Ghana is set to undergo a US$100 million project to construct two new cities over the next decade, according to an announcement from market investment firm Renaissance Group
Construction
Loan to boost Tanzania housing construction plan
The target of building 15,000 housing units in Tanzania by 2015 requires steady investments in the sector. (Image source: Orin Zebest/Flickr)
Tanzanias National Housing Corporation (NHC) has secured credit of TZS 165 billion (US$105.7 million) from a consortium of nine financial firms to help it meet growing housing demands in the East African country
Ugandan government increases road network funding
The Ugandan government has increased its budgetary allocation to the Ministry of Works and Transport from UGX 1.29 billion (US$525,252) to UGX 1.65 billion (US$660,000) in the past financial year in an attempt to improve the country’s road network
High living costs keep people away from Africa’s newest city
Kilamba consists of apartment buildings, schools and retail units. (Image source: Nova Cidade do Kilamba Kiaxi/Facebook)
Africa’s newest city Nova Cidade de Kilamba, built on the outskirts of Angolas capital Luanda, remains largely uninhabited due to high living costs even a year after being built
Zanzibar legislators concerned over delay in airport expansion
A view of the Zanzibar airport, which is set to become one of the best airports in East Africa after the expansion work finishes. (Image source: BBM Explorer/Flickr)
Legislative members of Zanzibar have expressed concern over the delay in expansion of the Zanzibar International Airport