Chinese Firm Sets Up Railway Technology Training Center in Nigeria
Abuja – The China Civil Engineering Construction Corporation (CCECC) Monday declared open its railway technology training center mainly set up to train local artisans and technicians on how to manage the Nigerian construction industry.
At the unveiling ceremony of the Idu Training Center, Qi Xiaotian, a member of the top management of the China Railway Construction Corporation (CRCC), said the training scheme is necessary for Nigerian employees with the development and operation of the Nigerian modern railways and urban mass transit rail system in Abuja and Lagos.
Beer Company in Sh2.5 Billion Expansion Plan
Keroche Breweries has embarked on a Sh2.5 billion expansion of its Naivasha brewery. This is party of the company’s plans to boost its market share to 24 per cent by 2014.
The ultra-modern plant, which is expected to be ready next December, will increase the firm’s production capacity to 600,000 from the current 60,000 daily.
Rwanda: MPs Approve Rwf96 Billion Loans for Roads
Parliament has ratified three agreements paving way for government to borrow on concessional terms to the tune of USD 153 million (Rwf96 billion) for the construction of the Rusizi – Karongi road which is part of the greater northern corridor.
Two of the agreements were signed between government, AfDB and Exim Bank of China in respect of credit lines worth USD 40.5 million (Rwf25.4 billion) and USD 113.4 million (Rwf71.2 billion) respectively.
Africa is healthy market for drug firms
Pharmaceutical markets in sub-Saharan Africa earned revenues of $2.2 billion (R19bn) in 2011 and were estimated to reach $5bn in 2018 as a result of the growing middle class, increasing incidence of non-communicable diseases and the continued burden of infectious diseases.
