African Business News

Construction of terminal III at Julius Nyerere airport in top gear

Construction of a third airport terminal at the Julius Nyerere International Airport will be completed on time; Tanzania Airports Authority (TAA) has said. The airport terminal project, which is expected to improve the quality of air transport in the region, is set for completion in 2017.

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491 km railway line connecting Ethiopia to Sudan launched

The foundation of a 491km railway in Ethiopia has been finally laid down by the Prime Minister HaileMariam Desalegn, this initiative will tremendously assist the local farmers transport their products to neighbouring markets and also see the nation easily link to South Sudan.

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Kenya construction and infrastructure sector to grow by 9% this year, says Business Monitor International

The Kenya construction and infrastructure sector is anticipating a growth of 9% year-on-year in 2015 according to Kenya Infrastructure Report Q3 2015 released this month by Business Monitor International. The growth in the sector is expected to remain over a 10-year forecast period to 2024.

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US$ 14.5m lubricant factory to be built by Kenol Kobil

Kenya’s third largest oil marketer, Kenol Kobil is planning to develop a mega lubricant factory in Mombasa which is stipulated to cost US$ 14.5m.

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