India’s third-largest telecom company Bharti Airtel Ltd said on Tuesday it will raise $750 million (about Rs 5,200 crore) by selling shares of its Africa unit via an initial public offering (IPO) and list them on the London Stock Exchange (LSE). In case of an oversubscription, the company will raise an additional $112.5 million (15%…
Construction works on the modern 14th Gobachop Market in Paynesville, near Monrovia in Liberia on track and progressing well. The market which is being built at cost of US $3.8m is fast leaving foundation level, with other mini buildings including the six compartments of toilet, generator room and bathroom almost completed. Gobachop Market The 14-Gobachop…
Egypt is set to commence construction of US $3.9bn monorail l transport system that will connect the New Administrative Capital (NAC), now under construction, with other major towns. This is after a contractor, Bombardier Transportation, was awarded the lucrative tender to implement the mega project. New monorail system The new monorail system will consist of two…
Egypt is set to commence construction of US $3.9bn monorail l transport system that will connect the New Administrative Capital (NAC), now under construction, with other major towns. This is after a contractor, Bombardier Transportation, was awarded the lucrative tender to implement the mega project. New monorail system The new monorail system will consist of two…
Egypt is set to commence construction of US $3.9bn monorail l transport system that will connect the New Administrative Capital (NAC), now under construction, with other major towns. This is after a contractor, Bombardier Transportation, was awarded the lucrative tender to implement the mega project. New monorail system The new monorail system will consist of two…
Integrated Polytechnic Regional Centre (IPRC-Musanze) in Rwanda is set to undergo a US $16m facelift. Rao Hongwei, the Chinese ambassador to Rwanda performed the ground breaking ceremony. The new campus is part of China-aided project which they have fully financed. Located in the rural part of Bikara Cell in Nkotsi Sector, Musanze District, the complex…
Tanzania and Zambia are set to construct an oil pipeline running from Tanzania’s commercial capital Dar Es Salaam to the Zambian mining city of Ndola at a cost of US $1.5bn. Tanzania Energy Minister Medard Kalemani confirmed the reports and said that the pipeline will be built by both countries to transport refined products between the neighbouring…