African Business News

Housing in Ethiopia project set for 700,000 condominiums

The Ministry of Urban Development and Housing in Ethiopia says it plans to construct 700,000 condominium houses in Ethiopia to help solve the housing problem currently experienced in the country.

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Kenya Inks U.S.$200 Million Dam Construction Deal At Paris Talks

Kenya has signed a $200 million (Ksh20 billion) financing agreement with the World Bank for the construction of a dam at the ongoing climate talks in Paris.

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JICA boosts construction of roads in Tanzania

Tanzania has signed a US$ 400m loan deal with Japan to boost construction of roads in the country. The road construction in the country is aimed at triggering the growth of business activities.

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Kenya Ports Authority to construct new oil terminal

The Kenya Ports Authority (KPA) says the construction of a new oil terminal in Mombasa will start 2016 in a bid to give way for the relocation of the old Kipevu terminal and help in the expansion of the country’s petroleum handling and storage capacity by about 400% including loading facilities.

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