African Business News

Construction of superhighway linking JKlA to Nairobi-Nakuru highway to cost US $583.9m

Construction work on the superhighway linking the Jomo Kenyatta International Airport (JKIA) to the Nairobi-Nakuru highway is calculated to cost US $583.9m or US $207.8m more than earlier planned. Authorities have attributed the cost change to change in project design.

Earlier, the Kenya National Highways Authority (KeNHA) had dropped the planned construction of an elevated highway over the entire 43.5km stretch to Rironi in favour of flyovers and underpasses on certain sections of the road.

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Medexpo Returns to Kenya for its 21st Edition

The Healthcare market in East Africa continues to go from strength to strength. This year Expogroup Worlwide returns to East Africa with 3 new editions of Medexpo in three of Africa’s fastest growing and most-prosperous economies;
MEDEXPO KENYA: 04th - 06th Sept., 2018 - Kenyatta International Conference Centre, Nairobi, Kenya
MEDEXPO TANZANIA: 25th - 27th Oct., 2018 - Mlimani City Conference Centre, Dar es Salaam, Tanzania
MEDEXPO ETHIOPIA: 15th - 17th Nov., 2018 - Millenium Hall, Addis Ababa, Ethiopia
There continues to be a tremendous demand for medical manufacturing products, equipment, machinery, services, and solutions. The event brings together exhibitors from over 20 nations and the newest and most innovative products in the global industry today. 3500 visitors are expected to be in attendance at the 2018 edition of Medexpo.

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JKIA terminals set for revamp by June next year

Rehabilitation work on three more terminals at the Jomo Kenyatta International Airport (JKIA) in Kenya will begin by June 2018. On completion, the terminals capacity of the airport will be raised by an additional five million passengers.

Confirming the terminals capacity, Transport secretary James Macharia said that once revamped, the airport will be able to handle 12.5 million passengers a year.

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South Africa GDP Growth Quickens for First Time in 4 Years

South African economic growth accelerated for the first year in four in 2017 as agricultural output surged following a recovery in output after the worst drought in more than a century.

Gross domestic product expanded 1.3 percent last year, more than National Treasury’s forecast of 1 percent. Political and policy instability that hurt investor confidence in 2016 continued in 2017, curbing the recovery in Africa’s most-industrialized economy and prompting both S&P Global Ratings and Fitch Ratings Ltd. to cut the nation’s debt to junk. The outlook improved in December, when the ruling party elected a new leader who promised to tackle graft.

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