South Africa Avoids Recession With Modest Growth in Second Quarter
The South African economy narrowly dodged recession by growing 0.6% in the second quarter over a year ago, the country's statistics authority said Tuesday.
The latest quarterly assessment of South Africa, the continent's most advanced economy, offered little good news even as growth elsewhere in Africa is accelerating.
Read more: South Africa Avoids Recession With Modest Growth in Second Quarter
Construction boom brightens future for East Africa
It is a ‘boom’ as many people are describing the growth of East Africa Construction industry. Many investors have taken the advantage of the boom by shaking off their pockets to invest in skyscrapers, shopping malls, roads, schools, hospitals etc.
Both private and public sectors are in a hurry trying to satisfy the rising middle class and regional integration, and the E.A. governments still have the high stake in the sector.
Read more: Construction boom brightens future for East Africa
Dangote Cement To Double Production Capacity In 2014
Nigeria’s largest cement manufacturer, Dangote Cement intends to double its production capacity across Africa in 2014 to 40 million metric tons (44.092 million tons), company chief executive Devakumar Edwin, said on Monday.
Devakumar told Reuters in Lagos that 9 million tons would be added to its operations in Nigeria, which would make up a capacity of 29 million tons. The cement producer would also commission plants across the continent that have been in the making for several years. This, according to the him, will add a further 11 million tons.
“The key driver is the increase in volumes,” said Devakumar, who added that although the company has focused on cost control, it has also ensured to focus on volume growth, which has increased profits.
Dangote cement has put expansion plans into works over the past years with plants across Africa, most of which have been under construction.
Read more: Dangote Cement To Double Production Capacity In 2014
Renovation of Moi Stadium In Kisumu is UnderwayRenovation of Moi Stadium In Kisumu is Underway
The contractor hit the ground on Wednesday 9th January 2012 for the facelift of the Moi Stadium in Kisumu to international standards. The project is part of the FIFA Goal Project and is aimed at bringing life to sporting activities in the western Kenya region.
The Ksh. 100 million project is funded by the international football federation Fifa and the Kenyan government through the ministry of Sports. Fifa has contributed Ksh. 50 million which will be used for the laying of the artificial turf while the Ksh.50 million from the Kenyan government will be used to for the refurbishment of the perimeter wall and other renovation works.
The Fifa Goal Project has been given to international contractors Greenfield Sports Turf Systems of the Netherlands. This is after architectural and design work was finalized by the Fifa Goal Project consultant Cyrille Betemps late last year.
