Fayat are to acquire the Road Construction Equipment Division of Atlas Copco, which manufactures rollers for asphalt and soil applications, pavers and planers
Roads
Uganda are to construct the four-lane Busega Mpigi expressway
The Ugandan minister of finance, Matia Kasaija, signed a US$150mn loan from the African Development Bank which will be used to construct a four-lane expressway
Peru sends armed forces to support construction and development missions in Central Africa Republic
Following the Brussels conference for the Central African Republic (CAR), which took place on 17 November 2016, Perus Defence Minister Jorge Nieto sent armed forces to participate in the construction and maintenance of aerodromes and roads and to assist with the overall peace and security mission in the region
Ethiopia, BADEA sign loan agreement for road upgrades
The government of Ethiopia has signed a US$15mn loan agreement with the Arab Bank for African Economic Development (BADEA) for the financing of Hamusit–Estie road upgrading project
Kenya seeks IFC support for road construction
Kenya is now in negotiations with International Finance Corporation (IFC) for a line of credit of US$1.5bn to finance road construction in the country