African Business News

Ethiopia: Indian Company to Start Marble Mining in Benshangul-Gumuz

An Indian company yesterday concluded agreement that enables it to mine marble in Benshangual-Gumuz State.

Samaka Stones Private Limited Company has reportedly allocated close to 2.9 million USD to commence the production of 131,600 cubic meters of marble annually.

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Kenya tops EA bloc in impact investments

Kenya has become the top regional destination for investors putting money in impact investments that target both social and financial gains, a new study shows.

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Construction of Adada River dam in Nigeria to be completed in 2016

The construction of Adada river dam in Nigeria in Enugu State is expected to be completed and commence operational in July 2016. This was revealed by the Enugu State Governor Ifeanyi Ugwuanyi during his inspection at the dam’s construction site. He added that, his administration is ready and willing to provide the necessary support to ensure the project is delivered as scheduled. The project is being supported by the government through the Ministry of Water Resources.

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Kuwait Funds Construction of Key Road in Tanzania

Tanzanian President Jakaya Mrisho Kikwete has expressed gratitude to Kuwait for its support and expressed hope such backing of its nation would continue.

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