Indian Export-Import Bank (EXIM) has outlined plans to open up three credit lines worth US$217mn for Mozambique to fund public works and housing projects in the southern African country
Construction
Chinese firm to build tallest trade tower in Kenya
Chinese construction firm Jiangxi International has won a bid for constructing the tallest trade building in Kenya, the National Social Security Fund’s (NSSF) Trade Centre
Lafarge Zambia cuts exports to meet local demands
Lafarge Cement Zambia has cut cement exports by 15 per cent in order to meet the increased local demand triggered by a boom in the local construction industry
PPC acquires Safika Cement
South African cement manufacturer Pretoria Portland Cement (PPC) has entered into an agreement to purchase a controlling stake in Safika Cement Holdings for about US$35.3mn
Algeria to float hotel renovation tender
The government of Algeria will announce the tender for the renovation and rehabilitation of six four and five star hotels in West Algiers as part of a project that has been estimated to cost around US$1bn