Market News

  • World Bank approves Sh81bn loan for Isiolo-Mandera road corridor

    Posted on :Thursday , 10th September 2020

    The World Bank has approved a Sh81 billion loan to upgrade half of the 750-kilometre Isiolo-Mandera road and lay a fibre-optic cable in a major boost to the North Eastern region.

    The lender said on Wednesday that it projects the International Development Association (IDA) financing will improve the movement of people and goods, digital connectivity and access to social services for over 3. . .

  • USD 42M Praise Mall in Mt. Kenya Area Breaks Ground

    Posted on :Wednesday , 2nd September 2020

    The building of Mt. Kenya region's tallest building has begun. The "Praise Mall" project for mixed-use urban growth covers a total area of 0.4 hectares of land along Meru-Embu-Nairobi Highway in Meru city, Meru County. Jesus House of Praise International church is designing the over USD 42 M project and Jianxi Jingtai Water Conservancy and Electric Power Development Ltd are carrying out the con. . .

  • Cement consumption defies Covid curbs to hit 3.4m bags

    Posted on :Wednesday , 2nd September 2020

    Cement consumption in the first seven months defied effects of the corona virus pandemic pointing to stable activity in the construction sector despite the restrictions imposed in March to curb spread of the disease.

    Data from the Kenya National Bureau of Statistics (KNBS) show that consumption rose 4.5 percent to 3.59 million tonnes in the period from 3.44 million tonnes posted first sev. . .

  • Builders sets foot in Kenya with store in Nairobi

    Posted on :Tuesday , 11th August 2020

    South African construction and building materials retailer, Builders, is set to open its first store in Nairobi this month as it expands into the East African region.

    The store, to be opened at the Waterfront Karen at the end of August, will bring the total number of Builders stores beyond South Africa to nine.

    Kenya, East Africa,s commercial hub, will join Botswana, Mozambique, and. . .

  • USD 99.89 million road upgrade project confirmed by KeNHA in Kenya

    Posted on :Friday , 7th August 2020

    The Government of Kenya, through the state-owned Kenya National Highways Authority (KeNHA), is planning to undertake a USD 99.89 million Kiambu to Thika road upgrade project, which will see an upgrade of 62 kilometers of road connecting Kiambu Road and Thika Highway at B30 / A2. The road upgrade from Kiambu to Thika begins at Junction B32 / B30 on Kiambu Road and continues through Kirigiti, Ria. . .

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