Sunday, April 11, 2021

Sh7bn Mombasa airport upgrade finally kicks off

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A delayed Sh7billion refurbishment of the Moi International Airport in Mombasa has finally started with authorities projecting completion by next month.The restoration works were...

Higher cost of funds denting steel industry’s capacity expansion: Kearney

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India’s steel industry had targeted a capacity of 180 to 190 MTPA by 2024–2025 and 300 MTPA by 2030. Prior to the Covid-19 outbreak,...

Chinese-built buildings, road projects give Kenya’s capital a major facelift

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The high-rise building at the intersection of Waiyaki Way and Chiromo lane in Kenya's capital Nairobi stands out.Not only because of its massive height,...

NCBA, Shelter Afrique ink homes financing deal

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Pan-African housing financier Shelter Afrique has partnered with NCBA Bank to provide mortgage financing to 200 home buyers in Nairobi, Mombasa, Kisumu, Kiambu and...

China: Steel industry posts production expansion

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China's steel industry recorded production growth last year, industrial statistics revealed.In 2020, crude steel production increased 5.2 percent year on year to surpass 1.05...

Nigeria Accounts for Largest Share of New Housing Units in Africa/Mideast Region

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Homebuilding activity in the Africa/Mideast region will continue to be driven by urban population growth, increased standards of living, and – aside from 2020, when...

A Cold January for Indian steel exports

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Indian steel exporters are experiencing a quiet first month of the New Year. No big deals have happened so far into January, 2021 and...

STEAG and thyssenkrupp planning joint green hydrogen project

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Essen-based energy company STEAG, Duisburg-based steel producer thyssenkrupp Steel and Dortmund-based thyssenkrupp Uhde Chlorine Engineers, specializing in electrolysis technology, are working on a joint feasibility study....

Newsbreak: Policy revisions a boon for steel industry

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The steel industry has reason to cheer this year as the government is making revisions to the iron and steel policy that are expected...

Why iron-ore prices are pinching: Prices to remain high in the near term

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First, it was the Indian Steel Association (ISA), representing the interest of all major producers of the alloy, that drew the government’s attention to...

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‘Green steel’: the race to clean up one of the world’s dirtiest industries

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Skyscrapers and bridges, cars and cruise ships, guns and washing machines. All have one thing in common: steel.As a key input for engineering and...

Pricier steel can be costly for economy

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The Competition Commission has opened a suo motu probe into cartelisation by steel companies to set prices, which have been on the rise for...

Auto companies to hike prices again as steel rates soar

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CHENNAI: The increase in raw material costs is set to trigger a second round of price hikes in the auto industry with manufacturers indicating a...
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