Africaâ€™s Power & Energy Exhibition & Conference is announced as market continues to attract investment
Africa has experienced massive internal growth in major areas within the last 20 years which have contributed greatly to investorsâ€™ assets and one area in particular is in particularly high demand and continuously predicting huge returns â€“ the energy market.
It has already had an impact in creating greater well-being to the people of Africa whilst boosting profits for shareholders involved. Due to this massive interest in the African power sector which includes the UNâ€™s 2014 â€˜Sustainable Energy for Allâ€™ programme and highlights Africa as one of the main areas of focus, EXPOGROUP is organizing The 5th Power & Energy Exhibition & Conference 2016 from the 10th to the 12th of June, 2016 at Kenya's prime international venue;The Dome in Nairobi and the 2nd edition from the 07th to the 09th of July 2016 at Tanzaniaâ€™s international venue; the Mlimani Conference Centre in Dar-es-Salaam.
A new recreation park in Ghana that will cost US$ 1.2bn is set for construction this is after the sod cutting ceremony was done to mark the beginning of the development project.
The park dubbed Accra Eco Park will be constructed in phases scheduled for completion in the next five and seven years, however, the first phase is projected to be completed in the next 24 months.
Novare Lekki Mall which is a US$ 92m shopping centre and expected to be the largest mall in Lagos is set to be commissioned, Novare Group the real estate firm behind the mall has announced.
Chairman of Novare group, Professor Fabian Ajogwu SAN confirmed the reports and said the Novare Lekki Mall was initiated by foreign direct investment FDI and funded by a mixture of equity and debt financing.
Kenyaâ€™s paper maker Pan Paper Mill factory will now reopen in mid September, General Manager Y. V Choudray has confirmed. The paper factory located in the western part of Kenya has been facing challenges in acquiring new machinery and upgrading thus pushing back the re-opening date.
Mr Choudray added that the revamped paper mill was undergoing a few tests before being commissioned in September this year.
A housing materials plant worth US$ 98.7m is set to be constructed in Kenya by a Chinese firm- China Wu Yi and will be completed in June next year.
The new plant will be developed in Athi River and will manufacture precast materials that are expected to be sold to other construction firms in the region.
Nigeriaâ€™s Minister of Power, Works and Housing, Babatunde Fashola, is set to officially launch the distribution of 50,000 free prepaid meters to consumers of Kaduna Electric Distribution Company (KAEDCO) in Sokoto. Eng. Garba Haruna, KAEDCO Managing Director announced.
Two Rivers Mall in Kenya is projected to be opened next month after additional time was used to expand it following the immense demand it received from other retailers.
The mega mall being developed by Centum was initially supposed to occupy 1.2m square feet of land but has currently been increased to 1.7m space of land.