Shares of Australia-based WorleyParsons rose 32% on Feb. 28, following the firm’s disclosure the day before that, last November, Dubai-based engineer conglomerate Dar Group had made an estimated $2.2- billion bid, which it rejected as undervalued.
International lending agencies and the Uganda National Roads Agency putting funding in place for a $1.1-billion that would ease the flow of freight from landlocked Rwanda to the Kenyan port of Mombasa.