Market News

  • Kenya to sign deal for the US $3bn Nairobi-Mombasa expressway project

    Posted on :Friday , 12th April 2019

    Kenya is set to sign the US $3bn deal with USA for the construction of Nairobi-Mombasa expressway this month. US Ambassador to Kenya Kyle McCarter announced the reports and said the deal will pave way for construction works to begin anytime after June.

    The contract includes development of three additional Special Economic Zones along the alignment next to strategic interchanges w. . .

  • RAPID GROWTH IN KENYAN INFRASTRUCTURE AND ECONOMY

    Posted on :Saturday , 23rd March 2019

    Developers who are keen on Roads, housing and civil work projects 2018 was projected to be an exciting year, moving Kenya closer to vision 2030, the government identifies affordable housing among the key golden pillars for the next five years and food security manufacturing and universal health care are some others.

    Did you know that civil works as well as roads are paramount for each o. . .

  • 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. . .

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