Market News

  • Kenya-Tanzania, transnational highway project set to start in 2018

    Posted on :Friday , 17th November 2017

     With the African Development Bank (AfDB) looking for financial partners capable of investing US $385.2m towards the construction of the highway connecting Kenya and Tanzania, construction work on the US $751.3m Kenya-Tanzania Highway is set to begin in 2018.

     
    According to AfDB Chief Regional Program Officer, Lawson Zankli, US $289m has already been set aside fo. . .

  • New US $30m Office Complex For Road Authorities In Kenya

    Posted on :Friday , 17th November 2017

     The Kenya government in partnership with the World Bank is funding the construction of a mega project which is being developed by Chinese firm-Aviation Industry Corporation of China (AVIC). The US $30m road authorities office complex in Nairobi, Kenya is currently 40% complete is expected to be  ready for occupation in late 2018.

     

    KeNHA director-general Peter . . .

  • State of the art expressway to be constructed in Kenya – Investment of US$2.9bn

    Posted on :Thursday , 16th November 2017

     Kenya is planning on constructing a brand new road connecting Mombasa and Nairobi instead of expanding the existing highway. Scrapping the plan to upgrade the current road into an expressway, the government has decided to construct a brand new six-lane expressway that will run alongside the existing. . .

  • New Building Materials Manufacturing Unit in Kenya

    Posted on :Thursday , 26th October 2017

     Ceramic tiles, construction hardware, bathroom and kitchen appliances are among the products that will be manufactured at Kenya’s newest plant for building materials.

     
    The project is headed by China Wu Yi. The firm is currently in the finishing stages of an upcoming precast building materials manufacturing unit in the Machakos County.
     
  • Japanese to Fund Container Terminal at Mombasa Port

    Posted on :Tuesday , 17th October 2017

     The Japanese Government is all set to finance The Kenya Port Authority’s (KPA) newest endeavor. The Japanese Government has allocated a US$ 339.2m loan to the terminal project, with construction work on phase 2 due to begin in January 2018.

     
    KPA Managing Director, Catherine Mturi-Wairi revealed that development tendering for the project is very close to f. . .

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