Mining boom shifts in Africa
Many of the 7,500 delegates at the recent Investing in African Mining Indaba in Cape Town City said investors are starting to look elsewhere in Africa for new opportunities, as the future of big mining in South Africa seems shaky due to the issues in 2012 that negatively affected production.
Real estate stimulates growth
The real estate sector, long a significant source of inbound foreign capital, has undergone a structural shift in recent years. Prior to the global economic crisis in 2008, many of the sector’s marquee projects consisted of high-end and luxury tourism, residential and mixed-use developments.
Kenya’s Portland Cement On The Prowl For Acquisitions
Kenya’s East African Portland Cementplans to expand after returning to profit during the six months ended December, boosted by cost cutting and improved cement sales, Reuters reported on Monday.
Read more: Kenya’s Portland Cement On The Prowl For Acquisitions
Kenya begins construction of ‘silicon’ city Konza
Kenya’s president has launched a $14.5bn (£9.1bn) project to build a new city intended to be an IT business hub and dubbed “Africa’s Silicon Savannah“.
It will take 20 years to build Konza Technology City about 60km (37 miles) from the capital, Nairobi.
Read more: Kenya begins construction of ‘silicon’ city Konza
