Bamburi Cement company in Kenya has issued a warning that their profits will be substantially lower than the preceeding year signaling a continued slide in the fortunes of the company as this isthe second consecutive year of less than sterling performance. Headwinds Kenya’s cement manufacturers are facing headwinds due to higher power costs and overcapacity in…
Bamburi Cement company in Kenya has issued a warning that their profits will be substantially lower than the preceeding year signaling a continued slide in the fortunes of the company as this isthe second consecutive year of less than sterling performance. Headwinds Kenya’s cement manufacturers are facing headwinds due to higher power costs and overcapacity in…
Angola is set to receive US $51m boost from the British government to build three hospitals and upgrade two power stations in the country. Baroness Northover, the prime minister’s trade envoy for Angola and Zambia confirmed the reports and said the deal will enable to enter a global marketplace and deliver reliable power to millions of people in Angola…
Egypt is set to construct 20 new cities of the fourth generation in bid to improve life quality, increase residential area and absorb population surge in the most populous Arab country. Egyptian Prime Minister Mostapha Madbouly, confirmed the reports and said that the county’s new Urban Communities Authority of the Ministry of Housing will build…
Kenya is set to receive US $300m from Cyrq Energy, an American company specializing in renewable energy production, for the construction 330 MW geothermal power plant in Suswa, Narok County, in south-western Kenya. Nicholas Goodman, President and CEO of Cyrq Energy, confirmed the reports and said that a feasibility study has already been carried out on…
The US $3m Lupane water reticulation system in Zimbabwe is set to be complete by January 2019. This is according to Mr. Chalton Moyo, Lupane Town Secretary who said 84% of the project is already complete, 50% of the pipe in the high density stands has been done and 100% has been done in the low density…
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 on roads projects currently, pointed out that completion of the project, which was earlier slated for…
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 on roads projects currently, pointed out that completion of the project, which was earlier slated for…
The Environmental Social Impact Assessment (Esia) report for the East Africa Crude Oil Pipeline (Eacop) is in the final stages and is set to be completed by next month. This is according to Total East Africa B.V’s social and land manager Jean Lennock, who said the completion and approval of the report will give the green light to start…
The Environmental Social Impact Assessment (Esia) report for the East Africa Crude Oil Pipeline (Eacop) is in the final stages and is set to be completed by next month. This is according to Total East Africa B.V’s social and land manager Jean Lennock, who said the completion and approval of the report will give the green light to start…