African Business News

Work on Ethiopia mega-dam proceeding 24/7

Construction work is proceeding around the clock on Ethiopia's multibillion-dollar Grand Renaissance Dam project in hopes of completing the mega-project on schedule, an Ethiopian official said Wednesday.
"We're proceeding as per the construction timeline," Simegnew Bekele, the project's chief engineer, told foreign reporters visiting the construction site.

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Dangote Cement Raises the Bar in Africa

Recently, a young lady from Athens, Greece, Virginia Komar, a widely traveled business executive, who was visiting Nigeria and Africa for the first time told this reporter how shocked she was that what she considered the real Nigerian story was never really told. She was seeking a good reason why this was so from me because she thought that as a journalist, I should be in the best position to resolve her puzzle.

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Nigeria’s Unicem Invests $510m In New Cement Line

United Cement Company of Nigeria Limted (UNICEM), the country’s third largest cement manufacturer, has kicked off investment to develop a 2.5 million metric tons cement line, as it aims to double its existing 5 million tons capacity by 2016.

Construction of the cement line, which is estimated to cost N84 billion ($510.1 million), has already been awarded to Sinoma Group, a Chinese firm known globally for handling cement line projects.

With economic growth of over 6 percent driving roll out of infrastructural projects, demand for building materials, particularly cement, has increased.

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Cassava World Africa in Lusaka, Zooms in on Commercial Opportunities

CMT’s inaugural Cassava World Africa opens in Lusaka, Zambia on 20-21 March 2014 to showcase the transformation of cassava from a staple food to a commercial crop used in production of flour, beer, feed, starch and as source for bioenergy.
His Excellency Honorable Robert K.K. Sichinga, MP & Minister, Ministry of Agriculture and Livestock, Zambia will inaugurate Cassava World Africa conference that will unveil opportunities and challenges in ‘Transforming

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