African Business News

A major US $350m industrial hub to be constructed in Angola

Angola industry is set to benefit from an industrial hub worth US $350mn to be constructed in the country making it the largest in the country’s southern part, in Lubango. This was noted by the CEO of Silvestre Tulumba e Investmentos (STI) who are the owners of the project.

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Kenya: US$ 25m Kisumu shopping mall almost complete

A US$ 25m shopping mall which is being constructed in Kisumu, Kenya is nearing completion and is projected to be the largest of its kind in the region. It is anticipated to help push up the property value in the area.

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The proposed Calabar Deep Seaport in Nigeria receives US$553.3m financial boost

The proposed Calabar Deep Seaport in Nigeria has received a total amount of US$553.3m from the Broad Spectrum Industrial Services towards the financing of the project.

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Africa’s first high speed train delivered

The first of 12 Alstom Duplex high speed trainsets for national railway ONCF was unloaded at the Port of Tanger on June 29. It had been shipped from the Port of La Pallice near La Rochelle in France onboardVille de Bordeaux, a roll-on roll-off vessel custom-built to carry Airbus A380 aircraft sections.

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