Rising housing demand in Africa has attracted US investments in the sector for the construction of low-cost units in Rwanda
Construction
Nairobi’s elevated highway project design released
The elevated highway project is expected start in January 2013 and be functional by 2015. (Image source: Tsuna72/Flickr)
The design of the World Bank-financed elevated highway project in Nairobi has been made public
Cat sells southern African distribution arm for US$115 million
Caterpillar will sell its southern Africa distribution arm to brand management firm Barloworld. (Image source: Caterpillar)
Caterpillar has agreed to sell its distribution business in South Africa and Botswana for US$115 million, according to newswire MarketWatch
Housing demand in East Africa hits five million units
Rising populations and a vibrant middle class have forced four East African states to face up to the challenge of constructing at least five million housing units in order to meet soaring demands
Concrete growth for cement firm Lafarge
Cement producer Lafarge has reported a five per cent year-on-year rise in 2012 first quarter sales to US$4.4 billion as higher prices offset rising costs and demand from emerging markets increased