runway will also be resurfaced, while.... Read more »

Posted on : Tuesday , 30th September 2014

RIA airport in Liberia to be renovated into a state-of-the-art airport

Liberia Airport Authority (LAA) has, from last week, invited eligible international firms to express their interest in the expansion and renovation of the current Roberts International Airport (RIA), into a state-of-the-art airport facility. This will help handle the number of passengers at the airport, expected to grow to at least 450, 000 in coming years, as projected by LAA. Renovations into a state-of-the-art airport facility will offer.... Read more »

Posted on : Tuesday , 30th September 2014

Housing units worth USD 550m for Tanzania's defense forces to be constructed

Tanzania government has signed a US$ 550m concessional loan agreement with the Chinese Government for construction of 12,000 new housing units for the country’s military. The houses are going to be constructed at various towns and cities in Tanzania. Construction works for the housing project are going to be carried out in two phases, where 6,600 units will be constructed during the initial phase. These units are to be built by 2016 at a.... Read more »

Posted on : Tuesday , 30th September 2014

AfDB loans Burundi US$29.49m for road improvement and asphalting project

The African Development Bank (AfDB) has approved a grant of US$29.49 m to Burundi to carry on with the Phase 1 of the Nyakararo-Mwaro-Gitega Road Improvement and Asphalting Project. This report was issued on Friday last week. Infrastructure improvement works pertains to a 30-kilometre-long Nyakararo-Mwaro-Kibumbu road, an undertaking that will see the country benefit from regional trade. The new Nyakararo-Mwaro-Gitega Road Improvement and.... Read more »

Posted on : Tuesday , 30th September 2014

Angola s liquefied natural gas plant to be reconstructed

 Angola’s liquefied natural gas plant faces a long closure for reconstruction to fix design flaws and corrosion in the new plant. This renovation will result to an addition USD I.07bn to the cost of the whole project.   Some of the investors in the 300km project at the natural gas plant situated in at the Atlantic Coast North of Luanda include Chevron, who is the biggest shareholder; Angolan State Energy Firm, Sonangol; Total;.... Read more »

Posted on : Tuesday , 30th September 2014

Pace of Oil & Gas Exploration in Sub-Saharan Africa Ignites the Market for Automation and Control Solutions

 Capital spending on automation and control systems (ACS) within the sub-Saharan oil and gas industry is set to increase exponentially. The rising focus on process optimisation, discovery of new reserves, and expansion of the regional infrastructure is anticipated to generate fresh opportunities for equipment suppliers.   New analysis from Frost & Sullivan, Automation and Control Solutions in Sub-Saharan Africa's Oil and Gas.... Read more »

Posted on : Tuesday , 30th September 2014

Tanzania eyes industrialised economy to increase development

 The model of the economy envisioned by the National Development Vision will be led by modernised and highly productive agricultural activities which are effectively integrated and supported by industrial and service activities in the rural and urban areas. The Vision 2025 aims at achieving a high quality livelihood for Tanzanians people, attain good governance through the rule of law and develop a strong and competitive.... Read more »

Posted on : Monday , 29th September 2014

Italy to East Africa: We are here to invest and help expand industries

 Italy rarely, if ever, features on the list of countries with a big presence in the East African region. Not anymore. Italy’s Minister of Economy and Finance was in Kigali and spoke to The EastAfrican’s BERNA NAMATA on the renewed interest in the region. There is growing interest from Italy — we recently launched the Italy-African initiative to intensify ties and facilitate economic integration between the Italian.... Read more »

Posted on : Monday , 29th September 2014

EAST AFRICA : Meet the market movers

 The rapid growth of East Africa's 150-million strong population has seen housing stocks come under pressure, prompting construction firms to embark on ambitious projects in a bid to close the deficit.    With GDP up by an average of 5% across the region in 2012, commercial and residential construction is pushing up sales of East Africa's steel products, which range from rebar and wire rod to cold rolled coil, galvanized sheet.... Read more »

Posted on : Monday , 29th September 2014

Australian firm expands foothold in Tanzania

 Significantly, all of the tenements are located within 20 kilometres of the coast, are easily accessible by road, and accessible to port facilities. The acquisition will supplement Gunson’s construction ready Coburn Mineral Sands Project in Western Australia. Adding to the transformation changes, Gunson will gain former managing director of mineral sands behemoth Iluka Resources Mike Folwell as its new chairman to guide the.... Read more »

Posted on : Monday , 29th September 2014

British Firm Wins Africa Oil's Seismic Survey Tender

 A UK registered company, IMC Geophysics Limited, has won the tender put up by Africa Oil to hire a company that will conduct seismic survey in the Ethiopian rift valley near Arba Minch town.   The Canadian oil company, Africa Oil, is under preparation to collect seismic data from the new oil exploration block in southern Ethiopia, around Arba Minch.   Africa Oil acquired the new oil exploration block (Rift Basin block) in.... Read more »

Posted on : Monday , 29th September 2014



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