World Business News

The construction of a long awaited Leone’s Mamamah Airport is now set to kick off in December Chinese Ambassador Zhao Yanbo has said.

Speaking during his country‘s 67th Independence celebration at the Embassy last week Zhao said that the current good working relationship with the county will continue despite the fact that he is going out now.

The First Chinese-built railway line linking the Ethiopian capital Addis Ababa and the port of Djibouti has been formally inaugurated. Covering a total of 752-kilometer it is the first electric railway in Africa.

The railway which is expected to open more routes and also provide landlocked Ethiopia with a faster access to the port, and encourage industrialization along its route.

The First electric railway in Africa was commissioned after the Ethiopian military band set up the mood to usher in a fully-electric rail line in Africa.

It has been constructed by the China Railway Group and the China Civil Engineering Construction Corporation.

The construction of a US$ 30m Pepsi bottling plant dubbed Varun Beverages Ltd has commenced in Harare, Zimbabwe.

Director and Chief Executive Officer, Mr. Shankar Krishnan confirmed the reports and said that all the machinery and equipment that are required have been ordered and all resources needed for the completion of the plant were in place. He further said that the bottling plant is expected to be completed by the second quarter of 2017.

Kenya Electricity Generating Company (KenGen) has plans to construct 140MW geothermal power plant in Kenya before the end of 2016.

Abel Rotich, KenGen Geothermal Development Director, said that his organization has already secured funding to the tune of US$300m for the construction of the geothermal power plant in Kenya.