Private equity firm Actis has launched construction work on the second phase of the Nairobi Business Park
Construction
Sephaku Cement enters debt funding agreement with Standard Bank and Nedbank
The agreement would enable Sephaku to become a significant competitor in the South African cement market. (Image source: Sephaku)
South African cement firm Sephaku Cement has signed a US$222mn domestic debt funding agreement with Standard Bank and Nedbank to help fund its US$390mn cement plant and clinker plant project
South Africa’s Sephaku Cement gains US$222 million funding
Sephaku Cement is a subsidiary of Nigerias Dangote Cement. (Image source: Dangote Cement)
Sephaku Cement, a subsidiary of Dangote Cement, has secured US$222mn of domestic debt funding for its $390mn cement and clinker plant projects in South Africa
Dangote Cement to enter Tanzania
Nigeria-based Dangote Cement has announced it plans to set up a manufacturing plant in Tanzania
AfDB to increase funds for Tanzania road project
AfDB is in the final stages of processing the financing for the Arusha-Holili/Taveta-Voi Corridor in Tanzania. (Image source: cogdogblog/Flickr)
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