Market News

  • 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.

  • Kenya govt. to construct 28 km connecting highway at the JKIA

    Posted on :Thursday , 6th December 2018

    A 28 Km highway bridge is decided to be constructed by the Kenyan government, which will connect Jomo Kenyatta International Airport (JKIA) with Kangemi market on the Nairobi-Nakuru highway in order to control traffic congestion in the Kenyan capital city.

    James Macharia the transport Secretary confirmed the reports sa. . .

  • Macro investments to boost trade in East Africa

    Posted on :Thursday , 25th October 2018

    Recent economic research and forecasts have found that investments in East African infrastructure construction are set to expand rapidly. Total infrastructure construction output in the region’s largest markets of Rwanda, Ethiopia, Kenya, and Tanzania, is expected to grow from USD 25.9 billion in 2017, to USD 98.8 billion in 2022.

    At present there are about 287 large scale publi. . .

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