Brics’ New Development Bank approves six project loans totalling $1.6bn
Multilateral development bank, the New Development Bank (NDB), on Monday held its third yearly meeting of the NDB board of […]
development
Infrastructure development a key driver of South African economy
Infrastructure development is a key driver of South Africa’s growth prospects, with rail and water infrastructure focal areas.
US $71m development will house 45 000 in South Africa
Plans are in motion for a US $71m integrated housing development on the outskirts of Eastern Cape’s Despatch that will provide […]
Over R650m redirected to metros infrastructure development
In response to rapid urbanisation, the forum of Minister and MECs of Human Settlements (MINMEC) has taken a decision to […]
Kenya: Chinese firm to construct industrial park
An industrial park in Kenya is set to be constructed in Movoko, Machakos County by a Chinese Company, Erdemann Property Ltd (EPL). […]
Atterbury’s Pemba Shopping development in Mozambique opens
Atterbury has successfully completed the first-phase development of the USD20 million Pemba Shopping in Mozambique’s port city of Pemba, the […]
Kenya: Japan lends Sh11.8 billion for Mombasa Port, South Coast link roads
By Margaret Njugunah The government of Kenya has received a Sh11.8 billion loan from the Japanese Government to fund the […]
Kenya: ground broken on $145.4m real estate development
Cytonn Investment, a real estate developer based in Kenya recently broke ground on its mixed-use project in Kiambu County’s Ruiru district. […]
Accelerating Innovative Finance, Development & Renewable Solutions for Smart Cities in Africa
The 3rd annual edition of the Urban & Infrastructure Development Conference (UIDC 2017) provides a powerful platform to unlock the […]
Breathing new life into Windhoek’s CBD
Upmarket development in Windhoek’s central business district (CBD) is on the rise and has boosted the revival of this inner-city […]
MEC Vadi frustrated with slow pace of BRT, aerotropolis developments
Gauteng Transport MEC Dr Ismail Vadi has expressed his concern with the slow pace of development of bus rapid transit (BRT) systems in Gauteng, as well […]
JRA spends R14.4m on bridge joints
The Johannesburg Roads Agency (JRA) has, over the last year, invested R14.4-million in the replacement of 42 bridge expansion joints on 16 […]
Zimbabwe bank sets aside US$30m for housing development
Zimbabwe bank-Infrastructure Development Bank (IDBZ) has set aside $30m to cater for housing development across the country. Last year, their request […]
Balwin’s operational excellence delivers solid results
Revenue rose 30% to R2,7 billion Profit after tax up 18% to R661 million HEPS and EPS up 7% each […]
Africa more costly than any other region for developing infrastructure projects
The Benchmark for Investing in African Infrastructure Project Development (I4PD Benchmark) said the risk premium attached to African projects was significantly higher than that of […]
IDT to spend R5-bn on infrastructure development and create thousands of jobs
The Independent Development Trust (IDT) has committed to spending R5-billion during the 2017/18 financial year on development of social infrastructure […]
Private investment key to Gauteng infrastructure development
If Gauteng wants to achieve its objective of becoming a global city region, government must partner with the private sector to deliver infrastructure, […]
South Africa seeks to appeal court ruling on nuclear deal
South Africa’s Department of Energy may appeal the High Court’s judgment on the planned nuclear deal declaring the 2014 agreement with Russia’s […]
AfDB to review development of Senegalese power plant after complaints
The African Development Bank (AfDB) will review compliance eligibility at the €206-million, 125 MW Sendou coal-fired power plant project in Senegal, following several community complaints. Two […]
Cape Town park earmarked for housing, work development
Plans are under way to develop 120 ha of the 240 ha Two Rivers Urban Park (TRUP), in Cape Town, into […]
Ohorongo Cement partners with Rent-A-Drum to use RDF
Namibia’s Minister of Environment and Tourism, Hon. Pohamba Shifeta, has inaugurated the country’s first Refuse Derived Fuel (RDF) processing plant […]
Cape Town to host the 24th FIDIC-GAMA Conference
Consulting Engineers South Africa is hosting the 24th FIDIC-GAMA 2017 Conference in South Africa, at the Cape Town International Convention […]
Cameroon inks deal to construct US$1.5b hydropower project
The Republic of Cameroon, emerging markets energy developer Joule Africa and Energy of Cameroon (ENEO) have signed an agreement to develop the US$1.5 bn […]
UK government report slams St Helena airport development
The UK’s Department for International Development (DFID) has spent £285.5-million of British taxpayers’ money on building an airport in St Helena that is not usable by commercial airlines.
