Thursday, November 15, 2018
Egypt has announce to commence construction works on a 28.3ha residential development in its new administrative capital before year-end. Saudi-Egyptian Construction Company (Secon) project developer, through the Chief Executive Officer  Darwish Hasanen,  confirmed the reports and said construction will take four years in three phases. The residential development projects...
Malawi is set to receive US $102m fund for the Lilongwe Water and Sanitation project (LWSP) following an approval from the World Bank to fund the project. LWSP co-task team leader, Mr. Odete Maximpua confirmed the reports and said the fund...
Malawi is set to receive US $102m fund for the Lilongwe Water and Sanitation project (LWSP) following an approval from the World Bank to fund the project. LWSP co-task team leader, Mr. Odete Maximpua confirmed the reports and said the fund...
Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources. The world’s biggest companies from Exxon Mobil Corp. to Royal Dutch Shell Plc and BP...
Tema LNG Terminal Company has signed an agreement with the China Harbour Engineering Company (CHEC) for the construction of a $350 million liquefied natural gas (LNG) terminal in Tema. The LNG Terminal is being constructed on the back of a 12-year...
The first trans-border gas pipeline in East Africa is set for construction. This is after Tanzania and Uganda signed a deal for the construction of a natural gas pipeline at the end of a three-day Joint Permanent Commission Summit held...
Kenya’s President Uhuru Kenyatta signed a US $232m deal with two US companies; the US Overseas Private Investment Corporation (OPIC) and Kipeto Wind Energy Company that will see the construction of and operation of 100MW grid connected wind power plant. According...
Discovery Ltd has agreed to buy banking group FirstRand’s 25.01 percent stake in a financial joint venture for $120 million, paving the way for the South African insurer to launch its own bank later this year. Discovery, which offers health,...
Chinese energy firm TBEA will invest in a 180 million euro ($209 million) hydropower project in Gabon alongside the West African country’s sovereign wealth fund, a Gabonese official said on Saturday. Construction will begin “pretty soon” on the project, which...
President Xi Jinping told African counterparts and business leaders Monday that China’s investments on the continent have “no political strings attached”, even as Beijing is increasingly criticised over its debt-heavy projects abroad. Xi spoke before the start of a two-day...
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