Friday, August 12, 2022
Construction works of Kazungula Bridge in Zambia has stopped after Daewoo Engineering and Construction-in charge of the development shut down the site due to non payment by the Zambian government. Daewoo Engineering explained that the issue has led to an...
Orascom Construction Limited (NASDAQ Dubai: OC; EGX: ORAS) announces that its 50:50 joint venture with FCC Aqualia, a subsidiary of FCC, has signed an engineering, procurement and construction (EPC) contract to build Abu Rawash Wastewater Treatment Plant in Egypt...
Plans are underway to install several small solar power plants with a total production capacity of 2MW in Senegal as part of a project launched by National Electricity Company of Senegal (Senelec), the public company that distributes...
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,...
In Africa, there has been the emergence of an ecosystem built around pension funds. A recent institutional investor study estimated that the ten largest funds in Africa held a combined $310 billion in assets. This has transpired for a number...
Market research and analysis firm Frost & Sullivan have issued the 2018 Global Renewable Energy Outlook revealing that in 2018, renewable power generation capacity will grow by 13.3% and the global renewable investments will reach US $228.3bn this year. The renewable energy...
Nigeria has signed a US $10m deal with United Kingdom-based Iconic City Limited for the  development of a 3.8ha land in Alakia, Ibadan, the Oyo State capital, into a residential housing estate.Group Managing Director and Chief Executive Officer, of Odu’a...
Uganda has announced plans to construct a dry port for its cargo in Naivasha Kenya as part of the joint Standard Gauge Railway (SGR) project push between the two countries. Kenya’s President confirmed the reports and said Kenya will...
Ghana’s Ministry of Works and Housing is set to construct 200,000 housing units in 10 regions across the country next year, in bid to address housing deficit in the country. Samuel Atta Akyea, the Minister for housing confirmed the reports and...
Julius Berger, a construction company in Nigeria has given the Senate committee on work an assurance that Lagos-Ibadan road will be completed by 2021. The company who made the revelations during a meeting with Senator Kabiru Gaya-led Senate committee which also involved inspection...
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