Turkey’s Limak sees big future in Africa
Ebru Ozdemir, chair of Limak Investment — an investment arm of Limak Group Companies — said the firm would like […]
Transfer delays impact on Balwin’s otherwise solid H1 performance
Three property registration delays have impacted on Balwin Properties’ otherwise glowing half-year results, according to the residential property developer, which saw a 36% decline in headline earnings a share and earnings a share to 37c respectively in the six months to August 31.
Bridge City development to offer small business incubation
Part of agriculture and agroprocessing group Tongaat Hulett and the eThekwini municipality’s Bridge City mixed-use development is being earmarked for small business incubators, with the integrated rapid public transport network set to benefit existing and emerging businesses.
Menlyn Maine Central Square opens
Engineering News – Gauteng Premier David Makhura on Wednesday opened the Menlyn MaineCentral Square, in Pretoria, calling it a “very important development” for Gauteng. Speaking […]
Dubai announces Jumeirah Central as the new mega-development
The latest Dubai mega-development is to be a 47 million square foot mixed – use district called Jumeirah Central with […]
Japan finances $270m industrial hub for Kenya
Kenya has secured nearly $270m from Japan to build a new industrial and commercial hub near the port of Mombasa. […]
Sika committed to global sustainable development
Sika’s Sustainability Strategy 2014–2018 is producing a positive outcome. In the first two years of the strategy, Sika has exceeded […]
R 950 million Springs Mall on schedule to open in March 2017
Construction of the R950-million Springs Mall at the Blue Crane Eco Park development, in Gauteng, is well under way, with the 48 000-m2 regional […]
Basil Read strengthens focus on integrated housing development sector
According to Engineering News, Basil Read will be focusing on the integrated housing development sector to drive future growth and strengthen its […]
Basil Read strengthens focus on integrated housing development sector
According to Engineering News, Basil Read will be focusing on the integrated housing development sector to drive future growth and strengthen its […]
Bridge City development nears completion
The end vision of agriculture and agro-processing group Tongaat Hulett and the eThekwini municipality’s Bridge Citymixed-use development, a JV public–private partnership north of Durban, is coming together, with […]
The symbolic African passport ‘launched’ at AU summit
Outgoing African Union Commission chairperson Nkosazana Dlamini-Zuma in her last opening speech at the AU’s heads of state
National Treasury seeks new ideas for development projects
The level of government subsidies for development programmes was not sustainable and alternative sources of funding needed to be found, Finance Minister Pravin […]
Global infrastructure will grow by 5% over next four years
Analysis released by global consulting firm PwC predicts that global spending on capital projects and infrastructure (CP&I) will grow by 5% a year within four years, doubling the […]
Namibian highways to get major road construction upgrade
Two frequently used roads between Walvis Bay and Swakopmund – the B2 highway and the MR44 behind the dunes – […]
“The time is ripe to invest in Africa”
The time is ripe to invest in Africa and Canadian investors should look for long-term opportunities on the continent
$70 billion to be invested in African infrastructure development
Some $70-billion would head to African shores over the next seven years for infrastructure development as a Chinese development fund […]
Better collaboration needed for African countries on infrastructure opportunities
Infrastructure sharing can greatly assist in developing African countries and can also save billions of dollars in costs, African Union […]
Drought in Namibia may cost 40 000 jobs in construction and infrastructure sectors
Up to 400 000 dependants may be affected in the event that major construction projects around Windhoek are halted as a […]
New approach needed to address African infrastructure gap
An alternative approach to infrastructure project development in Africa would be needed to address the significant infrastructure gap on the […]
Eni to invest €20bn euros in Africa in next four years
Italy’s Eni plans to invest about €20-billion ($22.5-billion) in Africa over the next four years, mostly in oil and gas, […]
Commodity shock knocks Africa’s growth prospects – World Bank
The World Bank has lowered its 2016 growth forecast for Africa to 3.3%, from 4.2%, after the continent expanded by […]
Africa Rising to roll out R1,6 billion in developments in five years
Africa Rising, a Durban-based independent property development company, specialises in project development, project management and real estate sales. The company […]
China: strategic partner in African development
A new wave of Chinese investments is sweeping across the globe and Africa can expect Chinese investments to increase to $100 billion by 2020
Sapoa, National Treasury work together on improving South Africa’s spatial development
The South African Property Owners Association (Sapoa) and the National Treasury have signed a memorandum of understanding (MoU) to focus […]
AFC appoints new chief risk officer
