Market News

  • East Africa retains lead as top investment destination in 2019

    Posted on :Thursday , 7th February 2019

    Where to Invest in Africa 2019? RMB has the answer. Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. According to a report prepared after an extensive study by South Africa based Rand Merchant Bank (RMB). The RMB Investment Attractiveness index scrutinises a countries’ economic and operating environments to evaluate their p. . .

  • Kenya's tallest high-rise apartment units to be completed by 2021

    Posted on :Monday , 4th February 2019

    Kenya has disclosed it's plans to construct 2,720 high-rise apartment units in Nairobi’s Ngara estate in a development project that will gift the Kenyan capital its tallest homes beating 22-storey Le’mac Towers, Nairobi’s residential tower. The project is in alignment with the government’s affordable housing agenda.


    Chinese billionaire Zeyun Yang said, &l. . .

  • East Africa construction industry outlook promising-report

    Posted on :Monday , 14th January 2019

    The total number of projects in East Africa has risen by a substantial 96% between 2017 and 2018 with an equally substantial increase of 167% in the total US dollar value of projects, a new report has shown.

    The Africa Construction Trends (2018) by consultancy firm Deloitte, reveals that East Africa has a total of 139 projects at a combined value of US$87.1bn. The region accounts. . .

  • East Africa construction industry to grow tenfold over the years

    Posted on :Monday , 7th January 2019

    Investment opportunities in infrastructure construction is set to expand at a rapid pace in East Africa. According to GlobalData, total infrastructure construction output is expected to soar from US$25.9bn in 2017 to US$98.8bn in 2022 in the three largest markets in the region, Ethiopia, Kenya and Tanzania.
     

    Yasmine Ghozzi, construction analyst at GlobalData said that Inves. . .

  • Bangladeshi steel maker to open Sh6.5bn factory

    Posted on :Wednesday , 26th December 2018

    Big ticket infrastructural projects including the multi-billion Standard Gauge Railway (SGR) have driven up demand for steel products in the country.

    One of the largest steel makers in Bangladesh is set to open a Sh6.5 billion ($65 million) factory in Kenya.

    Bangladesh Steel Re-Rolling Mills Ltd (BSRM) announced the local venture to be known as BMS Steel Limited.

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