Construction & Mining
ArcelorMittal to sell stake in South Africa’s Kalagadi Manganese
- Details
ArcelorMittal will sell its 50 per cent stake in South African manganese explorer Kalagadi Manganese for US$447mn in an attempt to sell non-core assets to pay down debt
AfDB to increase funds for Tanzania road project
- Details
The African Development Bank (AfDB) has said it will increase fund for roads construction projects in Tanzania from US$550mn to US$650mn by the end of 2012
Nigeria registers low cement consumption rate
- Details
The Nigerian cement industry has fallen behind its peers in the continent due to a low per capita consumption rate
Uganda government starts construction of US$476 million highway
- Details
Construction of the four-lane Kampala-Entebbe Expressway, which will link Kampala to Entebbe Airport, has started after it was commissioned early last week
Zimbabwe government to pump US$50 million into Marange diamond fields
- Details
The Zimbabwe government has revealed plans to pump US$50mn into the Marange fields of Diamond Mining Corporation (DMC)
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