Australian integrated engineering, project management and delivery group Aurecon will delist its African business from the wider group, following a proposal from the African unit to be independent. Aurecon’s CEO William Cox said the decision to delist the African business was motivated by a feeling that...
Kenya’s President Uhuru Kenyatta yesterday opened the second phase of Standard Gauge Railway (SGR) project – Kenya’s largest infrastructure project since independence. The US$1.5 billion railway, funded and built by Chinese companies, comprises a stretch of track running from capital city Nairobi to the Rift Valley...
ArcelorMittal South Africa has cautioned that more than 2,000 jobs may be cut after the steelmaker made a damaging headline loss in the first six months of 2019. The South African subsidiary said it expects to report a headline loss of at least R596 million for...
South African construction giant Group Five has placed three of its biggest subsidiaries up for sale as the company looks to salvage what it can from bankruptcy proceedings. David Lake, one of the Johannesburg-based company’s business rescue practitioners, said in an interview that Intertoll Europe, a...
Egyptian construction firm Hassan Allam has announced it will float up to 44.3% of its shares on the London Stock Exchange (LSE) and the Egyptian Exchange (EGX). The company said it intents to use the proceeds of the capital raise to develop a portfolio of solar...