Yanga, Chinese Firm Sign Stadium Construction Deal
MAINLAND soccer giants, Yanga, have signed an initial agreement with Chinese firm, Beijing Construction Engineering Group, for the construction of the former’s Kaunda Stadium.
The agreement was reached by Yanga Chairman, Yusuf Manji, and the firm’s General Manager, David Zhang, at the club’s headquarters
Zimbabwe: Mining to Boost Economic Growth
THE mining sector, which is expected to grow by 17 percent next year, will anchor the projected five percent economic growth for 2013. According to Finance Minister Tendai Biti the higher production levels of primary commodities had been supported by a strong external demand. He said at the moment, the country was unable to fully exploit benefits of high international prices to boost exports because of low investment into the sector.
However, he said, the expected resumption of production of nickel and asbestos in 2013 and the anticipated recovery of mineral prices with ongoing investment in the sector will see growth rebound to 17,1 percent.
African Development Bank funds road infrastructure in Tanzania
The African Development Bank (AfDB) has decided to increase funding for the East African Road Network in Tanzania by $100 million (160 billion shillings) in the 2012-2013 fiscal year in an effort to boost the regional economy.
AfDB’s resident representative in Tanzania Tonia Kandiero announced the increase this month at a foundation stone ceremony for a 223-kilometre tarmac road linking Singida, Babati and Minjingu.
Uganda: Govt Set to Revive Copper Mining
Kasese – The government has unveiled plans to revive copper mining in the Kilembe Mines found in western Uganda which ceased production in early 1982.
According to the Public Relations Officer in the Privatization Unit Mr. Jim Mugunga the government is calling for interested companies to apply for the concession under the Public Private Partnership.