Development finance company Africa Finance Corporation (AFC) has appointed David Johnson as chief risk officer. He will succeed Roger Ellender, […]
AshakaCem commits to new developmental projects
AshakaCem Plc has committed over N150 million to developmental projects in thirteen communities around its operations in Gombe State-Ashaka cement […]
Rwanda: partnering for sustainable development
A deposit of limestone discovered at a hot spring in Rusizi District, Bugarama – a small town in southwestern Rwanda […]
China, Africa relations aligned to development goals
The relationship between China and Africa is based on more than just trade – it is a partnership that is […]
Wescape Project to revolutionise job creation
Concrete.TV recently spoke to Alistair Rendall, Managing Director, ARG Design-CommuniTgrow about the new future development of the Wescape project taking place […]
Major plans for East African power lines in three years
Power lines connecting the east African states of Tanzania, Uganda, Rwanda, Kenya and Ethiopia are expected to be completed within […]
Kenyan government approves plans to improve infrastructure in Nairobi
The National Treasury in Kenya has approved plans for a road and railway master project aimed at decongesting Nairobi. The […]
Tongaat Hulett Developments releases land at Sibaya
Having identified the growing demand for sought after new coastal developments Tongaat Hulett Developments has released the first parcels of […]
SA requires over 49,000 SMEs to generate 11m jobs
To meet the National Development Plan (NDP) target of creating 11-million jobs by 2030, South Africa needs over 49,000 SMEs […]
Major growth rate in Kenyan demand and output
Kenya’s National Bureau of Statistics Data shows cement production stood at 5.88Mt in 2014, up 16.27% from the 5.05Mt recorded […]
China to finance a new stadium in Ivory Coast
China has announced it will finance construction of a 60,000 capacity stadium in Ivory Coast in readiness for the 2021 […]
Apple’s new complex the ‘greenest building on the planet’?
Many companies claim to be the greenest office buildings. In honor of Earth Day, Fortune researched and found these 7 […]
Africa still crucial for South African economy
Economic Development Minister Ebrahim Patel has told factory workers that the continent is vital for the country’s economy. “We sell […]
V&A Waterfront set to invest R380m in new hotel
The V&A Waterfront, in Cape Town, will invest R380-million in the construction of a new Radisson Red hotel, in its […]
South Africa a ‘favourable investment destination’
Global investment banking, securities and investment management firm Goldman Sachs is bullish on South Africa, which it regards as a […]
Improved trade relations ‘critical’ for emerging Africa
At the International Conference on the Emergence of Africa, Steve Kayizzi-Mugerwa, Acting Chief Economist and Vice President of the African […]
Survey shows growing importance of Nigeria
A survey of 206 African business executives shows that the revenue and profit contribution from the continent is expected to […]
Provinces ordered to accelerate NDP delivery
President Jacob Zuma says the country’s provinces and municipalities must do much more to implement the National Development Plan (NDP). […]
Gauteng allocates R10bn for development corridors
The Gauteng government has set aside R10-billion of its R95.3-billion 2015/16 budget to fund its five development corridors across the […]
R274bn earmarked for infrastructure development in 2015/16
Prioritising spending on “economic” infrastructure such as roads and transport, electricity, and water and sanitation, the 2015 National Budget has […]
South African economy grew 1.5% in 2014
South Africa’s gross domestic product (GDP) grew by a meagre 1.5% in 2014, lower than the 2.2% growth of 2013 […]
South African business welcomes SONA
The South African Chamber of Commerce and Industry (Sacci) has welcomed the positive tone of the State of Nation Address […]
AU adopts 48-year African development plan
Supporting a development approach aimed at achieving Africa’s socioeconomic transformation by 2063, the African Union (AU) has officially adopted Africa’s […]
‘Private sector key to roll-out of priority infrastructure projects’
South Africa’s Finance Minister Nhlanhla Nene has emphasised the role of the private sector in delivering the 51 Programme for […]
African infrastructure development gains momentum
Infrastructure development on the continent has gained momentum, with a special office to be set up soon to champion this […]
African infrastructure development gains momentum
Infrastructure development on the continent has gained momentum, with a special office to be set up soon to champion this […]
AFDB pledges support for bridge construction
The Africa Development Bank (AfDB) has pledged to work closely with the governments of Botswana and Zambia to accelerate the […]
Corruption mitigation framework for next LHWP phase
Significant preparatory work and construction have begun on Phase 2 of the Lesotho Highlands Water Project (LHWP), with a panel […]
Corruption mitigation framework for next LHWP phase
Significant preparatory work and construction have begun on Phase 2 of the Lesotho Highlands Water Project (LHWP), with a panel […]
Corruption mitigation framework for next LHWP phase
Significant preparatory work and construction have begun on Phase 2 of the Lesotho Highlands Water Project (LHWP), with a panel […]
