Construction

During a Briefing On Thursday, Sep 23rd, Mbalula, the N2 national Wild Coast road network is acknowledged by the Transport Minister, they stated that the Government of South Africa had acknowledged it as one of its most valuable projects that will lubricate the wheels of trade and commerce across Swaziland. the local, provincial, and national economies will benefit from the project in the long...

The African Development Bank (AfDB) is funding feasibility studies for implementing Eswatini’s Mkondvo-Ngwavuma Water Resources Enhancement Programme (MNWAP), amounting to about US$ 1.67 million. The latter is also a part of the 2016 Eswatini National Water Resources Management Master Plan, which has identified target sites for constructing various dams. The program also aims to facilitate dam...

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development...

Development is in progress on the R4 billion mixed-use Oceans mall construction in Umhlanga. The construction composes a world-class shopping mall with more than a hundred stores, permanent residence, with a new Radisson Blu hotel. Two of Africa’s largest state of the art retailers anchor the mall. The mall will also offer some specialty stores and international super brands like Burberry, Versace,...

A mega project which will link Mozambique’s Nacala port to Moatize coal mine has received financial support majorly from Vale and Mitsui companies. Vale, a Brazilian mining company in partnership with Mitsui, Japanese company signed an agreement to finance NCL project with $2.73 billion. The consortium of financial institutions including Standard Chartered Bank, Sumitomo Mitsui Banking, Sumitomo Mitsui...

In the coming quarters Swaziland will see only a modest growth in its economy following the government spending on construction projects, improving weather conditions and a small growth in textile manufacturing. The forecasts of economy growth is expected to be of 0.7% in 2017 and average 1.0% between 2018 and 2020 but even though this is a sign of improvement, growth is likely to remain far from the...