Friday , 28 April 2017

Category: Construction

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Mauritius: Quantum acquires Mövenpick Ambassador Hotel Accra

Mauritius: Quantum acquires Mövenpick Ambassador Hotel Accra

The transaction which closed on 28 December 2016 marks the most sizable open-market hotel transaction in Sub-Saharan Africa to date QG Africa Hotel LP acquires 100 per cent of exc ...

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ANNABA: Marriott expands footprint in Algeria

ANNABA: Marriott expands footprint in Algeria

Marriott International, Wednesday announced further expansion in Algeria with the opening of its seventh hotel in Algeria, Sheraton Annaba. The company already operates six hotels ...

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Nairobi: Savannah Cement completes plant upgrade

Nairobi: Savannah Cement completes plant upgrade

Local cement manufacturer Savannah Cement has resumed full-scale operations following a major plant overhaul closure over the festive season. The firm, which has traditionally und ...

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KENYA: SEFA grants US$1m to set up innovative community-owned hydropower project

KENYA: SEFA grants US$1m to set up innovative community-owned hydropower project

The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (SEFA) approved a US $992,000-grant to support the preparation of 7.8-MW hydropower project (HPP) in ...

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Uganda: Museveni’s administration bets big on tourism products

Uganda: Museveni’s administration bets big on tourism products

  By Correspondent Ugandan Government could soon increase its offering in the tourism menu and increase its attractiveness to tourists if projects worth UGX 231 Million are f ...

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Kampala: TMEA recognised for generating $97m of surplus trade to Uganda

Kampala: TMEA recognised for generating $97m of surplus trade to Uganda

  By Correspondent TradeMark East Africa was in December recognised for generating $97m of additional trade to Uganda. TMEA has been awarded a Certificate of Special Recognition b ...

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Eveready launches own brand of Dry Cell batteries

Eveready launches own brand of Dry Cell batteries

  Eveready East Africa plc last month (December, 2016) announced the launch of its own brand of dry cell batteries under its brand name TURBO®. In a shareholder announcement, the ...

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ATI optimistic Benin will raise USD15b worth of investments by 2021

ATI optimistic Benin will raise USD15b worth of investments by 2021

In 2013, Benin became the first West African country to join ATI, a pan-African institution that provides political, investment and commercial risk insurance products Benin is a c ...

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Investors flock Scatec to develop Nigeria’s 100MW Nova Scotia Solar Project

Investors flock Scatec to develop Nigeria’s 100MW Nova Scotia Solar Project

By Correspondent With an estimated investment of USD 150 million, a production of 200,000 MWh of electricity per year and 120,000 tons of CO2 emissions avoided annually, the Nova ...

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Chinese firms to put up a USD200m industrial park in EPZ

Chinese firms to put up a USD200m industrial park in EPZ

A multi-billion-shilling industrial park is set to be constructed at Kenya’s Export Processing Zone (EPZ). Two Chinese companies are investing Ksh20 billion ($200 million) in the ...

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