Kinross is going ahead with expansion of its Tasiast gold mine in Mauritania
Kinross Gold announced Wednesday it has decided to proceed with the first stage of an expansion of its troubled Tasiast gold mine in Mauritania, which will dramatically increase production and slash costs at project.
The Canadian miner will spend about US$300 million to boost the mills capacity from the current 8,000 tonnes of ore per day to 12,000.
Centum plans to construct exclusive city in Kilifi County, Kenya
The construction of an exclusive city in Kilifi County at the Kenyan Coast is set to commence; this is according to NSE-listed investment company, Centum which is the company behind the mega project. The city will sit on a 9,500 acre piece of land.
Outlook for construction industry in Africa
There is no doubt that construction industry in Africa is on a steady rise.Many contractors and investors have been keenly looking into ways of getting a share of the lucrative market.
According to recent research conducted by Deloitte many investors have been keenly putting their capital into the African market and the sweet part is they are ripping big from their investments.
Meru County Looking for Sh1.6 Billion to Build an 18-Storey Tower
Meru County Investment and Development Corporation (MCIDC) is seeking to raise Sh1.6 billion to build an 18 storey multi-use commercial building in the town.
