African Business News

Construction of Standard Gauge Railway to start next month

An artistic Impression of the Standard Gauge Railway project, whose construction is to start in October. The construction of the Standard Gauge Railway (SGR) has started to take shape after the contractors put up a mobilisation site in Mariakani. Principal Secretaries in the MInistry of Transport and Infrastructure Eng John Mosonik (infrastructure) and Nduva Muli (transport) led a government delegation to inspect the facility at Ngwasheni, Mariakani, 30 kilometres from Mombasa.

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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.

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BASF opens new production plant in Kenya

The BASF Group, one of the largest chemical companies in the world, has opened a new production plant for concrete admixtures in Kenya as it seeks to position itself for the ongoing infrastructure projects in the country.

The company offers chemical solutions for new construction, maintenance, repair and renovation of structures among them concrete admixtures, and cement additives.

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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.

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