Tanzania marked the beginning of construction of Rufiji power plant Rufiji Hydropower Project (RHPP) at Stiegler’s Gorge with President John Magufuli laying the foundation stone. The government officially handed over the area around the 2,115-MW Rufiji hydro project to joint venture contractors Arab Contractors Company and Elsewedy Electric Company. Arab Contractors received a contract to design and construct the…
Initial $155 million investment nine years ago now worth more than $1.24 billion. The value of the 10% investment the California Public Employees’ Retirement System (CalPERS) made in London’s Gatwick Airport nine years ago has skyrocketed, turning an initial $155 million investment into a stake worth more than $1.24 billion. The disclosure came during the…
Initial $155 million investment nine years ago now worth more than $1.24 billion. The value of the 10% investment the California Public Employees’ Retirement System (CalPERS) made in London’s Gatwick Airport nine years ago has skyrocketed, turning an initial $155 million investment into a stake worth more than $1.24 billion. The disclosure came during the…
The construction of US $180 million brewery plant in Mozambique is on track despite the late start of the ambitious project by beverage company Cervejas de Moçambique’s (CDM’s). The late start and constraints saw geotechnical specialist Franki Africa make efforts to ensure partial handover of the foundations and lateral support to allow the main contractor progress…
The establishment of the African Continental Free Trade Area (AfCFTA) is both ambitious and impressive, not the least of which because it created a platform for 53 heads of state across a vast and diverse continent to agree on something. But whether or not it’s a game changer for intraregional trade – or the region’s…
South Africa has unveiled plans for the second Gautrain project. Gautrain CEO Jack van der Merwe, revealed the reports while addressing the Southern African Transport Conference. The CEO said that the agency is set to to construct additional 150km of railway line and another 19 stations to the existing network. Van der Merwe declared that the public-private…
The world’s largest entertainment city which is currently under construction in Al Qidiya, 45 km southwest of Riyadh in Saudi Arabia is set to open to the public in the next 3years. Construction works on this one of a kind structure featuring sports, cultural and recreational facilities begun in April 2018. The project has been…
The world’s largest entertainment city which is currently under construction in Al Qidiya, 45 km southwest of Riyadh in Saudi Arabia is set to open to the public in the next 3years. Construction works on this one of a kind structure featuring sports, cultural and recreational facilities begun in April 2018. The project has been…
The solar photovoltaic (PV) plants are part of the Scaling Solar initiative in Senegal, conducted jointly by the Senegalese authorities and International Finance Corporation (IFC) PARIS, France, July 19, 2019/ — ENGIE (www.ENGIE.com) and partners Meridiam and FONSIS have signed the EPC, Operation & Maintenance and Finance contracts for two solar PV projects of 60…
The solar photovoltaic (PV) plants are part of the Scaling Solar initiative in Senegal, conducted jointly by the Senegalese authorities and International Finance Corporation (IFC) PARIS, France, July 19, 2019/ — ENGIE (www.ENGIE.com) and partners Meridiam and FONSIS have signed the EPC, Operation & Maintenance and Finance contracts for two solar PV projects of 60…