Nigeria govt announces new building code to safeguard lives, property

Babatunde Raji Fashola, Nigeria’s minister of power, works and housing, said Tuesday that the federal government has passed the Revised National Building Code into law. The code regulates construction with the aim of improving on measures to safeguard lives and property in the country. The minister made the announcement while inaugurating members of the Architect Registration […]

Steel production: Crucial road to be travelled

For long, the Nigerian government has clamoured for the growth of the non-oil sector as a pathway to the nation’s development, focusing more on trade and exportation of raw materials. However, many analysts believe that the country needs to pursue industrialisation; but industrialisation needs a robust steel sector to emerge and thrive. They say without […]

African construction boom lures cement giants to circle PPC

South Africa’s biggest cement maker, PPC Ltd., is an unlikely candidate for a takeover battle. The supplier of building materials reported a loss in its last fiscal year, doesn’t have a permanent chief executive officer and its home market has just come out of recession. Still, potential bidders are circling. PPC has received one formal […]

Afreximbank grants Arab Contractors $200m financing facility

The African Export-Import Bank (Afreximbank) says it has granted Egyptian construction conglomerate, The Arab Contractors (Osman Ahmed Osman & Company) Limited, a $200-million multi-currency guarantee facility. This is contained in a statement by the bank’s Head of Communications, Obi Emekekwue, on Friday in Lagos. The statement quoted Benedict Oramah the bank’s President, as saying that […]